India Real Estate Market is Expected to Grow With the a High CAGR in 2025-2029

The demand for office as well as Residential Space in the urban and semi-urban accommodation is propelling the India real estate market in the forecast period 2025-2029.

According to TechSci Research report, “India Real Estate Market - By Region, Competition, Forecast and Opportunities, 2029”, the India Real Estate Market is expected to register robust growth during the forecast period, 2025-2029, owing to the emerging trend of urban and semi-urban lodging and the rising demand for modern office spaces. Additionally, the country's expanding e-commerce industry is driving demand for warehousing facilities, which is boosting the market. Other than this, with the developing utilization of media transmission administrations and the execution of 5G and information restriction standards, there is an ascent in the requirement for information storage spaces.   

The real estate industry is important to the Indian economy because it makes between 6 and 8 percent of the country's GDP and is expected to make another 13% by 2025. The real estate industry in India is expected to reach USD1 trillion by 2030, making it the third largest in the world.

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India Real Estate Market is segmented based on property type, business, and region. Based on property type, the market is divided into residential, commercial, land, and industrial. Based on business, the market is divided into sales, rental, and lease. Based on region, the market is divided into North India, South India, East India, and West India.

Based on property type, commercial is expected to dominate the market during the forecast period. In recent decades, the expansion of the commercial real estate industry has been fueled by the Indian office real estate market. The information technology (IT) is still the dominant in the Indian commercial real estate market, but other industries are increasingly leasing office space as BFSI (banking, financial services, and insurance), engineering, manufacturing, e-commerce, and co-working industry are all growing in importance. It was estimated that grade-A office buildings in the Asia-Pacific region had the highest net absorption in the Indian city of Bengaluru. The Central Business District (CBD) in the Indian state of Bengaluru was the most expensive place to rent office space in the first quarter of 2022, with a monthly rental rate of USD 1.76 (INR 144) per square foot. The Real Estate Regulation & Development Act (RERA) and Real Estate Investment Trusts (REITs) have contributed to an increase in investments in commercial real estate. Real estate that generates income is owned, managed, and funded by REITs. High-net-worth individuals (HNI) in India and international PE investors, who together account for the majority of equity investments in Indian real estate, have identified office properties as the most popular investment category. The industry's higher profits and high rental rates attract investors of all stripes. Flex and co-working spaces have grown in popularity in the country as a result of smaller homes and larger families. The Bandra-Kurla complex in Mumbai, India, was the most expensive place to rent office space, costing approximately USD 3.36 (INR 276) per square foot per month. Out of all Mumbai submarkets, Navi Mumbai offered office space at the lowest monthly rate, approximately USD 0.82 (INR 67) per square foot. The average monthly rent for office space in Mumbai was about INR 138 (1.68 USD) per square foot.

Key market players in the India Real Estate Market include:   

• DLF Limited
• Godrej Properties Limited
• Brigade Enterprises Limited
• Oberoi Realty Limited
• Prestige Estates Projects Limited
• Lodha Developers Limited
• Tata Realty and Infrastructure Limited
• Hiranandani Group
• Mahindra Lifespace Developers Limited
•  Phoenix Mills Limited

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“Various schemes by the Indian government such as tax deductions of up to USD 2069.89 (Rs. 1.5 lakh) on housing loan interest, and a tax break for projects that provide affordable housing were extended until the end of fiscal 2021-22. The Real Estate Investment Trust (REIT) platform has received approval from the Securities and Exchange Board of India (SEBI), making it possible for investors of all kinds to participate in the Indian real estate market. It would open a chance worth USD 19.65 billion (Rs. 1.25 trillion) in the coming years on the Indian market. Such schemes and investment are expected to motivate the investors for real estate market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Real Estate Market By Property Type (Residential, Commercial, Land, and Industrial), By Business (Sales, Rental, and Lease), By Region, Competition, Forecast and Opportunities, 2029”, 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India real estate market.

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