India’s real estate market is projected to grow from around $600 billion in 2025 to $1 trillion by 2030, according to a CREDAI–ANAROCK report launched at CREDAI’s NATCON 2026 event in Kolkata. The report also projects nearly $5.8 trillion by 2047. These are the report’s estimates and forecasts—not confirmed outcomes—and the launch coverage does not explain how it defines or calculates market size.
What the CREDAI–ANAROCK report projects
Fortune India’s 2 October 2026 coverage of the report launch attributes the following figures to the CREDAI–ANAROCK report:
| Measure | Reported figure | What it represents |
|---|---|---|
| Indian real estate market | Around $600 billion in 2025; projected $1 trillion by 2030 and nearly $5.8 trillion by 2047 | Market-size estimates and projections |
| Value of under-construction real estate | $94 billion in 2009; $503 billion in 2025 | Reported value of under-construction activity |
| Sector contribution to GDP | 6% in 2017; about 13% by 2030 | GDP contribution, a different measure from market size |
| Top-seven-city residential sales value | ₹2.35 lakh crore in FY22; ₹6.10 lakh crore in FY26 | Sales value across the seven cities covered |
| Global capability centres’ share of office leasing | Around 45% in H1 2026 | Share of leasing attributed to GCCs |
The report’s coverage does not supply the calculation method or the boundaries of its market-size measure. The figures should therefore be read as attributed estimates, not as a fully documented, independently validated forecast. Market size, construction value, sales value and GDP contribution describe different things and should not be treated as interchangeable.
What the report identifies as growth drivers
Urbanisation and city growth
CREDAI President Shekhar G. Patel said close to 40% of India’s population—about 600 million people—is expected to live in cities by 2036. He also cited cities and towns as contributing nearly 70% of national GDP. These figures frame the report’s case that urban growth can support demand for housing, offices and supporting infrastructure.
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Formalisation and capital
Patel identified formalisation and India’s emergence as a global hub for talent and capital as structural drivers. The launch coverage connects formalisation with RERA, GST rationalisation, REITs and the newer SM REIT framework. These developments form part of the report’s context; the coverage does not quantify how much any one of them contributes to the forecast.
Demand across property types and cities
Residential activity remains central to the outlook: the report highlights the increase in top-seven-city sales value and a growing role for Tier-II and Tier-III cities. On the commercial side, global capability centres accounted for around 45% of office leasing in H1 2026, according to the report. Coverage also points to listed office REITs and the expansion of international brands and branded hotels into smaller cities.
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Beyond housing and offices, the report identifies data centres, warehousing and hospitality as areas of activity. These are growth themes, not proof that every property type or city will expand at the same rate—or that any one segment will deliver the overall market forecast.
How the 2030 projection compares with earlier estimates
Earlier CREDAI-related figures also pointed to a $1 trillion market, but they come from different dates and should not be joined into a single consistent series:
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Repair Windows errors before they cause bigger problems3Scan for outdated or missing drivers - takes under a minute| Source and date | Reported estimate or projection | Important distinction |
|---|---|---|
| CREDAI report, reported by Hindustan Times, 16 March 2024 | $1.3 trillion by FY2034; $5.17 trillion by 2047 | A different report vintage and forecast horizon |
| CREDAI President Shekhar G. Patel interview, reported by Moneycontrol, 16 June 2025 | Sector worth around $320 billion; projection of $1 trillion by 2030 | An interview estimate, not the 2026 report’s 2025 base figure |
| CREDAI–ANAROCK report, reported by Fortune India, 2 October 2026 | Around $600 billion in 2025; projected $1 trillion by 2030 and nearly $5.8 trillion by 2047 | The latest of these cited vintages, with methodology not detailed in the launch coverage |
The estimates differ in publication date, base-year value and forecast horizon. The available coverage does not establish that the sources use the same definition of real estate market size or the same method. In particular, the 2026 figure should not be treated as validation of the earlier forecasts, or the earlier estimates as a comparable baseline for calculating growth.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the forecast means for construction and property decisions
A national projection can signal the scale of expected activity, but it cannot tell a builder, investor or homebuyer what will happen in a particular locality. The report’s cited indicators span residential sales, office leasing and other property segments; national growth does not guarantee equal demand, project viability or returns in each market.
- For a construction decision, assess the specific city, location, property type and project economics rather than relying on the national market-size number alone.
- For residential demand, distinguish the reported top-seven-city sales figures from the report’s broader discussion of Tier-II and Tier-III cities; the coverage does not provide comparable local sales values.
- For commercial projects, treat GCC leasing as an indicator of office demand in H1 2026, not a guarantee of future occupancy or leasing in a particular building.
At NATCON 2026, Patel summarised the report’s outlook this way: “The challenges of 2026 have tested the sector, but they have not changed its direction.”
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