Indian real estate anticipates Union Budget 2024 to address key reforms. Industry leaders seek reduced construction costs, industry status, and single-window clearance to boost growth and achieve the projected $1 trillion market size by 2030.
PE investments in Indian office spaces doubled in the first three quarters of 2013, despite a slow realty market. Bangalore attracted the most investments, while housing saw a decline.
CREDAI urges Parliament for consumer-friendly real estate reforms, citing stalled projects and the need for "Home for All." They criticize the one-sided regulatory bill and suggest a single-window clearance system.
India's booming service sector fuels demand for commercial real estate, particularly in major cities. Despite economic slowdowns, IT, BFSI, and other service industries show strong growth, driving office space absorption to new heights.
Despite a slowdown in GDP, office space absorption in India remained consistent in 2011-12. However, the outlook for 2012-13 appears challenging for developers.
India's housing sector's GDP contribution is projected to rise from 5% to 6% due to increased investment, but the 2012-13 Budget lacks substantial support for the real estate industry's growth.
India's real estate market is booming, attracting domestic and international investors, particularly NRIs. Growth in affordable and luxury housing is expected, driven by demand from low-income groups, MNC expats, and NRIs.
The US financial crisis impacts India's growth, ADB lowers India's GDP forecast to 7-7.4%, citing global economic woes and fiscal imbalances.
Assocham projects $21 billion FDI surge in Indian real estate over next 10 years, driven by high expected returns and anticipated regulatory changes.
Real estate sales have declined, but prices remain stable. High interest rates coupled with past growth have caused a market slowdown, affecting buyer sentiment.
India's upcoming budget, the last before general elections, is expected to be populist, focusing on voter appeasement through tax reductions and increased social sector spending.