Many middle-class Indians are losing their goal of home ownership as property prices rise, making affordable homes scarce. With the average property costing ₹1.2 crore to ₹1.4 crore, homeownership is becoming increasingly difficult to achieve.

Commercial purchases in Bengaluru fell 14.3% to 12.5 million square feet in 2023. Knight Frank India ascribed this decline to US inflation and a slowing technology industry, which drives Bengaluru's office space demand.

The Indian real estate industry had a great 2023! Indian property markets saw some of the largest transactions ever. Lots of action—acquisitions, IPOs, new project launches. 2023 has set up the Indian real estate sector for future growth.