India's realty sector poised to grow at $5-10 trillion by 2047

India's real estate sector is at the cusp of a monumental and transformative journey and is projected to grow multifold levels-from nearly $0.3 trillion today to a staggering $5-10 trillion market by 2047, potentially contributing 14-20 per cent of the GDP by 2047.

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According to a joint report by Cll and Colliers on Real Estate @2047 - Building India's future growth corridors, the survey highlights near-term trends and the overarching growth theme across core segments-residential, office, retail, industrial & warehousing as well as emerging alternative asset classes like senior living, co-living, and data centers.

Most of these trends are being powered by a strong tailwind in the form of government-led reforms and policy initiatives and structural demand drivers such as rapid urbanisation, demographic shifts, infrastructure augmentation, technology-driven innovation, and sustainability priorities. Together these growth engines are creating a multiplier effect, fueling employment and demand across real estate asset classes, attracting institutional capital and unlocking new growth corridors across the country.

Within real estate, the residential segment is expected to see the most pronounced impact from rapid urbanisation and evolving demographics, particularly in affordable, senior and co-living spaces. Concurrently, technological advancements, especially in AI, will drive the growth of data centers and smart city infrastructure.