Real Estate Hour

Real estate India – on the path to growth with increasing investments

The year 2018 has been good to the Indian real estate market. The growth witnessed has been promising and is an indicator of the boom that the market will go through in the coming years. By the year 2025, real estate India market is expected to share 13 per cent of the country’s gross domestic product, according to a report by the National Real Estate Development Council (NAREDCO) and Asia Pacific Real Estate Association (APREA).

The contribution of real estate in GDP in the year 2017 was nearly 7 per cent. A closer look at the expected growth reveals that it is set to increase by around 1 per cent per year. By 2030, the valuation of realty market is expected to be $1 trillion.

Foreign direct investment (FDI), which is another major aspect related to India’s growth and real estate sector, is also proof of the growth in the realty market. Investcorp, the Bahrain based global alternative asset manager is planning to triple its assets under management to $1.5 billion by 2022 from $450 million at present, according to India Times.

Investcorp will also focus on warehousing, commercial real estate and consumer technology companies. “One of the most important new markets for us is India. We have watched for years the direction India has taken, the reforms that are happening and the pro-business and pro-investment spirit,” said Mohammed Alhardi, executive chairman of the company.

Furthermore, real estate in India is not only reeving love from investors overseas, but also undergoing changes when it comes to domestic companies focusing more on property. Mahindra Lifespace Developers, the reality firm belonging to Mahindra Group has acquired a 7 acre land in Pune for a housing project.

A statement release by the company said, “As part of its pursuit to acquire land for business growth, the company has executed an agreement to acquire approximately seven acres of land in Pune. The sale deed will be executed in due course.” The company is also working on other projects in metros – Pune and Bangalore.

The interim budget released last Friday will also be a factor in aiding the affordable housing sector in the country. The tax rebate given for an income up to tax slab of Rs 5 lac per annum will help the middle class and be of help when it comes the investing in real estate in India.

Recent Posts

Tirupati Laddu News: Alleged Use of Animal Fat and Beef Stir Public Outcry

A recent lab report has stirred widespread controversy after claims that animal fats, including beef…

3 weeks ago

Atishi Marlena Singh: 8th Chief Minister of Delhi

In a historic shift in Delhi’s political landscape, Atishi Marlena has been appointed as the…

3 weeks ago

Manipur Violence Erupted Again: Internet Shut, Curfew Imposed

Manipur Violence broke out in Imphal on Tuesday when students marched toward Raj Bhawan, demanding…

4 weeks ago

Sidhant Gupta Discusses Challenges and Emerging Trends in India’s Dairy Sector

India holds the title of the world’s largest milk producer and stands at the forefront…

1 month ago

Doctors Present Human Spin to Commissioner, Call for Resignation

A delegation of junior doctors met with Kolkata Police Commissioner Vineet Goyal and present him…

1 month ago

Gujarat Heavy Rainfall Triggers Floods Across South Gujarat: Rescue Operations Underway

Gujarat heavy rainfall, particularly in the southern regions, led to widespread flooding and severe disruptions…

1 month ago