China’s real estate challenges are directly linked to their GDP in China, the real estate sector’s contribution to GDP is almost 30 percent; in India 5.5 to 6 percent. Even in the next 25 years it will not be more than 15 percent, say real estate experts.
India real estate update: According to the report, in terms of budget segments, the mid-range segment (homes priced between Rs 40–80 lakh) continued to dominate with a 28 percent share of the total new supply in Q3 of 2023. The luxury segment (homes priced above Rs 1.5 crore) and premium segment (Rs 80 lakh – Rs 1.5 crore) were close behind with a 27 percent share each