Infrastructure, digitisation and spiritual tourism to drive realty in smaller towns: Colliers report

The real estate sector in India is experiencing a transformation, with smaller towns becoming vital to the economy due to enhanced infrastructure, affordable property, skilled labor, and government support. Forecasts suggest the sector could reach $1 trillion by 2030 and potentially $5 trillion by 2050, contributing 14-16% to GDP. Colliers report projects urban growth with nearly 100 cities having over a million inhabitants by 2050, driven by factors like infrastructure, digitisation, and changing office trends.