India Rises as a Top Global Destination for Real Estate Investment in 2024

                India has rapidly emerged as one of the most attractive global destinations for real estate investment, particularly in 2024. The country's robust economic growth, coupled with strategic 
government reforms like the Real Estate (Regulation and Development) Act (RERA), has significantly boosted investor confidence. India’s real estate market, encompassing both 
residential and commercial sectors, is experiencing unprecedented dynamism, attracting international investors, including NRIs. The nation's resilient economy has continued to advance 
despite global uncertainties, outpacing many developed and emerging markets. With India’s population projected to reach 1.55 billion by 2034, and 42.5% of it expected to reside in urban 
centers, the demand for real estate is set to soar. This demand is further fueled by the growing affluence of residents and an increasing preference for global and integrated housing 
projects. Notably, Tier 2 and Tier 3 cities like Vrindavan, Jaipur, Mohali, and Dehradun are emerging as new real estate frontiers, witnessing substantial growth in housing sales.
Source: Knight Frank’s Prime Global Cities Index Q2 2024, and statements by Yash Miglani, Managing Director of Migsun Group.