Revitalizing India’s Real Estate Landscape: A Vision for the Future!
Real estate in India has a bright future, according to Ravi Kewalraman, a real estate agent with more than 35 years of expertise. He explains this confidence in terms of the nation’s expanding consumption and population. The value of the Indian real estate industry was anticipated to be USD 200 billion in 2021 and USD 1 trillion by 2030. Furthermore, it is anticipated that by 2025, the real estate industry’s contribution to the nation’s overall GDP will be 13%.
Kewalramani draws attention to the fact that some parts of Mumbai, particularly those along the central line such as Kanjur Marg, Vikhroli, and Bhandup, have inexpensive housing alternatives. According to recent data, this primary line handles around 70% of real estate transactions because of its competitive pricing. There are several appealing alternatives for purchasers in this neighborhood, with one-bedroom flats costing between Rs 80 and Rs 90 lakh and two-bedroom homes costing up to Rs 1.5 crore.
In the western corridor, which encompasses Borivali, Kandivali, and Dahisar, and stretches to Virar, there are more prospective locations for real estate investment and house ownership. For individuals wishing to invest in the real estate market, the region is a desirable choice due to the region’s ongoing infrastructural development.
There are several prospects for development and investment as India’s real estate market develops. By raising the GDP and offering housing options to the expanding population, the sector is anticipated to play a significant role in the economic growth of the nation. Given India’s demographics and the rising need for affordable housing, the country’s real estate market has a promising future.
Source: Clayton County Register
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