India continues to be the fastest growing economy driven by strong domestic demand, improving business environment and supportive as well as forward-looking developmental policy initiatives. As India heads towards its centenary year of independence, real estate will play a pivotal role in economic growth trajectory of the country. This long-term growth in real estate is underpinned by six salient growth levers which includes, rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification; all of which will form the bedrock for a quantum leap in Indian real estate by 2047. These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a $10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.
The interplay between real estate and India’s economic growth journey over the next few decades is explored in the latest report “Indian Real estate: The Quantum Leap” by Colliers in collaboration with the Confederation of Real Estate Developers’ Associations of India (CREDAI) and released at the CREDAI NATCON event in Sydney. Most importantly, the quantum leap will create multiple real estate hotspots in its wake. Along the accelerated journey till 2047, various real estate segments will evolve and continue to proliferate, growing and maturing by varying degrees. Core assets such as office & residential real estate are likely to mature further and alternative assets such as data centers & senior living will embark upon strong growth trajectories. Market consolidation, fairpricing and institutionalization will become more pervasive across asset classes, especially in the industrial & warehousing segment.
SHIFTING DEMOGRAPHICS AND RISING URBANIZATION TO SPUR LONG-TERM REAL ESTATE DEMAND
هذه القصة مأخوذة من طبعة October 2024 من Construction Week.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة October 2024 من Construction Week.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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HOUSING SALES IN MAJOR CITIES DROP BY 11% IN Q3 2024, SURPASSING NEW PROPERTY LAUNCHES: ANAROCK GROUP
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT
Six salient growth levers include urbanization, demographic shifts, digitalization, sustainability
GAUR NYC RESIDENCES
Group's third ultra-luxury project
HIRANANDANI WOODSPRING
Hiranandani Woodspring by House of Hiranandani, located along the Bhiwandi-Kalyan corridor is spread across 4.5 acres. The premium residential complex is set to change the skylines of Kalyan with its neoclassical and meticulously crafted towers of 25-28 storeys.
OPENING DOORS TO THE WORLD
Aluk India opened its Home Experience Centre in Bangalore. It will offer partners and customers an insight into fascinating and unique products
OVER THE TOP
Building bridges and flyovers that last decades is easy, if you follow stringent principles
RIGHT FROM UNDER
When it comes to CE, excavators beat others hands down
THE POWER OF PERSISTENCE
Amit Jain, chairman & managing director, Arkade Developers, joined his father's real estate A pretty early on in his career. While his father entered the world of real estate in 1985-86 with single stand-alone buildings, Amit quickly learnt the ropes and joined his father after completing his graduation from Mithibai College.
SUSHMA GROUP ACQUIRES 59-ACRE LAND PARCEL
The focus is on sustainable development and modern urban planning
TREVOC GROUP SETS RS 1000 CRORE TARGET
This project offers more than just luxury amenities