India Real Estate Market (2023-2029) | Value, Growth, Industry, Forecast, COVID-19 IMPACT, Analysis, Size, Share, Revenue, Trends & Companies

India Real Estate Market Highlights

Report Name	India Real Estate Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	25.26%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Property, By Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
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Topics Covered in India Real Estate Market Report

India Real Estate Market report thoroughly covers the market by property, by type. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Real Estate Market Synopsis

The India real estate market is a crucial sector of the country`s economy, encompassing residential, commercial, and industrial properties. Real estate plays a significant role in driving economic growth, employment generation, and infrastructure development. The market is driven by factors such as urbanization, population growth, and increasing investments in infrastructure and construction projects. The demand for affordable housing, office spaces, and retail properties also contributes to the market`s growth. However, challenges related to regulatory approvals, project financing, and market fluctuations impact the real estate sector. Key players in the India real estate market include real estate developers, construction companies, and property management firms that cater to diverse customer needs and deliver high-quality projects.

According to 6Wresearch, the India Real Estate Market size is projected to register a CAGR of 25.62% and will reach USD 828.77 Billion during 2023–2029. The India real estate market is influenced by various drivers. Firstly, rapid urbanization and population growth drive the demand for residential and commercial properties in major cities and emerging urban centers. The expanding middle-class population and increasing disposable income also contribute to the demand for housing and commercial spaces. Secondly, government initiatives such as "Housing for All" and favorable policies encouraging foreign investment in real estate have attracted significant investments in the sector. Additionally, the growth of the information technology and services sector has led to a surge in office space demand in technology hubs, boosting the commercial real estate segment. The increasing trend of nuclear families and lifestyle changes has also resulted in a rising demand for modern and well-equipped housing units. These factors have been propelling the India Real Estate Market Growth.

The India real estate market faces several challenges that impact its growth and stability. Firstly, regulatory and bureaucratic hurdles can cause delays in project approvals and increase compliance costs for developers. Streamlining the approval processes and ensuring transparency in real estate transactions can help boost investor confidence and expedite project timelines. Secondly, fluctuating property prices and economic uncertainties can create market volatility, affecting buyer sentiment and investment decisions. Stabilizing property prices and implementing measures to support the real estate sector during economic downturns are essential to foster long-term growth. Additionally, the oversupply of certain property segments in some regions can lead to inventory buildup and slow absorption rates. Balancing the supply and demand dynamics is crucial to maintaining a healthy real estate market. Moreover, addressing environmental sustainability and infrastructure challenges in urban areas is crucial for sustainable real estate development. Ensuring adequate infrastructure and eco-friendly building practices can enhance the attractiveness of properties and create more livable cities.

COVID-19 Impact on India Real Estate Market

The India real estate market, which is a prominent part of the Asia Pacific Real Estate Market, experienced a significant impact due to the Covid-19 pandemic. During the lockdowns and restrictions, construction activities were halted, and property sales and purchases were put on hold. The uncertainty and economic challenges posed by the pandemic led to a slowdown in the real estate sector. However, as the economy gradually reopened and digitalization efforts increased, the real estate market showed signs of recovery. The demand for residential properties, especially those offering amenities conducive to remote work and leisure, witnessed an upswing. Developers adapted to changing consumer preferences, emphasizing health and safety features in properties. The market`s recovery was further supported by government stimulus measures and favorable interest rates on housing loans.

India Real Estate Industry: Key Players

The Real Estate Market in India is catered to by various key players in the construction and development sector. Some notable players include DLF Limited, Prestige Group, Oberoi Realty Limited, and Godrej Properties Limited. These companies are involved in residential, commercial, and retail real estate development across India. Their focus on quality construction, timely delivery, and customer-centric projects has positioned them as leading developers in the India real estate market.

India Real Estate Market: Government Regulations

The Indian real estate industry has been subject to a series of government initiatives aimed at bringing, stability, accountability, and transparency to the market. One key measure was the implementation of the Real Estate (Regulation and Development) Act, which is commonly known as RERA, in 2016. RERA made it necessary that all residential as well as commercial real estate projects with a certain number of units must be registered with the regulatory authority, offering detailed information about the project, including the completion timeline. This move was vital in safeguarding the interests of homebuyers, since it needs developers to adhere to strict guidelines as well as penalizes them for project delays or any deviation from the promised specifications.

In addition, the Goods and Services Tax (GST) was introduced by the government in 2017, replacing a complex web of indirect taxes and this unified tax structure streamlined transactions and decreased the overall tax burden, positively impacting the real estate industry. Moreover, the government has also taken measures in order to boost budget-friendly housing via initiatives such as the Pradhan Mantri Awas Yojana (PMAY). This program offers subsidies and incentives for both developers and homebuyers. Indian real estate market forecast period is a vital since it will see major growth.

Market by Property

Residential property on the basis of property type, dominated the market with a high revenue share. The success is majorly driven by the millennials since they are more inclined toward homeownership. Commercial property is anticipated to grow due to the booming tourism sector.

Market by Type

In terms of revenue, the rental type segment dominated the market with a high share. This is due to the rising home prices, owing to which there is a growth in the number of renters, favoring the segment progression. Sales type is estimated to expand over the forecast period. The pandemic has changed consumer perception towards possessing a property, as result, there has been a growth in demand for luxury homes, villas, as well as second homes.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Real Estate Market Outlook
• Market Size of India Real Estate Market, 2022
• Forecast of India Real Estate Market, 2029
• Historical Data and Forecast of India Real Estate Revenues & Volume for the Period 2019 - 2029
• India Real Estate Market Trend Evolution
• India Real Estate Market Drivers and Challenges
• India Real Estate Price Trends
• India Real Estate Porter's Five Forces
• India Real Estate Industry Life Cycle
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Property for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Residential for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Commercial for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Land for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Sales for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Rental for the Period 2019 - 2029
• Historical Data and Forecast of India Real Estate Market Revenues & Volume By Lease for the Period 2019 - 2029
• India Real Estate Import Export Trade Statistics
• Market Opportunity Assessment By Property
• Market Opportunity Assessment By Type
• India Real Estate Top Companies Market Share
• India Real Estate Competitive Benchmarking By Technical and Operational Parameters
• India Real Estate Company Profiles
• India Real Estate Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Property

• Residential
• Commercial
• Industrial
• Land
• Others

By Type

• Sales
• Rental
• Lease