Real estate expert quotes on India’s achievement of becoming the fourth-largest economy globally.

Mr. Pradeep Aggarwal, Chairman – Assocham, National Council on Real estate, Housing & Urban development & Chairman, Signature Global Group

India has achieved another significant milestone by becoming the fourth-largest economy in the world. This is not only a moment of pride but also a time for reflection, as we progress towards realising the Hon’ble Prime Minister’s vision of making India a ‘Viksit Bharat’ by 2047. We are currently at a critical juncture, where various industries are poised to play a pivotal role in driving India towards becoming a $5 trillion economy in the coming years.

The Indian real estate sector, in particular, is set to play a significant role in propelling the nation forward on the global economic stage. Currently accounting for approximately 6% of the country’s GDP, the sector is projected to contribute nearly 18% to India’s economy by 2047.

Moving forward, India, being the fastest-growing economy, is well positioned to attract global investors, witness rapid infrastructure development, and create sustainable, future-ready cities. As the real estate sector continues to evolve, it will not only generate large-scale employment but also play a critical role in driving the country’s infrastructural growth and serve as a key enabler of India’s long-term economic transformation.

Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation

India becoming the fourth-largest economy is a proud moment for all of us. It reflects the strength of our economy and the growing influence India holds on the global stage. Real estate, being a key part of the nation’s infrastructural growth, will play an important role in keeping the pace of this growth on an upward trajectory. As we move towards the $5 trillion economy goal, the sector will continue to drive development, urbanisation, and job creation.

This milestone is expected to significantly boost investor confidence globally, and India is bound to benefit in the long run. The real estate sector, with rising demand across residential and commercial spaces, is set to attract increased investments, create more jobs, and support the country’s vision for sustainable and inclusive growth.