Growth rate of Real Estate


Date: 26-April,2019Last Updated: 11-February,2021
+A   -A

The most recognized sector globally, Real Estate is a major sector in the Indian Economy. Contributing about 13 per cent to the Indian GDP, Real estate is expected to grow at 30 per cent over the next decade. With the construction industry ranking third on the list of the major sectors in the Indian economy, the growth of Real Estate goes in sync with the drastic growth of the corporate environment and the increased demand of office space.

Keeping in mind the rise in demand for urban and semi-urban accommodations, it justifies the fact the Indian Real Estate sector is the second biggest employer after agriculture. Comprising of four sectors namely Housing, Retail, Hospitality and Commercial, all these sectors combined are expected to receive short term and long term investments.

With investments slated to flow in, especially from NRI’s, Indian Real Estate is on the path to become the leading contributor to the Indian Economy. Bangalore tops the list of favoured real estate investments destination for NRI’s, followed by Mumbai, Hyderabad, Chennai and Delhi.

The Residential property sector in India is on a steady rise, with India ranking 9th amongst the 55 countries evaluated in the Global House Price Index. The increasing prices in the residential real estate sector seem to have helped India jump the 13 spots on the Global House Price Index.

Market Size :

Estimated to touch US$ 180 billion by 2020, the housing market is slated to comprise 11% of India’s GDP by 2020. Growing at a Compound Annual Growth rate (CAGR) of 11.2 per cent since 2008, the market size of the Indian economy is set to increase steadily in the coming years.

With significant growth in retail, hospitality and commercial real estate sectors, the increased demand in infrastructure will be supplied by the new Urban infrastructure.

The Indian Real Estate sector is said to have grown 12% year on year to the tunes of US$ 4.18 billion in 2017 across 79 transactions in 2017.

Private equity investments in Indian retail assets increased by 15% crossing US$ 800 million. The real estate sector in India is headed towards an era of transparency with a significant rise in business done.

IT and ITeS companies along with retail, consulting and e-commerce firms are driving the high demand for office spaces in metropolitan cities of India. With an office space absorption of over 18 million square feet in 2018 and 20 million square feet in 2019, the demand and supply of office space are on an all-time high.

Not only this, there is an increased inflow of private equity funds of over 150% in the last four years. All these developments are an indication of the prospects of the Indian Real Estate sector.

Foreign investments :

The inflow of investments into the Indian Real Estate sector has been growing constantly with the rising demand for commercial and residential real estate. With investments in private equity expected to grow over US$ 100 billion by 2026 in Tier 1 and Tier 2 cities, the scope for development is exceptional here.

On a global level, India stands third in the US Green Building Council (USGBC) rankings for the top 10 countries for Leadership in Energy and Environmental Design(LEED) certified buildings, having 752 LEED certified projects sprawling across 20.28 million square meters of space. in the past 18 years, having received FDI inflows of over US$ 24.67 billion the growth of Indian Real Estate is phenomenal.

Government’s support to Real Estate :

The Central and State Governments of India have incepted several initiatives to promote investments and ignite consumer spending, introducing schemes to attract investors to invest in real estate in India. If we were to take an example, the Smart city project of the government with an aim to build over 100 smart cities in the next couple of years.

This initiative is an open opportunity for investors and developers to invest in these projects and enjoy the profits and benefits of successful projects. With the economy demanding infrastructure and increasing employment, the prospects for investors in infrastructure projects look good.

And there is no doubt about the demand, with a good economy and consumers in focus the financial prospects look good for buyers as well.

The Future of Real estate Investments :

With SEBI approving the introduction of REIT’s into the Indian economy, investors can now enjoy the benefits of a globally renowned investment option. What will be interesting to watch is how a variety of investors will all now invest in this option.

It’s estimated that REIT’s will create US$ 19.65 billion in opportunities in the Indian economy over the years. Since developers are now faced with a highly well-informed consumer base and massive globalisation, Indian developers are now coming to terms with reality.

They have begun adapting the changing culture in Indian businesses with the world now in an era of transparency and meritorious business. It can be said that professionalism is taking over the business world, especially Real Estate by storm.

Homes247.in Experts View

The latest trends in the indian Real Estate Sector suggest an expected growth rate of 35% annually.

The Government of India has been introducing landmark economic reforms to support and encourage the Real estate sector.

As per the latest news in the Indian Real Estate sector, the Government is also inclined on continuing the Housing for All initiative with provisions in the Budget implemented immaterial of the general elections in the country.

Developers and investors from all over have been advising buyers and investors to invest in Real estate, both commercial and residential real estate.

We at Homes247.in suggest all our clients and homebuyers go through our HomeGuide and consult with our experts and make a good and profitable investment in Indian Real Estate.

Did we help ?

Post Response

Categories

                           

Latest Blogs

Why Read Real Estate Blogs?

Well, we are aware that real estate has never exactly been one of those binge-worthy blog categories. It has neither been the kind of topic you could not get enough of, nor is it half as juicy as celebrity gossip.

However, in India, real estate blogs are starting to get clicks and likes, and it has become one of the trending topics. People worldwide are beginning to realize how real estate as an industry affects the economy and how important it is to understand housing trends to enhance their lifestyle.!

The relevance of informative Indian blogs on real estate and finance are at an all-time high now. The youngsters are bidding big on investment options, and brackets such as realty have proved to be highly dependable compared to others.

The Millennials are flooding in to invest in apartments, plots, and villas, and the earliest members of the Gen-Zs' entering the workforce and looking forward to having their own homes. This has only fuelled the growth of digital real estate blogs to keep up with the tech-savvy generations.

Also, the real estate sector has been proving time and again, how reliable an investment choice it is. So, learning about the sector is the smart way to climb up the ranks, and where else can you learn so much except from real estate Blogs! Real estate is the second-largest contributor to the country's GDP; hence there is no doubt that it affects every one of us, whether we see a future in the Real Estate Industry or not. After all, we all live in our homes, and housing is a significant part of the industry.

What sets India's favorite Homes247.in Blog Posts apart?

We know exactly what you need to know and what you like. We know you want to feel engaged and entertained, and at the same time, hot housing news should be fed to you! We have turned the tables, grab a spoon, and start digging!

And Voilà! We present to you the most Interesting and Informative blogs!

As our name implies, we are not limited to realty alone, granted we do Specialize in it. We are all about Homes, and we are in love with Tech and Innovation! Naturally, our blogs cover a myriad of topics related to real estate and housing from Luxury, Lifestyle, Home Decor, Vastu, Real Estate News, Reviews, Tech & much more!

We make every one of our real estate blogs as interesting as it can get and attach with absolutely unique and accurate images, to provide you a better understanding. Not only do we cover a wide range of topics, but we also cover them at the right time. We update you on our socials such as Facebook, Instagram, Linkedin, Pinterest, and Twitter on every trending topic, so you are never miss anything and worry about being left behind!

However, we never go out of hand with our Indian real estate blogs that our beloved Readers have come to love over the years.

What is the Importance of Real Estate Blogs?

Everything in India is a state of constant flux; maybe that's why we Indians became one of the most adaptable and cosmopolitan people in the world!

If the nation's elements are shifting its focus, how can real estate be any different? Indian Real Estate Sector is perhaps one of the most dynamic ones in the entire world. Since the Real Estate in India is yet to be organized entirely, the variations in one segment affect another in ways difficult to comprehend.

The complexity and nuances can be understood only by reading about what is going on in the sector. Like we mentioned above, it affects every one of us. Hence it is essential to keep up to date.

With its ever-changing shifts and tides, it's virtually impossible to keep track of the sector's latest trends and sink our anchor deep. That's where we come in! We are just one google search away!

We also try to solve every home-related query through our Indian real estate blogs. And that's not all. We provide you insights on technologies that make the modern taste and rate of development possible, detailed analysis on real estate projects, insights on loans and taxes, advice on the home buying process, and articles on health and fitness. We provide you information about the trending topics in the Indian real estate industry.

We also host video podcasts named Expert's Voices, where we discuss with the leading players in the industry about market scenarios, offers, anything and everything related to real estate.

In addition, we host Real Estate News so you can stay updated on the sporadic events that happen around the country concerning Indian Real Estate. We also make short and easy to understand real estate video blogs.

We have got so many topics to read about that even if you have years of experience or are just curious and googling to get some ideas about Indian real estate blogs, you will find the best ones here.

At Homes247.in, we strive to provide you only the best real estate blogs. Our blogs are always entertaining; even the dullest subject we touch upon, we try to make it engaging. We make sure the best of the best is are the only standard we keep ourselves at when it comes to our service or our Indian real estate blogs.

Our team is made of a dynamic group of keen hands-on expert researchers who work tirelessly along with passionate and knowledgeable content writers to bring to your fingertips the world of real estate.

On every one of our real estate blogs, we research vigorously, write creatively, carefully compile, and thoughtfully curate the best real estate blogs, especially for you, from India's best content writers and contributors.