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12 September, 2023
The Indian real estate market is currently in an unprecedented phase of growth, reaching all-time highs. Projections for the next 25 years indicate a bullish trajectory in the market. Between 2023 and 2047, India's property market is poised to experience one of its most remarkable periods of expansion.
A significant portion of India's population in their mid-30s is actively seeking new property acquisitions, further fueling the segment's growth. Simultaneously, both investors and homebuyers are capitalizing on this growth potential with well-defined entry and exit strategies, channeling substantial funds into the real estate market.
An intriguing shift in the real estate industry is the increasing involvement of professional management companies like Blackstone and Brookfield in managing commercial properties, closely monitored by SEBI. Various segments within the commercial real estate sector, such as warehousing, data centers, and logistics, have seen significant growth. Experts predict that the next 25 years will be characterized by a bullish real estate market in India.
In the aftermath of the pandemic, the industry has undergone a transformation, resulting in a surplus of ready-to-move properties available for sale. Consumers with purchasing power and those who were once fence-sitters are now making their move, seizing the opportunity to purchase affordable homes at reasonable prices.
The demand for rental properties is also on the rise, driven by millennials and corporate professionals looking to capitalize on these opportunities. Thanks to the Real Estate (Regulation and Development) Act (RERA), property developers are more proactive in completing launched projects on time. The concept of investing in newly launched and under-construction projects is gaining traction. As Indian cities rapidly urbanize, project planning and infrastructure development are also accelerating.
With the nation's rapid urbanization set to continue in the coming decades, the Indian property market appears to be in excellent shape for the next 25 years. Property investors are well-positioned to take advantage of the industry's growth and ride the wave of this golden era.