real estate

Indian Real Estate Market to increase by 12X to 5.8 trillion: Report.

“India’s real estate sector is expected to expand to USD 5.8 trillion or USD 5,833 billion by 2047. This estimated real estate output value will contribute 15.5 per cent to the total economic output in 2047 from an existing share of 7.3 per cent,” Naredco-Knight Frank said in a statement.

When India celebrates 100 years of independence in 2047, it is predicted that its economy will be between USD 33 trillion and USD 40 trillion in size.

For research purposes, Knight Frank has assumed that the Indian economy will increase on average to a value of USD 36.4 trillion by 2047. The size of the residential real estate market is predicted to increase, from USD 299 billion last year to USD 3.5 trillion (USD 3,500 billion) in 2047.

The office real estate industry is projected to increase in size from USD 40 billion to USD 473 billion, and the warehousing sector is projected to increase from USD 2.9 billion to USD 34 billion.

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“Real estate will be a major driver of the Indian economy’s significant growth by 2047. According to Rajan Bandelkar, president of NAREDCO India, “a multifold economic expansion will boost demand across all asset classes, including residential, commercial, warehousing, industrial land developments, etc. at a multiplier rate to accommodate the growing needs of the economy and consumer needs of the individual consumers.”

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According to Niranjan Hiranandani, National Vice Chairman of Naredco, the domestic economic environment is favourable in India, with economic resilience, strengthened infrastructure growth plans, alternative investment models, and domestic consumption power driving northbound growth in the real estate sector.

He said that factors including India’s favourable demographics, rising corporate and investment confidence, and government policy initiatives to encourage high-value output industries like manufacturing and infrastructure will strongly assist the country’s economic growth.

Over the past 20 years, private equity (PE) investments in the Indian real estate market have steadily increased.

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