REAL ESTATE AS AN ASSET class may not have performed well for nearly a decade, but the sentiment is changing for good. While the world is heading into a recession, the Indian economy is set to grow at an estimated 6.9% in FY23. With increasing urbanisation and demand for office space, real estate looks set to cash in on the growth boom
According to CRISIL estimates, the sector is likely to grow to ₹65,000 crore by 2024 from ₹12,000 crore in 2019, and contribute 13% to the country's GDP by 2025. While some have already joined the party post Covid when borrowing rates had hit decadal lows, the interest rate cycle has changed now. So, should you still buy a property in 2023?
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