India’s real estate market is booming, and experts predict it will play a huge role in the country’s future growth. A new report from Colliers, in partnership with CREDAI, highlights how strong demand and economic progress are pushing the sector forward. By 2047, India’s total office stock could top 2 billion square feet, thanks to more institutions setting up shop and businesses scaling up.
Let’s start with offices. Grade A office space in India has tripled since 2010, reaching over 800 million square feet today. What’s driving this? Global Capability Centres (GCCs) and local companies in tech, banking, finance, engineering, and manufacturing are snapping up space fast. This surge shows India’s appeal as a global business hub.
On the industrial side, things look even brighter. Grade A industrial and warehousing stock hit 250 million square feet in 2025—way up from 2010 levels. Better infrastructure, private investments, and changing consumer needs are fueling this growth, making India a hotspot for logistics and supply chains.
Housing is another winner. Back in the 2010s, people flocked to cities for IT jobs, boosting demand in major metros. The Real Estate (Regulation and Development) Act, or RERA, added transparency and trust to the market. Sure, COVID-19 slowed sales at first, but they’ve roared back with record numbers in recent years.
Looking ahead, India’s young population is a big plus. The median age will climb to 30-40 years by 2047, hitting peak earning and spending time for many. With rising incomes and smart housing policies, annual home sales could double to 1 million units. That’s great news for affordable housing in India.
Urbanisation is speeding up too. By 2050, nearly 900 million Indians—about 53% of the population—will live in cities, up from 37% now. This means development won’t stop at big cities like Mumbai or Delhi. Tier II and III cities, plus new growth areas, will need more homes, offices, and warehouses to keep up.
Vimal Nadar, National Director and Head of Research at Colliers India, puts it well: “India isn’t just building more infrastructure—it’s reshaping urban life. Budgets for projects have grown 13-14% yearly over the last 25 years, but rapid urbanisation demands even more action.”
The real estate sector is key to India’s economic dreams. Government support and teamwork between public and private players could make India the world’s third-largest economy by 2030 and push it to $35-40 trillion by 2047. Today, real estate contributes 6-8% to GDP, up from under 5% in the early 2000s. By 2047, that could jump to 14-20%, turning it into a $10 trillion powerhouse.
CREDAI President Shekhar Patel adds, “By 2047, Indian real estate won’t just be about size or value—it’s about improving lives. We’re creating climate-smart cities, affordable homes that inspire, and spaces that spark innovation and include everyone.” With these trends, India’s real estate future looks exciting and full of potential.
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