PROPTECH: RESHAPING THE LANDSCAPE OF INDIAN REAL ESTATE
The Indian real estate industry is one of the most significant sectors contributing to the country's economy. It
encompasses residential, commercial, retail, and hospitality segments, among others. Here are some key points
about the Indian real estate industry. The objectives of the real estate industry can vary depending on various
factors such as market conditions, economic trends, government regulations, and the specific goals of individual
companies. However, some common objectives of the real estate industry. After India gained independence in
1947, the real estate sector underwent significant changes and experienced several trends that shaped the industry.
Public housing projects: In the 1950s and 1960s, the government launched several public housing projects to
provide affordable housing to low-income families. Real estate has been an important part of Indian society for
centuries, with a rich and diverse history. The evolution of the real estate industry in India can be traced back to
the ancient times when land was considered as one of the most valuable assets, and was owned by the ruling class
and wealthy landowners. During the Mughal period, the construction of grand palaces, forts, and mausoleums,
such as the Taj Mahal, led to a thriving construction industry. The British colonial period saw the development of
urban centers such as Mumbai, Kolkata, and Chennai, with the construction of railway networks, ports, and
administrative buildings.