Mumbai, June 17, 2025 – India’s real estate industry, currently valued at approximately $320 billion, is projected to reach $1 trillion by 2030, driven by strong growth across residential, commercial, and emerging segments such as co-living, senior housing, and rental assets, according to Shekhar G Patel, President of the Confederation of Real Estate Developers’ Association of India (CREDAI).
In an interview, Patel highlighted that India’s emergence as the world’s fourth-largest economy—as it recently surpassed Japan—has paved the way for sweeping opportunities in the realty space.
Projected Growth & Economic Impact
- Current vs future valuation: The sector is expected to surge from $320 billion to $1 trillion by 2030.
- GDP contribution rising: From around 8.4% today, this is forecast to exceed 10% by 2030, compared to just 1.8–2% in 2012.
- Service sector linkage: Real estate growth is underpinned by India’s booming service sector, which now represents over 55% of GDP and is fueling demand in the commercial property market.
Near-Term Outlook: A Market Bounce Expected
Patel anticipates a strong rebound in the real estate market by July–August 2025, following a phase of consolidation observed earlier this year.
Key Growth Triggers
- Affordable and mid‑segment housing remain central growth drivers, even as luxury housing fluctuates. Patel stresses that pricing policy reforms are essential to sustain momentum.
- Rise of REITs and SMREITs is injecting fresh capital into the commercial realty space.
- New asset formats in co-living, senior living, and rentals are expanding the sector’s reach.
CREDAI’s Five-Point Roadmap (2025–30)
As CREDAI’s new President, Patel unveiled a strategic agenda designed to propel growth and resilience:
- Workforce skilling: Targeting training for 100,000 construction workers annually via certified programmes.
- Sustainability & reforestation: Launching green building certifications and reforestation in zones like the Western Ghats and Aravalli.
- Affordable-housing reforms: Proposing area-based definitions and credit guarantee schemes to replace outdated ₹45‑lakh caps, reflecting current pricing at ₹70–80 lakhs for a 90 m² home.
- Digitisation & data analytics: Leveraging PropTech to improve transparency and operational efficiency.
- Ease of doing business: Lobbying for streamlined, 100‑day project approvals, and greater use of precast and prefabrication to reduce delays.
Broader Context & Path Ahead
Patel positioned the real estate boom in the larger context of India’s ambition to evolve into a $30-trillion economy by 2047, with realty playing a key role in that journey.
Despite recent cooling, the sector remains resilient. CREDAI expects robust recovery in the second half of 2025, supported by macroeconomic strength, financing support, and government collaboration.
Bottom Line
Shekhar Patel’s outlook positions Indian real estate for transformative growth—rooted in diversification, innovation, policy reform, and technology. If realised, the sector’s rise to $1 trillion will significantly deepen its economic footprint, elevate its GDP share, and reshape urban living landscapes across India.