A report by Knight Frank and CII predicts India’s real estate sector to surge to $1.5 trillion by 2034, tripling from $482 billion, with residential and office segments leading. The forecast anticipates 78 million new homes by 2034, driven by urbanization, with cities hosting 42.5% of the population. Favorable conditions could boost GDP to $10.3 trillion. Moreover, the rise in high-net-worth households (from 3% to 9%) will propel demand for luxury housing. Office space is expected to increase significantly, reaching 2.7 billion sq ft by 2034, with GCCs driving the market.
Real Estate Sector Forecasted to Triple to $1.5 Trillion by 2034
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