Summary:

India's real estate industry is predicted to reach $10 trillion by 2047, accounting for 14-20% of GDP, driven by sectors such as elder housing, co-living, and data centers. According to Colliers and CREDAI, by 2047, about half of the population will live in urban areas, generating significant demand for residential, office, and retail space, while the median age is expected to rise from 30 to 40 by 2050.

Real estate is extending beyond tier-I cities into smaller towns and suburbs due to increased urbanization, infrastructural development, and employment growth. CREDAI President Mr. Boman Irani emphasized that institutional investments will enhance transparency and fair pricing. Key factors driving this growth include urbanization, infrastructure expansion, digitalization, demographic transitions, sustainability, and investment diversification. Regulatory measures such as RERA and REITs have bolstered investor confidence. Mr. Badal Yagnik, CEO of Colliers India, stated that by 2047, there will be over 100 new million-plus cities, creating enormous investment potential.

Source: IBEF 

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