PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500735
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500735
India Realty Market Size Almost Doubles at Robust CAGR of more than 12% to Surpass Whopping USD 1.07 Trillion by 2030
India Realty Market is booming due to the exploding urban population, rising disposable incomes, and the government's supportive initiatives for housing development.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Realty Market size at USD 563.24 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Realty Market size to expand at a CAGR of 12.06% reaching a value of USD 1,075.16 billion by 2030. The Realty Market in India is propelled by the increasing residential, retail, hospitality and commercial sectors and rapid urbanization. The sector serves as a crucial employment generator, attracting substantial investments from non-resident Indians (NRIs) and contributing to the country's GDP. FY23 witnessed a surge in residential property sales, with robust increases in both value and volume. Also, the retail landscape is set for substantial development, with significant retail space additions in top cities. Office space demand remains strong, driven by sectors such as banking, financial services, insurance (BFSI), technology, and engineering. Notably, the increasing demand for data centers and the growing trend of commercial real estate transactions further propel the market growth.
Impact of Escalating Geopolitical Tensions on India Realty Market
Geopolitical tensions can have a multifaceted impact on the India Realty Market. Heightened uncertainties and geopolitical risks often lead to investor caution, resulting in reduced investment inflows into the real estate sector. Foreign direct investment (FDI) may decline, impacting large-scale development projects and infrastructure investments. Moreover, geopolitical instability can disrupt global economic dynamics, affecting India's trade relations and overall economic growth. This can subsequently influence consumer confidence and sentiment in the real estate market, leading to subdued demand and potentially dampening property prices. Navigating these challenges necessitates proactive risk management strategies and a resilient approach to market dynamics.
India Realty Market
Segmental Information
India Realty Market - By Location
Based on location, the India Realty Market is divided into Tier 1 Cities, Tier 2 & 3 Cities, and Rural Areas segments. The Tier 1 cities segment holds the highest share in the India Realty Market by location. It is primarily due to their economic significance, robust infrastructure, and high population density. Cities like Mumbai, Delhi, Bengaluru, and Chennai are major commercial and financial hubs, attracting significant real estate investments. These cities offer ample employment opportunities, superior connectivity, and advanced amenities, making them prime locations for residential, commercial, and industrial developments. Consequently, Tier 1 cities dominate the real estate market, driving demand and contributing substantially to the sector's overall growth.
Competitive Landscape
The India Realty Market is fragmented, with numerous players serving the market. The key players dominating the India Realty Market include Godrej Properties, Prestige Estates Project Ltd, DLF, Oberoi Realty Limited, Sobha, Indiabulls Real Estate, Sunteck Realty, Phoenix Mills, Lodha Group, NBCC Ltd, Tata Housing, Embassy Office Parks REIT, and Brigade Group. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Realty Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Realty Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.