INDUSTRY
Realty market set to expand by three-fold to Rs 88 l cr, fuelled by urbanisation
- IBJ Bureau
- Feb 17, 2026
The Indian real estate market is projected to reach Rs 88 lakh crore by 2030, a more than three-fold jump from last year’s market size, according to a joint report by KPMG and NAREDCO. The market forecast is a part of the joint report titled, The Role Of Real Estate In Viksit Bharat@2047, by realtors’ body NAREDCO and KPMG, an audit, tax and advisory firm, released recently.
“India has set an ambitious target to become a fully-developed economy by 2047, and real estate is not just about buildings; it is the backbone that makes this vision achievable,” notes the PTI quoting the report. Real estate becomes one of the clearest execution levers to reach that goal, it has added.
“India's real estate market is currently worth about Rs 26.4 lakh crore in 2025 and is projected to grow to about Rs 88 lakh crore by 2030,” the report adds.
Neeraj Bansal, a partner and head of India Global of KPMG in India, notes that the real estate market is expected to expand to Rs 440.5-616.7 lakh crore by 2047, as India’s urban footprint and economic base deepen, according to the PTI.
“Real estate is where national ambition becomes real, through homes that anchor dignity, workplaces that power productivity and infrastructure that enables mobility and opportunity. In that sense, the sector is not only shaping assets but also outcomes,” NAREDCO President Parveen Jain has said.
Number of jobs in the real estate sector could approach 10 crore million by 2030 from the current estimates of 7 crore across construction, sales, design and related industries, the PTI has quoted the report.
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