Real estate is a core sector for the Indian economy which is expected to reach a market size of US$1 trillion by 2030 and contribute ~13% to the country’s GDP by 2025(1). Within real estate, the residential segment has the largest contribution of ~80%.
After a prolonged 6-year down cycle, residential has seen a strong, broad-based recovery in the last 12 months, laying the foundation for an upcycle over next several years. Further, COVID-19 has provided a positive nudge to the sector already benefiting from a favorable macro setup.
Source: (1) IBEF, Sep 2021
