The role of real estate in ViksitBharat @2047

Real estate is positioned as a direct enabler of productivity, competitiveness and quality of life by building the physical capacity. India needs at scale - homes, jobs, workplaces and urban systems

The report highlights a steep expansion in market size from INR26.4 trillion in 2025 to INR88 trillion by 2030 and further to an estimated INR440.5-616.7 trillion by 2047, alongside a rising share of gross domestic product (GDP), reinforcing real estate’s role as a core growth engine rather than a peripheral sector

The housing challenge is framed as primarily an affordability and low-income access challenge, with the largest gap concentrated in economically weaker sections (EWS) and lower income groups (LIG) segments and constrained by formal credit access. Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 are positioned as key scale mechanisms, while the next phase needs stronger delivery capacity, better targeting and financing pathways that expand formal participation including ownership and rental solutions

The report explains how office demand is shifting toward grade-A, future-ready assets, with global capability centres as a structural demand engine and flexible workspaces becoming mainstream. It also highlights the growing role of institutional capital and listed structures such as real estate investment trust (REIT) in deepening long-duration investment participation in quality commercial assets

Artificial intelligence (AI), digital governance and construction technology are shown as practical execution accelerators, improving speed, transparency, safety and lifecycle performance. The report covers the digitisation of approvals and land systems, property technology (PropTech) and internet of things (IoT)-enabled operations and modern construction methods such as prefabrication as levers to reduce delays and improve quality

Sustainability is framed as a cost, resilience and competitiveness imperative. The report points to the mainstreaming of green standards and the policy stack supporting them and it notes the green building market trajectory to about INR6.2-7.0 trillion by FY30

The report highlights how Real Estate Regulatory Authority (RERA) has improved disclosure discipline, accountability and buyer protection, helping convert trust into capital confidence. It also links the broader regulatory and market architecture, including REIT and digitised systems, to improve transparency and deeper participation by long-term investors

The report captures how next-generation buyers are changing preferences toward ready-to-move, amenity-led and well-connected locations, how women’s participation in homeownership is rising and how formats such as senior living and co-living are emerging alongside traditional housing demand

The report closes with a clear execution thesis. Achieving the 2047 opportunity depends on strengthening institutions and predictable rules, accelerating infrastructure delivery, institutionalising technology and green adoption, keeping inclusion central through affordability-led supply and rental ecosystems and raising skilling and professional standards to improve productivity and delivery reliability