India's real estate market is experiencing phenomenal growth, poised to claim the title of Asia's real estate capital. According to the 2024 GROHE-Hurun India Real Estate 100 report, India's real estate companies boast a staggering valuation of $36 billion, surpassing China's growth rate.

Propelling India's Real Estate Ascent:

• Expanding Middle Class: India's burgeoning middle class, projected to reach a staggering 547 million by 2030, is fueling a surge in residential property demand. This translates to a projected growth of 10-12% in residential sales for FY 2024-25.

• Foreign Investment Gains Traction: Overseas investors are recognizing India's potential, with yearly foreign investments reaching around $4 billion. This capital influx further accelerates market growth.

• National Expansion: Real estate companies are transcending regional boundaries, with 60% of the top 100 firms operating beyond their state headquarters. This signifies a national brand-building trend in the Indian real estate sector.

• Global Ambitions: Indian real estate companies are setting their sights on the international market. With six companies on the 2024 GROHE-Hurun list boasting an international presence, and a strong Indian diaspora abroad, this trend is poised for significant growth.

Dominant Players in the Indian Real Estate Arena:

• DLF leads the pack with a valuation of Rs 2,02,140 crore.

• Macrotech Developers follows closely behind at Rs 1,36,730 crore.

• Indian Hotels Company secures the third spot with a valuation of Rs 79,150 crore.

Shifting Geographical Landscape:

While Mumbai remains a dominant hub with 60% of the top 10 companies headquartered there, Bengaluru and other emerging cities like Gurugram and Ahmedabad are witnessing a rise in prominent real estate players.

A Promising Future:

India's real estate sector is further bolstered by infrastructural advancements. The projected addition of 200,000 km of national highways by 2037 is expected to foster the growth of micro-cities and unlock further value in the Indian real estate market.

- Source : Investing.com