Daijiworld Media Network - Gurugram

Gurugram, Nov 6: India’s real estate sector is poised for a historic transformation, projected to expand from its current value of around $0.3 trillion to between $5 and $10 trillion by 2047, according to a joint report released by Colliers and the Confederation of Indian Industry (CII) on Thursday.

The report, titled “Real Estate @2047: Building India’s Future Growth Corridors,” describes real estate as a key pillar of India’s economic rise, estimating that it could contribute between 14 and 20 per cent of the country’s GDP by 2047.

Driven by government reforms, strong policy initiatives, rapid urbanisation, and technological innovation, the sector is witnessing an unprecedented surge. These factors, coupled with infrastructure development and sustainability priorities, are creating a powerful multiplier effect—boosting jobs, attracting institutional investments, and opening new growth corridors nationwide.

The study notes that the residential sector will experience the greatest transformation, led by rising urban populations and changing demographics, particularly in affordable housing, senior living, and co-living spaces. Meanwhile, commercial and industrial segments are expected to thrive with enhanced connectivity, decentralisation of office hubs, and the spread of manufacturing clusters to Tier II and III cities.

Additionally, the rise of artificial intelligence and digital infrastructure is expected to fuel demand for data centres and smart city developments across India.

Speaking at the CII event, Harleen Kaur, deputy secretary at the Union Ministry of Road Transport and Highways, highlighted the growing synergy between infrastructure and real estate.

“India’s expanding expressways and industrial corridors are reshaping land use patterns and accelerating urbanisation. Real estate and infrastructure will reinforce each other to create new economic hotspots and transform Tier II and III cities into thriving growth centres,” she said.