Experts from the real estate sector predict
The Indian real estate sector has stirred up a lot of interest among overseas investors in India. The real estate sector predicts that the flow of overseas investments during 2024 is likely to increase significantly.
This is attributed to a growing domestic economy, policy reforms, and the development of infrastructural amenities. These have made the country an attractive destination for foreign investments.
Policies governing economic liberalisation and ease of doing business are attractive, especially the GST regime and RERA legislation, which inject a greater degree of transparency into the real estate sector.
These measures have enhanced overseas realtors’ confidence in Indian real estate.
Make-in-India Smart Cities Mission programmes have been paving the way for the development of basic amenities. As a result, a strong foundation has been laid for real estate development.
Therefore, real estate experts in this backdrop predict that overseas investors are keen to invest in India, and cities like Mumbai, Delhi, and Bengaluru will emerge as attractive destinations for these investors.
Mumbai has topped the list of cities attracting foreign investment by virtue of its powerful business environment and the implementation of significant infrastructural development projects. Delhi has been offering divergent opportunities for overseas investors with its strategic location and rapid urbanization. Similarly, the Silicon Valley of India, the garden city of Bengaluru, attracts investors because of the growing IT sector and skilled workforce.
- The residential as well as commercial real estate sectors hold attractive options for overseas investors to invest in. Urbanisation and a growing middle-class population are crucial for the market. The growing demand for office space in developing business centres has put commercial real estate on the high road to development.
Against this backdrop, real estate experts predict that the flow of real estate investments will increase significantly during the current year too.
