Real Estate to Play a Key Role in Achieving the Viksit Bharat Vision

Despite occasional fluctuations, India’s real estate sector continues to grow steadily. According to a joint report released by consultancy firms KPMG and NAREDCO, the market size is projected to reach ₹88 lakh crore by 2030. This represents nearly a threefold increase compared to last year’s valuation of ₹26.4 lakh crore, the report noted.

Furthermore, by 2047, the real estate market is expected to expand significantly, reaching between ₹440.5 lakh crore and ₹616.7 lakh crore, according to Neeraj Bansal, Head of the Global Division at KPMG India. The report, titled “The Role of Real Estate in Viksit Bharat, 2047,” highlights that the real estate sector will play a pivotal role in achieving the vision of Viksit Bharat and is poised to become a backbone of the country’s economic growth.