India's economy is growing at a rapid pace, and with that growth comes an increasing demand for real estate. The country's real estate market is one of the fastest-growing in the world, with a projected growth rate of 30% over the next decade.
India's urban population is expected to grow from 377 million in 2021 to 600 million by 2030. This rapid urbanization is creating a huge demand for real estate in cities, particularly in the affordable housing segment.
The Indian government has launched several initiatives to boost the real estate sector, such as the Pradhan Mantri Awas Yojana (PMAY), which aims to provide affordable housing to all by 2022.
Technology is playing an increasingly important role in the Indian real estate sector. Online property portals are making it easier for buyers and sellers to connect, while virtual reality is revolutionizing the way properties are marketed.
The future of real estate in India looks bright, with the sector expected to grow at a rapid pace over the next decade. As the country's economy continues to grow and urbanization continues, the demand for real estate is only going to increase.