Future Predictions and Demand In The Property Market

According to the CEO of Godrej Properties, the real estate market share of the top fifteen developers in India has increased in the last five years. CEO of Godrej Properties Ltd, brought attention to the information that the top fifteen developers now account for approximately 20% of the market, a figure that has increased in the last five years and that he predicts demand to further increase towards large branded builders in the years to come.

While speaking at a real estate conference hosted by FICCI, he made the comment that the housing market is now difficult to get into. Another trend that professionals have seen in a country like India is the growth in market share of joint developers and the top fifteen developers. Their market share has increased in the last five years, reaching around 19% at now.

Growth of Market Share Among Top Developers

CEO of Godrej Properties also said that he thinks that this will increase, especially three years from today, when maybe the market might slow down because demand aggregation happens whenever there’s some sort of market slowdown. He told how thrilling the Indian real estate market’s residential properties were during the last year.

Until now, the huge demand for residential real estate in India has occurred in 2024, when the market reached around 1 billion square feet. That being said, the CEO also admits that when he first began working in the residential sector, the idea of 1 billion square feet was completely unexpected to him and to witness that occurring in the primary market is truly amazing for the ceo.

According to him, this is equivalent to sales of about Rs 8.5 lakh crore. Nearly three-quarters of this falls inside India’s five most populous urban areas—the Mumbai Metropolitan Region (MMR), the Delhi-National Capital Region (NCR), Bengaluru, Hyderabad and Pune. Both the real estate market and the economy as a whole have been boosted by this budget, according to the CEO.

Economic Impact and Government Policies

This professional finds the whole tax reduction the administration implemented to be really drastic. A huge increase in demand for consumption has been done as a result of this. Additionally, many other areas will feel the effects of your changes to consumer demand.

He concluded by saying that the housing market will eventually benefit from people’s increased confidence in the economy and employment market, since this would motivate them to take out 20-year loans to purchase a home. The CEO was pleased to see the Reserve Bank of India also cut the repo rate by 25 basis points.

If price increases are contained, we may be pleasantly surprised. Additional reductions may occur, with a high chance falling somewhere between fifty and seventy-five basis points. He warned that if this were to occur, it would have far-reaching results for the private capital expenditure cycle beyond just mortgages.

After experiencing much higher demand in recent years, the Indian office market is poised for a healthy 2025, according to a Chairman of a big company. He went on to say that 2024 was a fantastic year since it marked the beginning of an occupier-driven market and to touch new heights in the market. Gross leasing is expected to reach 65-70 million sq. ft. in 2025, showing that this trend is likely to remain.

Conclusion

The Indian real estate market is growing rapidly, with top developers gaining more market share. Demand for housing remains higher, supported by economic confidence and government policies. Future growth is expected, especially for large builders. If price stability continues, the market could see further expansion, benefiting both buyers and developers.