INDIA Trends and Developments Contributed by: Vivek Chandy, Archana Tewary, Brijita Prakash and Utsav Johri, JSA
The Indian government is exploring blockchain for land records management to reduce disputes, increase transparency and create a secure, tamper-proof digital ledger for property records, making it easier to verify ownership and reduce fraud. The Andhra Pradesh and Karnataka governments have implemented a blockchain-based land records management system to streamline land-related transactions. India’s real estate market overall is expected to reach USD1 trillion by 2030. Despite global eco - nomic uncertainties, the long-term drivers of India’s real estate sector remain strong. Rapid urbanisation, rising disposable incomes and continued infrastruc - ture development are expected to support demand for residential, commercial and industrial real estate. India’s urban population is expected to grow signifi - cantly in the coming decades, increasing the demand for housing and urban infrastructure. This will create opportunities for large-scale township developments and integrated commercial projects. With continued policy support, technological adoption and growing participation from global investors, India’s real estate sector appears well positioned for long-term growth.
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