Indian Real Estate Market Set for Multi-Trillion Dollar Growth by 2047: CREDAI & Colliers Report

The Indian real estate market is projected to skyrocket to USD 5-7 trillion by 2047, possibly reaching USD 10 trillion, driven by economic growth and urbanization, according to a joint report by CREDAI and Colliers. The report highlights significant growth prospects, institutional investment, and emerging real estate hotspots across the country.

The Indian real estate market is set to expand dramatically, reaching USD 5-7 trillion by 2047, potentially hitting USD 10 trillion, driven by rising economic growth and rapid urbanization, according to a joint report by CREDAI and real estate consultant Colliers.

The CREDAI and Colliers report, released at the CREDAI-NATCON conference, outlines that the real estate sector, which contributed 6-8% to the GDP in 2021, will grow considerably, reaching USD 1 trillion by 2030.

The report estimates the market size of Indian real estate to touch USD 3-5 trillion in a pessimistic scenario, USD 5-7 trillion realistically, and USD 7-10 trillion optimistically by 2047. The sector's share in India's GDP could rise to 14-20%.

(With inputs from agencies.)