Indian Real Estate Market Set to Reach USD 5–10 Trillion by 2047, Driving One-Fifth of GDP
India’s real estate sector is on track to become one of the strongest pillars of the economy, with its market size projected to touch USD 5–10 trillion by 2047. The industry, which contributed less than 5% to GDP in the early 2000s, now accounts for 6–8% and is expected to rise to 14–20% in the coming decades. This surge positions real estate as a catalyst that could fuel nearly one-fifth of India’s total GDP.
A joint report by Colliers and CREDAI highlights that India’s economy could scale to USD 35–40 trillion by 2047, supported by four major drivers: rapid urbanisation, large-scale infrastructure development, affordable housing demand, and digital transformation. Residential sales are projected to double to 1 million units annually, while Grade A office and industrial space is expected to surpass 2 billion sq ft.
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The growth momentum is not limited to Tier I cities but is expanding into Tier II and Tier III regions, creating a more balanced and inclusive urban development story. This transition is marked by rising institutional investments, supportive policies, and strong developer as well as investor participation, ensuring long-term growth for multiple asset classes such as office, residential, industrial, warehousing, and retail.
Experts believe the sector’s impact will go beyond asset value. By 2047, Indian real estate is expected to focus on building climate-resilient cities, affordable yet aspirational homes, and sustainable ecosystems. This transformation will not only drive economic growth but also redefine the quality of life for millions, placing real estate at the core of India’s journey toward becoming a developed economy.
