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India s real estate sector is experiencing a significant shift towards sustainability, with 82% of new Grade A office supply being green certified as of September 2023. The sector is projected to grow at an 18.7% compounded annual growth rate (CAGR) from 2020 to 2030, with a projected market size of USD1 trillion by 2030. This growth is driven by government initiatives, technological integration, sustainability measures, and increased investments. ....
The Interim Budget 2024 made no big-bang announcements, but it continued its focus on infrastructure upgrades and building connectivity across the country ....
Housing demand in India is projected to grow more than threefold and reach 93 million units by 2036, driven by robust demand and supply in tier-II and -III cities. This growth is fueled by the rapidly growing Indian population and economy, improved purchasing power of home buyers, and the inclination to buy bigger houses. The government s plans for smart cities and increasing commercial activity in emerging regions will further drive real estate growth in these markets. The real estate sector is expected to play a significant role in India s journey towards becoming the third-largest economy in the world by 2030. ....
The surge is primarily owing to the increase in demand in housing basis growth in key parameters including population in both urban and rural areas, healthy macro-economic indicators and favorable demographics, with several Tier II, III cities projected to spearhead both demand and supply. ....
Expect Tier 2 cities to gain more momentum as prime residential markets in coming months: Sudhir Pai, Magicbricks - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.