CREDAI-CBRE report identifies key trends paving the way for growth of real estate in 2030

CREDAI in association with its knowledge partner CBRE, released a report “India 2030: Exploring the Future” at its 19th Annual International Convention, NATCON 2019 in Israel. The report encapsulates the potential of Indian economy by 2030 and its implications on the growth of Indian real estate sector. As per the report, India is projected to have a $9 trillion economic opportunity by 2030, wherein the per capita income could touch $5,625 for a population of about 1.5 billion and required annual spending on infrastructure will touch 7-8% of its GDP.
The demand for residential and office stock will continue to grow at the back of policy reforms on affordable housing and close-integration of start-ups and conglomerates to offer tech-enabled services. Retail and logistics industry will become significant contributors as India will consolidate its position as the 3rd largest consumer market behind US, China.
CREDAI chairman Jaxay Shah said, “The correlation between the growth of some of the most developed economies and Realty has been well established for years and this report also echoes that. We are dreaming of a vision of a New India which is full of opportunities and implies growth.”