Market Share of Top Real Estate Developers in India Doubles in 5 Years
At a FICCI real estate conference in New Delhi, Gaurav Pandey, CEO of Godrej Properties, highlighted that the market share of the top 15 developers has doubled to nearly 20% in the last five years, with expectations of further consolidation.
Real EstateMarket ShareTop DevelopersGodrej PropertiesFicci ConferenceReal EstateFeb 11, 2025
Pandey emphasized that the market share of the top 15 developers has more than doubled in the last five years, reaching nearly 20%, and he anticipates further demand consolidation towards big branded builders in the coming years.
Pandey pointed out that the housing sector is not an easy sector to operate in.
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Frequently Asked Questions
What did Gaurav Pandey, CEO of Godrej Properties, highlight at the FICCI real estate conference?
Gaurav Pandey highlighted that the market share of the top 15 real estate developers in India has doubled to nearly 20% in the last five years, with expectations of further consolidation in the coming years.
What was the demand for residential real estate in India in 2024?
In 2024, the residential real estate demand in India reached about 1 billion square feet, the highest ever recorded.
What is the projected gross leasing for the Indian office market in 2025?
The projected gross leasing for the Indian office market in 2025 is 65-70 million square feet.
How does the recent budget impact the real estate sector according to Gaurav Pandey?
According to Gaurav Pandey, the recent budget, particularly the tax cuts, will boost consumption demand and have a positive trickle-down effect on various sectors, including residential real estate.
What is the expected impact of the repo rate reduction by the Reserve Bank of India?
The 25 basis points reduction in the repo rate is expected to impact the private capex cycle, potentially leading to further cuts of between 50 to 75 basis points, which could significantly boost various investments, including home loans.
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