Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Real estate sector may touch market size of $1.3 trillion by 2034: Report | News

by Index Investing News
March 16, 2024
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter



The real estate sector is estimated to reach a market size of USD 1.3 trillion by 2034 and USD 5.17 trillion by 2047, according to a report by realtors body CREDAI.


The current market size of Indian real estate is Rs 24 lakh crore (around USD 300 billion), split between residential and commercial segments in the ratio of 80 per cent and 20 per cent, respectively, it said in a statement on Saturday.


The Confederation of Real Estate Developers’ Association of India (CREDAI) on Saturday released a report ‘Building Viksit Bharat-Transformative role of the real estate sector in India’, at its event YouthCon.

According to CREDAI, Indian real estate will have a significant impact on the Indian economy in the coming years “with the sector projected to reach USD 1.3 trillion (13.8 per cent of projected GDP) by FY 2034 and USD 5.17 trillion (17.5 per cent of projected GDP) by 2047.”

Among the residential segment, 61 per cent of current supply is above the cost of Rs 45 lakh.


The average home area is also increasing at 11 per cent on an annual basis.


CREDAI also projected that there will be 7 crore units of additional housing demand by 2030.


Reflecting the aspirational growth of Indian homebuyers, over 87.4 per cent of housing demand by 2030 is expected to be of houses costing more than Rs 45 lakh.


CREDAI emphasized the significance of Indian real estate to the overall growth of the economy and some of the most important macro-economic indicators including employment, revenues for government and banking eco-system, and increasing per capita income.

CREDAI President Boman R Irani said, “Indian Real Estate today stands at an extremely important junction amidst India’s journey to become a developed economy by 2047. Due to its strong multiplier effect coupled with robust real estate demand, the sector is bound to play a critical role in multiplying GDP value…”

CREDAI Chairman Manoj Gaur said, “To achieve Viksit Bharat, real estate is going to be at the nucleus of growth which is also validated by the recent sheer volume that has coincided with strong quarter-on-quarter GDP numbers.”

CREDAI President Elect Shekhar G Patel said, “Currently, India is witnessing significant GDP growth despite global headwinds which is a testament to our economic and sectoral resilience.

 

First Published: Mar 16 2024 | 8:19 PM IST



Source link

Tags: EstatemarketNewsRealReportsectorSizeTouchtrillion
ShareTweetShareShare
Previous Post

Rudy Giuliani should sell $3.5 million Florida condo, creditors claim

Next Post

Tesla to raise prices on Model Y electric vehicles in parts of Europe By Reuters

Related Posts

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

by Index Investing News
May 25, 2025
0

After the detection of COVID-19 instances in few southern and western states, the Union Well being Secretary was realized to...

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

by Index Investing News
May 24, 2025
0

Billionaire Elon Musk stated he must be “tremendous targeted” on his corporations, pointing to points at X as proof of...

Dow Jones, S&P 500, Nasdaq Composite: Bond tantrums put Trump on discover, once more

Dow Jones, S&P 500, Nasdaq Composite: Bond tantrums put Trump on discover, once more

by Index Investing News
May 24, 2025
0

US President Donald Trump | Picture Credit score: Eduardo Munoz Was US President Donald Trump’s U-turn to escalate the commerce...

Reasonably bullish exercise in AMC Leisure with shares down 0.46%

Reasonably bullish exercise in AMC Leisure with shares down 0.46%

by Index Investing News
May 24, 2025
0

Reasonably bullish exercise in AMC Leisure (AMC), with shares down 2c close to $3.23.Choices quantity almost triple the day by...

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

Aegis Vopak Terminals IPO: Firm raises Rs 1,260 crore from Nomura, Aberdeen 30 different anchor buyers

by Index Investing News
May 24, 2025
0

Storage options supplier Aegis Vopak Terminals has raised Rs 1,260 crore crore from 32 anchor buyers, allocating over 5.36 crore...

Next Post
Tesla to raise prices on Model Y electric vehicles in parts of Europe By Reuters

Tesla to raise prices on Model Y electric vehicles in parts of Europe By Reuters

‘Dead’ PSUs have returned in new, profitable avatars: PM Modi attributes comeback to ‘nation-first’ policy

'Dead' PSUs have returned in new, profitable avatars: PM Modi attributes comeback to 'nation-first' policy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Quickly Rising Actual Brokerage Surpasses 20,000 Actual Property Brokers

Quickly Rising Actual Brokerage Surpasses 20,000 Actual Property Brokers

July 9, 2024
China cuts bank reserve ratio to boost growth as sentiment sours

China cuts bank reserve ratio to boost growth as sentiment sours

January 24, 2024
Daryl Morey is Oppenheimer for the NBA’s nuclear offensive age

Daryl Morey is Oppenheimer for the NBA’s nuclear offensive age

March 6, 2024
Why we fought against Bilkis Bano remissions

Why we fought against Bilkis Bano remissions

January 10, 2024
Government Spending | Seeking Alpha

Government Spending | Seeking Alpha

March 11, 2024
Cuba’s Coastal Dwellers Mitigate the Results of Local weather Change — International Points

Cuba’s Coastal Dwellers Mitigate the Results of Local weather Change — International Points

October 2, 2024
Haryana: PM Modi to put basis stones for Hisar airport terminal, energy initiatives on Ambedkar beginning anniversary

Haryana: PM Modi to put basis stones for Hisar airport terminal, energy initiatives on Ambedkar beginning anniversary

April 13, 2025
10 Issues We Hate About Actual Property Investing

10 Issues We Hate About Actual Property Investing

November 2, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In