New Delhi, Nov 6 (PTI) Housing prices are likely to appreciate 5-10 per cent annually over the next few years on better demand, according to a joint report by CII and Colliers.

Industry body CII and property consultant Colliers India released a report on Thursday titled 'Real Estate @2047: Building India's Future Growth Corridors' in a conference held here. The report was released by Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways.

The report projected that annual sales could jump from 3-4 lakh units currently to 10 lakh units by 2047.

"Annual sales can potentially double and reach 1 million housing units by 2047, driven by rising income levels, demographic shifts and progressive housing policies.

"Furthermore, driven by rising incomes, urban migration, and prem

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