Real Estate Year-Ender 2024: Charting a Growth Path

Despite macro-economic challenges and global headwinds, the real estate sector in 2024 has showed great resilience, and building on the strong foundation of 2023, the best performing year across asset classes, it is turning out to be a creditable year for the sector’s growth.
Vinod Behl

The year 2024 started on a positive note with the return of Modi-led NDA government, signaling the continuance of reformist policies, conducive for the growth of the real estate sector. The FY 25 Budget, despite some misses, provided a positive push to the realty sector with an INR 10 lakh crore investment boost to middle-class housing under PMAY 2.0, besides a big infrastructural push with a massive INR 11.11 lakh crore funding. The extension of Smart Cities Mission, the push to transit-oriented development in over a dozen large cities, brownfield redevelopment in 100 large cities, and the push for rental reforms, were other positive measures for sustainable growth of the real estate sector.