India's Real Estate Market to Hit $5-10 Trillion by 2047

India’s real estate sector is poised for massive expansion, projected to reach $5–10 trillion by 2047, according to a joint report by CREDAI and Colliers, unveiled at CREDAI NATCON 2025 in Singapore.

This growth will make real estate contribute nearly 20 percent of India’s GDP, driven by rapid urbanization, infrastructure development, demographic shifts, digital transformation, and sustainability imperatives.

The report highlights that India’s urban population will grow to 900M by 2050, requiring substantial expansion into Tier II & III cities and emerging corridors.

Key Highlights

• India’s real estate market projected to hit $5–10T by 2047
• REIT share to rise to 40–50 percent of market capitalization
• Tier II & III cities to drive next wave of housing & commercial growth

Infrastructure investments exceeding $2T by 2050 will be needed to support this urban growth, including new townships, retail hubs, and hospitality destinations.

The residential sector is projected to double annual sales to 1M units by 2047, led by rising luxury housing demand. The commercial and industrial segments are expected to surpass 2B sq. ft., reflecting strong demand for Grade A office and warehousing space.

A significant trend is the rise of REITs, which will account for 40–50 percent of market capitalization by 2047, up from 10 percent today. Institutional investments have already crossed $80B in 15 years, with foreign investors contributing 57 percent.

The event served as a platform to discuss India’s ambitious economic vision and the real estate sector’s role in achieving it. Shekhar Patel, President of CREDAI, emphasized the sector’s potential to redefine India’s urban future by creating climate-resilient cities, affordable yet aspirational homes, and inclusive ecosystems. “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,” Patel stated.

Badal Yagnik, CEO of Colliers India, echoed this sentiment, highlighting the sector’s role in India’s inclusive progress. “Fuelled by supportive policies, envisaged demand traction, and rising developer and investor interest, Indian real estate is poised for decades of growth acceleration across most asset classes,” he said. Vimal Nadar, National Director and Head of Research at Colliers India, underscored the shift toward Tier II and III cities, noting that these emerging hubs will drive the next wave of economic growth.

Also Read: Tier-2 Cities Power India's Growth with Real Estate & Start-ups

Sustainability is central to this growth, with green office space inventory expected to hit 700M sq. ft. by 2027. CREDAI also signed an MoU with Singapore’s BCA International to promote sustainable building practices, aligning with India’s goal of creating climate-resilient cities.