India Real Estate Market to Grow at a CAGR of 8.03% during 2024-2032
India Real Estate Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 8.03% (2024-2032)
The increasing construction of the service sector, information technology (IT) and IT-enabled services (ITES), and the rise of startups are bolstering the market growth in India. According to the latest report by IMARC Group, The India real estate market size reached US$ 280.4 Billion in 2023 and grow at a CAGR of 8.03% to reach US$ 562.0 Billion by 2032.
India Real Estate Industry Trends and Drivers:
The growing demand for office spaces, co-working spaces, and business parks as companies seek to establish and expand their operations in major cities and emerging business hubs is positively influencing the market. The development of high-grade office spaces and state-of-the-art commercial properties is attracting multinational corporations and fostering a conducive environment for business growth. Furthermore, the rising focus of the government on creating a favorable regulatory environment, coupled with incentives for real estate development, is fostering a positive ecosystem for the real estate market in the country. The implementation of numerous initiatives is enhancing the connectivity and accessibility of urban and semi-urban areas, driving real estate development in these regions.
Apart from this, the introduction of real estate investment trusts (REITs) is opening new avenues for investment in the real estate sector in the country. REITs provide investors with an opportunity to invest in income-generating real estate assets, such as commercial properties and office spaces, without directly owning the properties. This is democratizing real estate investments and attracting a broader range of investors, including retail investors. In addition, the rising availability of various financing options is making homeownership more accessible. Financial institutions are offering competitive interest rates on home loans, coupled with flexible repayment terms, which are making it easier for individuals to invest in real estate. Besides this, the adoption of cutting-edge technologies, such as building information modeling (BIM), artificial intelligence (AI), and the internet of things (IoT), into real estate projects to enhance efficiency, reduce construction timelines, and improve overall project management is propelling the market growth. There is an increase in awareness and demand for sustainable and green buildings in India. Developers are adopting eco-friendly construction practices and incorporating sustainable features like energy-efficient lighting, rainwater harvesting, and waste management systems into their projects. The growing demand for green buildings is being driven by environmentally conscious buyers and regulatory incentives encouraging sustainable construction.
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India Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Property:
- Residential
- Commercial
- Industrial
- Land
Breakup by Business:
- Sales
- Rental
Breakup by Mode:
- Online
- Offline
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Brigade Enterprises Limited
- DLF Limited
- Experion Developers Private Limited
- Godrej Properties Limited (Godrej Industries Limited)
- Jaypee Infratech Ltd. (Jaiprakash Associates Limited)
- Lodha Group
- Merlin Group
- Oberoi Realty Limited
- PNC Infratech Limited
- Prestige Estates Projects Limited
- SOBHA Limited
- Sunteck Realty Limited.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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