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A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
At present, MMR has 154 high-rise towers of more than 40 floors each and over 200 buildings are expected to come up in the city till 2030, according to Anarock.
Investors and startup founders are noticing a trend: D2C businesses across various sectors, like fashion, electronics, and food and beverage, are opening physical stores (going offline) even after their initial funding round.
Adani Group’s real estate business is fairly new—just 14 years old. But it is fast becoming a key mover and shaker in India’s booming real estate market. In fact, the company has the potential to become India’s largest developer. We tell you why.