Crorepati in 2025: The year 2024 witnessed bumper growth in the real estate sector and tremendous growth is expected in 2025 also. After positive response from both residential and commercial sectors this year, investors are now taking the matter of investing in this sector seriously.
Rising prices of residential property
According to a report by Colliers India, a significant increase was seen in the sales of residential properties in 2024. The main reason for this was the affordable interest rates and the strong economy of the country. Residential property prices have seen an annual increase of up to 11 percent in eight major cities of the country, which shows that people have now started giving more importance to quality in housing matters. However, due to such increase in the price of houses, now buyers will have to increase their budget, which will be heavy on their pockets. Especially the middle class will face more problems due to this.
People bought a lot of houses in Delhi NCR
According to a report by CBRE, tremendous growth was recorded in the real estate sector in India in the year 2024. The real estate sector has received a total of US$8.9 billion in equity investments in the first nine months of the year, which is 46 percent more than last year. Given the increasing interest of people in 2nd tier and 3rd tier cities, it is estimated that by the end of the new year, equity investment will reach 10-11 billion dollars. Delhi NCR market was the best in real estate. 26 percent of the total investment took place here. After this Mumbai and Bengaluru made place in the list. Private equity (PE) investment in real estate sector in India more than doubled.
A better option for real estate investment
In India, people are looking at the real estate sector as a better option for investment, it can either earn money through rent or the deal becomes profitable as their prices increase with the changing times. This year, high demand for luxury housing was seen in many big cities like Gurugram and Mumbai. According to experts, the growth in the luxury segment will continue in 2025 also. The reason behind this is people’s greater economic confidence, increase in the number of high net worth and ultra high net worth people in the country and decreasing land in cities.
Increasing market value of real estate sector
After farming, the real estate sector contributes the most to the country’s GDP at 7.3 percent. Its market value is currently around 493 billion US dollars. It has been mentioned in a report that in the coming times, under the vision of developed India, a tremendous change will be seen in this sector. Probably its market value may reach 1.3 trillion US dollars by 2034. According to experts, by the year 2025 the GDP will real estate Contribution may increase to 13 percent
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