The real estate sector has been on the path of recovery since last year. Traditionally, the industry has been a laggard in terms of the adoption of digital technologies. However, the pandemic and growing proptech space have accelerated the adoption of new and emerging technologies. This edition of Grant Thornton Bharat’s ‘Realty Bytes’ focuses on how digital interventions are driving a positive impact for the realty sector in India.
According to Sumeet Abrol, Partner, Lead Advisory, Grant Thornton Bharat, “The Union Budget 2022 has provided INR 7.5 lakh crore outlay for capital expenditure to drive growth across industrial, commercial and residential real estate. With high investor confidence, being carried forward from 2021, this year is also likely to witness high deal activity. A major reason for this being owed to the various digital interventions transforming this space”.
