Real estate is going to grow exponentially in 2023..!?

Sowmiya Sriram
Real estate is going to grow exponentially in 2023..!?

It has been proven many times that the real estate sector will continue to grow after overcoming any market disruption, and it is predicted that the indian real estate sector will grow in the year 2023 as it has achieved tremendous growth after the effects of the coronavirus. The growth of the indian real estate sector is attributed to 3 factors. This report gives great hope while there is a perception that the real estate magic of the last 2 years will not be there in 2023 due to RBI increasing interest rates.
In 2023, the real estate sector in india will grow well due to 3 main reasons, which are increasing population, increasing income of people, and increasing urbanization. Similarly, there are many reasons for investors to invest in the real estate sector, the first of which is that, unlike the stock market, real estate investments do not experience excessive volatility. 2nd are real estate investments that can provide constant income. 3rdly it is bound to provide huge returns on a long-term basis thereby ensuring a return on capital. Finally, real estate offers a huge opportunity to build assets while offering huge tax savings to small investors.
In this situation, in 2023, there is a lot of opportunity for rapid growth from housing real estate to commercial real estate as there is a lot of investment in india from domestic investors to foreign investors for trade and economic growth. They will divert investment to the market which is definitely on the growth path, india is the country with the most growth opportunities in Asia. Similarly, while investments in startups and other tech companies have stagnated, there is a possibility of investing a lot of money in the real estate sector.
Through this, it is said that by 2023, the indian real estate sector will grow at all levels and rise to about 13 lakh crore rupees.
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