Both the residential and commercial real estate markets should see expansion in 2023, according to the optimistic projections made regarding the real estate industry. Multiple study reports on the industry and perspectives from industry participants point to a favorable momentum in 2023.

Commercial real estate funds are making a name for themselves in the market because small investors like the idea of making a steady passive income from safe real estate investments. Investors who don't have a portfolio worth crores may have a lot more choices in 2023.

In the big picture of the Indian economy through 2023, there are only good signs: an overall growth of 8 to 9 percent, an expected rise in the number of jobs created, and a rebound from the recent drop in the stock market. All of these things would eventually lead to more people entering the housing market, which is very important for the health of the real estate economy.

Also, the government has been planning and implementing infrastructure mega-projects like highways, new airports, metros, etc., as well as major policy initiatives like "Housing for all" and the Pradhan Mantri Awas Yojana. These things cause both quantitative and qualitative growth in real estate assets.

As big IT companies move back to offline work, commercial real estate, which is one of the most valuable assets in the real estate game, is also set to make good money. During the pandemic, many stores didn't want to open physical locations because of the fear of getting sick. Now, though, they are slowly starting to change their minds and open physical stores. E-commerce companies are also in a race to get as big as possible by growing their warehousing and shipping operations. IT giants like Intel and Apple are moving a lot of their manufacturing to India, and more companies will follow suit.

The housing market, which is what drives growth and keeps the whole real estate economy going, is about to have a very impressive year, which could be its best. After the Covid-19 period, residential sales have gone up by a huge 51 percent. Prices are expected to go up by about 7.5 percent in India as a whole, according to research (4 to 5 percent in Mumbai and Delhi, 5.5 to 6.5 percent in Chennai and Bengaluru).

A growing economy, a return to the way things worked before the pandemic, and different government programs are all making it easier for the real estate market to do well in 2023 and the years to come.