India's Real Estate Market Remains Strong, but Challenges Persist in Affordable and ₹10-50 Crore Segments
Despite some concerns, India's real estate market remains robust. Experts like Niranjan Hiranandani, Chairman of Hiranandani Group, and Gulam Zia highlight the market's resilience while pointing out challenges in the affordable and ₹10-50 crore segments.
Real EstateAffordable HousingReraIndiaMarket TrendsReal EstateMar 18, 2025
The real estate sector in India has been a cornerstone of economic development, contributing significantly to GDP and employment. Over the past few years, the market has seen a steady influx of investments, driven by a combination of favorable government policies and a growing middle class. The demand for housing, especially in urban areas, has been robust, with a notable increase in the number of first-time homebuyers.
However, the market is not without its challenges. One of the primary concerns is the affordability of homes, particularly in the ₹10-50 crore segment. This segment, which caters to the upper-middle and upper classes, has seen a slowdown in demand due to high prices and limited availability. Niranjan Hiranandani points out that developers need to focus on creating more affordable options to attract a broader range of buyers.
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Frequently Asked Questions
What is the current state of India's real estate market?
India's real estate market remains robust, with a steady influx of investments and a growing demand for housing, especially in urban areas. However, concerns about affordability and demand in certain segments persist.
What are the main challenges in the ₹10-50 crore segment?
The ₹10-50 crore segment faces challenges such as high prices and limited availability, which have led to a slowdown in demand. Developers need to focus on creating more affordable options to attract a broader range of buyers.
How has the regulatory environment impacted the real estate sector?
While the government has introduced measures like RERA and GST to streamline the sector, compliance remains a concern. A more streamlined and transparent regulatory framework is needed to boost investor confidence.
What is the outlook for the real estate market in the long term?
Experts remain optimistic about the long-term prospects of the real estate market in India. The government's focus on infrastructure development and the trend of remote working are expected to drive growth and create new opportunities.
What is the role of the Hiranandani Group in the real estate sector?
The Hiranandani Group is one of India's leading real estate developers, known for delivering high-quality residential and commercial projects. The group is committed to innovation and excellence in the real estate sector.
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