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How Urban Growth is Reshaping India's Real Estate

2024-12-31

As per Colliers India, by 2030, 40 per cent of India’s population, approximately 60 crore people, is expected to reside in urban areas. Rapid infrastructure development led by nodal authorities is driving the growth of satellite townships across India. By 2030, around 60 crore people are expected to reside in urban areas by 2030. In order to meet this rising demand, India plans to invest over Rs 143 trillion in infrastructure by 2030, focusing primarily on urban housing. Key projects include second airports, inter - city metro connectivity, aero - cities, highways, rail corridors, IT zones, and large data centers concentration zones.

Investors and homebuyers are encouraged to consider rapid expansion into locations experiencing high land price appreciation due to existing and upcoming infrastructure initiatives. Such investments offer potential for high returns and opportunities, expanding real estate portfolios in India’s top real estate markets. Significant infrastructure projects influencing urbanisation include the Jewar Airport, Dwarka Expressway, Sohna Road, and New Gurugram.

Yashank Wason, Managing Director, Royal Green Realty said, “Tier-2 cities such as Sonipat have seen the rise of an organized real estate market, leading to remarkable growth and development prospects for the city. In this changing environment, alongside the growing trend of remote work, Sonipat presents an appealing combination of affordability and quality of life. Homebuyers are attracted to its spacious homes nestled in lush greenery, offering a welcome escape from crowded urban areas.The forthcoming Rapid Rail Transit System will further enhance connectivity across the broader NCR region, solidifying Sonipat's position as a key player in the real estate market”

Sanjay Kumar Sinha, Founder and Managing Director, of Chaitanya Projects Consultancy said, "India’s urban growth demands infrastructure that is resilient, inclusive, and sustainable. With cities set to house over 600 million people by 2030, the focus must be on affordable housing, smart mobility, clean energy, and efficient water systems. Programs like Smart Cities Mission, AMRUT, PMAY (Housing for All), Gati Shakti, and National Urban Transport Policy drive this transformation. Initiatives such as RRTS (Regional Rapid Transit System) and Jal Jeevan Mission further emphasize sustainable solutions. By integrating technology, innovation, and green development, India can ensure its urban spaces become engines of opportunity, built to serve future generations."