Market research & Consulting- NewAge

  India residential real estate market   is expected to grow at a significant CAGR in the forecast period, FY2023-FY2027. The rapid urbanization of people in search of better job opportunities and quality living standards is creating the need to construct more residential spaces for comfortable living. Supportive government policies and schemes such as Pradhan Mantri Awas Yojna which is the scheme of the Union Ministry of Housing and Urban Affairs that aims to build 20 million affordable houses in urban areas are expected to contribute to the growth of the residential real estate market. The increase in the disposable income of middle-class families is increasing the affordability of consumers to buy houses and flats. The construction industry is witnessing a boost due to the presence of supportive policies for infrastructural development which in turn is expected to influence the residential real estate market growth. The presence of low mortgage rates and the offering of fin...