Gurugram: India’s real estate sector is set for a transformative leap, projected to grow from its current valuation of around $0.3 trillion to between $5 trillion and $10 trillion by 2047, according to a new report by Colliers and the Confederation of Indian Industry (CII). The report forecasts that real estate could contribute up to 14–20 per cent of India’s GDP by 2047, making it a key pillar of the nation’s economic growth.
Titled “Real Estate @2047: Building India’s Future Growth Corridors,” the report outlines growth trends across key segments including residential, office, retail, industrial and warehousing, alongside emerging sectors such as senior living, co-living, and data centres. The study attributes this surge to robust policy reforms, rapid urbanisation, demographic shifts, infrastructure expansion, and sustainability-driven innovation.
The residential segment is expected to see significant expansion, especially in affordable and senior housing, while commercial and industrial real estate will benefit from improved connectivity and digital transformation in Tier II and III cities. The report also highlights the role of AI and technology in driving data centre and smart city infrastructure growth.
Speaking at the CII event, Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways, said India’s expanding infrastructure network is reshaping the real estate landscape by creating new economic corridors and transforming Tier II and III cities into future growth hubs.
