The Indian real estate market has proven its mantle by showing resilience in the face of pandemic induced exigencies over the course of almost two years.
As per ICRA estimates, Indian firms are expected to raise close to Rs. 3.5 trillion (US$ 48 billion) through infrastructure and real estate investment trusts in 2022, as compared to raising worth US$ 29 billion to date.
Stakeholders across the industry welcomed Rs 48,000 crore as the allocation for PMAY and the identification of nearly 80 lakh households or the affordable housing scheme mentioned by the fin-min in Central Budget 2022-23.
The housing sector is set to experience more than six percent capital value growth at least in 2022.