India’s real estate sector is set for a significant scale-up, with office and industrial assets projected to surpass 2 billion sq. ft. by 2047. The sector is expected to reach $5-10 trillion, a growth that could contribute nearly one-fifth of the country’s GDP, according to a report by Colliers in association with CREDAI.

Released at the CREDAI NATCON event in Singapore, the report highlights five structural forces that will shape the sector’s trajectory: urban expansion, infrastructure development, demographic shifts, digital transformation, and sustainability imperatives.

Housing sales are expected to nearly double to 1 million units annually by 2047, driven by a rising median age of 30–40 years, higher income levels, and progressive housing policies. “By 2047, Indian real estate will not just be measured in square feet or asset values, it will be defined by the quality of life we create for millions of citizens,” said Shekhar Patel, President, CREDAI.

The report also underlined the role of Real Estate Investment Trusts (REITs) in this expansion. Their share in the sector’s market capitalisation is projected to rise to 40–50 per cent by 2047, compared with around 10 per cent at present. Within the REIT space, the office segment is expected to remain dominant, with penetration rising from 16 per cent in 2025 to more than 60 per cent by 2047.

Colliers and CREDAI noted that the expansion of Grade-A office and industrial stock beyond 2 billion sq. ft., coupled with doubling residential demand, will be complemented by growth in newer asset classes such as data centres, senior living facilities, retail malls, and hotels.

“Overall, the Indian real estate sector is set to remain a vital catalyst for inclusive urbanisation and sustainable community development as the nation advances toward global economic leadership,” said Badal Yagnik, CEO, Colliers India.

Published on September 11, 2025