India’s real estate market is projected to more than triple in value by the end of the decade, according to a joint report by KPMG and Naredco.
In a study titled The Role of Real Estate in ViksitBharat@2047, the two organisations estimate that the sector, currently valued at about ₹26.4 trillion in 2025, could grow to ₹88 trillion by 2030. The expansion is being driven by rapid urbanisation, infrastructure development and rising demand for housing and commercial space.
The report positions real estate as a central pillar in India’s ambition to become a fully developed economy by 2047. It argues that the sector extends beyond property development, acting as an “execution lever” that underpins economic growth, productivity and social mobility.
Neeraj Bansal, Partner and Head – India Global at KPMG in India, said the market could expand further to between ₹440.5 trillion and ₹616.7 trillion by 2047, reflecting a deepening urban footprint and a broadening economic base.
Industry representatives also highlighted the sector’s broader economic impact. Parveen Jain, President of Naredco, said real estate plays a critical role in translating national ambition into tangible outcomes through housing, workplaces and supporting infrastructure.
Employment generation is expected to be another significant outcome of this growth trajectory. The report estimates that jobs linked to real estate — spanning construction, sales, design and allied industries — could approach 100 million by 2030, up from around 70 million at present.
The findings come at a time when policymakers are emphasising infrastructure-led development and urban transformation as part of long-term economic planning. With sustained investment and regulatory support, the sector is expected to remain a key contributor to India’s growth story over the coming decades.
