CREDAI Outlines Real Estate’s Role in Driving India’s $30 Trillion Economy by 2047

(From Left) CREDAI President Shekhar Patel, High Commissioner of India to Singapore Shilpak Ambule, and CREDAI Chairman Boman Irani

Singapore, September 19, 2025: The Confederation of Real Estate Developers’ Associations of India (CREDAI) has outlined a transformative roadmap for the industry at the 23rd NATCON in Singapore, emphasizing the sector’s pivotal role in shaping India’s journey towards becoming a developed economy by 2047. Anchored on the theme ‘Real Estate Rising, Bharat Soaring: $30 Trillion to Vision’, the convention brought together developers, investors, policymakers, financial experts, and global innovators. CREDAI. Technology adoption, financial innovation, sustainability, and global collaboration were highlighted as the key drivers of this transformation.

The inaugural day of NATCON 2025 witnessed defining milestones for the real estate industry with the release of a flagship industry report and the signing of two strategic MoUs. The first, with BCA International (Singapore), aims to foster knowledge exchange on green building practices, modern construction methods, workmanship quality, and innovative technologies through specialised training and site visits in both India and Singapore.

The CREDAI and Colliers Report – ‘Indian Real Estate: Fostering Equity and Fueling Economic Growth’ – presents a comprehensive view of how the sector is set to transform over the next two decades. It projects Indian real estate to become a $10 trillion industry by 2047, contributing nearly one-fifth of the country’s GDP. The report underlines four critical drivers of this growth: rapid urbanisation, large-scale infrastructure development, affordable housing demand, and digital transformation.

It also highlights how equitable growth in real estate can bridge gaps across regions, bringing Tier II and III cities into the mainstream of development. The report emphasises that policy support, transparent governance, and green urban planning will be essential for unlocking the sector’s full potential, while also positioning it as a major contributor to job creation and wealth generation.

Alongside these announcements, NATCON 2025 featured wide-ranging sessions on the impact of AI on real estate profitability, the next wave of financial innovation through REITs, sustainable development benchmarks, and leadership lessons from business, sports, cinema, and academia. Some of the distinguished speakers included Nilesh Shah (Kotak AMC), Dr. Shashi Tharoor, R. Madhavan, Ashutosh Rana, Rahul Dravid, and global experts from MIT, NUS, and the University of St. Gallen.

CREDAI President Shekhar Patel said: “CREDAI NATCON 2025 is not just a convention, but a collective commitment to redefining the future of Indian real estate. The conversations, collaborations, and insights we have brought together in Singapore reflect our vision of an industry that goes beyond building spaces — one that drives innovation, creates livelihoods, and fosters sustainable communities. Our strategic partnerships on green construction and skill development are stepping stones towards an ecosystem that is globally competitive and socially inclusive. As we look ahead to 2047, Indian real estate has the potential to contribute significantly to the nation’s economic transformation, while also ensuring equitable growth across regions, cities, and communities.”

“At CREDAI NATCON 2025, we are witnessing the true strength of collective vision and collaboration. The Indian real estate sector is entering a phase where technology adoption, financial innovation, and sustainability will define our growth story. What stands out is the spirit of inclusivity — from empowering our youth through skill development to bringing Tier II and III cities into the mainstream of progress. The roadmap we are shaping here is not only about economic milestones, but also about creating resilient communities and setting global benchmarks. Together, we are laying the foundation of a sector that will play a pivotal role in realizing the aspirations of a Viksit Bharat by 2047,” said CREDAI Chairman Boman Irani.

H.E. Dr. Shilpak Ambule, High Commissioner of India to Singapore, addressing the gathering at NATCON, said, “India and Singapore are shaping a bold vision for the cities of tomorrow, grounded in sustainability, inclusivity, and innovation. Over the past year, our partnership has grown across skilling, advanced manufacturing, connectivity, and smart urban planning. I urge Indian real estate developers to go beyond constructing buildings and create spaces that inspire, become cultural landmarks, and attract tourism. By combining Singapore’s expertise in smart cities and affordable housing with India’s scale and energy, developers have a unique opportunity to build integrated townships, industrial hubs, and logistics networks that are future-ready, innovative, and empower communities—paving the way for India’s journey toward a developed nation by 2047.”

Beyond economic milestones, the 23rd CREDAI NATCON 2025 highlighted the industry’s role in shaping communities, nurturing talent, and creating a lasting legacy for future generations. It marked another step in CREDAI’s journey of transforming real estate into a driver of sustainable national growth.