The Indian real estate industry has been going through a slowdown in the past few years, but there are signs of recovery in 2023. The government’s recent measures, improved liquidity and a steady demand for housing are expected to drive the growth of the real estate market in 2023.

The government’s emphasis on affordable housing is one of the major factors driving the growth of the Indian real estate market in 2023. The government’s Affordable Rental Housing Complexes (ARHCs) scheme aims to create rental housing for urban migrants and economically disadvantaged groups. This is expected to increase demand for housing and commercial space, propelling the real estate market forward.

In addition, the government has implemented the Real Estate Regulation and Development Act (RERA), which has increased transparency and trust in the sector. This has increased buyer and investor confidence in the real estate market, which is expected to drive market growth in 2023.

Another factor driving the growth of the Indian real estate market in 2023 is the improved liquidity in the market. The Reserve Bank of India (RBI) has reduced the repo rate, which has led to an increase in the availability of credit. Banks and NBFCs are also providing better financing options, which has made it easier for people to invest in real estate. This has led to an increase in the demand for housing and commercial spaces, which is expected to drive the growth of the real estate market in 2023.

Demand for housing and commercial space is also expected to push the Indian real estate market forward in 2023. The demand for residential and commercial properties is increasing as the population and economy grow. This means that property demand is likely to remain high, making now an excellent time to invest in real estate.

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