Indian Real Estate Sector Poised for Growth, Projected to Exceed $5.8 Trillion by 2047
Indian Real Estate offers strong growth prospects, has potential to scale beyond $5.8 trillion by 2047
Business Standard
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The Indian real estate sector is on the brink of transformation, driven by technology and policy support, with potential growth surpassing $5.8 trillion by 2047. Contributing 7.3% to the national GDP, it plays a crucial role in employment and urban development.
- 01Indian real estate could exceed $5.8 trillion by 2047.
- 02The sector contributes 7.3% to India's GDP.
- 03Technology is reshaping asset development and transactions.
- 04Policy frameworks are increasingly supportive of real estate growth.
- 05Real estate is a major driver of employment and urban development.
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The Indian real estate sector is undergoing a significant transformation, as highlighted in the FICCI-KPMG Report 'Reimagining India's Real Estate Landscape' released at the 19th FICCI Real Estate Summit. With a projected growth potential exceeding $5.8 trillion by 2047, the sector is set to become a pivotal driver of economic growth, productivity, and job creation. Currently, real estate contributes 7.3% to India's GDP, showcasing its vital role in economic development. The report emphasizes that as projects become larger and more complex, the integration of technology into every stage of the real estate lifecycle—from planning to execution and sales—is essential. This transformation is supported by a favorable policy environment and increasing digital penetration, alongside greater participation from institutional and capital markets.
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The growth of the real estate sector could lead to increased job opportunities and urban development, benefiting various stakeholders including homebuyers and investors.
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