Delve into India’s thriving real estate market, valued at a staggering USD 120 billion, constituting a robust 7% of the nation’s GDP and employing over 50 million individuals. The sector’s dynamism is fueled by rapid urbanization and the surging demand for office spaces, positioning India as a leading IT services hub. With India securing the top spot on the Kearney Global Service Location Index 2021, there’s never been a more opportune time to explore the real estate sector.
Forecasts anticipate substantial growth, projecting that by 2025, the sector will contribute a notable 13% to India’s GDP. Real estate’s multifaceted linkages with various economic segments underscore its pivotal role in the nation’s economic landscape. The implementation of the Real Estate (Regulation and Development) Act in 2016, bolstered by the Real Estate Regulation Authority (RERA), has played a pivotal role in stimulating investments and regulating commercial real estate transactions across India.