India’s Real Estate sector, valued at ₹22 trillion in 2023-24, is a significant contributor to the country’s economy, accounting for around 8% of GDP. With rapid urbanization and growing middle-class demand, the sector is expected to witness substantial growth in both residential and commercial segments.
Why Invest in the Real Estate Sector
- Urbanization: India’s urban population is projected to reach 600 million by 2031, driving demand for housing and commercial real estate
- Government Support: Policies like PMAY, Smart Cities Mission, and RERA are promoting affordable housing, transparency, and infrastructure development.
- Economic Growth: Rising disposable incomes, infrastructure development, and increased investments make the sector attractive for long-term growth.
Incentives & Schemes
- Pradhan Mantri Awas Yojana (PMAY): Focuses on providing affordable housing for all by 2024 with ₹48,000 crore allocated.
- Smart Cities Mission: ₹48,000 crore allocated to develop 100 smart cities with modern infrastructure and facilities.
- Real Estate (Regulation & Development) Act (RERA): Ensures transparency and accountability in the real estate market, protecting consumer interests.
Highlights
- Residential Growth: The demand for residential real estate is driven by urbanization, rising income levels, and government schemes.
- Commercial Growth: The commercial real estate market is growing with the rise in office spaces, industrial parks, and logistics hubs.
- FDI Inflows: The sector attracted over $40 billion in FDI over the past decade.
Real Estate Sector Data
| Category |
Details |
| Market Size (2023-24) |
₹22 trillion |
| Residential Segment |
70% of the market share |
| Commercial Real Estate Growth |
9% CAGR expected by 2030 |
| PMAY Allocation |
₹48,000 crore |
| Smart Cities Mission Allocation |
₹48,000 crore |
| FDI in Real Estate |
$40 billion over the last decade |
| Urban Population Growth |
Expected to reach 600 million by 2031 |
| CAGR of Real Estate |
8% (2024-2030) |
| Affordable Housing Units Under PMAY |
1.12 crore houses by 2024 |
