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*According to a leading real estate analytics firm, the demand for data center real estate is projected to increase by 15-18 million square feet by 2025.
*In 2023, sales of luxury homes in India jumped by 75%, resulting in their share of the overall housing market more than doubling.
*By 2023, the market value of organized retail real estate is projected to rise by 28% to 82 million square feet.
*The real estate industry is expected to grow at a 9.2% annual rate between 2023 and 2028. Urbanization, the rise of the rental sector, and the appreciation of real estate prices are predicted to propel growth in 2024
*Blackstone, a private market investor, has made large investments in the Indian real estate industry totaling Rs. 3.8 lakh crore (US$ 50 billion) and plans to contribute another Rs. 1.7 lakh crore (US$ 22 billion) by 2030
*The industry is seeing a boom in private investment, driven by rising returns and transparency
*For projects aimed at developing townships and settlements, the government has permitted FDI of up to 100%.
*The government of India's PMAY-U flagship project would add 2 crore more homes to the budget for 2024–2025, which will boost the country's affordable housing market
*The realtors' association CREDAI has praised the new framework for Small and Medium Real Estate Investment Trusts (SM REITs), emphasizing that it will enhance the flow of capital into the Indian real estate industry.
*About US$ 4 billion is invested in Indian real estate by foreign investors each year; in 2023, these inflows will increase by 20% year over year.
It is predicted that the real estate market will grow from ₹12,000 crore (US$ 1.72 billion) in 2019 to ₹65,000 crore (US$ 9.30 billion) by 2040. By 2025, the real estate industry in India is expected to contribute 13% of the nation's GDP, having grown from US$ 200 billion in 2021 to a market size of US$ 1 trillion by 2030. Along with commercial real estate, retail and hotel are growing significantly as a response to India's growing infrastructural requirements.
Moreover, it is anticipated that India's real estate market will reach US$ 5.8 trillion by 2047, increasing its share of the country's GDP from the present 7.3% to 15.5%.
Home sales in India reached a record high in FY23, valued at ₹3.47 lakh crore (US$ 42 billion), indicating a significant 48% year-over-year rise. The volume of sales increased significantly as well, rising 36% to 379,095 units sold.
In 2023, developers of real estate in India's largest cities are scheduled to finish about 558,000 residences, marking a significant milestone for the industry
Despite obstacles such high mortgage rates and rising real estate costs, demand for residential homes increased in 2023 throughout the top 8 Indian cities, led by the mid-income, premium, and luxury groups.
With about 41 million square feet of retail developments expected to open in the top 7 cities between 2024 and 2028—projects ranging from planning to construction—India's physical retail market is expected to see significant growth.
In India's top seven markets, gross leasing surpassed 60 million square feet for the first time, coming in at a noteworthy 62.98 million square feet, a noteworthy 26.4% gain from the year before. Notably, the December quarter was the busiest on record, with 20.94 million square feet of gross lease.
With a 22% market share in the first quarter of 2024, IT companies dominated leasing activity. Companies engaged in engineering and manufacturing (E&M) came in second with 13%, followed by banking, financial services, and insurance with 12%. Operators of flexible spaces witnessed a noteworthy 48% growth, demonstrating their expanding influence in the industry.
New real estate debuts in India's top seven cities took up 41% of the market in the first quarter of 2023 (January–March), up from 26% in the same period four years earlier. In Q12023, these cities sold over 114,000 units, of which more than 41% were newly constructed houses.
It was projected that investments in the commercial real estate sector will increase in 2021–2022. For instance, the Chintels Group said in October 2021 that it would invest ₹400 crore, or US$ 53.47 million, in a new commercial complex in Gurugram that will occupy 928,000 square feet. Commercial real estate transactions quadrupled to 1.5 million square feet by the first quarter of 2023.
The Economic Times Housing Finance Summit states that whereas five houses per 1,000 people is the ideal ratio, only about three houses are built annually for every 1,000 people. There is an estimated 10 million units of housing scarcity in urban regions at the moment. By 2030, 25 million more affordable housing units will be required to meet the growing urban population.
