How is urbanization affecting residential real estate in India?

Urbanization is reshaping India’s housing demand, infrastructure needs, and city planning, with the urban population expected to double by 2047.

• Demand Surge in Metros – Cities like Mumbai, Delhi-NCR, Bangalore, and Hyderabad attract job seekers, driving demand for mid-segment and premium housing.
• Shift to Peripheries – High city-center prices push buyers to suburban zones and tier-2 cities, leading to rapid infrastructure growth.
• Integrated Townships – Developers are creating self-sustaining complexes with residential, commercial, and recreational spaces.
• Affordable Housing Focus – Government schemes like PMAY support economically weaker sections, ensuring access to housing near employment hubs.
• Smart Cities – Authorities emphasize green buildings, digital connectivity, and urban mobility solutions to accommodate growth.

Urbanization drives real estate growth but requires careful city planning for sustainable and equitable development.