India's real estate sector is expected to grow significantly, reaching a value of over $4.8 trillion by 2047. This growth will contribute to around 18% of the projected $26 trillion GDP.
The sector currently accounts for 7% of the country's GDP, indicating its potential for further expansion. The report highlights the rapid growth of the proptech segment, which is estimated to reach a market size of more than $600 billion by 2047, representing 12-13% of the overall real estate industry.
This growth is driven by technological advancements such as artificial intelligence, the internet of things, and building information modeling, which are transforming operations and improving efficiency within the sector. The report emphasizes the ongoing technological revolution in real estate, which is currently valued at $300 billion, with proptech accounting for less than 5% of this market. These findings suggest a promising future for India's real estate landscape, supported by advancements that enhance transparency and operational efficiency throughout the value chain.