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India's real estate sector forecast to hit $5-10 trillion, making up to one-fifth of GDP by 2047.
A report by Colliers and CREDAI predicts India's real estate sector will reach a market value of USD 5-10 trillion by 2047, contributing to one-fifth of India's GDP.
The sector's contribution to GDP has grown from under 5% in the early 2000s to 6-8% today and is projected to reach 14-20% by 2047.
Key drivers of growth include rapid urbanization, infrastructure development, affordable housing demand, and digital transformation.
However, rising home prices and a shortage of affordable housing could push more people into costly rentals.
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Se pronostica que el sector inmobiliario de la India alcanzará los 5-10 billones de dólares, lo que representa hasta una quinta parte del PIB para el año 2047.