India on Track to Become Asia's Real Estate Hub, Surpassing China
India's real estate market is booming, driven by a young population, increasing urbanization, and a growing middle class, while China's market struggles with excess supply and high debt levels.
Real EstateIndiaChinaHurun ReportReraReal Estate NewsJul 11, 2024
The implementation of the Real Estate (Regulation and Development) Act (RERA) has also enhanced transparency and accountability, boosting investor confidence. In contrast, China's real estate market is facing significant headwinds due to government clampdowns, demand slowdown, excess supply, and high debt levels among property developers.
According to Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, 'With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12 per cent in FY 2024-25. Rising foreign investments of around US$ 4 billion yearly are further catalysing growth.'
The report also highlights the decline of China's real estate market, with the number of billion-dollar listed companies plummeting from 100 to just 30. In contrast, India's most valuable real estate firms have a cumulative value of Rs 14.2 lakh crore, more than the combined GDP of Oman and Sri Lanka.
The top real estate companies in India include DLF, Macrotech Developers, and Indian Hotels Company, with Adani Realty, K Raheja Group, and Aparna Construction's Estates being some of the most valuable unlisted companies.
The report also provides insights into the regional distribution of real estate companies in India, with the Western Region accounting for 41 per cent of the listed companies, followed by the Northern Region (29 per cent) and the Southern Region (28 per cent).
Information Hurun Report is a leading research firm that provides insights into the wealth and luxury sectors. The GROHE-Hurun India Real Estate 100 report is an annual ranking of India's top real estate companies.
Hurun India is a leading research firm that provides insights into the wealth and luxury sectors. GROHE is a leading global brand for sanitary fittings and a partner of the Hurun India Real Estate 100 report.
Frequently Asked Questions
What is the projected growth rate of residential sales in FY 2024-25?
10-12 per cent
What is the cumulative value of India's most valuable real estate firms?
Rs 14.2 lakh crore
Which company has emerged as the top real estate company in India?
DLF
What is the main reason for China's real estate market decline?
Government clampdowns, demand slowdown, excess supply, and high debt levels among property developers
What is the projected size of India's middle class by 2030?
547 million
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