The real estate sector in India is expected to continue its steady growth in the mid-2020s, with a forecasted Gross Value Added increment from 21.79% in 2024 to 22% by 2028. This projection indicates a stable year-on-year increase, though it's relatively modest. As of 2023, the standing figure for Gross Value Added in this context should be slightly less, affirming a consistent upward trajectory.
Future trends to monitor include:
- Government policies impacting real estate development and housing schemes.
- Increase in foreign direct investments influencing construction and infrastructure projects.
- Technological advancements like PropTech revolutionizing the industry.
- Demographic shifts, such as urban migration, affecting demand patterns.
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