India’s real estate sector is undergoing a rapid technological shift, with artificial intelligence adoption among corporate real estate players jumping from under 5 per cent in 2023 to 91 per cent in 2025, a transformation that mirrors a global surge in AI-driven restructuring of the property industry.The figures, from last month’s FICCI-KPMG report, projects the Indian real estate market will grow from $650 billion in 2025 to $5.8 trillion by 2047. The sector already contributes 7.3 per cent to national GDP and remains one of the largest drivers of employment, capital formation and urban development in the country.The report estimates that India will add nearly $906 billion worth of new housing stock by 2034, while an additional 41 million sq ft of retail space is expected to come online by 2028. Industry experts attribute this growth to a supportive policy environment, expanding digital infrastructure and rising institutional investment, factors that are also accelerating the sector’s adoption of emerging technologies such as artificial intelligence.According to McKinsey & Company, AI could unlock up to $550 billion in value across the real estate value chain, but realising that potential will depend less on deploying technology and more on rethinking workflows, exercising human judgment and building new operating models.Meanwhile, real estate services firm JLL noted that while the share of companies running corporate real estate AI pilots has surged from 5 per cent to 92 per cent in three years, most organisations remain in early experimentation. Many still lack a systematic approach to implementation, widening the gap between technology leaders and those still catching up.At the FICCI summit, the Chairman of FICCI’s Committee on Urban Development and Real Estate, Raj Menda had said: “Technology is no longer a point of differentiation; it is a condition for access to capital and trust. The platforms that build accordingly will define India’s real estate leadership.”Anand Kumar, Chairman of the Real Estate Regulatory Authority (RERA), NCT of Delhi, urged stakeholders to prioritise transparency and collective accountability. “I urge all stakeholders to be honest, to move beyond individual interests, and to make this sector more efficient and transparent,” he said, stressing the need for greater awareness of the RERA Act among buyers and sellers alike.
