India Real Estate Market Set to Surge to $985.8 Billion by 2030, Driven by Residential Recovery, Commercial Leasing & Tier‐II Expansion

Mordor Intelligence has published a new report on the India Real Estate Market, offering a comprehensive analysis of trends, growth drivers, and future projections.

India Real Estate Market Overview

The Indian real estate market is projected to grow from USD 332.85 billion in 2025 to USD 985.80 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 24.25% over the forecast period. This dramatic expansion stems from a combination of rising urbanisation, increasing disposable income, supportive government housing programs, and renewed demand across property types.

In 2024, the industry showed momentum across multiple segments. Residential sales rose, particularly in leading urban centers, while the office segment witnessed record leasing in major cities. Investments poured into commercial and industrial real estate, and key developments in infrastructure and regulation smoothed the path forward. As a result, India's real estate stands at the brink of a major upswing, benefitting buyers, developers, and investors alike.

Report Overview: https://www.mordorintelligence.com/industry-reports/real-estate-industry-in-india?utm_source=openPR

Key Trends

Residential market regains momentum
Residential real estate is riding strong demand, especially in metros such as Bengaluru, Mumbai, and Pune. Sales rose significantly in 2024, supported by improved mortgage rates and faster clearances on stalled projects. Affordable and mid-market housing are gaining traction, driven by government housing schemes and consumer confidence in the market.

Commercial leasing breaks records
India's office sector had its strongest first half in 2024: leasing volumes across seven key cities exceeded 33.5 million sq ft. Demand from global capability centers and IT/BPM firms led the charge, with cities like Bengaluru accounting for over 40% of corporate leases.

Tier‐II and III cities rising
Shrinking infrastructure gaps, improved connectivity, and affordable land are steering demand outward from metro cores into tier‐II and III cities. Residential construction in these regions is picking up steam, drawing new buyers and developers alike.

Investor interest in commercial & logistics space
Commercial real estate, including retail, hospitality, logistics, and industrial segments, also saw heightened investment in 2024. Institutional investors and foreign capital poured in, confident in the clearer regulatory framework under RERA and GST.

Market Segmentation

India's real estate market embraces a range of property types, distribution channels, and regional dynamics:

By Property Type

Residential: Includes apartments, villas, and affordable housing. Apartments lead, with mid-segment catering to most households.

Office: Driven by IT/ITeS and shared-space demand. Leasing surpassed previous peaks in key cities.

Retail and Hospitality: Gaining from tourism and consumer spending, supported by smart-city drives.

Industrial & Logistics: Benefiting from e-commerce growth and infrastructure focus.

By Construction Type

New builds: Account for the majority of activity, especially apartments in high-growth areas.

Renovation and modern methods: Growing faster as demand rises for smart and prefabricated structures.

By Geography

Metropolitan regions: Mumbai, Delhi NCR, Bengaluru, Chennai, Hyderabad and Pune remain primary markets.

Tier-II & III cities: Eastern, central, and North-Eastern regions stand out as emerging hotspots.

Luxury segment: High-end urban apartments and villas are growing strongly, especially in Mumbai and Hyderabad.

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Key Players

India's real estate market features a diverse set of developers and service providers across residential, commercial, and industrial sectors:

Godrej Properties, Prestige Estates, Oberoi Realty, DLF, Sobha, Lodha Group, Brigade Enterprises and Phoenix Mills are among the leading residential developers.

IndiaBulls Real Estate, DLF Ltd., Godrej Properties, Oberoi Realty, and L&T Realty are significant players in commercial development.

The luxury segment sees strong engagement from top-tier developers like those listed above, who are focusing on premium apartment and villa projects, often in prime city zones.

Service providers, such as Cushman & Wakefield, CBRE Group, and other consultancies, support both leasing and investment strategies, with some focused-on tier-II and III expansion.

These organizations are leveraging newer technologies, digital payment platforms, flexible sales models, and regulatory clarity under RERA and GST to gain consumer trust and streamline operations.

Conclusion

India's real estate sector is on a strong growth path, driven by rising residential demand, record commercial leasing, and expansion into tier-II and III cities. Improved regulations and infrastructure development are boosting market confidence. As developers adapt to changing consumer needs and investment increases across segments, the industry is well-positioned for sustained growth in the years ahead.

Industry Related Reports

US Residential Real Estate Rental Market: The Market is segmented into Apartments and Condominiums (covering Fundamental Factors and the Supply and Demand Scenario) and Villas and Landed Houses (covering Fundamental Factors and the Supply and Demand Scenario).

To know more visit this link: https://www.mordorintelligence.com/price-trend/united-states-rental-rate-for-residential-real-estate-market?utm_source=openPR

Oman Luxury Residential Real Estate Market: The Market is segmented by Type (Apartments and Condominiums, Villas, and Landed Houses) and by Key Cities (Muscat, Dhofar, Musandam, and the Rest of Oman).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/oman-luxury-residential-real-estate-market?utm_source=openPR

Qatar Luxury Residential Real Estate Market: The Market is segmented by Type (Apartments and Condominiums, Villas, and Landed Houses) and by Key Cities (Doha, Al Wajbah, Al Wakrah, and Other Cities).

To know more visit this link: https://www.mordorintelligence.com/industry-reports/qatar-luxury-residential-real-estate-market?utm_source=openPR

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This release was published on openPR.