Indian real estate market is expected to touch $1 trillion by 2030, becoming the third largest globally, a recent survey said.
According to the survey conducted by KPMG in association withe Naredco and APREA revealed that the sector is estimated to grow to $650 billion by 2025 and surpass $850 billion by 2028 to touch $1 trillion by 2030.
The report released Thursday here noted that India has consistently improved its ranking in global real estate since 2014, which has instilled confidence in investors.
Neeraj Bansal partner and head ASEAN corridor of KPMG in India said this growth is driven by emerging asset classes such as affordable housing and co-working spaces.