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In home and office, India's real estate market charting a course for growth

In the residential domain, a resurgence post-pandemic is evident, characterised by robust market demand buoyed by both buyer confidence and favourable economic conditions

Real Estate, Realty, Housing
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Aneeka Chatterjee
India’s real estate market is poised for growth across categories – residential, commercial, and rental.
 
Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
 
Digitisation, sustainability initiatives, and the evolving spending patterns of millennials are the key factors shaping the sector’s trajectory.
 
In the residential domain, a resurgence post-pandemic is evident, characterised by robust market demand buoyed by 
both buyer confidence and favourable economic conditions.

Developers

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First Published: May 31 2024 | 6:00 AM IST

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