New Delhi, Sept. 12 -- India's real estate sector contribution to the GDP is growing steadily, from under 5 per cent in the early 2000s to 6-8 per cent today and is projected to reach 14-20 per cent, positioning it as a potential USD 10 trillion growth catalyst by 2047.

According to a report by Colliers in collaboration with the Confederation of Real Estate Developers' Association of India (CREDAI), as India gradually approaches its centennial year of Independence in 2047, the Indian economy can potentially reach USD 35-40 trillion. The report underlines four critical drivers of this growth: rapid urbanisation, large-scale infrastructure development, affordable housing demand, and digital transformation.

"India's real estate sector is a...