India's Housing Revolution: The Future of Real Estate by 2025
India's housing market is entering a transformative phase with an aim to achieve a $40 trillion GDP by 2047. By 2025, technology, affordability, sustainability, and customization will drive the sector, supported by government initiatives and rising demand for personalized homes in Tier-2 and Tier-3 cities.
- Country:
- India
In New Delhi, the residential real estate market is gearing up for transformative change, as India sets its sights on a $40 trillion GDP by 2047. The ambitious plan to construct 100 million homes by the decade's end underscores the sector's pivotal role in economic expansion.
Government policies like Pradhan Mantri Awas Yojana and infrastructure projects, such as smart cities, are fueling housing development, placing a spotlight on urban renewal and sustainable infrastructure. These initiatives aim to meet modern buyer preferences while fostering eco-friendly investments.
The shift towards customized housing is redefining urban living with affluent buyers seeking bespoke solutions. As India's affluent households soar, demand for personalized homes grows. This trend is bolstered by modular construction and digital design innovations, paving the way for engaging consumer participation in the housing design process.
(With inputs from agencies.)
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