Abstract
Exhibiting dogged resilience and backed by several key policy measures, the Indian economy has continued on its growth trajectory after the pandemic lows, despite global headwinds. With the RBI’s 6.5% GDP growth forecast for FY23-24, India continues to remain one of the fastest-growing economies in the world. In complete sync, the country’s real estate sector too is projected to grow significantly; a combined NAREDCO (National Real Estate Development Council) and EY report has stated it could reach USD 1 trillion, potentially contributing 18%-20% of India’s GDP, by 2030. The paper talks about some of the policy decisions that have not just defined the real estate sector’s impressive growth trajectory until now but, could also impact its future.
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