Residential Real Estate Market in India

June 16, 2022 0 Comment

In India, the residential real estate industry is growing rapidly in 2022, and this trend is expected to continue throughout the year. The reasons for this all-time high demand for residential properties are favourable factors such as low-interest rates and changes in consumer preferences.

Indian real estate accounts for nearly 8% of the country’s GDP. The housing market was valued at $180 billion in 2017 and is estimated to grow to $650 billion by 2025. In another five years, the market will expect to reach $1 trillion. Residential real estate includes standalone houses, apartments, villas, duplexes, triplexes, farmhouses, bungalows, etc. These are the most common types of real estate that people are familiar with.

The housing demand in the country experienced a major blow during the first and second waves of the corona pandemic. As per industry estimates, the COVID-19 pandemic caused a huge financial crunch for real estate developers. However, the Indian housing sector has made an impressive comeback since then, with many people becoming homebuyers by investing in residential properties in great numbers. The Indian residential real estate sector is expected to witness around 5% capital value growth in 2022.

The government of India is making its best efforts to boost the Indian real estate industry. It has made significant announcements in the Union Budget 2022–2023 that will help in the creation of a robust real estate market.

Now, let’s have a look at some of the well-known residential real estate developers in India.

TARC (The Anant Raj Corporation)

TARC is regarded as the most renowned property developer in India. This well-known real estate organisation has built hotels, housing societies, logistics hubs, malls, commercial spaces, resorts, and other infrastructure projects as part of its Lifestyle Hubs, Industrial Parks, and Experimental Living projects.

DLF Limited

Founded in 1946, DLF (Delhi Land and Finance) is a renowned real estate firm in India. It has an extensive portfolio of residential and commercial projects spread around the Delhi NCR. It has projects in 15 states and 24 cities. Moreover, it is India’s largest publicly listed real estate company. The headquarters of this real estate company is located in New Delhi.

Godrej Properties

Godrej Properties is one of the prominent real estate companies in India. This real estate firm is known for its vast portfolio of residential projects. It has projects across the country. Moreover, it is headquartered in Mumbai.

Omaxe Limited

Omaxe Limited was founded in 1987. It is amongst the leading real estate or property development firms in the country. Its portfolio includes a diverse range of residential and commercial properties. This company is known for building office spaces, shopping malls, hi-tech townships, integrated townships, hotels, etc.

Shapoorji Pallonji Real Estate

Shapoorji Pallonji Real Estate is one of the most profitable real estate firms in India. They are committed to providing exceptional lifestyle spaces, from magnificent skyscrapers to affordable apartments to functional workspaces. It is a part of the Shapoorji Pallonji Group, a global, diversified organisation of 18 major companies.

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