India's economic transition, workforce expansion and urbanisation will boost investment opportunities in real estate sector in the next decade, leading to significant growth in housing, office, retail ans commercial space. The sector would expand tremendously by 2030, led by new asset classes such as coworking, coliving, student housing and real estate investment trusts (REITs).Real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will contribute 13 per cent of the country’s GDP.Real Estate stock in India is expected to reach 3.7 million square feet in 2019, with addition of 200 million square feet during the year.Office space stock will touch one billion sqft by 2030, with flexible workspace accounting for 8-10 per cent of the total stock.The retail shopping centre stock is estimated to cross 120 million sqft by 2030, while warehousing stock could touch 500 million sqft by then.By 2030, residential real estate has the potential to almost double from the current stock of 1.5 million units in key cities .By 2030, residential real estate has the potential to almost double from the current stock of 1.5 million units in key cities. As the Indian economy transitions and its workforce expands, it will offer vast development and investment opportunities for the real estate sector.
India is expected to grow by 7% in 2019 and 7.2% in 2020 and touch 9% by 2022-2023 , still the fastest-growing economies in Asia. Trade, construction and manufacturing were the main drivers of growth. The government’s annual projections for 2019 and 2020 are set at 7-8%. The currency has been very stable for almost five years now.
This tells the world how safe it is to invest in a country. India was awarded Investment Grade by three of the biggest credit rating agencies in the world.
India belongs to the biggest destination of remittance flows. Remittances from more than 25 million overseas Indian Diaspora are the second largest source of foreign exchange for India, next to the earnings of the IT sector. Cash remittances from overseas Indians reached USD80 Billion from January to Dec 2018, up by 6.1% from the same period last year.
India is followed by China (USD 67 billion), Mexico and the Philippines (USD 34 billion each) and Egypt (USD 26 billion),
India is located right in the heart of Asia – today the fastest growing region. It is located within four hours flying time from major capitals of the region. Sited at the crossroads of the eastern and western business, it is a critical entry point to over 500 million people in the Association of Southeast Asian Nations (ASEAN) market and a gateway of international shipping and air lanes suited for European and American businesses.Low Cost of Doing Business
Wages are typically less than a sixth of that in the United States. Local communication, electricity, and housing costs are also 70% lower compared to the US rates. Foreign companies that are now outsourcing programming and business processes to the India estimate 40%-50% business cost savings.
India climbed 23 points in the index to 77th place in 2019, becoming the top ranked country in South Asia for the first time and third among the BRICS. The country has figured among the 20 countries that have improved the most on the list. China, Bangladesh, Myanmar and Pakistan are also part of the list which, as per the bank “is purely based on the improvements across 10 different regulatory areas.
India scored 62.02 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in India averaged 13.83 Points from 2007 until 2018, reaching an all time high of 62.02 Points in 2018 and a record low of 4.20 Points in 2015.India has moved up six places to rank 34th on world travel and tourism competitiveness index, driven by rich natural and cultural resources and strong price competitiveness.
India offers diverse natural resources, from land to marine to mineral resources. It is the largest producer of milk, millets, Jute, ginger, bananas, castor oil seeds, mangoes, safflower oil seeds,papayas, cottonseed.Second largest producer of tea, sugarcane, wheat, onions, potatoes, garlic, rice, cement, silk, etc. It is also the biggest copper producer in Southeast Asia and among the top ten producers of gold in the world. There are about 410 species of mammals known from India, which is about 8.86% of the world species. India has the greater number of cat species than any other country. The World Conservation Monitoring Centre gives an estimate of about 15,000 species of flowering plants in India.
Asian economies integrate within the vast framework of the ASEAN Free Trade Agreement (AFTA. India is the natural and most strategic location for firms that want access to the large ASEAN market and its vast trade opportunities. India has enhanced and primed up various areas for investors and offers a dynamic consumer market accustomed to an array of product choices created by a competitive domestic economy.