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The Indian Real Estate Market

The Indian real estate market was significantly impacted by the global economic recession but has since recovered, driven by growing business needs, housing demand, and government policy changes. While the market remains fragmented, major growth is seen not just in large cities but also smaller cities due to infrastructure development and companies moving operations there. The future of the Indian real estate market looks promising, with affordable housing expected to be a key driver of growth as the population and housing needs increase.

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42 views2 pages

The Indian Real Estate Market

The Indian real estate market was significantly impacted by the global economic recession but has since recovered, driven by growing business needs, housing demand, and government policy changes. While the market remains fragmented, major growth is seen not just in large cities but also smaller cities due to infrastructure development and companies moving operations there. The future of the Indian real estate market looks promising, with affordable housing expected to be a key driver of growth as the population and housing needs increase.

Uploaded by

malasanisreelakshmi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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The Indian Real Estate Market- Post

Recession
The Global Economic Meltdown reverberated across nations and created mayhem
touching sore-spots of huge organizations and closure to many others. India too did
not remain untouched. Several vital sectors of the economy faced serious issues

including the Indian Real Estate market which


faced a massive plunge in demand.

However, in about a year since the first signs of economic recovery, the real estate
industry has been one of the first industries to recuperate from the recession and
move forward to the path of progress. This can be attributed to growing
outsourcing and off shoring business needs, huge demand in the housing sector,
increasing income of the younger generation, liberalization of the Government
policies, etc.

According to a study by Pricewaterhouse Coopers and Urban Land Institute, India


is one of the Leading Real Estate Destinations in Asia. Today, Real Estate can be
said to be one of the hottest investment sectors in the country owing to heavy
infrastructural developments. This tremendous growth is visible not only in the
Tier-I cities, but also the Tier-II and Tier-III cities. Currently, most major multi-
national organizations are shifting their operations to smaller cities and this has led
to skyrocketing property prices.

We have to admit that in spite of such exponential growth shown by this sector, we
do have our minuses. The Indian Real Estate market in India remains largely
unorganized and fragmented due to the large number of small local players in the
market. There is no accurate data or statics to reveal the exact position of the
industry as well. However, easy and better access to debt and capital market is
aiding the industry.

The Future of Indian Real Estate

The Indian Real Estate Market has shown a good come-back and continues to
grow. The IT and ITES companies which were the major catalysts in the growth of
Indian Real Estates, will take some more time to move forward in full-swing.
Hence, we can expect improved growth towards the beginning of the next financial
year.

The increasing population level, leading to a huge shortfall of middle-class housing


has created substantial opportunities in the Affordable Housing segment or the
Low-Cost Housing segment. This is expected to be the primary growth driver in
the coming few months. On an ending note, we can conclusively say that despite
setbacks from the recession, the Real Estate sector in India looks poised for a
period of boom and smart investors should sense it around the corner.

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