The monumental transformation of India real estate sector is scaling up with the Indian Government-backed infrastructure development. Rise in - income levels, foreign investment, and rapid urbanization strongly indicate a significant growth of 20x by 2047 in the real estate market. Indian economy very soon expecting to be a multi-trillion-dollar economy and a major chunk of it is defined by the real estate sector that is shaping the nation’s economic trajectory and lifestyle landscape. Let’s look into a few factors that may impact the future of Indian real estate.

A Rapidly Expanding Real Estate Ecosystem

Urban migration, demand for luxury housing, technological adoption in construction, and a stronger regulatory system; all together responsible for the expansion of real estate ecosystem in India. Another important factor that scaled the expansion of real estate sector is buyer confidence, due to the implementation of RERA, digitization of land records, and transparency in the transaction process. Real Estate Experts predict due to massive expansion in residential, commercial, retail, and industrial segments by 2047, India’s real estate valuation will surpass many global markets.

Luxury Housing Demand Driving Growth

One of the biggest contributors to the expansion of India real estate is the increased demand in India luxury property. India has witnessed a surge in high-net-worth individuals looking for villas, smart homes, gated communities, and spacious apartments with global standard amenities.

Major metro cities of India such as Mumbai, Delhi NCR, Bengaluru, Pune, and Hyderabad are now leading hubs for luxury and ultra-luxury residential projects. In the past few years, a major mindset shift has been observed in homebuyers, as they prefer to live in high-quality spaces offering luxury living. To meet home buyers’ expectations real estate developers have launched world-class townships and iconic high-rise developments.

Delhi NCR: The Powerhouse of India Real Estate

In the past few years Delhi NCR evolved as major hub of various real estate developments. The region has ample of residential and commercial that catches the attention of investors and buyers. If you are planning to buy property in Delhi NCR for investment or self-use, then it is the right place offering diverse opportunities across multiple budget levels.

Property in Greater Noida

With latest advancement of infrastructure in Greater Noida such as expressways, metro connectivity, and world-class educational hubs, growth of property value is increasing day-by-day which attracts many investors. Also, as many IT hubs opening in the city, attract young professionals resulting in increased demand of residential properties. Besides this, the upcoming Noida International Airport and Film City projects are significantly boosting the real estate prices.

Properties in Faridabad

In the past few years properties in Faridabad have gained immense popularity. The reason behind popularity is advancements of industrial zones, construction of Delhi–Mumbai Expressway, and large-scale township developments. To name a few emerging residential hotspots with high ROI potential are Neharpar and Sector 89–90.

Properties in Ghaziabad

Among all NCR regions, Ghaziabad has also witnessed a surge in demand of commercial and residential properties. To name a few areas of the city offering properties at an affordable price with excellent connectivity are - Indirapuram, Raj Nagar Extension, and Siddharth Vihar. These locations of the city are ideal for first-time homebuyers as well as investors looking long term benefit as many infrastructural expansions happening in the city. 

Check properties: Property in Ghaziabad | Real Estate Consultants & Properties for Sale

Infrastructure Development: The Key Growth Engine

Let’s look into the major of infrastructure development happening in India that work as a catalyst behind India’s projected 20x real estate growth by 2047.

1. Expansion of new metro corridors across cities

2. Construction of Delhi-Mumbai Expressway and Ganga Expressway

3. Execution of Smart City mission enhancing livability

4. Improved intercity connectivity via Bullet train projects, upcoming international airports in Noida, and so on.

5. Growing industrial corridors enhancing commercial real estate demand

Final Thoughts on India Real Estate Market

In a nutshell, India’s real estate sector is witnessing the most dynamic growth phase ever. With Government backed infrastructural advancements, large-scale infrastructure upgrades, and evolving buyers’ & investors’ preferences, the future of Indian real estate is brighter than ever. By 2047, real estate sector of India is expected to achieve the predicted 20x market growth, which means it is an ideal time to invest in property and secure your place in the booming landscape of India real estate.