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The CREDAI-Anarock report put the value of housing projects under construction in India at USD 430 billion in 2025, up from USD 235 billion in 2019. The estimate, reported by PTI in the Free Press Journal on 2 October 2026, is nearly twice the 2019 figure.
What the reported figures measure
The USD 430 billion figure is the report’s estimate of the value of Indian housing projects under construction in 2025. It is not a measure of completed homes, annual construction spending, property sales, or the market capitalization of real estate companies. The PTI article does not explain how the report defines “value” or “under construction.”
The report, Indian Real Estate – Growth Trajectory, Sectoral Outlook and Geopolitical Crosscurrents, was released by CREDAI and Anarock at a Kolkata conference on 2 October 2026. The figures below are attributed to that report as relayed in PTI coverage; the underlying report and its methodology are not available in the cited coverage.
How the housing estimate changed over time
| Year | Reported value of housing under construction |
|---|---|
| 2009 | USD 45 billion (CREDAI-Anarock report, as reported by PTI) |
| 2019 | USD 235 billion (CREDAI-Anarock report, as reported by PTI) |
| 2025 | USD 430 billion (CREDAI-Anarock report, as reported by PTI) |
On those reported values, the estimate rose by USD 195 billion between 2019 and 2025. The article calls the rise nearly two-fold; it does not state whether the figures are adjusted for inflation.
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Housing’s share of the wider construction pipeline
The report put the total value of real estate under construction across residential, office, retail, and warehousing at USD 503 billion in 2025. Residential accounted for 85% of that total, compared with 48% in 2009. The report also said the combined value across those categories had grown from USD 94 billion in 2009 to USD 503 billion in 2025.
Within the commercial categories, office was reported as the largest by value. Warehousing was valued at more than USD 10 billion in 2025, having grown from a near-zero base in 2009. The PTI coverage does not give separate 2025 values for office or retail.
Why the report says housing construction rose
The report attributes the recent rise in housing construction activity to increased demand after the Covid-19 pandemic. This is the report’s explanation as relayed by PTI, not an independently established causal finding. The article does not provide project-level data or a breakdown showing how much of the reported increase is associated with that factor.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the available figures do not establish
- The valuation method, including whether it refers to project costs, expected value, or another measure, is not specified in the PTI coverage.
- The definition of “under construction,” the detailed geographic and project coverage, and whether values are inflation-adjusted are not stated.
- The USD 430 billion estimate should not be read as the value of all Indian housing, homes sold, construction completed in 2025, or annual investment.
The source is a PTI agency-feed story published by the Free Press Journal; it says the article was auto-generated apart from its headline. Without the primary report’s definitions and methodology, the figures are best treated as attributed estimates rather than independently verified measurements.
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