The Confederation of Real Estate Developers’ Associations of India (CREDAI) has emphasized the pivotal role of the real estate sector in achieving the nation’s ambitious goal of becoming a $30 trillion economy by 2047. At a recent industry forum, CREDAI leaders outlined how housing, commercial spaces, and urban infrastructure will serve as critical growth engines for India’s economic transformation.
According to CREDAI, the real estate industry directly contributes nearly 7% to India’s GDP today and has the potential to touch 15% by 2047, provided it is supported by robust policies, digital adoption, and sustainable practices. With rapid urbanization, the demand for affordable housing, smart cities, and commercial hubs is expected to surge, driving both employment and investment opportunities.
Leaders highlighted that the sector must align with India’s climate commitments, adopting green technologies, energy-efficient designs, and innovative financing models to ensure inclusive growth. Collaboration between government, private developers, and financial institutions will be vital to unlocking the sector’s full potential.
Analysts agree that real estate’s multiplier effect—spanning jobs, supply chains, and allied industries—positions it as one of the strongest contributors to India’s long-term economic vision. CREDAI’s roadmap underscores real estate as a cornerstone of India@100.
