India’s real estate industry is entering a new phase of expansion, projected to become a $5–10 trillion market by 2047, up from the current $0.3 trillion valuation.
According to the report ‘Real Estate @2047: Building India’s Future Growth Corridors’ released by Colliers and the Confederation of Indian Industry (CII), this growth could make real estate one of the strongest pillars of India’s economic rise.
By 2047, the sector could contribute 14–20% of India’s GDP, reflecting its deep integration with urban development, employment, and infrastructure expansion.
The report attributes this surge to a powerful combination of government-led reforms, structural demand shifts, and technological advancement.
Rapid urbanisation, a young and expanding population, massive infrastructure investments, and sustainability initiatives are creating a multiplier effect across the economy.
These factors are not only fuelling demand for housing and commercial spaces but are also attracting institutional investments and expanding employment across the construction and allied sectors.
Among all asset classes, the residential segment is expected to witness the most substantial impact, especially in affordable housing, senior living, and co-living spaces.
India’s growing middle class, evolving family structures, and the government’s focus on housing for all are accelerating residential demand in both metropolitan and emerging cities.
Enhanced connectivity, green building mandates, and digitalisation are driving growth in the commercial and industrial real estate sectors.
The expansion of office hubs and creation of new manufacturing corridors in Tier II and III cities are redefining India’s real estate landscape.
Technology and Sustainability: The Future Pillars
The report also emphasises the transformative role of technology, particularly artificial intelligence, in building data centres and smart city infrastructure.
Sustainability remains a central theme, with developers increasingly adopting eco-friendly materials, renewable energy integration, and energy-efficient design practices.
Speaking at the CII event, Harleen Kaur, Deputy Secretary at the Union Ministry of Road Transport and Highways, highlighted the synergy between infrastructure and real estate.
“India’s infrastructure expansion is reshaping the real estate landscape, unlocking new growth corridors and transforming Tier II and III cities,” she said. “Expressways and industrial corridors are revolutionising land use, spurring urbanisation, and creating commercially viable economic hubs.”
Consistent policy support, rising institutional investment, and rapid infrastructure expansion are driving unprecedented growth in India’s real estate sector.
The Colliers–CII report concludes that this transformation will not only redefine India’s urban landscape but also establish the nation as a global powerhouse in sustainable, technology-driven real estate by 2047.
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