India's real estate market is expected to reach $ 10 trillion by the year 2047, when the country will be celebrating its 100th anniversary of its independence. According to a joint report 'Indian Real Estate: The Quantum Leap' released by Credai and Colliers India, India's total GDP is expected to reach 55 trillion dollars, with a major contributor to the real estate sector. The IMF has estimated a growth rate of 8% for India, and the real estate sector may share in the country's GDP up to 14-20%.
Chances Of Big Growth In Real Estate Market
According to the report, the size of the Indian real estate market can increase from 5 to 7 trillion dollars by 2047, and if the situation remains favourable, it can also reach $ 10 trillion. However, if the situation is not right then it can be limited to 3 to 5 trillion dollars. Factors such as urbanization, demographic change and sustainable development will strengthen the real estate sector.
Estimates of increase in every segment
Credai and Colliers India have expected an increase in all major segments of the real estate sector. The report said, "Apart from major assets like office and housing, alternative assets such as data centres and senior citizens may also increase."
Apart from this, the development of real estate will no longer be limited to big cities, but will also expand to small cities. There is a possibility of major changes in real estate in India due to sharp urbanization, increasing average age and technological progress.
Real estate future for India
Credai National President Buman Irani said that India is soon moving towards a major change, with 50% of the country's population in urban areas by 2047, which will create unprecedented demand in residential, office and retail spaces.
India's target: 10 trillion dollars real estate market
CREDI chairman Manoj Gaur said that India aims to create a 10 trillion dollar real estate market, which is inspired by innovation and adoption in the region. He said that regulatory measures like RERA and REIT have increased transparency, which has increased the confidence of investors and improved the entire sector.
India is expanding in various economic territories, and the real estate area is also moving towards a "quantum leap", where many development opportunities can arise.
Six major factors of real estate sector
The report states that long -term growth in real estate will be based on six major factors: sharp urbanization, infrastructure development, digitization, demographic change, stability and investment diversification. The combined effect of these elements is possible to increase unprecedented growth in the Indian real estate sector.
FAQs
Why is India's actual estate area expected to achieve a 0 trillion market by means of the usage of 2047?
The boom is driven via fast urbanization, growing center-beauty profits, expanded infrastructure investments, and authorities initiatives like Smart Cities and Housing for All. These trends are anticipated to reinforce up actual property call for for the duration of residential, commercial enterprise, and commercial segments.
Which segments of actual property will make contributions most to this growth?
Residential actual estate will remain the backbone due to increasing housing wishes. However, industrial (office areas, co-working), retail, warehousing, and records center trends will notably contribute, mainly in tier 2 and three towns.
How will technology effect this increase trajectory?
Proptech enhancements—like AI-driven property are trying to find, blockchain-based transactions, digital belongings excursions, and clever building solutions—will streamline operations, improve transparency, and lure greater shoppers, fueling sectoral enlargement.
What function will authorities insurance play in engaging in this target?
Policies which includes RERA (Real Estate Regulation Act), digitization of land data, and PMAY (Pradhan Mantri Awas Yojana) are ensuring better law, be given as authentic with, and accessibility—growing a favorable environment for prolonged-time period sectoral boom.
