India’s real estate market has emerged as a powerhouse in the global arena, undergoing significant growth and transformation. The industry faced unforeseen challenges from 2020 to 2022, which brought about a paradigm shift and posed various hurdles. However, when compared to global real estate markets, it has shown an impressive and rapid bounce-back, characterized by a remarkable surge in demand.

According to a recent industry report, India is poised to witness a staggering $1 trillion in real estate sales by 2030, with a projected contribution of 13 percent to the gross domestic product (GDP) by 2025. Here, we delve into some of the key factors propelling this remarkable surge in India’s real estate market.