The latest report by IMARC Group, titled “India Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the real estate market size in india. The report also includes competitor and regional analysis, and contemporary advancements in the market.
India Real Estate Market Outlook:
The India real estate market is expected to exhibit a growth rate (CAGR) of 9.2% during 2023-2028. Real estate refers to property that consists of land and improvements, such as buildings, fixtures, roads, structures, and utility systems. It includes various phases of property dealings, including developing, selling, buying, leasing, and management processes in the industrial and residential sectors. Additionally, it comprises undeveloped property, vacant land, and housing for individuals and families, such as single-family homes, apartments, condominiums, fourplexes, triplexes, and townhouses.
Besides this, it also involves commercial properties, such as shopping malls, office buildings, medical centers, hotels, and industrial buildings that are used for, research, and development (R&D), construction, logistics, warehousing, and transportation. The demand for real estate is increasing among the masses as it provides numerous benefits, including good returns, tax benefits, long-term security, diversification, passive income, building capital, and protection against inflation.
India Real Estate Market Trends:
The escalating demand for residential properties is driving the market in India. This can be attributed to the rising population level and the increasing preference for secondary income sources among individuals. Moreover, the growing demand for contemporary office spaces and the emerging trend of urban and semi-urban lodging are catalyzing the market. Besides, ongoing technological advancements, such as the integration with artificial intelligence (AI) and the Internet of Things (IoT), are fostering the demand since they offer a centralized platform for storing documents and maintaining emails and messages of online rent payments.
Furthermore, numerous initiatives undertaken by the government, such as growing investments in smart city projects and tax exemption for interest on housing loans, are creating a positive market outlook. Other factors, including inflating disposable income levels of the masses and the emergence of the e-commerce sector, are also influencing the market across India.
Key Market Segmentation Breakup by:
Property:
- Residential
- Commercial
- Industrial
- Land
Business:
- Sales
- Rental
Mode:
- Online
- Offline
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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