NEW DELHI: Employment in India’s real estate sector could soar to nearly 100 million by 2030, up from an estimated 70 million currently, according to a joint report from KPMG and NAREDCO.
The report highlights that the existing job base encompasses construction, sales, design, and allied industries. It adds that every new real estate project generates demand across a broad supply chain, including cement, steel, bricks, paint, glass, fittings, logistics, and a variety of services.
The study assesses India’s real estate market to be approximately ₹26.4 trillion now, with projections estimating growth to around ₹88 trillion by 2030. It also anticipates that the sector’s contribution to GDP will increase to 12-15% by 2047, up from about 7-8% in 2025. This growth is expected to be driven by urbanization, regulatory reforms, digital advancements, sustainable building practices, and supportive policies.
Neeraj Bansal, partner and head – India Global, KPMG in India, noted that urbanization is predicted to rise by about 50%, reaching 900 million by 2047. This trend is expected to boost demand for smarter infrastructure and facilitate GDP growth.
