According to RBSA Advisors, India's real estate market will increase at a CAGR of 15% from $60 billion in 2010 to $1,000 billion by 2030, accounting for 13% of the nation's GDP by 2025.
By 2023, it is anticipated that the organized retail real estate sector will grow by 28% to 82 million square feet. As the economy continues to recover from the epidemic, the Indian real estate market is exhibiting significant signs of recovery. According to the survey, there is a significant demand for property across all price ranges in Delhi-NCR.
The sentiments are equally positive in the commercial segment. Large retailers are growing and seeking for new locations. New initiatives are being introduced. The pandemic-related delays to projects have moved closer to completion. The office and retail real estate sectors of commercial real estate are booming. According to the research, demand for shops with offices has also increased significantly, and commercial property prices are rising favourably.
Positive estimates are made for the Indian retail market, which is anticipated to grow to between $1.1 trillion and $1.3 trillion by 2025, according to the report. It had a value of $0.7 trillion in 2019–20, translating into a Compounded Annual Growth Rate (CAGR) of 9–11%. The Indian retail sector is being driven by socio demographic and economic growth factors like urbanization, income growth, and an increase in nuclear households. By 2023, it is anticipated that the organized retail real estate sector will grow by 28% to 82 mn sq ft.