Advantage India
Robust
Demand
*According to Savills India, real estate demand for data centres is expected to increase by 15-18 million sq. ft. by 2025.
*In 2023, luxury home sales in India surged by 75%, doubling their share in total housing sales.
*Organized retail real estate stock is expected to increase by 28% to 82 million sq. ft. by 2023.
Attractive
Opportunities
*The real estate sector shows promise with a projected 9.2% CAGR from 2023 to 2028. 2024 is expected to drive growth with urbanization, rental market expansion, and property price appreciation.
*Private market investor, Blackstone, which has significantly invested in the Indian real estate sector (worth Rs. 3.8 lakh crore (US$ 50 billion), is seeking to invest an additional Rs. 1.7 lakh crore (US$ 22 billion) by 2030.
Policy
Support
*Driven by increasing transparency and returns, there’s a surge in private investment in the sector.
*The Government has allowed FDI of up to 100% for townships and settlements development projects.
*In Budget 2024-25, PM Awas Yojana Urban 2.0 will address housing needs for 1 crore urban poor and middle-class families with a Rs. 10 lakh crore (US$ 120.16 billion) investment.
Increasing
Investments
*The new framework for Small and Medium Real Estate Investment Trusts (SM REITs) has been praised by the realtors' association CREDAI, stating that it will enhance the flow of funds into the Indian real estate market.
*Foreign investors pump around US$ 3.1 billion yearly into Indian real estate, with a 37% YoY increase in the first half of 2024.
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