Author: Tanvi Mehra
Tanvi Mehra is an interior designer with 10+ years of experience in residential decor, with a strong focus on Vastu-friendly design, Indian aesthetics, and budget-conscious solutions. Her design tips empower readers to create beautiful, functional spaces without overspending.
Ans 1. In 2024, the residential real estate market is expecting a strong influx of new launches, with an estimated range of 280,000-290,000 units, as per a report. This has set a good path for 2024, which shows that the sector is not only rising but also promising further growth in the coming years.
Ans 2. The report further claims that the Indian real estate sector will have growth projections of nearly $1 trillion by 2030—a market size significantly larger than the US$200 billion one in 2021. This growth in the real estate market in India is expected to push up India's GDP by 13% on or before 2025.
Ans 3. Unveiling the Real Estate Forecast Next 5 Years Projections indicate that the Indian real estate sector is poised to expand significantly, reaching USD 5.8 trillion by 2047. This growth is expected to contribute 15.5% to the total economic output, a substantial increase from the existing 7.3%.
Ans 4. Growing Real Estate Market There are multiple reasons for this growth such as expansion of the population, increase in urbanization, and post covid overall improvement in economic conditions Real estate investment in 2024 is the right time as the market is in the best time of growth which guarantees continued success.
Ans 5. When to buy a home? There is no specific age, as it depends on personal circumstances and financial stability. However, individuals in their late 20s to mid-30s may benefit from longer mortgage repayment periods and appreciation potential. 4.