India’s Housing Market Set to Quadruple by 2047
India’s housing sector is gearing up for massive expansion, with annual home sales expected to climb to 8–10 lakh units by 2047, compared to the current 3–4 lakh units in 2025. This growth is being powered by rapid urbanisation, large-scale infrastructure development, and the rising demand for premium housing driven by high-paying jobs and global capability centres.
Post-pandemic, demand for larger and more spacious homes has surged, especially in the outer zones of Tier I cities. Buyers are increasingly preferring luxury housing and second homes, creating momentum across both metro and emerging markets. Once underexplored regions like Delhi, Bengaluru, and parts of the NCR are now shaping up as key growth engines for the sector.
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Industry experts highlight that Delhi’s premium housing market and Bengaluru’s employment-driven demand are leading examples of how infrastructure and job creation fuel housing growth. Micro-markets in city outskirts are also booming, offering buyers serenity, better connectivity, and long-term price appreciation potential. Gurugram and Noida are expected to benefit further from projects like the Noida International Airport, metro expansions, and expressway networks.
The sector’s economic impact is equally noteworthy. Real estate’s share in India’s GDP, which was under 5% in the early 2000s and is now around 6–8%, could touch 14–20% by 2047. With office spaces, warehousing, retail, and REITs also projected to expand multi-fold, Indian real estate is well-positioned as a potential $10 trillion growth catalyst over the next two decades.
