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India’s Real Estate Sector Targets $1 Trillion By 2030
India’s real estate industry is expected to become worth $1 trillion by 2030.
A report says the industry will need a very large amount of money to grow.
Sales of homes increased strongly in several major cities.
Luxury homes also became more expensive during FY25.
However, the industry may see a small drop in revenue in FY26.
Revenue is expected to improve again in FY27.
Developers are expected to have better profits as they sell existing homes and build more premium projects, data centres and warehouses.
Many large developers have limited debt and are using partnerships to fund projects.
Mumbai and Pune have many unsold homes, which could make it harder for developers to start new projects.
India’s real estate sector is projected to become a $1 trillion market by 2030.
Brickwork Ratings estimates the sector will need nearly Rs 50,000 billion in capital over the next decade.
Revenue growth is forecast to fall to -0.2 per cent in FY26 before recovering to 5.5 per cent in FY27.
Residential sales rose 31 per cent year over year across leading cities, while luxury housing prices increased 10 per cent-12 per cent in FY25.
Unsold housing inventory in Mumbai and Pune exceeds 30 months of sales, potentially pressuring cash flows and delaying new launches.
- Who
- India’s real estate sector and developers, as assessed by Brickwork Ratings.
- What
- The sector is projected to reach a $1 trillion market by 2030 and require nearly Rs 50,000 billion in capital over the next decade.
- Where
- India, with specific inventory concerns reported in Mumbai and Pune.
- When
- The forecast covers the next decade, with revenue projections for FY26 and FY27 and market growth targeted by 2030.
- Why
- Growth is being supported by residential demand, luxury housing, premium projects, data centres and warehousing, while capital is needed to fund the sector’s expansion.
Key facts
- Projected market size
- $1 trillion by 2030
- Estimated capital requirement
- Nearly Rs 50,000 billion over the next decade
- Revenue growth
- 15.8 per cent in FY25, forecast at -0.2 per cent in FY26 and 5.5 per cent in FY27
- Residential sales
- Up 31 per cent year over year across leading cities
- Luxury housing prices
- Up 10 per cent-12 per cent in FY25
- Operating margins
- Expected to rise from 30.1 per cent in FY25 to 32 per cent in FY26 and 33.3 per cent in FY27
- Inventory concern
- Mumbai and Pune have housing stock equivalent to more than 30 months of sales









