According to the latest report by IMARC group, titled “India Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” the India real estate market size reached US$ 256.8 Billion in 2022. Real estate refers to physical or tangible property, encompassing land along with anything permanently attached to it, such as buildings, houses, and natural resources like water and minerals. It is one of the oldest and most critical economic sectors, serving a wide array of purposes including residential, commercial, and industrial activities. It is immovable, once a structure is built on a piece of land, it cannot be relocated. It is durable, as it has a long, useful life, and some buildings can stand for centuries. It is a scarce resource, there is a finite amount of land available, and its value is dictated by supply and demand dynamics. The features of real estate can be examined from different aspects. From an investment standpoint, it is a high-value investment, often providing stable long-term returns. It is also subject to market fluctuations, requiring careful analysis for purchase or sale. Real estate's value can appreciate over time, unlike some other assets that depreciate. The real estate market is regulated by laws concerning property ownership, leasing, transfer, and zoning, providing a legal framework for transactions.
India Real Estate Market Trends:
The rapid urbanization represents one of the key factors driving the market growth of real estate in India. In addition to this, the population growth is significantly contributing to the market growth. Moreover, favorable government policies and initiatives play a crucial role in driving the market growth of real estate in the country. Coupled with this, the availability of affordable housing schemes and initiatives cater to the housing needs of the middle and lower-income segments of society. Besides this, growth of the Indian economy and increasing disposable incomes, especially of the urban population, are increasing the purchasing power of individuals, leading to a higher demand for real estate properties. In addition to this, the development of infrastructure, such as metro rail projects, highways, and connectivity improvements, are driving the growth of real estate market in India. Furthermore, the growth of the retail and e-commerce sectors is leading to an increased demand for commercial spaces, warehouses, and logistics centers, thereby driving the market growth. Moreover, the entry of international players and increased foreign direct investment (FDI) in the real estate sector are boosting the market growth of real estate in India. The rising focus on sustainable and green buildings is creating a positive market outlook. The emergence of real estate investment trusts (REITs) is providing a new investment avenue for both domestic and international investors, thereby contributing to the market growth across the country. Looking forward, IMARC Group expects the market to reach US$ 780.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.
Market Summary:
- Based on the property, the market has been classified into residential, commercial, industrial, and land. Currently, residential holds the largest market share.
- On the basis of the business, the market has been bifurcated into sales and rental. Currently, sales hold the largest market share.
- Based on the mode, the market has been segregated into online and offline.
- On the geographical front, the market has been segmented into North India, West and Central India, South India, and East India. Currently, West and Central India hold the largest market share.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of the key players are Brigade Enterprises Limited, DLF Limited, Experion Developers Private Limited, Godrej Properties Limited (Godrej Industries Limited), Jaypee Infratech Ltd. (Jaiprakash Associates Limited), Lodha Group, Merlin Group, Oberoi Realty Limited, PNC Infratech Limited, Prestige Estates Projects Limited, SOBHA Limited, and Sunteck Realty Limited.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
Units |
US$ Billion |
Segment Coverage |
Property, Business, Mode, Region |
Region Covered |
North India, West and Central India, South India, East India |
Companies Covered |
Brigade Enterprises Limited, DLF Limited, Experion Developers Private Limited, Godrej Properties Limited (Godrej Industries Limited), Jaypee Infratech Ltd. (Jaiprakash Associates Limited), Lodha Group, Merlin Group, Oberoi Realty Limited, PNC Infratech Limited, Prestige Estates Projects Limited, SOBHA Limited, and Sunteck Realty Limited |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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