India’s growing middle class, the right government support and a favourable external environment have given the property sector wings to escape the headwinds buffeting markets elsewhere.
In the wake of the pandemic, experts say that the residential real estate sector saw renewed demand from institutional investors, despite economic global headwinds. The pandemic became a game changer to shift homebuyers sentiments towards the Indian housing sector.
During 2023, the Indian real estate sector - both housing and commercial - witnessed buoyancy fuelled by demand, supply, and absorption, and the sector is banking on the upcoming Budget to keep the momentum going.
Mumbai-based Sattva Group wants the government to focus on the critical pillars for long-term growth.
The company emphasised on the infrastructure boom with increased allocation, lower goods and services tax (GST) rates, incentives for affordable housing and single-window clearance to fast-track projects and support liquidity.