Indian real estate market grow to ₹65,000 Cr by 2040
Indian real estate market
As per the report, the size of the Indian real estate market in 2019 was ₹12,000 crore. The report said that despite fears related to the Omicron crisis, the market showed a bullish trend in 2022, with demand picking up.
With regard to Indian commercial Real Estate, the report said that offices with an advanced technology-driven ecosystem in the workplace will be in demand and developers are investing in technology and digital channels to reach out to consumers.
Co-working space has emerged as a sustainable business model for corporates who want to remain flexible on cost components in the event of a possible resurgence of COVID caseloads, the report said.
India’s retail industry is projected to grow at a slow pace of nine percent during the period 2021 to 2030 and is likely to touch USD 1400 billion by 2026.
The report said that Indians are largely doing online retailing, and by 2024, the country’s e-commerce industry is likely to reach US$ 111 billion driven by mobile shopping.
The report said the warehousing Indian real estate market will continue to grow as e-commerce gains traction, and transactions in this sector are projected to grow at a compound annual growth rate (CAGR) of 20 percent in FY2023. The share of e-commerce in total warehousing transactions will increase to 36 percent in FY2023.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the FDI equity inflows between April 2000 and June 2021 were USD 547.2 billion, indicating that the government’s efforts to ease doing business and relax FDI norms resulted have emerged.
Foreign portfolio investment (FPI) has been one of the biggest drivers of India’s real estate market financial markets, while institutional investors are expected to continue investing in Indian Real Estate with more funds, the report said.
