It is expected to cross 38% by 2031 and over 47% by 2047. It has risen annually at nearly 6.3% between 19 and currently represents almost 31% of the overall Indian population. The Indian middle class is its fastest growing demographic in both percentage and absolute terms. Smart city concepts will be fully realized, with integrated technology systems optimizing everything from waste management to transportation. Green infrastructure, vertical gardens, and energy-efficient skyscrapers are likely to become the norm. The rise of megacities is inevitable, and urban planners are faced with the challenge of ensuring sustainable and liveable environments for millions. India is already the world’s most populous country, and by 2047, a substantial portion of its population will reside in urban areas. Urbanization and Sustainable Megacities.Some of the major factors that will strongly impact the growth and reshape the Indian real estate market include: Indian residential segment is at the cusp of a long-term growth cycle. Going forward, residential real estate will both grow and evolve - and by 2047, when India completes its 100 years of independence, we will have a completely changed sector. This itself indicates the undeterred demand for housing across the top 7 cities. ![]() 2.29 lakh units across the top 7 cities which is over 63 percent of the total sales recorded in all of 2022 despite rise in both interest rates and housing prices. This trend continues unabated even today when home loan rates and property prices have risen.Īs per ANAROCK Research, the first half of 2023 saw total housing sales of approx. Buyer preferences for large and listed developers has also boosted its supply and sales share over the last three years. The reforms ushered in a new ray of hope and thereafter Indian residential real estate (which was previously dominated by unscrupulous developers) became more transparent and accountable, and we saw rapid consolidation with organized and branded players gaining a stronger foothold.Ĭovid-19 accelerated this consolidation wave with financially strong and organized developers gaining more market share. In the last decade we saw the Indian residential segment witness various structural changes (RERA, GST, DeMo, etc.) which completely metamorphosed the sector. With rapid advancements in technology, evolving demographics, and shifting socio-economic dynamics, the way Indians live and the homes they inhabit are poised for a transformation that will reshape the very fabric of the nation’s housing sector.īut to peep into the future, we must reminisce about the past as well. Mone圜ontrol Pro - Income and Expense tracker isn’t the best iPhone and iPad app of its kind but it definitely gets the job done and is a low-cost solution to those of you who are in the market for this kind of utility, so I’d say it’s well worth checking out.What will the landscape of India’s real estate sector look by year 2047? It's an interesting notion. Printing and exporting your records as a PDF document are only available as additional in-app purchases, which is a little disappointing to me considering that similar apps within the same sort of price range offer these features at no additional cost. ![]() Print your records from directly within the app.Create a handy digital backup copy of your records via iCloud and Dropbox.Specify whichever day you like as the start of the financial month.Preview upcoming months and payments in a user-friendly graphical format. ![]()
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