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The southern states of India, including Karnataka, Tamil Nadu, Telangana, and Kerala, are expected to drive high growth in technology and scaling of global capability centres (GCCs), as well as advanced manufacturing in sectors such as electric vehicles, electronics, and aerospace, according to a report by CBRE South Asia and CII.

The report, titled ‘Shaping The Future: The Real Estate Vision 2030 For Karnataka And Beyond,’ highlights the dynamic economic landscape of the region, driven by robust growth in industries such as IT/ITeS, tourism, and critical manufacturing sectors.

Bengaluru, Chennai, and Hyderabad are identified as the leading cities driving Southern India’s real estate momentum, each offering unique sectoral strengths and long-term growth potential. These cities are supported by world-class infrastructure, strong occupier demand, and expanding institutional investment.

The report also notes that the southern states are poised to play a key role in India’s ambition to become a US$30-trillion economy by 2047, with each state setting its own target for growth. Karnataka aims to become a US$1-trillion economy by 2032, while Tamil Nadu, Telangana, and Kerala have set targets for 2030, 2036, and 2047 respectively.

To achieve these targets, the report recommends various measures, including investing in infrastructure, enhancing research and development, and promoting smart manufacturing and industrial development.

Ram Chandnani, Managing Director – Leasing, CBRE India, said: “Southern India is not only mirroring the region’s economic strength, it is architecting the future of India’s real estate landscape. The convergence of high-quality infrastructure, proactive governance, and a deep talent pool has turned cities like Bengaluru, Hyderabad, and Chennai into global investment attractions.” 

As India sets its sights on becoming a US$30-trillion economy by 2047, the Southern states will be an indispensable driving force behind this ambition. There is ample growth opportunity among these states across sectors, and it can be tapped into through targeted measures.