Due to economic stability, policy reforms and changing consumer trends, India’s real estate sector will register strong growth and demand will increase significantly in 2023.
India
Nayan Raheja of Raheja Developers said: “The Indian government’s proactive measures and policy reforms have contributed to revitalizing the real estate sector. Responsibility, affordability has been strengthened, and real estate transactions have become safer and more accessible to a wider range of people.”
Rajesh K. Saraf, Managing Director, Axiom Landbase Pvt Ltd.
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The advent of technology has also had a significant impact on the real estate sector.
“Online Platform, Virtual Tour, Digital Marketing”
Advantageous interest rates are also contributing to the revitalization of the real estate market.
Kushagul Ansal, Director of Ansal Housing
Apart from the above, the real estate sector is also witnessing a surge in foreign direct investment, reflecting the confidence of global investors in India’s growth story. “The influx of foreign capital is contributing to large-scale developments, infrastructure projects and the expansion of the overall real estate market,” he added.
Therefore, the Indian real estate market at the end of 2023 is poised to enter a promising era. Economic stability, government reform, changing consumer trends, and technological advances have converged to create an environment conducive to growth and prosperity. The sector will continue to play a pivotal role in shaping the future of India’s cities and economy, setting the stage for sustainable development and increased opportunities for all.