India's Real Estate Sector Poised to Reach USD 5-10 Trillion, Boosting GDP by 2047
India's real estate sector is projected to become a USD 10 trillion growth catalyst by 2047, driven by rapid urbanization, infrastructure development, affordable housing demand, and digital transformation.
Real EstateGdpUrbanizationInfrastructureAffordable HousingReal EstateSep 12, 2025
The report highlights four critical drivers of this growth: rapid urbanization, large-scale infrastructure development, affordable housing demand, and digital transformation. India's economy is expected to reach USD 35-40 trillion by 2047, and the real estate sector will play a significant role in this growth.
Badal Yagnik, Chief Executive Officer of Colliers India, commented, “India's real estate sector is at the forefront of the country's inclusive progress and is expected to scale into a USD 5-10 trillion market by 2047. Supported by policies, rising demand, and increased interest from developers and investors, the sector is poised for decades of growth acceleration across most asset classes. Notably, both Grade A office and industrial stock are expected to surpass the 2 billion square feet mark by 2047, while residential sales could double to 1 million units annually.”
The real estate narrative is becoming more balanced, equitable, and inclusive, extending from established Tier I cities to emerging Tier II and III cities. The report charts the growth across real estate asset classes from the 1990s to the present and forecasts the trajectory until 2047, the centennial year of India's independence.
Indian real estate has transformed from a fragmented sector to a more organized and strategic contributor to national development. The upcoming decades are likely to be characterized by significant growth, driven by rising institutionalization and strong investor interest. Real estate will become a more prominent force in India's economic growth story, with core segments like office, residential, industrial and warehousing, and retail reaching varying degrees of growth and scale by 2047.
Rapid urbanization and infrastructure development are key drivers of India's real estate growth. Indian cities are urbanizing rapidly, and it is projected that over 90 crore people, or 53% of the country's population, will live in urban areas by 2050. To accommodate this, urban development needs to expand beyond metro and Tier I cities to Tier II and Tier III cities.
Shekhar Patel, President of CREDAI, stated, “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 millions of citizens. The sector is uniquely positioned to reimagine India's urban future: designing climate-resilient cities, building affordable yet aspirational homes, and nurturing ecosystems that foster innovation and inclusivity. As CREDAI, we see real estate as the foundation of India's journey toward becoming a developed economy—where every new home, office, or warehouse contributes to social equity and sustainable growth.”
Frequently Asked Questions
What is the projected contribution of India's real estate sector to the GDP by 2047?
India's real estate sector is projected to contribute 14-20% to the GDP by 2047, positioning it as a potential USD 10 trillion growth catalyst.
What are the key drivers of growth in India's real estate sector?
The key drivers of growth in India's real estate sector are rapid urbanization, large-scale infrastructure development, affordable housing demand, and digital transformation.
What is the expected growth in residential sales by 2047?
Residential sales are expected to double to 1 million units annually by 2047.
How will urbanization impact India's real estate sector?
Rapid urbanization is expected to drive the growth of India's real estate sector, with over 90 crore people or 53% of the country's population projected to live in urban areas by 2050.
What role does CREDAI play in the real estate sector's growth?
CREDAI (Confederation of Real Estate Developers' Association of India) plays a significant role in promoting inclusive and sustainable growth in the real estate sector, focusing on climate-resilient cities, affordable housing, and social equity.
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