CATALYST FOR REAL ESTATE: SUSTAINABILITY & TECHNOLOGY
The real estate sector currently contributes 7.3 per cent to our GDP and is projected to become a trillion-dollar market by 2030. This growth will be fueled by integrating technology across the value chain, with total investments collected by proptech startups worth USD2.4 billion between January 2021 and March 2023. Along with this, areas such as the fractional ownership market and flexible office space are expected to surge by 2025, with USD8.9 billion and about 80 million sq. ft. respectively. The sector growth is expected to remain high over the next two decades, with PE investments to reach USD59.7 billion by 2047. The sector currently contributes about 39 per cent of emissions and is set towards its decarbonization journey. India currently ranks 3rd in terms of LEED-certified green buildings and over 80 per cent of new grade A offices are green-certified. The sector’s focus on sustainability, technology integration and innovation will enable it to stay ahead of the curve, delivering exceptional value to customers and contributing to a greener future.
Tags : real estate sector GDP sustainability technology integration innovation curve decarbonization Neeraj Bansal India Global KPMG