INSTITUTIONALIZATION OF TECHNOLOGY INEVITABLE
In the past decade, structural and policy reforms have facilitated significant regularization and liberalization of the Indian real estate sector. As a result, the sector has attracted USD 26.6 billion in foreign institutional inflows between 2017 and 2022. Five key demand drivers are increasing urbanization, growth in the IT and BFSI sectors, the proliferation of manufacturing corridors, the exponentially growing digital economy, and rapid infrastructure development. These factors are driving growth across various asset classes, including rental living, residential, commercial and office spaces, GCCs, industrial and warehousing, data centres, and public infrastructure projects nationwide. These are estimated to be propelling the sector's size to USD 1 trillion by 2030 and USD 5.8 trillion by 2047. Demonstrating confidence in the visionary, stable, and progressive leadership of Bharat, FIIs have significantly increased their appetite for Indian exposures. Global funds are eager to tap into supply-side stakeholders who can acquire, build, and monetize on a large scale. For creating developments at such a large scale, the institutionalization of technology across all stakeholders, including capital allocators, developers, service providers, and consumers, will be inevitable. Policymakers have initiated reforms in four key areas, including the digitization of land records and real estate transactions, regularization and licensing of service providers, reforms of the rent control acts, and regulation of real estate development with a view to protect the consumers at same time build confidence in lenders & investor. in real estate. We are confident that the leadership and policymakers will accelerate the evolution and implementation of new reforms across most sectors.
Tags : INSTITUTIONALIZATION TECHNOLOGY INEVITABLE Ashish Deora Aurum Ventures institutionalization technology leadership policymakers rental living residential commercial office spaces GCCs industrial warehousing data centres public infrastructure projects