The report also projected that the size of Indian real estate market could reach $5-10 trillion by 2047

Indian real estate sector has attracted nearly USD 80 billion institutional investments in the last 15 years, with strong contribution from foreign investors at 57 per cent, according to CREDAI and Colliers.

Realtors' apex body CREDAI and real estate consultant Colliers India on Thursday released a joint report 'Indian real estate: Fostering equity and fuelling economic growth'.

The Confederation of Real Estate Developers' Associations of India (CREDAI), which has more than 13,000 members, is organising its annual event 'CREDAI NATCON' here.

"The real estate sector in India has witnessed notable growth in institutional investments over the years. In the last 15 years, investment inflows have touched nearly USD 80 billion with strong capital from foreign players (57 per cent share)," the report said.

CREDAI and Colliers noted that the share of domestic capital has also grown after the Covid pandemic.

The institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs, listed REITs and sovereign wealth funds.