India’s real estate sector is entering a new phase of accelerated growth across asset classes, supported by demographic shifts, rapid urbanisation, infrastructure upgrades, digital adoption, and sustainability imperatives, said a CREDAI and Colliers India joint report.
Five structural forces, including urban expansion, infrastructure development, demographic shifts, digital transformation, and green mandates, are converging to reshape the industry. By 2047, Indian real estate is projected to evolve into a $5–10 trillion market, contributing as much as 20% to GDP, up from the current 6–8%, the report said.
The office and industrial and warehousing segments are expected to surpass 2 billion sq ft of Grade A stock, while annual residential sales could double to 1 million units. Demand is also expected to diversify into retail, hospitality, data centers, co-living, and senior living, driven by rising incomes and changing demographics.
“By 2047, Indian real estate will not just be measured in square feet or asset values, it will be defined by the quality of life we create for millions of citizens. The sector is uniquely positioned to reimagine India’s urban future: designing climate-resilient cities, building affordable yet aspirational homes, and nurturing ecosystems that foster innovation and inclusivity,” said Shekhar Patel, president of CREDAI.
The study underlines that urbanization will be a key growth driver, with India’s urban population projected to rise from 37% today to 53% by 2050. This shift will push real estate expansion deeper into tier II and III cities.
“India’s real estate sector is at the forefront of the country’s inclusive progress and is expected to scale into a $5–10 trillion market by 2047. Fuelled by supportive policies, envisaged demand traction, and rising developer as well as investor interest, Indian real estate is poised for decades of growth acceleration across most asset classes,” said Colliers India CEO Badal Yagnik.
According to him, both the Grade A office and industrial stock of the country is expected to surpass the 2 billion sq ft mark by 2047. Residential sales could double to 1 million units annually.
“With more than half of the urban infrastructure for 2050 yet to be built, focal growth centers can potentially shift to emerging Tier II and III cities and newer economic corridors. To support these infrastructure developments, India would require more than $2 trillion investments by 2050,” said Vimal Nadar, National Director and Head of Research, Colliers India.
Sustainability will be another defining theme. With a national target of 500 GW renewable energy by 2030 and net-zero emissions by 2070, developers are increasingly adopting energy-efficient designs and eco-friendly materials. The study estimates Indian cities could cut 50–80% of CO2 emissions by 2050 through renewable energy adoption.
Another growth lever will be Real Estate Investment Trusts, with their share in India’s real estate market cap projected to rise from 10% now to 40–50% by 2047, and office REIT penetration expected to expand from 16% in 2025 to more than 60%.
As India’s economy heads toward a $35–40 trillion size by 2047, the real estate sector is set to act as a catalyst for inclusive, sustainable, and innovation-led growth, the report added.
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Five structural forces, including urban expansion, infrastructure development, demographic shifts, digital transformation, and green mandates, are converging to reshape the industry. By 2047, Indian real estate is projected to evolve into a $5–10 trillion market, contributing as much as 20% to GDP, up from the current 6–8%, the report said.
The office and industrial and warehousing segments are expected to surpass 2 billion sq ft of Grade A stock, while annual residential sales could double to 1 million units. Demand is also expected to diversify into retail, hospitality, data centers, co-living, and senior living, driven by rising incomes and changing demographics.
“By 2047, Indian real estate will not just be measured in square feet or asset values, it will be defined by the quality of life we create for millions of citizens. The sector is uniquely positioned to reimagine India’s urban future: designing climate-resilient cities, building affordable yet aspirational homes, and nurturing ecosystems that foster innovation and inclusivity,” said Shekhar Patel, president of CREDAI.
The study underlines that urbanization will be a key growth driver, with India’s urban population projected to rise from 37% today to 53% by 2050. This shift will push real estate expansion deeper into tier II and III cities.
“India’s real estate sector is at the forefront of the country’s inclusive progress and is expected to scale into a $5–10 trillion market by 2047. Fuelled by supportive policies, envisaged demand traction, and rising developer as well as investor interest, Indian real estate is poised for decades of growth acceleration across most asset classes,” said Colliers India CEO Badal Yagnik.
According to him, both the Grade A office and industrial stock of the country is expected to surpass the 2 billion sq ft mark by 2047. Residential sales could double to 1 million units annually.
“With more than half of the urban infrastructure for 2050 yet to be built, focal growth centers can potentially shift to emerging Tier II and III cities and newer economic corridors. To support these infrastructure developments, India would require more than $2 trillion investments by 2050,” said Vimal Nadar, National Director and Head of Research, Colliers India.
Sustainability will be another defining theme. With a national target of 500 GW renewable energy by 2030 and net-zero emissions by 2070, developers are increasingly adopting energy-efficient designs and eco-friendly materials. The study estimates Indian cities could cut 50–80% of CO2 emissions by 2050 through renewable energy adoption.
Another growth lever will be Real Estate Investment Trusts, with their share in India’s real estate market cap projected to rise from 10% now to 40–50% by 2047, and office REIT penetration expected to expand from 16% in 2025 to more than 60%.
As India’s economy heads toward a $35–40 trillion size by 2047, the real estate sector is set to act as a catalyst for inclusive, sustainable, and innovation-led growth, the report added.
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