India Real Estate Market is Expected to Register a 7.27% CAGR Through 2030

Urbanization and Population Growth and Government Policies & Reforms are likely to propel the market during the forecast period.

According to TechSci Research report, “India Real Estate Market – By Region, Competition, Forecast and Opportunities, 2020-2030F”, India Real Estate Market was valued at USD 263 Billion in 2024 and is expected to reach USD 404 Billion by 2030 with a CAGR of 7.27% during the forecast period.

India’s rapid urbanization is one of the primary drivers of its real estate market. With a population of over 1.4 billion people, the country is experiencing a steady shift from rural to urban areas in search of better employment opportunities, education, healthcare, and lifestyle amenities. According to reports, India's urban population is expected to reach 600 million by 2030, leading to increased demand for residential and commercial properties.

The rise of metropolitan cities such as Mumbai, Delhi, Bengaluru, and Hyderabad has fueled real estate expansion, with a growing need for housing, office spaces, and infrastructure development. Tier 2 and Tier 3 cities are also witnessing significant real estate growth due to government initiatives like Smart Cities Mission and improved connectivity.

Urbanization has also led to an increase in disposable incomes and changing lifestyle preferences, boosting demand for luxury apartments, gated communities, and high-end commercial spaces. Moreover, the migration of young professionals and nuclear families has increased the demand for rental housing, giving rise to co-living spaces and affordable housing projects. As more people move to urban areas, real estate developers are continuously working on new projects to meet the rising demand, making urbanization a crucial factor driving India's real estate sector.

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Based on Business, Sales held the largest market share in 2024.  With increasing urbanization, population growth, and rising income levels, more individuals and families aspire to own homes rather than rent. Government initiatives such as Pradhan Mantri Awas Yojana (PMAY) and lower home loan interest rates have made homeownership more accessible, leading to high sales volumes in the residential segment.

Real estate is considered one of the most stable and lucrative investment options in India. Many individuals invest in property for long-term appreciation, rental income, and financial security. With limited alternative investment avenues offering similar returns, real estate sales continue to surge.

Developers frequently offer discounts, flexible payment plans, and attractive financing options to boost sales, especially in under-construction projects. These strategies encourage buyers to invest in property rather than opting for rental housing.

The expansion of IT parks, office spaces, and co-working hubs has driven sales in commercial real estate. Businesses prefer to purchase office spaces in key locations to secure long-term cost benefits, further fueling the dominance of sales in the sector.

Based on region, North India is one of the fastest-growing regions in the Indian real estate market, driven by several key factors including economic growth, urbanization, infrastructure development, and government initiatives. The region comprises major cities such as Delhi, Gurgaon, Noida, Chandigarh, Jaipur, and Lucknow, which are witnessing rapid growth in residential, commercial, and industrial sectors.

One of the primary drivers of North India's real estate growth is urbanization. Cities like Delhi NCR (National Capital Region), which includes Gurgaon and Noida, have become major business hubs, attracting professionals and investors from across the country. The increasing number of working professionals, particularly in the IT, finance, and service sectors, is fueling the demand for housing, office spaces, and retail establishments. This demographic shift is also driving the demand for affordable housing and integrated townships in the region.

Infrastructure development plays a crucial role in North India's growth. The construction of highways, metro rail systems, and international airports, especially in Delhi and its satellite cities, has significantly improved connectivity, making suburban areas more attractive for residential and commercial real estate. The Delhi-Mumbai Industrial Corridor (DMIC) and other industrial hubs in Uttar Pradesh, Haryana, and Rajasthan are also contributing to the region's real estate boom by attracting industries and manufacturing units, thus creating a demand for both residential and industrial spaces. Additionally, government initiatives such as the Smart Cities Mission, Pradhan Mantri Awas Yojana (PMAY), and rapid urbanization have provided a boost to North India's real estate market. The region has also benefited from foreign direct investment (FDI), particularly in commercial properties and retail spaces.

Major companies operating in the India Real Estate Market are: 

• Godrej Properties Limited
• Oberoi Realty Limited
• Sobha Limited
• Tata Housing Development Company Limited
• Mahindra Lifespace Developers Limited
• Brigade Enterprises Limited
• Hiranandani
• Puravankara Limited 

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“The Indian real estate market presents significant growth opportunities driven by rapid urbanization, a growing middle class, and strong infrastructure development. With increasing demand for affordable housing, government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) provide a boost to residential real estate. The rise of commercial spaces, co-working hubs, and industrial parks further enhances investment prospects. Additionally, the expansion of Real Estate Investment Trusts (REITs) is attracting institutional and retail investors. Advancements in PropTech, smart homes, and digital transactions are reshaping the sector, making it more transparent and efficient. Overall, India’s real estate market remains a lucrative investment avenue.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm. 

“India Real Estate Market, By Property Type (Residential, Commercial, Land, Others), By Business (Sales, Rental, Lease), By Mode (Online, Offline) By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Real Estate Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Real Estate Market.

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