040-23450624Indian real estate expected to reach USD 1.5 tn by 2034: Report
It is projected that the value of the Indian real estate sector will reach an estimated USD 1.5 tril- lion by 2034, constituting 10.5 per cent of the total economic output by then. In 2023, the sector’s mar- ket size was approximately USD 482 billion, contributing 7.3 per cent to the total economic output. The residential market is expected to lead with a value of USD 906 billion, followed by the office sec- tor contributing USD 125 billion. Land for manufacturing activities is estimated to generate a value of USD 28 billion, driven by rising de- mand in India, while warehousing. is projected to yield revenues of USD 8.9 billion, reveals a Knight Frank India report in association with the Confederation of Indian. Industry (CII) titled ‘Indian Real Estate: A Decade from Now’.