Indian Real Estate Market Set For USD 10 Trillion Expansion By 2047

 

Introduction

Indian Real Estate Set for Quantum Growth by 2047

India's real estate market is poised for exponential growth, projected to become a USD 10 trillion market by 2047, according to a joint report by Colliers and the Confederation of Real Estate Developers' Associations of India (CREDAI). Currently contributing around 7.3 per cent to the nation's GDP, the real estate sector is expected to significantly impact India's economy, with its share in GDP rising to 14-20 per cent over the next few decades.


Rapid Urbanisation and Demographic Shifts

India's urban population is projected to reach 50 per cent by 2047, contributing to high demand for residential, office, and retail spaces. The report emphasises that rapid urbanisation and infrastructure development will drive real estate growth beyond Tier-I cities, fostering new real estate hotspots in Tier-II and III towns.......Read More

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