Realty sector analysts are gung-ho about the Economic Survey. Here are some comments:
Shrinivas Rao, FRICS, CEO Vestian: The Economic Survey 2025 reaffirms the vision of Viksit Bharat 2047, recognizing that this goal cannot be achieved without the contribution of the real estate sector—the second-largest employment generator in the country. The survey highlights the sector’s strong performance in 2024, driven by economic stability and positive market sentiment. Vestian Research data reinforces this trend, with 2024 recording the highest-ever office absorption at 70.7 million sq. ft.
Vimal Nadar, Senior Director & Head, Research at Colliers India: The economic survey has highlighted the robustness of the Indian economy driven by calibrated fiscal consolidation and stable private consumption. With upsides in the form of domestic investment & manufacturing output growth, the government expects FY26 GDP growth rate to be in the range of 6.3-6.8%. Real estate will continue to play a pivotal role and demand across asset classes is likely to expand into multiple Tier II & III cities and economic corridors as well.
All-time high credit deployment with over INR 28 trillion outstanding housing loans as of October 2024, indicates healthy residential activity. Overall, the economic survey has outlined the need for continued infrastructure push, policy reforms and sector specific business enablers in the upcoming budget, which should help in sustaining the real estate growth momentum over the next few years.
