I n d i a n r e a l t y t o b e c o m e t r i l l i o n d o l l a r i n d u s t r y b y 2 0 3 0
The Indian real estate sector is estimated to grow to $650 billion by 2025 and surpass $850 billion by 2028 to touch $1 trillion by 2030, according to a survey conducted by KPMG in association with NAREDCO and APREA. It was released at NAREDCO and APREA’s Real Estate & Infrastructure Investors Summit in Mumbai on Thursday.
The report noted that India has consistently improved its ranking in global real estate since 2014, which has instilled confidence in investors. It is projected to be the third-largest market globally, propelled by affordable housing, co-working spaces and a transparent regulatory environment.
Private equity investments in Indian real estate improved 15 percent year-on-year in January–March 2018, reaching $3 billion and is estimated to grow to $100 billion by 2026 with tier 1 and 2 cities benefiting the most in the future.
In 2018, the average deal size tripled to $157 million, compared with $47 million in 2016.