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Indian real estate

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real estate

Indian Real Estate Sector Poised to Cross $4.8 Trillion by 2047, PropTech to Reach $600 Billion, Says CREDAI-EY Report

India’s real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to the country’s GDP. PropTech, driven by innovations like AI and IoT, is set to grow significantly, reaching a $600 billion market size. Strategic reforms and policy changes are key to unlocking the sector’s full potential.
residential real estate

Residential Market Sees Growth in Sales and Value, Led by Luxury Segment in Q3 2024

The Indian residential real estate market saw a 2% increase in sales in Q3 2024, with a 7% rise in sales value. Luxury properties led the growth, while new supply declined, particularly in affordable and mid-range segments. The market’s resilience is reflected in the strong performance of both metro cities and Tier 2 regions.
CREDAI Investiture Ceremony

CREDAI to Celebrate 25th Foundation Day in Delhi, Launch Groundbreaking Report on Real Estate’s Role in Viksit Bharat 2047

CREDAI will mark its 25th Foundation Day on November 25th in New Delhi, with a celebration attended by industry leaders and policymakers. The event will feature the launch of a key report on the real estate sector’s contribution to India’s vision for Viksit Bharat 2047.

Rising Construction Costs to Push Home Prices Highe

Construction costs in India have surged by up to 11% in 2024, primarily due to rising labour expenses. Homebuyers can expect higher property prices, particularly in the residential sector, as developers adjust to increased building costs.
Real estate

Indian Real Estate Developers Raise Rs 12,801 Cr Through QIPs in 2024

In a notable shift post-pandemic, Indian real estate developers have successfully raised INR 12,801 crore through Qualified Institutional Placements in 2024. This surge is attributed to enhanced transparency and a robust recovery in residential sales, with significant contributions from leading firms like Macrotech Developers. As the market continues to grow, investor confidence remains strong, positioning the sector for ongoing expansion.