Source: Financial Express (https://bit.ly/43w9OHB)

In 2024, India’s real estate market is experiencing a significant surge in interest from foreign investors. The nation’s burgeoning economy, coupled with policy reforms and infrastructural development, has positioned India as a lucrative destination for global real estate investment. Several key factors contribute to the growing appeal of India’s real estate sector for international investors.

One of the primary drivers is the Indian government’s commitment to economic liberalization and ease of doing business. Reforms such as the Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act have streamlined processes and increased transparency, instilling confidence in foreign investors. Additionally, initiatives like “Make in India” and “Smart Cities Mission” have fueled infrastructural development, creating a robust foundation for real estate growth.

The residential and commercial real estate sectors are key areas of interest for foreign investors. The residential market, driven by a growing middle class and urbanization, presents opportunities for affordable housing projects. Commercial real estate, fueled by the demand for office spaces in emerging business hubs, is another lucrative avenue. India’s proclivity for sustainable development is also attracting foreign capital. Investors are keen on projects that align with environmental and social responsibility, reflecting a global trend towards sustainable investments.

India’s real estate market is witnessing a surge in foreign investments in 2024, driven by economic reforms, infrastructural development, and a commitment to sustainability.