India’s real estate industry projected to reach $10 tn by 2047

16 Sep 2025 CW Team

India’s real estate industry is projected to become a $10 trillion sector by 2047, contributing almost one-fifth of the country’s GDP, according to a joint report by CREDAI and Colliers titled “Indian Real Estate: Fostering Equity and Fuelling Economic Growth.”

The report identifies four critical drivers behind this growth: rapid urbanisation, large-scale infrastructure development, rising demand for affordable housing, and digital transformation. It also highlights the importance of equitable growth in bridging regional gaps, particularly by integrating Tier-2 and Tier-3 cities into mainstream development.

CREDAI National President Shekhar G Patel said, “Today, with real estate contributing nearly 8% to India’s GDP and employing millions, the sector is no longer just about housing and commercial spaces—it is about enabling inclusive urbanisation, fostering sustainability, and catalysing equitable growth across Tier I, II, and III cities alike. The journey ahead holds the promise of even greater transformation, as we align ourselves with the vision of a US $35-40 trillion economy by 2047, where real estate alone could potentially contribute US $5-10 trillion.”

Badal Yagnik, CEO of Colliers India, added that unlocking the next phase of growth will require progressive policy reforms, sustained capital inflows, and technological innovation.

The report notes that the sector’s GDP contribution has risen from under 5% before 2010 to around 6–8% in recent years. In 2025, it is expected to add close to $0.3 trillion in value to the economy. With regulatory reforms such as RERA, GST, and REITs, along with nearly $80 billion in institutional investment over the past 15 years, Indian real estate has evolved into a more transparent, accountable, and resilient sector.

News source: Deccan Herald

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