India’s Real Estate to Scale up Office & Industrial Assets Beyond 2 bn sq ft by 2047: CREDAI - Colliers
India’s real estate sector is set for a high-paced, multi-faceted growth across asset classes which is being driven by demographic shifts, infrastructure development, innovation and increasing focus on technology as well as sustainability.
The latest report “Indian real estate: Fostering equity and fueling economic growth” by Colliers in collaboration with the Confederation of Real Estate Developers’ Association of India (CREDAI) and released at the CREDAI NATCON event in Singapore revolves around the five structural forces—urban expansion, infrastructure development, demographic shifts, digital transformation, and sustainability imperatives. These forces are converging to unlock new dimensions of opportunity, innovation, and resilience across real estate asset classes in the country. From established Tier I cities to emerging Tier II & III cities, the real estate narrative is becoming more balanced, equitable and inclusive. The report also charts the growth across real estate asset classes from the 1990s till date and forecasts the trajectory till 2047, the centennial year of India’s independence.
Shekhar Patel, President, CREDAI said “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. The sector is uniquely positioned to reimagine India’s urban future: designing climate-resilient cities, building affordable yet aspirational homes, and nurturing ecosystems that foster innovation and inclusivity. As CREDAI, we see real estate as the foundation of India’s journey toward becoming a developed economy—where every new home, office, or warehouse contributes to social equity and sustainable growth. Our vision is to transform this sector into a model for the world, proving that rapid urbanization and environmental responsibility can go hand in hand. The coming decades are an opportunity to not just build structures, but to build the India of tomorrow.”
“India’s real estate sector is at the forefront of the country’s inclusive progress and is expected to scale into a USD 5-10 trillion market by 2047. Fueled by supportive policies, envisaged demand traction and rising developer as well as investor interest, Indian real estate is poised for decades of growth acceleration across most asset classes. Interestingly, both the Grade A office and industrial stock of the country is expected to surpass 2 billion sq ft mark by 2047. Residential sales could meanwhile double-up to 1 million units annually. Additionally, the ongoing spur in data centers, senior living facilities, retail malls and hotels are reflective of demand being driven by demographically diverse needs. Overall, the Indian real estate sector is set to remain a vital catalyst for inclusive urbanization and sustainable community development as the nation advances toward global economic leadership,” says Badal Yagnik, Chief Executive Officer, Colliers India.
