India real estate industry to hit US$ 970 billion by 2030: Report
- IBEF
- February 18, 2026
As per a joint study by KPMG and National Real Estate Development Council (NAREDCO), India’s real estate industry is projected to reach Rs. 88 lakh crore (US$ 970 billion) by 2030, registering a more than three-fold increase from an estimated Rs. 26.4 lakh crore (US$ 290 billion) size in 2025. The report states that India’s real estate continues to grow rapidly and become one of the main drivers for the country’s economic development under the categories of residential, commercial, and industrial properties. Moreover, this growth corresponds with the overall goal of developing into a developed economy by 2047.
Urbanization, increased levels of disposable income, policy reform, and increased institutional investment are all factors that are predicted to help increase the demand and growth of India’s real estate market. Policy reforms that have helped to improve sector transparency and have thus helped to stimulate investor confidence include the Real Estate Regulation and Development Act (RERA) and the implementation of a Goods and Services Tax (GST). Growth in the number of middle-income earners as urban homeowners is increasing demand within the middle-income bracket for urban housing, and a shift towards organized housing is continuing to drive growth in this sector. Over the longer term, real estate will continue to contribute to job creation and infrastructure development as a significant contributor to employment levels and will also be a driving force behind investment in multidimensional economies with strong connections to other sectors of the economy, such as cement and steel. Real estate's rising proportional contribution to India’s GDP is expected to strengthen its role as one of the key drivers of economic growth.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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