2025印度房地产行业研究报告

Executive Summary3Advantage India4Market Overview and Trends6Recent Trends and Strategies14Growth Drivers16Opportunities25Key Industry Contacts28Appendix30 Executive summary InIndia,therealestatesectoristhesecond-highestemploymentgenerator,aftertheagriculturesector.The Indian real estate market is projectedto experience asubstantial increase,potentiallyreachingavalueofUS$5-7trillionbytheyear2047,withthepossibilityofsurpassingUS$10trillion.India’shousingmarketwitnessedasharpsurgeinFY25,withtierIcitiesrecordingrecord-highprimary housing sales worth Rs.6,70,000crore(US$76.53 billion),markinga96%jumpcomparedtoFY22,accordingtotheCREDAI-CREMatrixPanIndiareport.RealestatesectorinIndiaisexpectedtoreachUS$1trillionby2030.By2025,itcontributed13%tothecountry’sGDP.Rapidurbanisationbodeswellforthesector.ThenumberofIndianslivinginurbanareasisestimatedtobearound542.7millionby2025and675.5millionby2035andreach900millionby2047.Construction is one of the largest sectors in terms of FDI inflow.FDI in theConstructionActivitiessectorstoodatRs.323,987crore(US$36.85billion)andintheConstructionDevelopmentsectorstoodatRs.2,39,261crore(US$27.21billion)fromApril2000-June2025.GovernmentofIndia’s‘HousingforAll’initiativeisexpectedtobringUS$1.3trillioninvestmentinthehousingsectorby2025.India’sluxuryhousingmarketwitnessedaremarkablesurgeinH12025,withsalesof7,000homespricedbetweenRs.4-6crore(US$466,091-699,137),markingan85%YoYincrease,accordingtoajointreportbyCBRESouthAsiaandAssocham.India’srealestatemarketwitnessedanunprecedentedlandacquisitionspreeinH12025(January-June2025),with2,898acrestransactedacross76deals,surpassingthe2,515 acres across 133 deals recorded in the whole of 2024,according toAnarock’sreport.PrivateequityinflowsintoIndia’srealestatesectorrose38%YoYtoRs.20,566crore(US$2.4billion)inH12025,withQ2contributingRs.13,710crore(US$1.6billion),doublethepreviousquarter,SavillsIndiareported.India’shousingmarketranked15thgloballyinQ12025(January-March)with7.7%annualpricegrowth,drivenbystrongdemand,risingincomes,investorconfidence,andstableinterestrates.India'sphysicalretaillandscapeispoisedforasubstantialboost,withnearly41millionsq.ftofretaildevelopmentssettobeoperationalbetween2024and2028acrossthetop7cities,encompassingprojectsinvariousstagesfromconstructiontoplanning. Advantage India 3.ATTRACTIVE OPPORTUNITIES 2.ROBUST DEMAND Therealestatesectorshowspromisewithaprojected9.2%CAGRfrom2023to2028.2025isexpectedtodrivegrowthwithurbanization,rentalmarketexpansion,andpropertypriceappreciation.ICRAexpectsnewprojectlaunchesacrossthetopsevencitiestoriseby6-9%inFY26,reachingaround620-640millionsquarefeetAveragehomepricesroseby13-15%inFY25,andthey'reexpectedtoclimbanother3-5%inFY26,asignthatdemandremainsstronganddeveloperscontinuetoholdpricingpower.Privatemarketinvestor,Blackstone,whichhassignificantlyinvestedintheIndianrealestatesectorworthRs.3.8lakhcrore(US$50billion),isseekingtoinvestanadditionalRs.1.7lakhcrore(US$22billion)by2030.TheReserveBankofIndiacutthereporateby50basispointsinJune2025,significantlyreducinghomeloanEMIsandboostingrealestatedemandandbuyerconfidence. India’shousingmarketisshiftingasmorebuyersseeklarger,premiumhomes.TheAnarockH12025surveyshows36%nowpreferpropertiespricedbetweenRs.90lakh-1.5crore(US$1,02,052-1,70,087),upfrom18%beforeCovid-19.LuxuryhomedemandinIndiaremainedstrongin2025,withsalesofRs.4crore(US$0.5Million)andaboverisingnearly28%YoYacrosssevenmajorcities.InQ12025,1,930luxuryhomesweresoldacrossIndia’stopsevencities,a 28%jump from the 1,510units sold in thesameperiodthepreviousyear. 1.INCREASINGINVESTMENTS Drivenbyincreasingtransparencyandreturns,there’sasurgeinprivateinvestmentinthesector.Asof October 7,2025,Indian real estateattractedRs.37,625crore(US$4.3billion)ininstitutionalinvestments during the first ninemonthsof 2025,led by a 52%surge indomesticcapital contribution and sustaineddemandin office and residential segments,reflectingcontinuedinvestorconfidencedespiteglobaluncertainties.AccordingtoAnarockCapital,Foreignprivateequity(PE)investmentsinIndianrealestatereachedapproximately US$3.1 billion inFY25,marking a significant increase fromUS$2.6billioninFY24.AsofOctober7,2025,IndianrealestatedrewRs.37,625 crore(US$4.3 billion)ininstitutionalinvestmentin2025,ledbya52%riseindomesticcapitalandrobustinflowsintoofficeand residential assets,underscoringsustainedinvestorconfidence. 4.POLICY SUPPORT The Government has allowed FDI of up to100%fortownshipsandsettlementsdevelopmentprojects.The Union Budget 2025-26 allocated Rs.1lakhcrore(US$11.35 billion)to the UrbanChallengeFund,aiming to transform citiesintogrowthhubsthroughredevelopmentandinfrastructureprojects.The National Real Estate Policy 2025introduceda major reform with a unifiedsingle-window clearance system for realestateprojects,aimedatstreamliningapprovalsandreducingprojectdelaysbyupto40%.The policy also incentivizes green-certifieddevelopmentswithtaxbenefits andsubsidiestopromotesustainableconstruction. Market Overvi