India, Sept. 11 -- India's real estate sector is projected to grow into a $5-10 trillion market by 2047, contributing nearly one-fifth of the country's GDP, according to a report by CREDAI and Colliers released at the 23rd edition of CREDAI NATCON in Singapore.

Driven by supportive policies, strong demand, and increasing interest from both developers and investors, the sector is poised for long-term growth across asset classes. The combined stock of Grade A office, industrial, and warehousing spaces is expected to surpass 2 billion sq ft by 2047, while annual housing sales could double to 1 million units, it noted.

The report also notes a major shift in market structure, with Real Estate Investment Trusts (REITs) projected to account fo...