Housing demand in India is projected to grow more than threefold and reach 93 million units by 2036, driven by robust demand and supply in tier-II and -III cities. This growth is fueled by the rapidly growing Indian population and economy, improved purchasing power of home buyers, and the inclination to buy bigger houses. The government's plans for smart cities and increasing commercial activity in emerging regions will further drive real estate growth in these markets. The real estate sector is expected to play a significant role in India's journey towards becoming the third-largest economy in the world by 2030.
