India’s real-estate sector is poised for a transformative growth trajectory, with projections suggesting that it could expand from around USD 0.3 trillion today to USD 5–10 trillion by 2047, according to a report by Colliers India in partnership with Confederation of Real Estate Developers’ Association of India (CREDAI).
The report, titled “Real Estate @2047: Building India’s Future Growth Corridors”, estimates that real-estate’s contribution to India’s GDP could rise to 14 – 20 % by 2047, up from the current share of 6 – 8 %.
Key drivers in this anticipated growth include rapid urbanisation, demographic shifts, infrastructure expansion, technology-led innovation, and sustainability mandates. The report highlights core segments such as residential, office, retail, industrial & warehousing, and emerging asset classes like senior living, co-living and data-centres.
In the residential segment, growth is expected to be most pronounced, with focus on affordable housing, senior-living and co-living models. Commercial and industrial real-estate are also set to benefit strongly from infrastructure-led connectivity improvements, decentralised office hubs and enhanced manufacturing clusters in Tier II and Tier III cities.
Addressing a recent event of Confederation of Indian Industry (CII), Harleen Kaur, Deputy Secretary of the Union Ministry of Road Transport & Highways, said that infrastructure expansion is unlocking new growth corridors and transforming land-use patterns in city catchments. frameworks, the real-estate market will increasingly attract institutional capital, unlock new growth corridors, and evolve into a major contributor to the national economy.
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