Is Indian Real Estate Really Inflated?

In this article, we will evaluate the Indian real estate market and determine if there is any chance of a real estate market crash in India. 

This blog will answer all your questions related to the real estate market crash, such as:

       •  Is the real estate market going to crash in 2024?
       •  Is the Indian Real Estate Market A Bubble?

After reading this blog, will you be able to understand whether the real estate market is going to crash or not?

What is the situation with the Indian REAL ESTATE right now?

Currently, the Indian Real Estate market is booming and flourishing. 

Residential and Commercial real estate markets have increased, and the prices are rising rapidly.

According to economic reports, the Indian real estate market is expected to grow at a rate of 18.7% (CAGR) from 2020 to 2030.

It is expected to reach 1 trillion dollars by 2030.

Talking about the Indian residential real estate market, people always ask questions on Google, such as:

Will the real estate market go back down? 

Will real estate prices go down in india?

These Google search queries show how insecure the investors are in the market.

But don't worry; residential real estate is showing sustainable Growth and is growing steadily.

An Economic Times survey shows that residential real estate sales will increase by 10-15 per cent in 2024.

According to Statista's report, commercial real estate is expected to grow at an annual rate of 11.19 per cent.

Now, let's evaluate if this real estate boom will last long or not.

Is the REAL ESTATE Market Going To Crash In 2024?

There is considerable debate about the real estate market crash on social media and television.

You can hear people and some so-called experts everywhere calling this boom in India a bubble and saying it will not last.

But it is not the complete truth. 

First, this real estate boom is not artificial or influenced by real estate builders and brokers. 

This boom is a ground reality of Indian real estate; let's briefly understand the real reasons.

       •  India's population is growing very quickly.
       •  Sudden Growth in the number of Businesses.
       •  Growth in income of people.
       •  Digitalization of real estate 
       •  Government support towards infrastructure development

India's population is increasing, as is India's GDP and per capita income. 

Citizens want to invest in real estate because India's need for homes has increased.

With the growing population, businesses need more space to accommodate people.

Rent prices are increasing rapidly.

Let's evaluate all the factors influencing the real estate boom and why it is sustainable.

What are the reasons that influence real estate to boom?

India's population has reached 150 crores due to the Growth in demand for residential real estate such as houses, flats, and land.

After corona, the demand for more spacious homes has increased, and people want to buy more spacious homes to be safe in case of such a pandemic again.

The inventory that was not sold at the time of corona and the inventory of these two years 

2023-24 is being sold together. This has also increased the sales of residential real estate.

Government initiatives such as Digital India, Make In India, and Startup India have influenced the rapid Growth of the number of startups and businesses in India. 

According to the Department of Promotion and Industrial Trade (DPIIT) reports, India had 10604 startups in 2019, which increased to 34779 thrice in five years.

This rapid Growth in startups or businesses has increased the demand for commercial office space and retail shops. 

Why Are People Paying More?

Everyone in India wants to live in a posh and developed region.

India is still developing, and only some regions have the same amenities.

This is why more people are coming to posh and developed regions such as Noida, Gurugram, Bengaluru, Hyderabad, Mumbai, Pune etc.

These cities provide the best facilities and better job opportunities. However, even among these cities, people prefer cities with Adequate water, Green Space, and AQI.

We have seen the situation in Bengaluru. The whole city was created, and the green space was erased completely, which caused the water level to go down.

This is why people prefer to invest in real estate in cities with adequate water and greenery. 

Cities such as Noida are witnessing immense real estate investment as they provide planned development, the most significant green space in India, Good AQI, and Adequate water.

Noida's Real Estate Future has seen exceptional Growth of 40 per cent in the past three years and will double in the coming years. Investing in Noida real estate will double your money in two to three years.

Conclusion 

Real estate in India will not decline in the upcoming 10 years. It has established a solid base and will flourish greatly. People are earning more than before, a large number of businesses are being opened, and the government is infusing more money into infrastructural development. These factors are driving real estate to grow faster and more sustainably.

If you want to invest in the Noida real estate market, contact us at commercialnoida or 7053707070.