India's real estate market has been a significant player globally. According to verified sources such as the National Real Estate Development Council (NAREDCO) and other industry reports:In terms of market size, India's real estate sector was valued at over $120 billion. Over the years, the sector has shown consistent growth, driven by factors such as …
India’s real estate market has been a significant player globally. According to verified sources such as the National Real Estate Development Council (NAREDCO) and other industry reports:
In terms of market size, India’s real estate sector was valued at over $120 billion. Over the years, the sector has shown consistent growth, driven by factors such as urbanization, population expansion, and government initiatives like “Smart Cities” and affordable housing projects.
The real estate market in India has evolved with the implementation of regulatory reforms like the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST). These measures aimed to bring transparency and accountability to the sector.
While the COVID-19 pandemic posed challenges, the real estate market demonstrated resilience, adapting to changing consumer preferences and digitalization trends. Online property searches and virtual tours gained prominence.
For the latest and specific data, it is recommended to refer to reports from official sources such as the Ministry of Housing and Urban Affairs in India or reputable global real estate research organizations.
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