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REAL ESTATE EXPECTATIONS FROM G20 SUMMIT

Realty experts believe, the G20 Summit is a critical event given the backdrop of India’s technological advancements & economic growth, also boosting investments in real estate.

BY Realty Plus
Published - Monday, 11 Sep, 2023
REAL ESTATE EXPECTATIONS FROM G20 SUMMIT

“We are closely monitoring the upcoming G20 Summit in India, anticipating its substantial impact on the country's real estate market. This expected influence stems from the global attention it is poised to bring to India's economic prospects. The traditional workplace model, characterized by lengthy leases and inflexible infrastructure, is rapidly giving way to a technology-driven ecosystem where flexibility is the new norm. Emerging economies are positioning themselves as vibrant centers for businesses and entrepreneurs by embracing these technological innovations. 

As the host of the G20 Summit, India stands to gain a unique opportunity to showcase its real estate potential, attract investments that emphasize technological flexibility, and firmly establish itself on the global stage. This exposure is expected to lead to an influx of investment into India's developing markets, resulting in a substantial surge in property values.” Sanjay Choudhary, Founder & CEO, Incuspaze  

"India's G20 presidency is more than a ceremonial role; it's a strategic lever for shaping both global policy and accelerating our own economy. Through our leadership in areas like infrastructure, fintech, and sustainability, we're doing more than just securing international support and channelling the global expertise and financial resources toward our national priorities. Our strides in fintech infrastructure development, exemplified by systems like UPI, are not only boosting our economy but have also garnered global recognition, prompting the world to bring these innovations to the forefront. From harnessing AI and digital public infrastructure to pioneering green initiatives, India's G20 presidency transforms us from mere participants to influential architects of an inclusive, technology-driven, and sustainable global economy." Aryaman Vir, CEO, WiseX

“The promotion of global economic stability is one of the most significant indirect benefits of G20 meetings for India's real estate sector. The G20 countries frequently coordinate measures aimed at stabilising the global economy and fostering an environment conducive to investment and growth. Economic stability has a knock-on effect on real estate markets, making them more appealing to domestic and international investors alike. When investors believe the economy is stable, they are more likely to invest in real estate, resulting in higher property values.

Many G20 projects place a strong emphasis on infrastructure development. Infrastructure investment can lead to more construction projects, increasing demand for real estate. Infrastructure improvements, such as transport networks and utilities, increase the attraction of specific places for real estate investment.” Pranndeep Singh, Director, White Flower Developers



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