Indian Real Estate

Indian Real Estate in 2023 : Overview & Analysis


21, January 2026

Can technological trends tackle the recession? Especially when it comes to the largest asset class in the world.

Well, let us see what awaits Indian Real Estate in 2023

Real Estate has seen its own fair share of ups and downs throughout the years, and it has clearly shown the signs of bouncing back from the ongoing pandemic induced slump that has haunted multiple industries and lives across the world for these past 3 years.

GRC Shreekrish - Homes247.in

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Technological Trends in 2023

Technology certainly did grow and evolve these past years; especially lockdowns were a catalyst that boosted the digital literacy of the populace of both rural and urban India. The internet at budget rates, seasonal sales on e-commerce apps, online delivery apps, news tracking, social media, etc., has broken the barriers of class, education, wealth, regions, and0 language in the country.

And now, even real estate has its epic migration into technology. Though digital home buying has been around since the very first days of real estate websites, realty has largely been under an unorganized sector where the transactions were often in the hands of independent brokers, agents, and developers and, for the better or worse, always rooted, never evolving. Technology is limited mostly to advancements in the field of construction, with better and sturdier buildings and structures but not to any other field.

But that's not the case today; digital homebuying has become the norm. Lead generation, distribution, and executions have now gone far up in numbers compared to the earlier days. And it's not just the realtors who benefit from the technology but also the customers, especially real estate investors.

Yes, definitely first time home buyers can check up on and analyze the offerings and options in the particular area of their choice, but digital real estate is enabling many to invest in the sector compared to other forms of investment, such as shares or bonds. The real-time updates of new launches, offers, and schemes, both in residential and commercial segments

We have already done a piece on the upcoming technologies, such as blockchain, crypto, metaverse and web 3.0, which are already making waves in the market. Though these might seem far off from making their presence in the country, once again, let us remind you of the rapid usage and management of data in today's India. 5G has already been rolled out in multiple points across, and soon it will encompass the whole of the country, making our transition into an entirely digital economy swifter and smoother.

Many around the world claim that this particular era in our world's history is the "Digital Renaissance"; if so, then no doubt India would be one of the chief centers.

With the current rapid developments in the fields of industries across the country, India might also be witnessing the "fourth Industrial revolution."

Racing against Recession

A real estate investor in Bangalore who likes to remain anonymous has stated to Homes247.in that " After all, it (real estate) is a tangible asset, and even if it hits a whole new low, we can always sell it off in the future if you are patient enough. But the same can't be said for shares or bonds, afterall many companies, especially the ones that are tied up with the foreign ones, will suffer, and some of them even might vanish, so what's the surety of that."

However, even real estate might feel the tinge in the upcoming recession, as the massive layoffs and other geo-political factors might rain down upon them. Though we are about witnessing massive development in the country, the uncertainty of the recession still hangs over our heads. And yet, there are many visible factors that give the indication that India can pass off the threat of recession without much damage,

Christoph Schweizer, the CEO of BCG, has stated that India will remain an independent powerhouse even amidst a global economic slowdown. A large number of MNCs have shifted their production centers to India. After the covid fiasco, China is no longer the West's favourite for production, which can further India's pace and place in the global markets.

Another random thought suggests layoffs abroad can also benefit the country as many of the professionals who left India for better opportunities might come back with their training and expertise to boost the local hubs. This stands true for the laid off employees of international processes and other companies who might migrate to India's homegrown startups as well.

Thus with the current scenario, many major companies have opted for a hybrid work model which can bring commercial realty back to track. A lot of workspaces and tech parks have now opened up, and we can expect the same for the warehousing sector as well.

New infrastructural schemes by the government, such as National Logistics Policy and the Gati Shakti initiative, will both make sure that many small townships and satellite cities will foray into the national limelight along with the existing metros.

In parallel to the same, the housing sector, especially the rental division, will improve in tier-1 markets. Priyatham Kumar CEO of Homes247.in, states that home buying in tier 2 and tier 3 cities will increase as most of the residents of these regions are not dependent on multinational companies as such. The vocal for a local initiative that has been trending for the past years thus saves a majority of the population from the severe effects of the recession, but then again, the tremors will be felt.

The 2023 budget is yet another hope for real estate investors and homebuyers as it is expected to increase the tax exemptions on rental incomes and interest paid. With REPO rates increased recently, the citizens are eager to see how it will impact the economy on a positive note.

To conclude, whether it is the Housing bubble of 2008 in the USA that led to the global financial crisis or the Ghost cities of China due to the Evergrande crisis, the real estate sector has been in deep trouble across the ages and nations. But compared to the same, the sector of our nation is stable due to the influence of RERA and added governmental reforms.

With the current phase of developments in India, the industry can expect a huge gain, but we have to wait and watch whether its a boom or a set of spikes up the ladder.

So folks, what do you think will happen to Indian Real Estate Industry in 2023?

Share your thoughts below

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