India's Real Estate Market Poised to Reach USD 5-10 Trillion by 2047
India's real estate market is projected to hit USD 5-10 trillion by 2047, contributing approximately one-fifth of the country's GDP, according to a report by Colliers and Credai.
Real EstateGdpColliersCredaiMarket GrowthReal Estate NewsSep 11, 2025
India’s GDP, currently USD 4 trillion, is estimated to rise to USD 35–40 trillion by 2047. Real estate, valued at USD 0.3 trillion (6–8 per cent of GDP) today, is forecast to form 14–20 per cent of GDP by then.
“India’s real estate sector is at the forefront of inclusive progress and is set to scale into a USD 5–10 trillion market by 2047,” said Badal Yagnik, chief executive officer, Colliers India. The sector is expected to see substantial growth across various segments, including residential, office, industrial, and emerging areas like data centres and co-living.
Residential sales are expected to grow from 0.3–0.4 million units in 2025 to 0.8–1.0 million by 2047, driven by demographic shifts, rising incomes, and supportive housing policies. This growth will be crucial in addressing the housing needs of a rapidly urbanizing population.
Office and industrial stock is likely to exceed 2 billion square feet (bsf) by 2047. Grade A office stock has already tripled since 2010 to over 800 million square feet (msf), driven by rising demand from both Global Capability Centres (GCCs) and domestic players across segments such as technology, banking, financial services and insurance (BFSI), engineering, and manufacturing. It is expected to further grow to 2.5–3 bsf by 2047.
Meanwhile, industrial and warehousing stock crossed the 250 msf mark in 2025 amid robust infrastructure development, private sector participation, and evolving consumer demand. The segment is projected to exceed the 2 bsf mark by 2047.
Over the next few years, developers are likely to increasingly focus on real estate segments beyond office, residential, and industrial and warehousing. Data centres’ colocation capacity is expected to grow from 1.3 GW in 2025 to 10–15 GW by 2047. Co-living beds may rise from 0.3 million to over 3 million, while senior living beds could increase from 0.03 million to 1 million in the same period.
Real estate investment trusts (Reits) are set to play a larger role, with their share of real estate market capitalisation projected to rise from 10 per cent today to 40–50 per cent by 2047. Office Reit penetration is expected to grow from 16 per cent in 2025 to over 60 per cent by 2047, driven by rising investor confidence, a strong regulatory environment, increasing asset diversification, and growing institutionalisation of the sector.
“By 2047, Indian real estate will not just be measured in square feet or asset values—it will be defined by the quality of life we create for citizens,” said Shekhar Patel, president, Credai. This holistic approach to development is expected to enhance the overall quality of life and contribute to the sustainable growth of the country.
Frequently Asked Questions
What is the projected value of India's real estate market by 2047?
India’s real estate market is projected to touch USD 5–10 trillion by 2047.
How much of India's GDP is expected to be contributed by the real estate sector by 2047?
The real estate sector is forecast to form 14–20 per cent of India's GDP by 2047.
What are the key drivers of growth in India's real estate market?
Key drivers include urbanization, infrastructure development, sustainability mandates, and rising investor interest.
What is the expected growth in residential sales by 2047?
Residential sales are expected to grow from 0.3–0.4 million units in 2025 to 0.8–1.0 million by 2047.
What role are Real Estate Investment Trusts (Reits) expected to play by 2047?
Reits are set to play a larger role, with their share of real estate market capitalisation projected to rise from 10 per cent today to 40–50 per cent by 2047.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of