The market size of the real estate industry in India was valued at around 477 billion U.S. dollars in 2022 and is estimated to reach one trillion dollars by 2030. Real estate industry is forecasted to grow exponentially until 2047.
What is included in the real estate sector?
The real estate sector includes a variety of segments dealing with land and the buildings on it as well as with related resources if necessary. During the development phase of real estate projects, the construction industry is responsible for the realization. The real estate market includes all the sales and investment processes within the sector. Depending on the purpose of the building, the market is made up of the segments residential, office, commercial, or retail real estate. Sometimes housing is even used synonymously for real estate.
Importance of the real estate sector in India
Due to a stable growth in recent years and the variety of segments contributing to it, the real estate sector is perceived to be one of the main drivers for India’s economic development in upcoming years. As the Indian population is comparatively young and urbanization is continuing, the demand for housing is strong. Additionally, the office segment benefits from a strong IT-sector, while the construction-industry is one of the leading industries in India for attracting foreign direct investments. Besides its importance for the Indian market in general, the real estate sector comes second in generating employment after agriculture.
Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047
(in billion U.S. dollars)
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India Brand Equity Foundation. (May 24, 2024). Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/
India Brand Equity Foundation. "Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047 (in billion U.S. dollars)." Chart. May 24, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/
India Brand Equity Foundation. (2024). Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/
India Brand Equity Foundation. "Market Size of The Real Estate Industry in India in 2015 to 2022, with Estimates until 2047 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 May 2024, https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/
India Brand Equity Foundation, Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/ (last visited December 30, 2024)
Market size of the real estate industry in India in 2015 to 2022, with estimates until 2047 (in billion U.S. dollars) [Graph], India Brand Equity Foundation, May 24, 2024. [Online]. Available: https://www.statista.com/statistics/955598/india-real-estate-industry-market-size/
