New Delhi, May 7 (BNP): India’s real estate sector is expected to witness significant expansion over the long term, with its market size projected to reach about USD 5.8 trillion by 2047, according to a joint industry report by FICCI and KPMG.
The report notes that the sector is being reshaped by rapid urbanisation, infrastructure expansion, rising housing demand, and growing investor interest across residential, commercial, and industrial segments. These factors are expected to support sustained growth over the coming decades.
A major highlight of the findings is the sharp rise in artificial intelligence adoption across the real estate ecosystem, with usage levels reaching nearly 91%. AI tools are increasingly being used for property valuation, market analysis, customer engagement, project planning, and construction monitoring.
Industry experts say this shift is improving efficiency, reducing delays, and making real estate transactions more transparent and data-driven. Developers are also using advanced analytics to better assess demand patterns and improve project execution.
The report further indicates that the integration of technology with traditional real estate operations is transforming the sector into a more organised and structured market, attracting greater institutional participation.
Overall, the study suggests that India’s real estate sector is entering a new phase of technology-led growth, where digital tools and long-term infrastructure development will play a central role in shaping its future.
