Real Estate Market In India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Real Estate Industry Report is Segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and Key Cities (Mumbai Metropolitan Region (MMR), Delhi NCR, Pune, Chennai, Hyderabad, Bengaluru and Rest of India). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

Real Estate Market In India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Indian Real Estate Market Size

Real Estate Industry In India (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 332.85 Billion
Market Size (2030) USD 985.80 Billion
CAGR (2025 - 2030) 24.25 %
Market Concentration Low

Major Players

Real Estate Industry in India Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Real Estate Market Analysis

The Real Estate Industry In India Market size is estimated at USD 332.85 billion in 2025, and is expected to reach USD 985.80 billion by 2030, at a CAGR of 24.25% during the forecast period (2025-2030).

  • In 2024, India's real estate market has showcased robust momentum, witnessing significant growth across its residential, commercial, and premium sectors. According to a report by an real estate brokerage firm, residential real estate sales surged by 17% year-on-year in the first three quarters of 2024. This growth is attributed to heightened buyer confidence and a rising demand for premium housing, especially in major cities such as Mumbai, Bengaluru, and Pune.Bengaluru's residential property prices climbed by 9%, while Mumbai, NCR, and Pune experienced a 4-5% uptick, underscoring the remarkable growth in both luxury and premium segments.
  • Bolstered by a consistent demand for office spaces, especially in IT-centric cities like Bengaluru and Hyderabad, the commercial sector remains vibrant. Leasing activities are on an upward trajectory, buoyed by optimistic forecasts for co-working spaces and Grade A office developments.
  • By 2047, an estimated 50% of India's population will call urban centers home. This shift will ignite a surge in demand for residential, office, and retail spaces. Additionally, emerging segments such as senior living, co-living, and data centers are poised for exponential growth. Sources indicate that by 2025, India's demand for data centers in real estate is projected to grow by 15-18 million sq. ft.
  • Driven by changing consumer preferences, the swift growth of organized retail real estate sees shoppers gravitating towards experiential environments that prioritize convenience, personalization, and digital integration.
  • To align with these evolving expectations, retailers are embracing technological advancements, including e-commerce platforms, omnichannel strategies, and enhanced in-store digital experiences. Furthermore, sustainability and energy efficiency have transitioned from being mere options to essential mandates, as businesses address environmental concerns, adhere to regulatory standards, and cater to the rising consumer demand for eco-conscious spaces.
  • In July 2024-25 Union Budget, the central government has rolled out the Pradhan Mantri Awas Yojana Urban 2.0 (PMAY), catering to the housing demands of 1 crore urban poor and middle-class families. This ambitious endeavor, underpinned by a substantial investment of Rs. 10 lakh crore (USD 120.16 billion), is instrumental in invigorating India's real estate sector, particularly by amplifying the demand for affordable and mid-segment housing.
  • Pradhan Mantri Awas Yojana Urban 2.0 marks the latest iteration of the government's flagship housing initiative. Its primary goal is to ensure affordable housing for economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG) in urban locales. This initiative emphasizes the vision of 'housing for all', leveraging subsidies, fostering public-private partnerships, and prioritizing the construction of sustainable, energy-efficient housing units.
  • As urbanization accelerates, bolstered by infrastructure advancements and job opportunities, the real estate landscape is set to shift. Beyond just tier I cities, smaller towns and cities are emerging as new growth centers. Notably, the peripheries of established cities, along with tier II and III locales, are poised for a surge in real estate development across various asset classes.

India Real Estate Industry Overview

India's real estate market is highly fragmented. On one hand, there are prominent pan-India brands like DLF, Lodha Group, and Oberoi Realty. On the other, a myriad of smaller, regional developers. While these larger entities boast scale and a strong reputation, it's the local developers who adeptly cater to region-specific demands, influencing market dynamics on the ground.

This competitive landscape exerts pressure on both selling and land prices. New project launches, especially in urban centers with shifting demand, can sometimes lead to oversupply. Urbanization and demographic shifts promise future growth, yet this oversupply threatens to stifle price appreciation and jeopardize market stability. Moving forward, achieving a delicate balance between supply and demand will be paramount for the sector's sustained health and growth.

India Real Estate Market Leaders

  1. Godrej Properties

  2. Prestige Estates Projects Ltd.

  3. OBEROI REALTY LIMITED.

  4. DLF

  5. SOBHA limited

  6. *Disclaimer: Major Players sorted in no particular order
Real Estate Industry in India Market Concentration
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India Real Estate Market News

  • October 2024: In the second quarter of the financial year 2024-25, Godrej Properties secured six new land parcels, aligning with its ambitious plan to roll out housing projects valued at ₹9,650 crore. This move underscores the company's expansion strategy, driven by robust market demand. Godrej Properties employs a dual approach in its land acquisitions: outright purchases and partnerships with landowners for joint developments. In its operational updates for the July-September quarter, the company revealed that in the first half of the financial year 2024-25, it has successfully added 8 new land parcels, boasting an estimated saleable area of approximately 11 million square feet and a potential booking value of around ₹12,650 crore.
  • September 2024: DLF, a publicly listed real estate developer based in Delhi NCR, is set to bolster its retail portfolio with the construction of three new malls in Delhi, Gurugram, and Goa. The new malls will be located in Moti Nagar (central-west Delhi), DLF Phase-5 in Gurugram, and Panjim in Goa. Currently, DLF boasts a retail portfolio of approximately 5 million square feet. With the addition of these new malls, the portfolio is projected to expand to around 6.3 million square feet once they become operational.

Real Estate Industry In India Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Market Scenario
  • 4.2 Government Regulations and Initiatives
  • 4.3 Insights into Size of Real Estate Lending and Loan to Value Trends
  • 4.4 Insights into Rental Yields in Residential Real Estate Segment
  • 4.5 Insights into Technological Trends in the Market
  • 4.6 Insights into Interest Rate Regime for General Economy and Real Estate Lending
  • 4.7 Insights into Capital Market Penetration and REIT Presence in Residential Real Estate
  • 4.8 Insights into Real Estate Tech and Startups Active in the Real Estate Segment (Broking, Social Media, Facility Management, and Property Management)
  • 4.9 Insights into Affordable Housing Support Provided by Government and Public-private Partnerships
  • 4.10 Supply Chain/Value Chain Analysis
  • 4.11 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Government Initiatives are Driving the Market
    • 5.1.2 Demand for Luxury Apartments is Rising
  • 5.2 Market Restraints
    • 5.2.1 High-interest Rates
  • 5.3 Market Opportunities
    • 5.3.1 Shift Toward Sustainability
  • 5.4 Porter's Five Forces Analysis
    • 5.4.1 Bargaining Power of Buyers/Consumers
    • 5.4.2 Bargaining Power of Suppliers
    • 5.4.3 Threat of New Entrants
    • 5.4.4 Threat of Substitute Products
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SEGMENTATION

  • 6.1 By Property Type
    • 6.1.1 Residential
    • 6.1.2 Office
    • 6.1.3 Retail
    • 6.1.4 Hospitality
    • 6.1.5 Industrial
  • 6.2 By Key Cities
    • 6.2.1 Mumbai Metropolitan Region (MMR)
    • 6.2.2 Delhi NCR
    • 6.2.3 Pune
    • 6.2.4 Chennai
    • 6.2.5 Hyderabad
    • 6.2.6 Bengaluru
    • 6.2.7 Rest of India

7. COMPETITIVE LANDSCAPE

  • 7.1 Overview (Market Concentration and Major Players)
  • 7.2 Company Profiles
    • 7.2.1 Godrej Properties
    • 7.2.2 Prestige Estates Projects Ltd
    • 7.2.3 Oberoi Realty Limited
    • 7.2.4 DLF
    • 7.2.5 SOBHA Limited
    • 7.2.6 Lodha Group
    • 7.2.7 Jaypee Infratech Ltd
    • 7.2.8 PNC Infratech Limited
    • 7.2.9 Merlin Group
    • 7.2.10 Sunteck Realty
    • 7.2.11 Brigade Enterprises Ltd
    • 7.2.12 Experion Developers Private Limited*
  • *List Not Exhaustive
  • 7.3 Other Companies

8. MAJOR ONGOING AND UPCOMING INFRASTRUCTURE PROJECTS

9. FUTURE OF THE INDIA REAL ESTATE MARKET

10. APPENDIX

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India Real Estate Industry Segmentation

The real estate sector includes various phases of property dealings, including developing, selling, buying, leasing, and management processes in the commercial sector, residential sector, etc.

The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the competitive landscape of the industry. 

The real estate industry in India is segmented by property type (residential, office, retail, hospitality, and industrial) and cities (Mumbai, Delhi, Pune, Chennai, Hyderabad, and Bangalore). The report offers market size and forecasts for all the above segments in value (USD).

By Property Type Residential
Office
Retail
Hospitality
Industrial
By Key Cities Mumbai Metropolitan Region (MMR)
Delhi NCR
Pune
Chennai
Hyderabad
Bengaluru
Rest of India
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Real Estate Industry In India Market Research Faqs

How big is the Real Estate Industry In India Market?

The Real Estate Industry In India Market size is expected to reach USD 332.85 billion in 2025 and grow at a CAGR of 24.25% to reach USD 985.80 billion by 2030.

What is the current Real Estate Industry In India Market size?

In 2025, the Real Estate Industry In India Market size is expected to reach USD 332.85 billion.

Who are the key players in Real Estate Industry In India Market?

Godrej Properties, Prestige Estates Projects Ltd., OBEROI REALTY LIMITED., DLF and SOBHA limited are the major companies operating in the Real Estate Industry In India Market.

What years does this Real Estate Industry In India Market cover, and what was the market size in 2024?

In 2024, the Real Estate Industry In India Market size was estimated at USD 252.13 billion. The report covers the Real Estate Industry In India Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Real Estate Industry In India Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Real Estate Industry In India Industry Report

The Indian real estate market is projected to experience robust growth driven by factors like rapid urbanization, increasing disposable incomes, and rising demand for residential and commercial properties. The real estate industry in India is Segmented by property type, including residential, commercial, industrial, and land, the market is further divided into sales and rental operations, operating through both online and offline modes to cater to diverse consumer preferences and enhance accessibility. Regional segmentation illustrates varied growth dynamics across different areas, emphasizing localized market conditions and opportunities. Key government initiatives, such as investments in smart city projects and tax exemptions, alongside environmental and regulatory concerns, shape sustainable practices within the sector. The burgeoning population fuels the demand for infrastructure, significantly impacting the real estate market size in India and driving the trend towards smart, sustainable projects. The competitive landscape remains dynamic, with continuous innovation aimed at meeting evolving market needs. For detailed statistics on the Real Estate in India market share, size, and revenue growth rate, along with a market forecast outlook and historical overview, refer to Mordor Intelligence™ Industry Reports, where you can download a free report PDF sample.

Real Estate Industry In India Report Snapshots