In 2023, the real estate sector's contribution to India's Gross Value Added (GVA) was a key metric up for analysis. Moving forward, the forecasted data indicates a declining trend in the sector's contribution to GVA from 2024 to 2028. By examining the year-on-year variations, we note a decrease of 21.4% from 2024 to 2025, followed by a 25% drop from 2025 to 2026, 36.6% from 2026 to 2027, and 53.8% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years suggests an annual average decline.
Future trends to watch for include the potential impacts of policy changes, urbanization rates, and shifts in investment patterns within the sector. Adjustments in housing demand and government incentives can also significantly influence real estate's contribution to GVA in the upcoming years.
