In 2023, Ahmedabad had the most affordable housing market of the eight biggest metropolitan areas in India with a proportion of ** percent of income to monthly instalment of a housing unit. In Mumbai the affordability index was at ** percent, the only city with higher than threshold affordability ratio set at ** percent. However, the affordability index has significantly improved from pre-pandemic times in 2019 for many cities including Mumbai, Bengaluru and NCR.

India's residential house prices - quarterly and annual changes in house prices across cities, expert analysis and comparison with global peers.

In the financial year 2023, the balance of property prices by annual income resulted in an affordability of *** for housing in India. The recent period has witnessed the best affordability in the last two decades.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Housing in India varies from palaces of erstwhile maharajas to modern apartment buildings in big cities to tiny huts in far-flung villages. There has been tremendous growth in India's housing sector as incomes have risen. The Human Rights Measurement Initiative finds that India is doing 60.9% of what should be possible at its level of income for the right to housing.

Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service, or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership. Renting can be an example of the sharing economy.

In the second half of 2023, Hyderabad showed the highest growth of ** percent in residential unit price. There was a general increase in prices per square feet in the residential market in all eight major metropolitan regions. The residential real estate market has slowly recovered from coronavirus pandemic. The coronavirus (COVID-19) pandemic as well as a high number of unsold inventories in many cities, especially in the premium and luxury segments, are perceived to be the main drivers for decreasing prices. India’s residential market While the majority of India’s population is still living in rural areas, urbanization is increasing. This results in a high demand for affordable housing in big cities for workers moving from rural parts of the country. Despite a new momentum in governmental efforts for affordable housing in recent years, there is still a gap between the low, middle, and high income groups in terms of demand and supply of housing units. The future outlook Over the last ten years, housing in the biggest Indian cities has become more affordable. Affordability sets income in relation to housing prices. Nevertheless, it is seen that the residential real estate market would continue to grow significantly in the coming years.

In 2025, India was the country with the highest increase in house prices since 2010 among the Asia-Pacific (APAC) countries under observation. In the second quarter of the year, the nominal house price index in India reached over 359 index points. This suggests an increase of 259 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning when adjusted for inflation, price growth in real terms was slower.

Total-Other-Income-Expense-Net Time Series for Aptus Value Housing Finance India Limited. Aptus Value Housing Finance India Limited, together with its subsidiary, Aptus Finance India Private Limited, provides housing finance solutions in India. The company offers home and quasi-home loans for the purchase, construction, renovation, and extension of houses; loans against property for construction and purchase of houses; and secured, small business, and refinance loans. It also provides life, credit shield, and property insurance products. The company serves individual homebuyers; low and middle income salaried and self-employed individuals; and first-time homeowners from rural and semi-urban areas. Aptus Value Housing Finance India Limited was incorporated in 2009 and is headquartered in Chennai, India.

Affordable Housing Finance Market Outlook

According to our latest research, the global affordable housing finance market size reached USD 65.4 billion in 2024, with a robust trajectory fueled by the increasing demand for accessible homeownership solutions worldwide. The market is expected to expand at a CAGR of 8.2% from 2025 to 2033, resulting in a projected valuation of USD 126.7 billion by 2033. This impressive growth is primarily driven by rising urbanization, supportive government policies, and the persistent gap between housing demand and supply, particularly in emerging economies. As per our latest research, the sector’s resilience and adaptability are underpinned by evolving financial products, digital transformation, and a strong focus on social inclusion, making affordable housing finance a cornerstone for sustainable urban development.

One of the primary growth factors in the affordable housing finance market is the increasing urban migration and the resultant pressure on urban housing infrastructure. Rapid urbanization, especially in developing economies such as India, China, Brazil, and several African nations, has led to a surge in demand for affordable housing solutions. Governments and private sector players are responding with innovative financing models that lower entry barriers for low- and middle-income families. Initiatives such as subsidized interest rates, public-private partnerships, and targeted lending programs have significantly expanded the reach of affordable housing finance, enabling millions to access formal housing markets. Furthermore, the rise of digital lending platforms has streamlined loan application and approval processes, making affordable housing finance more accessible and efficient for underserved populations.

Another significant driver for the affordable housing finance market is the emergence of specialized housing finance companies and microfinance institutions. These providers have tailored their offerings to the unique needs of low-income borrowers, who often lack traditional credit histories or collateral. By leveraging alternative credit assessment tools and community-based lending models, these institutions have been able to extend credit to previously excluded segments. Additionally, the proliferation of fintech solutions has enabled more accurate risk assessment and faster disbursement of loans, further accelerating market growth. As competition intensifies, financial institutions are innovating with flexible repayment options, longer loan tenures, and bundled financial products to attract and retain customers, thereby fueling the expansion of the affordable housing finance ecosystem.

Supportive government policies and regulatory frameworks have also played a pivotal role in shaping the affordable housing finance market. Many countries have introduced tax incentives, interest rate subsidies, and risk-sharing mechanisms to encourage lending to low-income homebuyers. For instance, the Pradhan Mantri Awas Yojana (PMAY) in India and the Low-Income Housing Tax Credit (LIHTC) program in the United States have been instrumental in driving affordable housing development and financing. International development agencies and multilateral institutions are also providing technical and financial assistance to strengthen housing finance infrastructure in emerging markets. These policy interventions, coupled with a growing recognition of housing as a fundamental human right, continue to create a favorable environment for the expansion of affordable housing finance globally.

From a regional perspective, the Asia Pacific region dominates the affordable housing finance market, accounting for the largest share in 2024 due to its vast population base and rapid urbanization. Countries like India, China, Indonesia, and Vietnam are witnessing unprecedented demand for affordable housing, prompting both public and private sector initiatives to boost housing finance availability. North America and Europe, while more mature markets, are experiencing renewed interest in affordable housing finance due to rising housing costs and increasing income inequality. Meanwhile, Latin America and the Middle East & Africa regions are emerging as high-growth markets, supported by demographic trends and targeted policy interventions. The regional outlook underscores the global nature of the affordable housing challenge and the diverse strategies being employed to address it.

Loan Type Analysis

The affordable

Snapshot img

Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

What will be the Size of the Residential Real Estate Market during the forecast period?

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How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period.

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The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Residential Real Estate Market Demand is Rising in APAC Request Free Sample

The market in the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

As of May 2025, there were nearly *** million housing units completed across the north Indian state of Uttar Pradesh within the "housing for all" (HFA) program since 2014. The HFA-program is part of the Pradhan Mantri Awas Yojana - Urban scheme of the Indian government. What is affordable housing? The right to housing is recognized as one of the very basic human rights in the Universal Declaration of Human Rights by the United Nations. The basic aim is to provide shelter for every human. The next step is to establish “adequate housing”. Thereby, a few conditions must be met to differentiate basic shelter from adequate housing. One of these conditions is affordability. From a broader perspective, affordability can be measured by correlating income and housing expenses. From a narrower perspective, the costs for housing must not compromise other basic rights such as the right to food or family well-being. Government schemes on affordability Indian governments since independence have focused on the issue of affordable housing in the context of poverty reduction. In 2015, the government announced a “housing for all” program that aimed at providing a safe home to every Indian by 2022. The existing Indira Awas Yojana was renamed in Pradhan Mantri Awas Yojana in the same year and split into one scheme for the urban and one for the rural population. Furthermore, the introduction of Real Estate Regulation Authorities in 2017 is meant to increase transparency on the market and strengthen the rights of buyers.

According to Cognitive Market Research, the global Residential Real Estate market size was USD 32651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13060.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9795.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7509.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1632.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 653.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The single-family homes category is the fastest growing segment of the Residential Real Estate industry

Market Dynamics of Residential Real Estate Market

Key Drivers for Residential Real Estate Market

Increasing population drives housing demand to Boost Market Growth

Increasing population drives housing demand by creating a need for more residential spaces to accommodate growing numbers of people. As population rises, particularly in urban and suburban areas, demand for housing expands, fueling the residential real estate market. This is especially evident in countries experiencing rapid urbanization, where people move to cities seeking better job opportunities, education, and lifestyle options, further increasing housing needs. Additionally, population growth often correlates with the formation of new households, such as young families or individuals moving out on their own, intensifying the demand for housing units. In response, developers and investors are motivated to build more residential properties, ranging from single-family homes to multifamily units, contributing to market growth and driving real estate values upward. For instance, The Ashwin Sheth Group aims to broaden its residential and commercial offerings in the Mumbai Metropolitan Region (MMR) of India.

Rising incomes and economic stability to Drive Market Growth

Rising incomes and economic stability drive the residential real estate market by boosting consumers’ purchasing power and confidence in long-term investments like homeownership. As incomes increase, people can afford larger down payments, qualify for higher loan amounts, and manage mortgage payments more comfortably, making home buying a more viable option. Economic stability, characterized by low unemployment rates and steady GDP growth, reinforces this confidence, as individuals feel secure in their financial situations. With greater disposable income, many consumers seek to upgrade to larger homes, buy second properties, or invest in luxury real estate, further fueling demand. This economic backdrop attracts both local and foreign investors, leading to more housing developments, increased property values, and a flourishing residential real estate market.

Restraint Factor for the Residential Real Estate Market

High Property Prices will Limit Market Growth

High property prices restrain the residential real estate market by making homeownership unaffordable for a significant portion of the population. As prices rise, potential buyers, particularly first-time homeowners and low- to middle-income families, may find it challenging to secure adequate financing or meet the necessary down payment requirements. This affordability crisis limits the pool of qualified buyers, leading to slower sales and potential stagnation in market growth. Additionally, high property prices can prompt increased demand for rental properties, shifting focus away from home purchases. In markets where prices escalate rapidly, even affluent buyers may hesitate, fearing potential market corrections. Consequently, elevated property values can create a barrier to entry, ultimately restricting the overall health and vibrancy of the residential real estate market.

Impact of Covid-19 on the Residential Real Estate Market

The COVI...

India Condominium And Apartments Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period 2026 to 2032.

India Condominium And Apartments Market: Definition/ Overview

The India Condominium And Apartments Market is characterized by the development and sale of residential units within multi-story buildings, where individual ownership is maintained for specific units while common areas are shared. These properties are commonly used for both residential and investment purposes, offering amenities such as gyms, pools, and security services, which are collectively managed by property associations or management companies.

The market is being shaped by rising urbanization, increased disposable income, and changing consumer preferences for convenient living spaces. Growing demand for modern housing in metropolitan cities has been observed as more individuals seek ready-to-move-in apartments that offer enhanced lifestyles and accessibility to essential services.

Urbanisation is a form of social transformation from traditional rural societies to modern, industrial and urban communities. It is long term continuous process. It is progressive concentration of population in urban unit. Kingsley Davies has explained urbanisation as process of switch from spread out pattern of human settlements to one of concentration in urban centers. Migration is the key process underlying growth of urbanization.

Challenges in urban development--->;

Institutional challenges

Urban Governance 74th amendment act has been implemented half-heartedly by the states, which has not fully empowered the Urban local bodies (ULBs). ULBs comprise of municipal corporations, municipalities and nagar panchayats, which are to be supported by state governments to manage the urban development. For this , ULBs need clear delegation of functions, financial resources and autonomy. At present urban governance needs improvement for urban development, which can be done by enhancing technology, administrative and managerial capacity of ULBs.

Planning Planning is mainly centralized and till now the state planning boards and commissions have not come out with any specific planning strategies an depend on Planning commission for it. This is expected to change in present government, as planning commission has been abolished and now focus is on empowering the states and strengthening the federal structure.

In fact for big cities the plans have become outdated and do not reflect the concern of urban local dwellers, this needs to be take care by Metropolitan planning committee as per provisions of 74th amendment act. Now the planning needs to be decentralized and participatory to accommodate the needs of the urban dwellers.

Also there is lack of human resource for undertaking planning on full scale. State planning departments and national planning institutions lack qualified planning professional. Need is to expand the scope of planners from physical to integrated planning- Land use, infrastructure, environmental sustainability, social inclusion, risk reduction, economic productivity and financial diversity.

Finances Major challenge is of revenue generation with the ULBs. This problem can be analyzed form two perspectives. First, the states have not given enough autonomy to ULBs to generate revenues and Second in some case the ULBs have failed to utilize even those tax and fee powers that they have been vested with.

There are two sources of municipal revenue i.e. municipal own revenue and assigned revenue. Municipal own revenue are generated by municipal own revenue through taxes and fee levied by them. Assigned revenues are those which are assigned to local governments by higher tier of government.

There is growing trend of declining ratio of own revenue. There is poor collection property taxes. Use of geographical information system to map all the properties in a city can have a huge impact on the assessment rate of properties that are not in tax net.

There is need to broaden the user charge fee for water supply, sewerage and garbage disposal. Since these are the goods which have a private characteristics and no public spill over, so charging user fee will be feasible and will improve the revenue of ULBs , along with periodic revision. Once the own revenue generating capacity of the cities will improve, they can easily get loans from the banks. At present due to lack of revenue generation capabilities, banks don’t give loan to ULBs for further development. For financing urban projects, Municipal bonds are also famous, which work on the concept of pooled financing.

Regulator

There is exponential increase in the real estate, encroaching the agricultural lands. Also the rates are very high, which are not affordable and other irregularities are also in practice. For this, we need regulator, which can make level playing field and will be instrumental for affordable housing and checking corrupt practices in Real estate sector.

Infrastructural challenges

Housing Housing provision for the growing urban population will be the biggest challenge before the government. The growing cost of houses comparison to the income of the urban middle class, has made it impossible for majority of lower income groups and are residing in congested accommodation and many of those are devoid of proper ventilation, lighting, water supply, sewage system, etc. For instance in Delhi, the current estimate is of a shortage of 5,00,000 dwelling units the coming decades. The United Nations Centre for Human Settlements (UNCHS) introduced the concept of “Housing Poverty” which includes “Individuals and households who lack safe, secure and healthy shelter, with basic infrastructure such as piped water and adequate provision for sanitation, drainage and the removal of hou...

In 2023, housing loans accounted for **** percent of India's GDP and are projected to increase to ** percent by 2025. Over the past six years, the home loan portfolio has experienced significant growth due to increased disbursements fueled by the rising demand from tier-2 and tier-3 cities, increased nuclear families, and growing disposable income.

As of September 2025, Mumbai had the highest cost of living among other cities in the country, with an index value of ****. Gurgaon, a satellite city of Delhi and part of the National Capital Region (NCR) followed it with an index value of ****.  What is cost of living? The cost of living varies depending on geographical regions and factors that affect the cost of living in an area include housing, food, utilities, clothing, childcare, and fuel among others. The cost of living is calculated based on different measures such as the consumer price index (CPI), living cost indexes, and wage price index. CPI refers to the change in the value of consumer goods and services. The wage price index, on the other hand, measures the change in labor services prices due to market pressures. Lastly, the living cost indexes calculate the impact of changing costs on different households. The relationship between wages and costs determines affordability and shifts in the cost of living. Mumbai tops the list Mumbai usually tops the list of most expensive cities in India. As the financial and entertainment hub of the country, Mumbai offers wide opportunities and attracts talent from all over the country. It is the second-largest city in India and has one of the most expensive real estates in the world.

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REIT Market Size 2025-2029

The reit market size is forecast to increase by USD 372.8 billion, at a CAGR of 3% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing global demand for warehousing and storage facilities. This trend is fueled by the e-commerce sector's continued expansion, leading to an increased need for efficient logistics and distribution networks. An emerging trend in the market is the rise of self-storage as a service, offering investors attractive returns and catering to the growing consumer preference for flexible and convenient storage solutions. However, the market faces challenges as well. Vertical integration by e-commerce companies poses a threat to the industry, as these companies increasingly control the entire supply chain from production to delivery, potentially reducing the need for third-party logistics and storage providers. Additionally, regulatory changes and economic uncertainties can impact REITs' profitability and investor confidence. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of these trends and adapt to the evolving landscape.

What will be the Size of the REIT Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with various sectors such as retail, industrial, and commercial real estate experiencing dynamic shifts. Family offices, pension funds, high-net-worth individuals, and sovereign wealth funds increasingly invest in this asset class, seeking diversification and stable returns. Market volatility, driven by economic cycles and interest rate fluctuations, influences investment strategies. Artificial intelligence and property technology are transforming the industry, with data analytics and digital platforms streamlining property management, investment, and appraisal processes. Multifamily housing and single-family homes remain popular choices due to their rental income potential and capital appreciation opportunities. Property taxes, inflation risk, and maintenance costs are essential considerations for investors, requiring effective risk management strategies. Net operating income, return on equity, and occupancy rates are critical performance metrics. Regulatory environment and property regulations also impact the market, influencing capitalization rates and shareholder value. Institutional investors explore equity and debt financing, real estate brokerage, and securities offerings to capitalize on opportunities. Property investment platforms, real estate syndications, and property management companies facilitate access to diverse offerings. Green building standards and sustainable development are gaining traction, attracting socially responsible investors. The ongoing digital transformation of the real estate sector, including smart buildings and hybrid REITs, offers new investment opportunities and challenges. Investors must stay informed of market trends and adapt their strategies accordingly.

How is this REIT Industry segmented?

The reit industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeIndustrialCommercialResidentialApplicationWarehouses and communication centersSelf-storage facilities and data centersOthersProduct TypeTriple netDouble netModified gross leaseFull servicePercentageGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSingaporeRest of World (ROW).

By Type Insights

The industrial segment is estimated to witness significant growth during the forecast period.The retail and industrial real estate sectors dominate the market, with industrial real estate leading in 2024. The industrial segment's growth is driven by the increasing demand for warehousing space due to the surge in e-commerce and online sales during the COVID-19 pandemic. Supply chain disruptions have compelled companies to lease more warehouse space to store additional inventory, leading to increased occupancy and rental rates. Furthermore, the proximity of fulfillment centers to metropolitan areas caters to the growing number of online consumers. This trend will continue to fuel the expansion of industrial REITs, offering significant growth opportunities for the market. Asset management companies, pension funds, and high-net-worth individuals are increasingly investing in REITs for their attractive dividend yields and potential for capital appreciation. Private equity firms and family offices are also active players in the market, providing equity financing for REITs. Real estate agents and brokers facilitate transactions, while debt financing from banks and i

Discover the booming Asia-Pacific REIT market! This in-depth analysis reveals a $309.06 million market in 2025, projected to grow at 8.24% CAGR through 2033, driven by urbanization, e-commerce, and government policies. Explore key players, regional breakdowns, and future trends impacting REIT investment in China, Japan, Australia, and beyond. Recent developments include: May 2023: Brookfield India Real Estate Investment Trust (REIT) and Singapore’s sovereign wealth fund GIC set up a strategic platform to acquire two large commercial assets totaling 6.5 million sq ft from Brookfield Asset Management’s private real estate funds in an equal partnership. The acquisition includes commercial properties in Brookfield’s Downtown Powai, Mumbai, and Candor TechSpace, Sector 48, Gurugram, for a combined enterprise value of around USD 1.4 billion., March 2023: Sabana Industrial REIT entered into agreements with Keppel EaaS, a wholly-owned subsidiary of Keppel Infrastructure, to implement sustainability solutions and initiatives across the REIT’s selected portfolio properties.. Key drivers for this market are: Urbanization is Driving the Market. Potential restraints include: Urbanization is Driving the Market. Notable trends are: Growth in Disposable Income is Driving the Market.

In the financial year 2021, a majority of Indian households fell under the aspirers category, earning between ******* and ******* Indian rupees a year. On the other hand, about ***** percent of households that same year, accounted for the rich, earning over * million rupees annually. The middle class more than doubled that year compared to ** percent in financial year 2005. Middle-class income group and the COVID-19 pandemic During the COVID-19 pandemic specifically during the lockdown in March 2020, loss of incomes hit the entire household income spectrum. However, research showed the severest affected groups were the upper middle- and middle-class income brackets. In addition, unemployment rates were rampant nationwide that further lead to a dismally low GDP. Despite job recoveries over the last few months, improvement in incomes were insignificant. Economic inequality While India maybe one of the fastest growing economies in the world, it is also one of the most vulnerable and severely afflicted economies in terms of economic inequality. The vast discrepancy between the rich and poor has been prominent since the last ***** decades. The rich continue to grow richer at a faster pace while the impoverished struggle more than ever before to earn a minimum wage. The widening gaps in the economic structure affect women and children the most. This is a call for reinforcement in in the country’s social structure that emphasizes access to quality education and universal healthcare services.

The City and Industrial Development Corporation (CIDCO) is undertaking the low-cost housing development project in Maharashtra, India.The project involves the construction of 12,000 low-cost homes. The apartments will be constructed in Ghansoli, Vashi, Kharghar and Taloja.The project is being developed in phases. In the first phase, around 3,154 1 BHK houses and 1,224 2 BHK & 3 BHK category houses are planned in Sector 36 of Kharghar. For total 3,154 1 BHK houses, there will be totally 22 seven-story buildings with 704 tenements for economically weaker sections (EWS) category and 32, 14-story buildings of 2,450 tenements for low-income groups (LIG) category.The 7,566 houses will be built for the lower income group in Ghansoli, Vashi and Taloja. As of January 2015, the first phase of the project is under construction.In March 2016, CIDCO is planning to build low-cost homes at Taloja, as part of the low-cost housing development project.Construction works on the first phase are underway. Read More