Building Viksit Bharat: Real Estate as a Catalyst for Growth is a knowledge report by ASSOCHAM and Knight Frank India that positions real estate as a core enabler of India's economic transformation toward Viksit Bharat @2047. It traces the sector's shift from a volume-driven, construction-led industry into a formalised, capital-integrated growth engine, noting that real estate contributes roughly 7% of India's annual GVA and construction accounts for 12% of total employment. The report examines the residential market's move from volume to value, rising institutional investment, and the boom in office demand driven by Global Capability Centres (GCCs), whose share of office transactions rose from 35% to 38% between 2023 and 2025. It also explores how infrastructure expansion is reshaping urban geography and opening new growth corridors, alongside next-generation asset classes such as data centres, warehousing, retail formats and flexible workspaces gaining ground in Tier 1 and Tier 2 cities. The report closes with policy recommendations on affordable housing, institutional capital, land-infrastructure integration, digitalisation, and sustainability, framing real estate as an enabler, and not just an outcome of India's long-term growth ambitions.

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