![INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT INDIAN REAL ESTATE SET FOR BREAKTHROUGH: 16% GROWTH TO PROPEL MARKET TO $10 TRILLION BY 2047: COLLIERS-CREDAI REPORT](https://cdn.magzter.com/1447665637/1729172240/articles/iADJZyxM-1729251712933/INDIAN-REAL-ESTATE-SET-FOR-BREAKTHROUGH-16-GROWTH-TO-PROPEL-MARKET-TO-10-TRILLION-BY-2047-COLLIERSCREDAI-REPORT.jpg)
India continues to be the fastest growing economy driven by strong domestic demand, improving business environment and supportive as well as forward-looking developmental policy initiatives. As India heads towards its centenary year of independence, real estate will play a pivotal role in economic growth trajectory of the country. This long-term growth in real estate is underpinned by six salient growth levers which includes, rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification; all of which will form the bedrock for a quantum leap in Indian real estate by 2047. These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a $10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.
The interplay between real estate and India’s economic growth journey over the next few decades is explored in the latest report “Indian Real estate: The Quantum Leap” by Colliers in collaboration with the Confederation of Real Estate Developers’ Associations of India (CREDAI) and released at the CREDAI NATCON event in Sydney. Most importantly, the quantum leap will create multiple real estate hotspots in its wake. Along the accelerated journey till 2047, various real estate segments will evolve and continue to proliferate, growing and maturing by varying degrees. Core assets such as office & residential real estate are likely to mature further and alternative assets such as data centers & senior living will embark upon strong growth trajectories. Market consolidation, fairpricing and institutionalization will become more pervasive across asset classes, especially in the industrial & warehousing segment.
SHIFTING DEMOGRAPHICS AND RISING URBANIZATION TO SPUR LONG-TERM REAL ESTATE DEMAND
This story is from the October 2024 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2024 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
![SMOOTH OPERATORS SMOOTH OPERATORS](https://reseuro.magzter.com/100x125/articles/11942/1986949/S9gF229Q41739190449999/SMOOTH-OPERATORS.jpg)
SMOOTH OPERATORS
Lubricants manufacturers are leaving no stone unturned to bring out the best for the industry
![THE UNMET DEMAND FOR SPACIOUS HOMES IN NCR THE UNMET DEMAND FOR SPACIOUS HOMES IN NCR](https://reseuro.magzter.com/100x125/articles/11942/1986949/CAA0ndKFq1739192138662/THE-UNMET-DEMAND-FOR-SPACIOUS-HOMES-IN-NCR.jpg)
THE UNMET DEMAND FOR SPACIOUS HOMES IN NCR
Siddharth Katyal, CEO, Bhumika Group, on what needs to be done
![BUILD THEM FAST BUILD THEM FAST](https://reseuro.magzter.com/100x125/articles/11942/1986949/frRadXgTz1739189744620/BUILD-THEM-FAST.jpg)
BUILD THEM FAST
Road construction equipment are getting innovative and highly advanced in India
![IS SOCIAL MEDIA INFLUENCING THE IDEA OF A DREAM HOME? IS SOCIAL MEDIA INFLUENCING THE IDEA OF A DREAM HOME?](https://reseuro.magzter.com/100x125/articles/11942/1986949/NhZ1AoW4a1739192294603/IS-SOCIAL-MEDIA-INFLUENCING-THE-IDEA-OF-A-DREAM-HOME.jpg)
IS SOCIAL MEDIA INFLUENCING THE IDEA OF A DREAM HOME?
Parthh K Mehta, CMD, Paradigm Realty highlights impact of social media on home buying decisions.
![RETAIL LEASING REMAINS STRONG RETAIL LEASING REMAINS STRONG](https://reseuro.magzter.com/100x125/articles/11942/1986949/vi4HmDPwL1739191698205/RETAIL-LEASING-REMAINS-STRONG.jpg)
RETAIL LEASING REMAINS STRONG
At 6.4 mn sq-ft in CY 2024 despite limited supply infusion across top 8 cities.
![JK CEMENT GOES TO JAMMU & KASHMIR JK CEMENT GOES TO JAMMU & KASHMIR](https://reseuro.magzter.com/100x125/articles/11942/1986949/vM2akS1RB1739188234919/JK-CEMENT-GOES-TO-JAMMU-KASHMIR.jpg)
JK CEMENT GOES TO JAMMU & KASHMIR
This move aligns with the government's focus on boosting infrastructural growth
![POWERING INDIA'S GROWTH THROUGH INNOVATION AND VALUES POWERING INDIA'S GROWTH THROUGH INNOVATION AND VALUES](https://reseuro.magzter.com/100x125/articles/11942/1986949/XIT00uhcK1739189400746/POWERING-INDIAS-GROWTH-THROUGH-INNOVATION-AND-VALUES.jpg)
POWERING INDIA'S GROWTH THROUGH INNOVATION AND VALUES
Over the years, Gmmco has successfully offered solutions to the construction, mining and energy & transportation industries to ensure customer profitability.
![PROVIDENT HOUSING LAUNCHES ECOPOLITAN PROVIDENT HOUSING LAUNCHES ECOPOLITAN](https://reseuro.magzter.com/100x125/articles/11942/1986949/Ys1b8CE_G1739187963563/PROVIDENT-HOUSING-LAUNCHES-ECOPOLITAN.jpg)
PROVIDENT HOUSING LAUNCHES ECOPOLITAN
The new phase comprises 581 residential units
![AAIJI INFRASPACE, INFINITY LAUNCH PROJECT AAIJI INFRASPACE, INFINITY LAUNCH PROJECT](https://reseuro.magzter.com/100x125/articles/11942/1986949/y-FZbR9Ee1739187864373/AAIJI-INFRASPACE-INFINITY-LAUNCH-PROJECT.jpg)
AAIJI INFRASPACE, INFINITY LAUNCH PROJECT
Its inaugural project is coming up in Kadipur village
![Enhancing fire safety in high-rises Enhancing fire safety in high-rises](https://reseuro.magzter.com/100x125/articles/11942/1986949/khsS3qCjG1739190899520/ENHANCING-FIRE-SAFETY-IN-HIGHRISES.jpg)
Enhancing fire safety in high-rises
Mumbai's high-rise developments dominate the national landscape, with the city accounting for 77% of India's tall buildings.