India real estate to hit $5.8 trillion by 2047 on digital push: KPMG-FICCI
Synopsis
India's real estate sector is not just growing — it is being rewired. A KPMG-FICCI report projects a near-nine-fold leap from $650 billion to $5.8 trillion by 2047, but warns the scale is only achievable if technology moves from the margins to the core of every project lifecycle.
Key Takeaways
India's real estate market is projected to grow from $650 billion in 2025 to $5.8 trillion by 2047 , per a joint KPMG-FICCI report.
Asset monetisation via InvITs and REITs reached $15.8 billion in 2025; institutional investments stood at $4.3 billion .
The Digital India Land Records Modernisation Programme has digitised over 97.3% of land records and registrations.
Key technologies recommended include GIS, BIM, digital twins, IoT, AI and blockchain across planning, execution and asset operations.
BIM-led workflows can reduce planning errors, rework and execution delays through coordinated design and clash detection.
India's real estate market is projected to surge from $650 billion in 2025 to $5.8 trillion by 2047, driven by end-to-end digital transformation, according to a joint report released on Thursday, 7 May 2025 by KPMG in India and the Federation of Indian Chambers of Commerce and Industry (FICCI). The report argues that technology must shift from a peripheral enabler to a foundational driver across a project's entire lifecycle — from land identification to asset management.
Sector at an Inflection Point
The KPMG-FICCI report describes India's real estate sector as entering a phase of structural maturity, where execution certainty, data transparency and capital efficiency are increasingly shaped by digital tools. Institutional capital, heightened regulatory oversight and rising buyer awareness are collectively raising the bar for governance and delivery discipline, the report notes.
Asset monetisation through Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) amounted to $15.8 billion in 2025, while institutional investments stood at $4.3 billion in the same year, underlining the growing expectations around data integrity and governance.
What the Government Is Doing
Government-led reforms are playing a key role in reshaping the sector's digital foundation. The Digital India Land Records Modernisation Programme has achieved over 97.3 per cent digitisation of land records and registrations, which the report says is lowering structural risk and strengthening investor confidence.
Neeraj Bansal, Partner and Head – India Global, KPMG in India, said:
