Yogesh Dawda
Episode 4
DT#1765
Here are some potential trends that may shape the real estate sector over the next 5 years:
1. Sustainable and Green Development:
Increased focus on eco-friendly buildings, renewable energy, and sustainable practices.
1. Sustainable: Meets the needs of the present without compromising the ability of future generations to meet their own needs.
2. Green: Minimizes harm to the environment and promotes ecological balance, using resources efficiently and reducing pollution.
2. Digital Transformation:
Adoption of technology like AI, AR, and VR to enhance customer experience, marketing, and property management.
3. Affordable Housing:
Continued demand for affordable housing options, with government initiatives and private sector investments driving growth.
4. Co-Living and Co-Working Spaces:
Rise of shared living and working spaces, especially among millennials and Gen Z.
5. Tier 2 and Tier 3 City Growth:
Increasing investment and development in smaller cities, driven by government initiatives and infrastructure development.
6. Property Technology (Proptech)
Shift towards flexible and hybrid workspaces, with a focus on wellness and productivity.
8. Increased Transparency and Regulation:
Increased adoption of technology in property transactions, management, and construction.
7. Changing Workspaces:
Strengthening of regulations and increased transparency in property transactions and dealings.
These trends may shape the future of the real estate sector, but it's important to note that the industry is subject to various market and economic factors.
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Here are some predictions for the growth of the Indian real estate market by 2030:
• The real estate sector in India is expected to reach $1 trillion by 2030.
• The real estate market is expected to contribute 15% to India's GDP by 2030.
• The real estate sector is expected to grow by 18% by 2030.
• Additional 25 million units of affordable housing will be required by 2030.
• The demand for data centres is expected to increase by 15-18 million sq. ft. by 2025.
• Luxury home sales in India surged by 75% in 2023.
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