According to Goldstein Research, “Rapid urbanization and growth of retail, hospitality and commercial real estate are the major factors for the growth of Indian property market growth.”The growth of the property market in India is well supplemented by the growth of the corporate environment and the augmented demand for office space as well as urban and semi-urban housings.
“India Property Market Outlook 2024”
India Property Market is segmented based on property type, by ownership and by investor type. Ownership type is further bifurcated into buyer and rental. Based on ownership type, buyer segment accounted for the largest market share of 75% in 2016, while the rental segment is anticipated to grow at faster pace attributed to high demand for office space by IT and ITeS, retail, consulting and e-commerce sectors.
The India property market is expected to touch USD272.0 billion by 2024. The housing sector alone contributes 5-6% to the country's Gross Domestic Product (GDP). Further, the real estate market of India is expected to attract investments worth USD 10 Billion within the next 2-3 years.
The Indian property market has witnessed high growth in recent years with the major rise in demand for office as well as residential spaces. Tier-I cities such as Mumbai, Bangalore, and Delhi-NCR are best cities for investment in real estate in India. Further, government initiatives to boost tourism in tier-II and tier-III cities of India are likely to impel the growth of hospitality real estate market in these cities.
Government Initiatives and Investments: Major Boost
Fundraising and investments in India's commercial real estate sector, which have already reached more than USD 2.5 billion in 2017, are poised to grow higher with further foreign investment of USD 1.4 billion expected, as local real estate developers and foreign investors enlarge their portfolios through fresh investments and acquisitions. Moreover, government initiatives such as the expected launch of real estate investment trusts (REITs) are likely to benefit both real estate and banking sector in expanding investor base and investment avenues respectively.
“India Property Market Outlook 2024” contains a detailed overview of the India property market in terms of market segmentation by property type, by ownership and by investor type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
India Property Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as DLF, Unitech Real Estate, Supertech, Omaxe, Oberoi Realty, Ansal API, JaypeeInfatechetc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the India property market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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