Urban Indian real estate - Promising opportunities

Urban Indian real estate - Promising opportunities

With every 6th person getting urbanized globally being an Indian, the real estate and construction sector holds significant opportunity for both global and domestic companies engaged across the value chain (design, development, construction, finance etc.).

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With every 6th person getting urbanized globally being an Indian, the real estate and construction sector holds significant opportunity for both global and domestic companies engaged across the value chain (design, development, construction, finance etc.). To meet this requirement India will need to construct 43,000 houses every day until 2022 to achieve the vision of Housing for All by 2022, hundreds of new cities need to be developed over the next decade. This has the potential for catapulting India to 3rd largest construction market globally. The sector is expected to contribute 15 per cent to the Indian economy by 2030, become the largest employer by 2022 – employing about 75 million people or more than 13 per cent of the total estimated workforce of India, remain the largest contributor to the state exchequer and will consume almost a quarter of India’s total electricity need by 2030. 

The recent policy reforms such as the Real Estate Act, GST, REITs, steps to reduce approval delays etc. are only going to strengthen the real estate and construction sector. The sector players now more than ever need to develop a global mindset towards quality, project delivery, work culture and governance. Strong steps are required to provide faster approvals, serviceable and clear title of land, long term finance and skilled workforce.

© 2016 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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