India residential real estate
market is expected to grow at a significant CAGR in the forecast period,
FY2023-FY2027. The rapid urbanization of people in search of better job
opportunities and quality living standards is creating the need to construct more
residential spaces for comfortable living. Supportive government policies and
schemes such as Pradhan Mantri Awas Yojna which is the scheme of the Union
Ministry of Housing and Urban Affairs that aims to build the 20 million
affordable houses in the urban areas is expected to contribute to the growth of
the residential real estate market. The increase in the disposable income of
middle-class families is increasing the affordability of consumers to buy
houses and flats. The construction industry is witnessing a boost due to the
presence of supportive policies for infrastructural development which in turn
is expected to influence the residential real estate market growth. The
presence of low mortgage rates and the offering of financial support from
prominent institutions to increase the affordability of the consumers is
accelerating the demand of the residential real estate market. The government
is providing tax deductions on interest on the housing loan and tax holidays
for affordable housing projects. Also, the application of real estate, 2016 in
the state of Jammu and Kashmir has enabled the citizens to buy non-agricultural
land and property which is expected to fuel the growth of the residential real
estate market in the next five years.
India residential real estate
market is segmented into type, category, mode, regional distribution, and
company. Based on the mode, the market can be bifurcated into online &
offline. The online segment is expected to witness the fastest incremental growth
in the forecast period, FY2023-FY2027. Growing digitization across the country
to increase transparency and speed up the process of house allocation is
expected to pave the way for the growth of the online channels to buy and sell
residential spaces to consumers.
The major players operating in the
India residential real estate market are Sunteck Realty
Ltd., Omaxe Ltd., Godrej Properties Ltd., Phoenix Mills Ltd., Oberoi Realty
Ltd., Brigade Enterprises Ltd., NBCC India Ltd., Prestige Estates Projects Ltd.,
Indiabulls Real Estate Ltd., DLF Ltd., and others. Major companies are
developing advanced technologies and launching new services to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
Study:
- To analyze the historical growth of the market
size of India residential real estate market from FY2017 to FY2020.
- To estimate and forecast the market size of India
residential real estate market from FY2021 to FY2027 and growth rate until
FY2027.
- To classify and forecast India residential
real estate market based on type, category, mode, regional distribution,
and company.
- To identify dominant region or segment in the India
residential real estate market
- To identify drivers and challenges for India residential
real estate market
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
residential real estate market.
- To identify and analyze the profile of leading
players operating in India residential real estate market.
- To identify key sustainable strategies adopted
by market players in India residential real estate market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers and service providers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers and service providers who could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufacturers
and service providers, distribution channels and presence of all major players
across the globe.
TechSci Research calculated the market size of India residential real estate market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Residential real estate manufacturing
and service provider companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to residential real estate market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, service providers, suppliers and partners, end users,
etc., besides allowing them in strategizing investments and capitalizing on
market opportunities.
Report Scope:
In this report, India residential
real estate market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
India Residential Real Estate Market,
By Type:
- India Residential Real Estate Market, By Category:
- Flats & Apartments
- Individual Houses or Private Dwellings
- Condominium
- Townhouses
- Others
- India Residential Real Estate Market, By Mode:
- India Residential Real Estate Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India residential real estate market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India residential real
estate market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]