Govt role in building Bharat

To sustain momentum in India's real estate sector, policy must focus on scalability, digital enablement, and stronger public-private partnerships

- GIRISH KOUSGI

INDIA'S ECONOMY DEMONSTRATED remarkable stability amid global disruptions, supported by strong domestic consumption, increased government spending—particularly in infrastructure—and accommodative monetary policy.

The country's real estate sector is expected to reach $1 trillion in market size by 2030, up from $200 billion in 2021. By 2025, it will contribute 13% to the country's GDP.

India is witnessing a steady shift in population from rural to urban areas in search of better employment opportunities. The housing shortage is primarily in the low-income group and economically weaker section categories, accounting for 95% of the deficit. The foremost reason is the dearth of affordable capital for quality homes. Households earning less than ₹9 lakh annually remain underserved by formal credit channels with many being new to credit and residing in semi-urban or rural regions.

Nevertheless, affordable housing has seen a significant surge in demand, particularly in tier-II to IV cities. This growth is driven by easier access to low-cost loans, along with improved availability of housing and growing self-construction activities.