India Real Estate Market By Property Type (Residential, Commercial, Land, and Industrial), By Business (Sales, Rental, and Lease), By Region, Competition, Forecast and Opportunities, 2029F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Real Estate Market By Property Type (Residential, Commercial, Land, and Industrial), By Business (Sales, Rental, and Lease), By Region, Competition, Forecast and Opportunities, 2029F
India real estate market is anticipated to grow at a high CAGR during the forecast period of 2025-2029, owing to the growing demand for real estate in both urban and semi-urban areas across India. Moreover, expansion of e-commerce industry has boosted the demand for warehouse facilities. Furthermore, implementation of 5G services and regulations by the government for data centre are boosting the demand for India real estate market.
Real estate refers to the property in form of lands and buildings. It involves buying, selling or renting real estate (land, buildings, or housing). According to India Brand Equity Foundation (IBEF), real estate is expected to grow from USD 1.72 billion (Rs. 12,000 crore) in 2024-2032 to USD 9.30 billion (Rs. 65,000 crore) in 2040. During the first nine months of FY 2022, the country witnessed land deals of more than 1,700 acres in top eight cities. The real estate sector contributed approximately 7% in FY2024-2032 and is expected to rise to 13% during FY2025.
Rising demand for Data Centers to boost India Real Estate Market
As India goes digital, the country has seen a sharp rise in number of online payments, companies implementing permanent work from home, rise in number of over-the-top (OTT) platform & users and online education system. All these platforms gather bytes of data which needs to be stored, thus driving the demand for data centers. This has prompted the Indian government along with the state government to make regulations and inaugurating data center hubs in the country. According to India Brand Equity Foundation (IBEF), real estate demand for data centers is expected to be grown by 15-18 million sq. ft. by the end of 2025. Various Indian and International Data Centers firms are investing in the Indian market. For instance, Bharti Airtel Group in January announced that it would be investing USD 234.60 million for setting up a large hyperscale data center through its data center subsidiary Nxtra Data Centers in Telangana. Through this investment, Bharti Airtel is looking to increase its footprint in the state. Moreover, Adani Group announced investment of USD 2660.50 million in the month of May. The proposed data center would have an integrated business park in the state of Telangana.
Increasing Demand for Affordable Housing to boost India Real Estate Market
NRI investments in Indian real estate have doubled, thus expected to drive the India Real Estate Market
The proportion of non-resident Indians (NRIs) in the Indian property market is anticipated to double since the Covid-19 pandemic. DLF is looking to put more emphasis on the NRI market. With the exception of the Middle East and Southeast Asia, where the NRIs are currently based, the United States is one of our largest markets. According to a recent survey conducted by India Sotheby's International Realty, a significant number of high-net-worth individuals (HNIs), many of whom are non-resident Indians (NRIs), intend to purchase luxury real estate in India within the next two years. They think now is a good time to buy bigger homes in their own country. NRIs can now more easily invest in Indian real estate due to the strength of the dollar against the Indian rupee. Condominiums, branded homes, luxury villas, and vilaments have been purchased by non-resident Indians. The number of non-resident Indians looking to invest in Indian real estate has increased as a result of the digitization of procedures, advantageous currency changes, indexation benefits for properties held in India, and an easy tax system.
Reduction In Interest Rates and Stamp Duty is expected to boost the India Real Estate Market
Recent Developments
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Market Segmentation
India Real Estate Market is segmented based on property type, business, and region. Based on property type, the market is divided into residential, commercial, land, and industrial. Based on business, the market is divided into sales, rental, and lease. Based on region, the market is divided into North India, South India, East India, and West India.
Market Players
Major market players of India Real Estate Market are DLF Limited, Godrej Properties Limited, Brigade Enterprises Limited, Oberoi Realty Limited, Prestige Estates Projects Limited, Lodha Developers Limited, Tata Realty and Infrastructure Limited, Hiranandani Group, Mahindra Lifespace Developers Limited, Phoenix Mills Limited
| Attribute | Details |
| Base Year | 2023 |
| Historic Data | 2024-2032 – 2022 |
| Estimated Year | 2024 |
| Forecast Period | 2025 – 2029 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2024-2032-2023 and 2024-2029 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Property Type Business Region |
| Regional scope | North India, South India, East India, West India |
| Key companies profiled | DLF Limited, Godrej Properties Limited, Brigade Enterprises Limited, Oberoi Realty Limited, Prestige Estates Projects Limited, Lodha Developers Limited, Tata Realty and Infrastructure Limited, Hiranandani Group, Mahindra Lifespace Developers Limited, Phoenix Mills Limited. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| 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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