Brick and Mortar Boom: Indian Real Estate Set for Trillion-Dollar Growth

  • A joint report by Knight Frank India and the Confederation of Indian Industry (CII) forecasts a significant rise in the Indian real estate sector.
  • The market value is expected to reach USD 1.5 trillion by 2034, reflecting a threefold increase.
  • This growth is attributed to factors like India's growing urban population.
  • The report estimates a requirement for 78 million new homes in cities to accommodate this influx.
  • Residential real estate is predicted to be the leading segment, followed by office space.

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