🏚️The Real Estate Industry of India

The urban population of India is expected to reach 525 million by 2025 and 600 million by 2036. In terms of FDI inflows, construction is the third-largest industry. Between April 2000 and June 2021, FDI in the industry (including construction development and operations) totaled $51.5 billion.

The Government of India's 'Housing for All' plan is estimated to attract US$ 1.3 trillion in housing investment by 2025. According to property consultancy JLL, India's Global Real Estate Transparency Index position increased by a small margin to 34 in 2019 as a result of legislative changes, enhanced market data, and green efforts.

From October 2020 to December 2020, the volume of home sales in India's eight major cities increased by 100% annually to 61,593 units, compared to 33,403 units in the previous quarter, indicating a healthy recovery following the strict lockdown imposed in the second quarter due to the spread of COVID-19 in the country, which was imposed due to the spread of the virus.

The residential sector is expected to grow significantly as a result of the federal government's ambitious Pradhan Mantri Awas Yojana (PMAY) program, which aims to build 20 million affordable housing units in metropolitan areas throughout the country by 2022.

The PMAY program is being implemented by the Union Ministry of Housing and Urban Affairs. The predicted increase in the number of residential units in urban regions would increase the need for commercial and retail office space, according to the National Association of Realtors. Cumulative foreign direct investment (FDI) inflows have also grown dramatically between the years 2000 and 2021.