In 2023, the Real Estate Gross Value Added (GVA) in India was valued at 626.94 billion USD. Analyzing forecasted data, the GVA is expected to reach 649.65 billion USD in 2024, marking a 3.6% year-on-year increase. Subsequent years continue this upward trend with a 3.7% increase in 2025 and a 3.5% rise in 2026. From 2026 to 2027, the GVA is projected to grow by 3.4%, and by 2028, an additional 3.2%, bringing the total to 744.26 billion USD. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 stands at approximately 3.5%.
Future trends to watch for include:
• Urbanization driving real estate demand in urban areas.
• Government policies and reform initiatives influencing market dynamics.
• Technological advancements and digital transformation in the real estate sector.
