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A joint report by CII and Colliers India has indicated that housing prices are expected to appreciate between 5% and 10% annually over the next few years, fuelled by rising incomes, urban migration, and the increasing demand for premium homes. The study also projects that annual housing sales could rise significantly, while the Indian real estate market is likely to expand from USD 0.3 trillion in 2025 to as much as USD 10 trillion by 2047, supported by rapid infrastructure growth and policy support.
Housing prices across India are anticipated to witness a steady annual appreciation of around 5-10% over the next few years due to improving demand, according to a joint report released by the Confederation of Indian Industry (CII) and Colliers India. The report, titled Real Estate @2047: Building India's Future Growth Corridors, was unveiled during a conference held in New Delhi earlier this week by Harleen Kaur, Deputy Secretary at the Ministry of Road Transport and Highways. Advertisement
The report highlighted that India's annual residential sales, currently standing at approximately 3-4 lakh units, could rise sharply to about 10 lakh units by 2047. It observed that the increase in sales volume will be supported by growing income levels, demographic changes, and progressive housing policies that are likely to strengthen demand in the medium to long term.
Colliers India stated that improved infrastructure, government incentives for homebuyers, and a rising preference for reputed developers would further sustain the growth momentum in both sales and property prices. The report also emphasised that Tier II and Tier III cities, including spiritual hubs, are set to experience sustained housing demand growth over the coming decades, supported by expanding urbanisation and infrastructure connectivity.
The CII-Colliers report projected that India's real estate market size is poised to grow from USD 0.3 trillion in 2025 to between USD 5 trillion and USD 10 trillion by 2047. Harleen Kaur noted that India's expanding infrastructure is transforming the real estate landscape by creating new growth corridors and opportunities across smaller cities. She added that as India moves towards becoming a multi-trillion-dollar economy, the demand for high-quality built structures, integrated logistics parks, and transit-oriented developments will continue to rise.
Kaur further remarked that the real estate and infrastructure sectors would continue to reinforce each other, with expressways and industrial corridors improving connectivity, transforming land use patterns, and driving commercial development in emerging regions.
Pradeep Aggarwal, Founder and Chairman of Signature Global India Ltd, pointed out that consistent technological adoption within real estate and infrastructure is crucial for ensuring sustainable growth. Meanwhile, Badal Yagnik, CEO and Managing Director of Colliers India, said that India's real estate transformation would be marked by large-scale expansion across asset classes, with growing traction not only in core segments such as office, residential, and industrial & warehousing but also in emerging categories like data centres and co-living spaces.
The CII-Colliers report underscored the robust outlook for India's housing and real estate markets, driven by demographic trends, infrastructural improvements, and evolving buyer preferences. With Tier II and III cities increasingly becoming focal points of development, the sector is expected to see sustained long-term expansion. The emphasis on technology, sustainable practices, and integrated urban planning is set to further strengthen India's position as a global real estate growth engine in the coming decades.
Source - PTI
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