There are several reasons for the growth of the real estate sector in India.
Although the sector was significantly impacted by demonetization and the COVID-19 pandemic, it has nonetheless witnessed a resurgence in recent times. The primary reason for the growth is the rapid pace of construction including roads, flyovers and bridges-undertaken during the tenure of the country’s Transport Minister, Nitin Gadkari, following the rise of the BJP and Narendra Modi to power.
Consequently, connectivity between villages and cities, as well as between cities and major metropolitan centers, has vastly improved. This enhanced connectivity has led to a substantial increase in trafffic and transportation activity, resulting in an appreciation of property values not only in urban areas but in villages as well.
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