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India’s real estate boom attracts foreign investors in 2024

India’s real estate : Several key factors contribute to the growing appeal of India’s real estate sector for international investors.

In 2024, India’s real estate market is experiencing a significant surge in interest from foreign investors. The nation’s burgeoning economy, coupled with policy reforms and infrastructural development, has positioned India as a lucrative destination for global real estate investment. Several key factors contribute to the growing appeal of India’s real estate sector for international investors.

One of the primary drivers is the Indian government’s commitment to economic liberalization and ease of doing business. Reforms such as the Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act have streamlined processes and increased transparency, instilling confidence in foreign investors. Additionally, initiatives like “Make in India” and “Smart Cities Mission” have fueled infrastructural development, creating a robust foundation for real estate growth.Cities such as Mumbai, Delhi, and Bangalore are expected to attract substantial foreign inflows. Mumbai, the financial capital of India, remains a top choice due to its vibrant business environment and the ongoing development of key infrastructure projects. Delhi, with its strategic location and rapid urbanization, offers diverse investment opportunities. Bangalore, known as the Silicon Valley of India, continues to draw interest for its thriving IT sector and skilled workforce.The residential and commercial real estate sectors are key areas of interest for foreign investors. The residential market, driven by a growing middle class and urbanization, presents opportunities for affordable housing projects. Commercial real estate, fueled by the demand for office spaces in emerging business hubs, is another lucrative avenue. India’s proclivity for sustainable development is also attracting foreign capital. Investors are keen on projects that align with environmental and social responsibility, reflecting a global trend towards sustainable investments.India’s real estate market is witnessing a surge in foreign investments in 2024, driven by economic reforms, infrastructural development, and a commitment to sustainability. As cities like Mumbai, Delhi, and Bangalore emerge as hotspots for global investors, the Indian real estate sector is poised for continued growth and collaboration on the international stage.

Disclaimer: Content taken from ‘Financial Express’ E-Newspaper.

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