Viksit Bharat 2047 - India's Real estate enters a hyper-growth cycle

India’s real estate sector is entering its most transformative phase yet. As highlighted in the Real Estate @2047 report, the industry—already contributing 7–8% to national GDP and employing 77 million people—is set to become a US$4.8 trillion powerhouse by 2047, forming nearly 18% of India’s projected US$26 trillion economy. This growth is being fuelled by rapid urbanisation, massive infrastructure spending, rising incomes, and the integration of advanced technologies across the value chain.

With 50% of India becoming urban by 2047, the country is witnessing the simultaneous rise of both established metros and next-gen growth corridors.

The report indicates that Tier II and III cities, backed by connectivity projects under NIP, Gati Shakti, airport expansions, and industrial corridors, will unlock the next wave of real estate demand. This national trajectory is reflected strongly in micro-markets across India each demonstrating how localized growth stories are feeding into the larger vision of a Viksit Bharat.

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The Real Estate @2047 report underscores that households continue to invest 51% of total assets in real estate, far higher than in financial instruments. Meanwhile, rising per capita incomes—expected to cross US$15,600 by 2048—will fuel demand for both residential and commercial real estate.

International investors, too are eyeing India with renewed confidence, thanks to REIT reforms, improved ease of doing business, and large-scale sectoral transparency through RERA and digitisation.

India is rapidly becoming a hotspot for global investors. With strong economic fundamentals, an expanding middle class, rising disposable incomes, and improved regulatory frameworks, the country offers unmatched opportunities across residential, commercial, retail, and alternative asset classes.

The 2047 roadmap reaffirms that India is entering a golden era of real estate-driven wealth creation, said Vishal Raheja, Managing Director, InvestoXpert. With FDI in real estate and construction crossing US$33.9 billion, India is on the cusp of becoming a globally preferred destination for long-term property investment.

The northern region is benefiting significantly from India's infrastructure-first development model. With the Delhi–Meerut RRTS, the expansion of highways, elevated corridors, and the Kundli–Manesar–Palwal (KMP) Expressway, peripheral NCR is transitioning into a high-value, high-demand real estate belt.

Kundli’s growth perfectly mirrors the national real estate outlook. As connectivity, highways, and urban infrastructure mature around Delhi–NCR, micro-markets like Kundli are seeing unprecedented end-user and investor demand. This corridor is fast evolving as the natural northern extension of the capital region, said Akshay Taneja, CEO, TDI Infrastructure. Particularly, Kundli in Sonepat is witnessing accelerated capital value appreciation due to its strategic location and improved connectivity with Delhi and upcoming logistic and warehousing hubs along NH-44.

India’s transformational growth will be driven significantly by emerging industrial hubs where job creation, manufacturing growth, and connectivity combine to create new residential demand centers.

Vapi stands out as a model example. The report highlights that warehousing, logistics, and manufacturing clusters—supported by government initiatives like National Logistics Policy, PLIs, and Gati Shakti—will spur real estate expansion across Tier II cities. Vapi fits squarely into this projection.

With its strong industrial base, proximity to major employment hubs like Daman and Silvassa, and placement along the Mumbai–Ahmedabad corridor, Vapi is becoming one of the fastest-growing real estate destinations in Western India. Vapi’s real estate landscape is undergoing a remarkable shift. Its robust industrial ecosystem, excellent inter-state connectivity, affordable property prices, and rising workforce are creating strong rental and ownership demand. Cities like Vapi will be instrumental in India’s push toward balanced and inclusive urban growth said Virender Kumar, VP - Marketing, Arete Group.

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India’s PropTech and ICT penetration stands at just 5% today but is expected to rise to 12–13% by 2047—a leap that will redefine planning, construction, and property operations. Technologies such as AI, ML, IoT, BIM, construction automation, and digital land records are already shifting the sector toward transparency, efficiency, and sustainability. As India targets global urban standards, the role of technology becomes foundational, not optional.

India’s real estate sector is not just growing as it is reinventing itself for the next quarter century. From Delhi-NCR’s peripheral corridors to emerging industrial towns like Vapi, from digitized construction to global investment flows, every stakeholder is part of this transformation. Developers, technology players, investors, and policymakers now stand at an inflection point where today’s decisions will define the shape of Indian real estate for the next 25 years. And as the above industry insights show, leading companies across regions and sectors are already gearing up to drive this change.