CREDAI bats for Land Reforms and Faster Sanction process to build future-ready Cities in India

“The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations,” Credai National President Shekhar Patel said.

The report is both a vision document and a call to action, inviting all stakeholders to come together to transform India’s real estate sector and make it globally competitive, he added.

Patel said the real estate sector would play an important role in making India a developed nation by 2047.

To transform this sector, Credai has suggested a framework comprising nine pillars. Seeking land reforms, the body said there is a need to ensure conclusive land titling through the Land Titling Act.

It also stressed the need to create a unified national digital and land register to enhance transparency and accessibility.

To promote affordable housing, Credai said there is a need to create land banks. The association also emphasised the development of 100 ‘cities of tomorrow’.

“Ease of doing construction constitutes the third pillar, seeking to transform building plan approvals via digitisation, transparency, and time-bound processing,” Credai said.

The realtors’ apex body also suggested that the Center and States should rationalise development and approval charges. It should set up dedicated funds for infrastructure, financing, including-Government-backed infrastructure and housing bonds.

The Credai report also mentioned that there should be focus on slum development and promotion of the construction of green buildings.

There is need for the adoption of new technologies in all spheres of the real estate sector, right from construction to customer relationship management, it added.

Skill development and labour welfare form eight pillar, the report said, and advocated state-led demand assessments and trade-specific training infrastructure.

The association also sought reforms in labour cess utilisation to directly benefit workers.

“The final pillar, ease of living, promotes celebrating cultural uniqueness and heritage in all major centers, advancing citizen-driven governance models, and incorporating climate resilience into urban infrastructure,” the report said.

Credai sought the establishment of high-level committees at the Prime Minister’s level, state-level war rooms, and a phased implementation plan.

“Together, these pillars chart a path toward a transparent, sustainable, inclusive, and technologically advanced real estate and urban development ecosystem fit for India’s ambitious future,” the association said.

(Only the headline and picture of this report may have been reworked by Star Estate staff; the rest of the content is auto-generated from a syndicated feed.)