Luxury property sales have jumped 130% in 2023 alone Over $4 billion flowed into Indian real estate in the first half of 2023, as foreign investors seek stability and growth in India as compared to China. The rationale behind this is India’s stable economic growth and increasing disposable income of the middle class that’s causing real estate demand on a larger scale. Commercial Real Estate has also seen a rise, driven by the growth of industries and the need for modern office spaces. India’s per capita income is surpassing $2,000 increased purchase power is driving investments in luxury real estate and transforming the GDP into a consumption-driven economy. The real estate market, valued at $265 billion in 2023, is projected to reach $1 trillion by 2030 and $5.8 trillion by 2047. ( Reji Philip)
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