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By 2030, the Indian real estate market is expected to be worth $1 trillion USD. Growing worldwide real estate development will continue to present the Indian market with possible expansion opportunities.
The Indian real estate sector was estimated to be worth approximately 120 billion us dollars in 2017 and is predicted to rise to one trillion dollars by 2030. More than 2.5 billion dollars were expected to be invested nationwide in this industry in 2022.
According to a CBRE research, India's flexible space stock is expected to expand by 10-15% yoy for the next three years, from the current 36 million sq. Ft.
By 2022, the healthcare market is projected to grow to $372 billion USD. To reach the global average of 2.6 hospital beds per 1,000 people, India will need to add 2 million beds.
The desire for service apartments has increased as a result of an increase in tourists. The unorganised sector has an opportunity as a result of this growing demand.
The emergence of nuclear families and increased urbanization has resulted in the development of multiple townships specifically designed to care for the elderly. India's market for this area is projected to be worth US$ 7.7 billion by 2030, per a Ministry of Commerce and Industry report.
By 2025, there will be 15.3 million FTAs in India, which will likely boost demand for accommodation. Spiritual tourism represents a significant unexplored market for domestic travel, with religion representing roughly 60% of all domestic travel in India.
A great deal of businesses is now shifting to smaller workspaces as working from home and the office has become the new standard. The real estate market, which has stagnated over the past six months as a result of covid-19, is now beginning to gather some speed thanks to this shift.
The Indian economy has grown significantly over the last ten years and is predicted to rank among the fastest expanding in the years to come. India's urban population is forecast to rise from an estimated 463 million in 2020 to 525 million by 2025. Urban development and the affordability of real estate in cities have increased as a consequence of rising incomes and employment opportunities.
