Real Estate Industry in India to Cross $992 Bn by 2032 with Rental Segment Growing at 10.99% CAGR, Reports Mordor Intelligence

India real estate market is growing at a 9.12% CAGR from 2027 to 2032, with the Mumbai Metropolitan Region accounting for the largest share at 28.4% in 2026.

Hyderabad, India, Nov. 10, 2026 (GLOBE NEWSWIRE) -- According to Mordor Intelligence, India real estate market size is projected to grow from USD 585.1 billion in 2026 to USD 641.4 billion in 2027 and USD 992.4 billion by 2032, at a 9.12% CAGR. Rising urban populations, higher incomes, and corporate expansion are supporting demand for housing and commercial space, while mortgage subsidies and stronger disclosure rules can improve buyer confidence. However, higher construction costs linked to the US-Iran war that began in February 2026 are adding cost pressure, making subsidy-linked housing and projects backed by committed corporate tenants more attractive. 

India Real Estate Market Growth Drivers 

Regulatory Reforms Strengthen Transparency and Investor Confidence 

RERA-led reforms are making India’s real estate sector more transparent by strengthening disclosure, project registration, and compliance requirements. Better access to project information allows homebuyers and investors to evaluate construction progress, timelines, and developer commitments before making decisions. Stronger enforcement also encourages developers to maintain regular reporting and improve accountability, supporting greater confidence in the market. 

Urbanization and Rising Incomes Support Housing Demand 

Rapid urbanization and improving incomes are strengthening housing demand across India’s major cities and emerging growth corridors. Expanding urban populations are creating a larger pool of potential homebuyers, while higher household incomes are improving purchasing capacity. Developers are increasingly focusing on well-connected suburban and peripheral areas where infrastructure expansion and employment growth can support sustained residential demand. This is encouraging more targeted project planning based on local population growth, connectivity, and affordability. 

Home Loan Access Supports Affordable and Mid-Income Housing 

Easier access to home loans and targeted interest-rate support is improving homeownership opportunities for affordable and mid-income households. Government-backed housing schemes can reduce the financing burden for eligible buyers and make monthly repayments more manageable. This also creates a clearer demand base for developers, particularly when projects are designed around the income, property-value, and loan eligibility requirements of targeted homebuyers. 

Key Segments Covered in the India Real Estate Market Report 

By Property Type 

• Residential 

• Apartments and Condominiums 

• Villas and Landed Houses 

• Commercial 

• Office 

• Retail 

• Logistics 

• Others 

By End-user 

• Individuals/Households 

• Corporates & SMEs 

• Others  

By Business Model 

• Sales 

• Rental  

By Cities 

• Mumbai Metropolitan Region 

• Delhi NCR 

• Pune 

• Bengaluru 

• Hyderabad 

• Chennai 

• Kolkata 

• Ahmedabad 

• Rest of India 

Jayveer V, Senior Research Manager, Mordor Intelligence says, “Mordor Intelligence combines reported market data with a consistent research framework to provide a clear view of India’s real estate market. Its structured analysis helps decision-makers assess market trends, segment performance, and growth opportunities with greater confidence.” 

India Real Estate Market Analysis by Region 

Hyderabad is projected to be the fastest-growing geography from 2027 to 2032, supported by expanding office demand and continued corporate activity. Demand from banking, financial services, insurance, and IT-BPM companies is supporting commercial real estate absorption, with Gachibowli remaining an important office hub. These trends are creating opportunities for developers and property owners as companies expand their workplace requirements across the city. 

Mumbai Metropolitan Region remains the largest geography in India’s real estate market, supported by strong residential activity and sustained buyer demand. The region continues to see substantial housing sales and new project launches, while demand is also shifting toward higher-priced properties. At the same time, more affordable homes continue to represent a significant portion of transactions, making the balance between pricing, product mix, and new supply important for developers. 

Delhi NCR’s residential development is increasingly concentrated along key growth corridors, including New Gurgaon, Golf Course Extension, and Dwarka Expressway. Mumbai, meanwhile, continues to show activity across both residential and commercial segments, with office leasing supported by established corporate occupiers and residential demand spanning premium and luxury housing. Ongoing development partnerships are also expanding the supply pipeline, making the ability to convert new projects into sustained buyer and tenant demand an important factor for market performance. 

Access this Report in Japanese https://www.mordorintelligence.com/ja/industry-reports/real-estate-industry-in-india?utm_source=globenewswire 

Overview – India Real Estate Industry 

Key Companies Covered in the India Real Estate Market 

• DLF Ltd 

• Godrej Properties Ltd 

• Lodha Developers (Lodha) 

• Prestige Estates Projects 

• Oberoi Realty 

• Sobha Ltd 

• Brigade Enterprises 

• Puravankara Ltd 

• Mahindra Lifespace Developers 

• Tata Realty & Infrastructure / Tata Housing 

• L&T Realty 

• Kolte-Patil Developers 

• Sunteck Realty 

• Hiranandani Group 

• Signature Global (India) 

• Shriram Properties 

• Phoenix Mills (retail) 

• Embassy Office Parks REIT 
• Mindspace Business Parks REIT 
• Brookfield India Real Estate Trust 

• Nexus Select Trust (Retail REIT) 

• K Raheja Corp 

• RMZ Corp 

Get in-depth industry insights on the India real estate industry research report: https://www.mordorintelligence.com/industry-reports/real-estate-industry-in-india?utm_source=globenewswire 

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About Mordor Intelligence 

Mordor Intelligence is a global market intelligence firm, founded in 2014, helping businesses make informed decisions through data-driven insights, industry expertise, and advanced analytics. With 550+ domain experts and on-ground specialists across 180+ countries, the company delivers comprehensive intelligence across aerospace & defense, agriculture, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, and logistics. 

Its offerings include syndicated industry reports, custom research and advisory, and subscription platforms such as Synapse, Data Center Intelligence, and Robotics Intelligence. Mordor Intelligence is ISO 9001:2015 and ISO/IEC 27001:2022 certified, a member of ESOMAR and the Market Research Society of India, and a four-time Great Place to Work® honoree. Learn more at mordorintelligence.com. 

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