Future of Real Estate In India be the third-largest economy by 2030 with a GDP of 13%. Currently, India ranks 5th in the world in terms of Gross Domestic Product (GDP). The real estate market in India is growing rapidly and investors need to be aware of current trends and prospects before deciding to invest. Here, we will review what has been happening in the real estate news in the last 5 years.
Real Estate Forecast 2022
The Future of Real Estate In India in India is expected to grow rapidly in the coming 5 years. The demand for residential properties is expected to increase significantly as developers are targeting to provide affordable housing to the youth and middle class in and around rapidly developing urban areas. The implementation of the Goods and Services Tax (GST), the current down-trend in the real estate market, and various economic factors are expected to restrain the growth of the residential property market shortly
The Real Estate Forecast 5 Years has seen a lot of volatility. The real estate prices and the growth in real estate sales have decreased in the last few years. The real estate market has become transparent and accountable with the implementation of the Real Estate Regulatory Agency of India (RERA) and the Prime Minister’s Office of Housing and Urban Affairs (PMAY).
The real estate sector in India is expected to witness healthy growth in the next Real Estate Forecast 5 Years with a CAGR (Compound Annual Growth Rate) of about 9,2% from 2023 to 2028. Real estate in India is growing due to the fast urbanization, the rental market opportunity, the steady price growth, and the steady growth in the 7 regions of India (Kolkata being one of them).
The Indian real estate industry is expected to grow at a CAGR of 13% by 2030. The rapid growth rate of the Indian economy has attracted huge investments in the real estate sector in the next few years.
Real Estate News 5 Years in India is projected to witness healthy growth over the next five years with a CAGR of about 9.2% from 2023 to 2028. The real estate market has witnessed rapid growth in the last five years due to the fast urbanization in India, rental growth opportunities in the rental market, stable property prices, and steady property growth in the 7 regions of India including Kolkata.
India’s GDP growth rate is projected to be 13% by 2030 and India is set to become the 3rd largest economy globally. The fast growth in the real estate sector is attracting huge investments. Investors need to know the current status and prospects of the property market. Pune is a great place to invest in real estate due to its good infrastructure, proximity, and quality educational institutions. Mumbai is India’s economic hub and has some of the highest property values in the country.