1、KPMG.Make the Difference.The role of real estate in ViksitBharat 2026The role of real estate in ViksitBharat 20472 2026 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPM
2、G International Limited,a private English company limited by guarantee.All rights reserved.2026 KPMG Assurance and Consulting Services LLP,an Indian Limited Liability Partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited,
3、a private English company limited by guarantee.All rights reserved.Indias ambition to become a fully developed economy by 2047 is moving from promise to proof.The real test would be lived outcomes,safer and more affordable homes,productive workplaces,reliable urban services and governance that is fa
4、ster,simpler and more transparent.Real estate is central to this transition because it converts economic intent into physical capacity at scale,enabling labour mobility,enterprise expansion and higher productivity across cities and growth corridors.This knowledge paper,the role of real estate in Vik
5、sitBharat 2047,brings together the sectors consequential themes into a coherent execution narrative.It looks beyond topline projections to the enabling conditions that determine delivery,stronger institutions,infrastructure throughput,technology adoption,sustainability and inclusion.The sectors grow
6、th trajectory is significant,with the market estimated at about INR26.4 trillion in 2025,projected to scale to about INR88 trillion by 2030 and expected to expand to INR440.5-616.7 trillion by 2047 as Indias urban footprint and economic base deepen.With real estates share of gross domestic product(G