Indian Real Estate Market: Growth Projections and Investment Trends

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    India’s real estate market is expected to reach Rs 65,000 crore by 2024, with a further increase to 13% of the country’s GDP by 2025, according to a report by consultancy firm CIRIL. In 2019, the market was valued at Rs 12,000 crore.

    Despite concerns about the Omicron crisis, the market remained positive in 2022, with demand rising across all sectors.

    The report highlights that offices equipped with advanced technology will be in demand, leading developers to invest in digital channels. Co-working spaces are becoming popular among corporates seeking flexibility in cost management.

    India’s retail industry is forecasted to grow at a slower rate of nine percent until 2030, reaching USD 1400 billion by 2026. The country’s e-commerce industry is expected to hit USD 111 billion by 2024, driven by mobile shopping.

    The warehousing sector is set to expand due to the growth of e-commerce, with transactions projected to grow at a rate of 20 percent in FY 2023. E-commerce is expected to account for 36 percent of total warehousing transactions by FY 2023.

    Government efforts to improve ease of doing business and relax FDI norms have attracted significant foreign investment, with FDI equity inflow reaching USD 547.2 billion between April 2000 and June 2021, according to the Department for Promotion of Industry and Internal Trade (DPIIT).

    Foreign portfolio investment (FPI) remains a major contributor to India’s financial markets, with institutional investors expected to continue investing in Indian real estate with more funds

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