Indian Real estate market to reach ₹13,000 billion by 2023

India’s real estate market is expected to reach ₹13,000 billion by 2023. A favorable economic outlook will further contribute to the market’s improvement, supported by other factors including the emergence of first-time homebuyers, a growing economy, greater numbers of HNIs investing in luxury properties, a lower interest rate, and more. Contributing as well will be the increase in investor interest thanks to the tax advantage and the potential for building wealth that real estate offers.