Expert Comment on India`s real estate sector is expected to expand to USD 5.8 trn by 2047 Say`s Mr. Pradeep Aggarwal, Signature Global (India) Ltd
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Below the comment on India’s real estate sector is expected to expand to USD 5.8 trillion by 2047: Knight Frank-NAREDCO Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
"The real estate sector - both residential and commercial - has demonstrated tremendous perseverance over the years and performed remarkably well particularly in recent times. The housing sector particularly has emerged stronger and healthier in the aftermath of the Covid pandemic. Sales have been stronger, prices have inched up and there has been a substantial reduction in unsold inventory. The positives reflect the tremendous resilience of the sector and is an indicator of a brighter future. It is expected to continue thriving in the near future.
As the Indian economy continues to perform well despite global headwinds, the overall future of commercial real estate also seems bright.
As such, the real estate sector is expected to continue its upward march in the foreseeable future.
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