India Residential Real Estate Market Size, Share, Growth
The Indian residential real estate market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027. The rapid urbanization of people in search of better employment opportunities and quality living standards creates the need to build more residential spaces for comfortable living.
Supporting government policies and programs such as Pradhan Mantri Awas Yojna, the Union Ministry of Housing and Urban Affairs program that aims to build the 20 million affordable housing units in urban areas, are expected to help the market grow. residential real estate. . The increase in the disposable income of middle-class families increases the accessibility of consumers to purchase homes and apartments. The construction industry is experiencing a boost due to the presence of policies to support infrastructure development which, in turn, should influence the growth of the residential real estate market. The presence of low mortgage rates and the provision of financial support from leading institutions to increase consumer affordability is accelerating demand in the residential real estate market. The government grants tax deductions on home loan interest and tax exemptions for affordable housing projects. In addition, the application of real estate in 2016 in the state of Jammu and Kashmir has enabled citizens to purchase land and non-agricultural properties, which is expected to fuel the growth of the residential real estate market over the years. next five years.
The Indian residential real estate market is segmented into type, category, mode, regional distribution and business. Depending on the mode, the market can be divided into online and offline. The online segment is expected to experience the fastest incremental growth during the forecast period, FY2023-FY2027. Growing digitization across the country to increase transparency and speed up the home allocation process is expected to pave the way for the growth of online channels to buy and sell residential space to consumers.
The major players operating in the Indian residential real estate market are Sunteck Realty Ltd., Omaxe Ltd., Godrej Properties Ltd., Phoenix Mills Ltd., Oberoi Realty Ltd., Brigade Enterprises Ltd., NBCC India Ltd., Prestige Estates Projects Ltd. ., Indiabulls Real Estate Ltd., DLF Ltd. and others. Large companies are developing cutting-edge technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers and acquisitions and the development of new services.
Years considered for this report:
Historical years: FY2017-FY2020
Reference year: fiscal year 2021
Estimated year: FY2022
Forecast period: FY2023 â FY2027
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Goal of the study:
To analyze the historical growth in the size of the Indian residential real estate market from fiscal year 2017 to fiscal year 2020.
Estimate and forecast the market size of the Indian residential real estate market from FY2021 to FY2027 and the growth rate to FY2027.
Classify and forecast the Indian residential real estate market based on type, category, mode, regional distribution and company.
Identify the dominant region or segment of the Indian residential real estate market
Identify the drivers and challenges of the Indian residential real estate market
Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Indian residential real estate market.
Identify and analyze the profile of the main players operating in the Indian residential real estate market.
Identify the main sustainable strategies adopted by market players in the Indian residential real estate market.
TechSci Research performed both primary and comprehensive secondary research for this study. Initially, TechSci Research searched for a list of manufacturers and service providers around the world. Subsequently, TechSci Research conducted primary research surveys of the identified companies. During the interviews, respondents were also asked about their competitors. Using this technique, TechSci Research could include manufacturers and service providers who could not be identified due to limitations in secondary research. TechSci Research analyzed the manufacturers and service providers, distribution channels and presence of all major players across the globe.
TechSci Research has calculated the market size of the Indian residential real estate market using a bottom-up approach, in which data from various end-user segments has been recorded and forecast for years to come. TechSci Research obtained these values ââfrom industry experts and company representatives and validated them externally by analyzing historical data for these types of products and applications to arrive at an appropriate overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also investigated by TechSci Research.
Click here to download the sample: https://www.techsciresearch.com/sample-report.aspx?cid=7951
Key target audience:
Residential real estate manufacturing and service companies
Market studies and consulting firms
Government bodies such as regulators and policy makers
Organizations, forums and alliances related to the residential real estate market
The study is useful in providing answers to several critical questions that are important to industry players such as manufacturers, service providers, suppliers and partners, end users, etc., in addition to enabling them develop investment strategies and capitalize on market opportunities.
Press release : https://www.techsciresearch.com/news/6501-india-residential-real-estate-market.html
Scope of the report:
In this report, the Indian residential real estate market has been segmented into the following categories in addition to industry trends which have also been detailed below:
India Residential Real Estate Market, By Type:
Residential Real Estate Market in India, By Category:
Apartments & Apartments
Individual houses or private accommodation
Residential real estate market in India, by mode:
Residential Real Estate Market in India, By Region:
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