India’s property sector is entering a decisive growth phase, with its total market size projected to reach ₹88 lakh crore by 2030, more than three times its current scale. The estimate comes from a joint report by KPMG and the National Real Estate Development Council, titled The Role of Real Estate in Viksit Bharat @ 2047.
According to the report, the sector is valued at about ₹26.4 lakh crore in 2025 and is expected to expand sharply over the next five years, driven by urbanisation, infrastructure investment, and rising housing demand. By 2047, when India aims to achieve developed economy status, the market could grow to between ₹440.5 lakh crore and ₹616.7 lakh crore.
The study positions real estate as central to India’s long-term economic strategy. It argues that the sector is not limited to asset creation but acts as a structural pillar supporting productivity, mobility, and social stability. Homes, commercial spaces, logistics parks, and urban infrastructure are described as foundational to economic expansion and job creation.
Employment generation is expected to mirror this growth. The sector currently supports an estimated 70 million jobs across construction, design, sales, and allied services. That number could approach 100 million by 2030, reflecting deeper linkages with manufacturing, finance, and urban services.
Industry leaders note that real estate will play a defining role in translating national economic ambition into measurable outcomes, making it one of the most closely watched sectors over the coming decade.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.