The current market size for the Real Estate Industry depends on the specific region and the type of property being considered. Here’s a breakdown based on recent reports (as of May 22, 2024):
- Global Residential Real Estate: Estimated at USD 300 billion (around Rs 24 lakh crore) in 2024 [Business Standard]. This figure is likely on the lower end of the spectrum for the global market. Real estate sector may touch a market size of $1.3 trillion by 2034.
- Global Commercial Real Estate: It is estimated to be larger than the residential market.
Get your free quote now