New Delhi, Sept. 12 -- The Indian real estate sector has attracted nearly $80 billion in institutional investments over the past 15 years, with foreign investors accounting for 57 pc of the total, said a joint report titled ' Indian Real Estate: Fostering Equity and Fueling Economic Growth.'It was presented jointly by the Confederation of Real Estate Developers Association of India (CREDAI) and Colliers India.
The report said, "The Indian real estate market could reach USD 5-10 trillion by 2047."Shekhar Patel, president of CREDAI, noted that by 2047, real estate will not only be measured in square feet or asset values but by the quality of life created for citizens, focusing on climate-resilient cities, affordable yet aspirational homes an...