Forecast: Real Estate Gross Value Added in India

The Real Estate Gross Value Added (GVA) in India in 2023 stood at 37.850 Trillion Indian Rupees. From 2024 onwards, the forecasted data shows a steady increase: 38.817 in 2024, 39.869 in 2025, 40.9 in 2026, 41.91 in 2027, and 42.9 in 2028. The year-on-year variations indicate consistent growth with an average annual increase of around 2.7%. Specifically, the GVA is expected to grow by 2.68% from 2024 to 2025, 2.59% from 2025 to 2026, 2.47% from 2026 to 2027, and 2.36% from 2027 to 2028. Over the last two years, the growth rate averages out to approximately 2.4%, and the compounded annual growth rate (CAGR) over the five-year forecast period is around 2.64%.

Future trends to watch for include the impact of government policies on real estate, infrastructure development, housing demands due to urbanization, and changes in lending rates. The push for smart cities and increased foreign investments are likely to drive further growth in the sector. Additionally, sustainability trends and technological advancements in real estate services could contribute to shaping the industry's landscape.