INDIAN REAL ESTATE AT A GLANCE IN 2019 - 2020The Indian Real Estate sector witnessed an annual rise of 170 per cent, attracting US$ 1 billion in 2019. By 2040, real estate market is estimated to grow to Rs 65,000 crore (US$ 9.30 billion) from Rs 12,000 crore (US$ 1.72 billion) in 2019. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025.
Indian real estate increased by 19.5 per cent CAGR in 2019. Office space leasing in the top eight cities is expected to cross 100 million square feet during 2018-20. Co-working space across top seven cities increased to reach 12 sq ft by the end of 2019. In first nine month of 2019, the office sector demand with commercial leasing activity reached 47 mn sq ft. During 2019, the office leasing reached 60.6 million sq ft across eight major cities registering a growth of 27 per cent year on year. In 2019, Bengaluru saw the highest volume of office space leased at 15.3 msf, followed by Hyderabad at 12.8 msf.
Investments in the industry
Private Equity and Venture Capital investments in the sector have reached US$ 1.47 billion between Jan-Mar 2019. Between 2009-18, Indian real estate sector attracted institutional investments worth US$ 30 billion and received US$ 2.3 billion in first half of 2019. Real estate attracted around US$ 14 billion of foreign private equity (PE) between 2015 and Q3 2019. Real estate attracted around Rs 43,780 crore (US$ 6.26 billion) of investments in 2019.
