- by Chaitanya Developers
- November 10 , 2022
4 Interesting Facts About India's Real Estate Industry
India's real estate business is unquestionably huge and widespread. Because of its intrinsic breadth, the huge world of Indian real estate may be tough to navigate even for the most seasoned investors. Furthermore, given India's cultural and geographic variety, the numerous trends in the real estate market range greatly from one location to the next. These hurdles assist India to develop itself as one of the world's most distinctive and distinct markets. Here are some intriguing and little-known facts by Chaitanya Developers, Pune's pioneer in real estate industry concerning real estate in India.
1. A remarkable increase-
Over the last two decades, India's real estate business has risen tremendously. After agriculture, it is presently the industry with the greatest number of employees. Despite the enormous hurdle that was the epidemic, this growth rate is anticipated to accelerate much faster. The real estate business is expected to contribute around 25% of India's GDP by 2025.
2. Early and Secure Retirement-
In India, the real estate market is one of the best investments, with unanticipated returns and endless enjoyment. People frequently invest in real estate to protect their retirement security. It is the finest source of income for your retirement and will provide you with a promising existence.
3. Government Programs-
The Indian government has announced an intent to assist the sector development even quicker with the introduction of the Pradhan Mantri Awas Yojana, the Smart City initiative, the establishment of the affordable housing fund, and numerous other similar programmes and yojanas. Several newer yojanas, such as the Deen Dayal Awas Yojana, used in inexpensive housing have undoubtedly aided several investors.
4. Large cities and urban areas
Over the last decade, some metropolitan areas and cities have experienced an exceptional expansion in infrastructure, employment, and industrial space construction. Cities like Pune are prime instances of urban expansion during the last decade. Industrial giants have established their operations, making it a significant asset in the real estate market.
The size of India's real estate market makes it impossible to discover impartial information that applies to every city and town in the country. These statistics are intended to provide an overview of the current situation of India's real estate sector and to highlight its limitless potential.