Industry Insight - Real Estate Report
The Indian real estate sector is a significant component of the country’s economy employing around 50 million people directly and contributing around 7 percent to India’s GDP. This is expected to grow to 13 percent.
The industry is estimated to be worth USD 265.18 billion in 2023 and is expected to grow at a CAGR range of between 20.4 percent and 25.60 percent to reach between USD 780.6 billion and USD 828.75 billion by 2028 and USD 1 trillion by 2030 (Source: Mordor
Intelligence, Imarc and IBEF).
Based on our compiled data, the first half of 2023 saw 2.2 Lakh units being launched in the top 7 cities in India. Out of these, 1.02 lakh units were launched in Q2 2023. On the other hand, Sales in Q2 2023 was 1.15lakh units.