India’s Real Estate Set to Touch $10 Trillion by 2047: The Growth Engine of India’s Economic Future
India’s real estate sector is poised for an extraordinary leap — projected to surge from nearly $0.3 trillion today to an astounding $10 trillion by 2047, according to a Colliers-CII report. This transformation marks one of the most significant economic milestones, positioning real estate as a key pillar of India’s growth story. With rapid urbanisation, infrastructure expansion, and rising investor confidence, the sector is on the verge of becoming a major contributor to India’s GDP, expected to account for 14–20% by 2047.
The report, “Real Estate @2047: Building India’s Future Growth Corridors,” outlines how various segments — residential, commercial, retail, and industrial & warehousing — are driving this momentum. Emerging asset classes such as senior living, co-living, and data centres are redefining the market landscape. Backed by policy reforms, smart city initiatives, and sustainability goals, India’s property market is entering an era of long-term resilience and innovation.
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The residential sector remains at the forefront of this growth, fueled by rapid urbanisation and evolving demographics. Affordable housing, co-living spaces, and senior living communities are expected to lead demand across metropolitan and Tier II cities. Government-driven initiatives like the PMAY and housing-for-all mission are further accelerating access to modern, eco- friendly housing solutions, setting the stage for inclusive urban development.
Meanwhile, the commercial and industrial real estate segments are benefiting from massive infrastructure investments, including expressways, industrial corridors, and smart connectivity projects. These developments are transforming Tier II and Tier III cities into vibrant business hubs, attracting global investors and corporates. Enhanced digitalisation, automation, and green infrastructure are reshaping the real estate ecosystem to align with India’s Vision 2047.
According to Harleen Kaur, Deputy Secretary at the Ministry of Road Transport and Highways, the synergy between infrastructure and real estate is creating new economic corridors and unlocking commercially viable hotspots across the nation. As India marches towards becoming a global powerhouse, the real estate sector will not only provide homes and offices but also drive innovation, employment, and sustainable growth for decades to come.
