India’s real estate market is on the brink of a huge transformation. A new Colliers‑CII report released Thursday claims that the sector could grow from about $300 billion today to between $5 trillion and $10 trillion by 2047. That jump would make real estate account for 14‑20 % of India’s GDP, a major boost for the economy.
The report, titled “Real Estate @2047: Building India’s Future Growth Corridors,” looks at key trends in residential, office, retail, industrial and warehousing, and newer areas like senior‑living, co‑living and data centres. What fuels this growth? A mix of government reforms, faster urbanisation, changing demographics, more infrastructure, technology and a focus on sustainability. These forces work together, create jobs, attract institutional money, and open new markets across the country.
Residential: The biggest hit from urbanisation
Cities are growing fast. Residential demand is shifting toward affordable homes, senior‑living facilities and shared‑living spaces. As people move to new places, they need modern, cost‑effective housing, and developers are stepping up to meet that need.
Commercial and industrial: Decentralisation is the trend
Better roads, highways and digital connectivity are making smaller cities more attractive. Office hubs and factories are moving out of crowded metros into Tier‑II and Tier‑III cities. Smart, green buildings and digital infrastructure support this shift, giving new places real‑estate value and economic firepower.
Technology: AI and data centres take centre stage
AI and other tech innovations help build data centres and smart‑city projects. These developments add new value to the property market and drive higher demand for advanced infrastructure.
Harleen Kaur, Deputy Secretary at the Ministry of Road Transport and Highways, stressed how expanding roads and expressways are reshaping the real‑estate landscape. “India’s infrastructure growth is unlocking new corridors and transforming Tier‑II and Tier‑III cities,” she said. “Improved connectivity will turn surrounding land into commercial hotspots and speed up urban development.”
The takeaway is simple: India’s real‑estate sector will grow rapidly, changed by urbanisation, infrastructure expansion and technology. This shift will reshape cities, create jobs and drive the country’s economic future.
Source: ianslive
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