Urbanization and Demographics to Drive Realty Sales in 2024
Aman Gupta of RPS Group shares his insights on the current state of the real estate sector in India and its growth prospects in 2024.
Real EstateUrbanizationDemographicsInfrastructureSustainabilityRegulatory ComplianceReal EstateJun 20, 2024
Frequently Asked Questions
What are the key drivers of real estate growth in 2024?
Urbanization, favorable demographics, and robust infrastructure are expected to drive real estate growth in 2024.
What are the major challenges facing the real estate sector?
Supply chain disruptions, rising interest rates, and inflation are some of the major challenges facing the real estate sector.
What role can the real estate sector play in promoting sustainability?
The real estate sector can promote sustainability by embracing environmentally-friendly practices, using energy-efficient designs and materials, and fostering inclusive social sustainable capacity.
How can the sector adapt to changing consumer preferences?
The sector can adapt to changing consumer preferences by incorporating innovation and technology, using smart technologies for home automation, and considering mixed-use developments.
What role should the government play in supporting the real estate sector?
The government should support the real estate sector by promoting affordable housing schemes, fast-track approvals, and sustainable natural resources, while balancing regulatory oversight and market dynamics.
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