CREDAI Unveils Real Estate's Role in India's $30 Trillion Economy by 2047
The Confederation of Real Estate Developers' Associations of India (CREDAI) outlined a transformative roadmap for the real estate sector at the 23rd NATCON, highlighting technology, financial innovation, sustainability, and global collaboration as key drivers.
Real EstateCredaiNatconSustainable DevelopmentEconomic GrowthReal EstateSep 19, 2025
The inaugural day of NATCON 2025 witnessed defining milestones for the real estate industry with the release of a flagship industry report and the signing of two strategic MoUs. The first, with BCA International (Singapore), aims to foster knowledge exchange on green building practices, modern construction methods, workmanship quality, and innovative technologies through specialized training and site visits in both India and Singapore.
The CREDAI and Colliers Report – “Indian Real Estate: Fostering Equity and Fueling Economic Growth” – presents a comprehensive view of how the sector is set to transform over the next two decades. It projects Indian real estate to become a USD 10 trillion industry by 2047, contributing nearly one-fifth of the country’s GDP. The report underlines four critical drivers of this growth: rapid urbanization, large-scale infrastructure development, affordable housing demand, and digital transformation.
It also highlights how equitable growth in real estate can bridge gaps across regions, bringing Tier II and III cities into the mainstream of development. The report emphasizes that policy support, transparent governance, and green urban planning will be essential for unlocking the sector’s full potential, while also positioning it as a major contributor to job creation and wealth generation.
Alongside these announcements, NATCON 2025 featured wide-ranging sessions on the impact of AI on real estate profitability, the next wave of financial innovation through REITs, sustainable development benchmarks, and leadership lessons from business, sports, cinema, and academia. Some of the distinguished speakers included Nilesh Shah (Kotak AMC), Dr. Shashi Tharoor, R. Madhavan, Ashutosh Rana, Rahul Dravid, and global experts from MIT, NUS, and the University of St. Gallen.
Mr. Shekhar Patel, President, CREDAI, said: “CREDAI NATCON 2025 is not just a convention, but a collective commitment to redefining the future of Indian real estate. The conversations, collaborations, and insights we have brought together in Singapore reflect our vision of an industry that goes beyond building spaces — one that drives innovation, creates livelihoods, and fosters sustainable communities. Our strategic partnerships on green construction and skill development are stepping stones towards an ecosystem that is globally competitive and socially inclusive. As we look ahead to 2047, Indian real estate has the potential to contribute significantly to the nation’s economic transformation, while also ensuring equitable growth across regions, cities, and communities.”
Mr. Boman Irani, Chairman, CREDAI, added: “At CREDAI NATCON 2025, we are witnessing the true strength of collective vision and collaboration. The Indian real estate sector is entering a phase where technology adoption, financial innovation, and sustainability will define our growth story. What stands out is the spirit of inclusivity — from empowering our youth through skill development to bringing Tier II and III cities into the mainstream of progress. The roadmap we are shaping here is not only about economic milestones, but also about creating resilient communities and setting global benchmarks. Together, we are laying the foundation of a sector that will play a pivotal role in realizing the aspirations of a Viksit Bharat by 2047”.
H.E. Dr. Shilpak Ambule, High Commissioner of India to Singapore, addressing the gathering at NATCON, said, “India and Singapore are shaping a bold vision for the cities of tomorrow, grounded in sustainability, inclusivity, and innovation. Over the past year, our partnership has grown across skilling, advanced manufacturing, connectivity, and smart urban planning. I urge Indian real estate developers to go beyond constructing buildings and create spaces that inspire, become cultural landmarks, and attract tourism. By combining Singapore’s expertise in smart cities and affordable housing with India’s scale and energy, developers have a unique opportunity to build integrated townships, industrial hubs, and logistics networks that are future-ready, innovative, and empower communities—paving the way for India’s journey toward a developed nation by 2047”.
Beyond economic milestones, the 23rd CREDAI NATCON 2025 highlighted the industry’s role in shaping communities, nurturing talent, and creating a lasting legacy for future generations. It marked another step in CREDAI’s journey of transforming real estate into a driver of sustainable national growth.
Frequently Asked Questions
What is the main goal of CREDAI's roadmap for the real estate industry?
The main goal of CREDAI's roadmap is to transform the real estate sector into a USD 10 trillion industry by 2047, contributing nearly one-fifth of India’s GDP and ensuring equitable growth across regions.
What are the key drivers of growth highlighted in the CREDAI and Colliers Report?
The key drivers of growth highlighted in the report are rapid urbanization, large-scale infrastructure development, affordable housing demand, and digital transformation.
What is the significance of the MoU signed between CREDAI and BCA International (Singapore)?
The MoU between CREDAI and BCA International (Singapore) aims to foster knowledge exchange on green building practices, modern construction methods, workmanship quality, and innovative technologies through specialized training and site visits.
How does the report envision the role of policy support and transparent governance in the real estate sector?
The report emphasizes that policy support and transparent governance are essential for unlocking the sector’s full potential and ensuring sustainable development and equitable growth.
What are some of the key topics discussed at NATCON 2025?
NATCON 2025 featured sessions on the impact of AI on real estate profitability, the next wave of financial innovation through REITs, sustainable development benchmarks, and leadership lessons from various fields.
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