REAL ESTATE MARKET OVERVIEW & OUTLOOK

Investment Opportunities and Market Insights

India’s Economic Growth & Real Estate Sector

India’s Economic Landscape:

  • India’s avg GDP Growth is 6.5+% YoY.
  • India will be the 3rd largest economy by 2025.
  • World’s largest human resources: A valuable Asset.

Domestic Demand & GDP

  • 66% of India’s GDP is driven by the domestic demand.
  • Projected GDP is 26 Trillion USD by 2047
  • Six fold increase in per capita income by 2047

Workforce and Real Estate Sector

  • 21% global workforce by 2047.
  • Real Estate Sector: 2nd highest employment generator.
  • Expected Market Size: US$ 1 trillion by 2030.
  • Real Estate Sector contribute 13% GDP by 2025.

RERA - Ensuring Transparency

  • RERA: Real Estate Regulatory Authority.
  • Ensures transparency, accountability and buyer protection.
  • Game Changer in the Real Estate Industry.
  • Regular Updates of Project status & details in RERA Portal.

Market size of the real estate industry in India in 2008 and 2017, with estimates until 2030.

Real Estate Market Overview-In India

Real Estate Sub-Sectors

  • Housing
  • Residential Plotted Land
  • Retail
  • Hospitality
  • Commercial

FY23-Property Sales

  • Rs. 3.47 Lakh Crore (US$ 42 Billion)-Residential Property Sales.
  • Robust 48% Year-on-Year Increase
  • 1,700+ Acres of Land Deals in Top Eight Cities FY-22-23

Year-on-year growth of residential property sales across India in 2022, by city.

Property Market Trends in NCR

YoY Increase in Property Prices: 17.6 to 20.3% in FY-22-23: Q2-23.
Surpassing Other Cities (Source: Financial Express, 8th August 2023).

Retail Spaces Appreciation

Appreciation of 20% higher than Last Three Years’ Cumulative Appreciation.
Expected Retail Rental Income: Breach 15% Mark Across NCR.

Office Space Market in NCR

Office Spaces Price Appreciation: 18-20% in 2023 (Highest in Gurgaon).
A-Grade Office Space Rentals: Expected Increase by 22-25% in Delhi due to high demand.