Highly Matured Real Estate Sector Needed for Developed India by 2047: Housing Minister
Real Estate

Highly Matured Real Estate Sector Needed for Developed India by 2047: Housing Minister

The Housing Minister has underscored the critical importance of nurturing a highly matured and developed real estate sector to realise India's aspiration of attaining developed nation status by 2047. This vision necessitates concerted efforts towards enhancing transparency, efficiency, and sustainability across the real estate landscape.

The minister's remarks highlight the pivotal role of the real estate sector as a cornerstone of economic growth and urban development. A robust and well-regulated real estate market is essential for creating livable cities, fostering economic prosperity, and ensuring social inclusion for all segments of society.

As India charts its course towards becoming a developed nation, stakeholders in the real estate industry will play a crucial role in driving innovation, investment, and policy reform. The minister's call for a highly matured real estate sector underscores the need for comprehensive reforms and collaborative initiatives to address challenges and unlock the sector's full potential.

The Housing Minister's emphasis on the importance of a highly matured real estate sector underscores the government's commitment to fostering sustainable urbanisation and economic progress. By prioritising the development of the real estate sector, India aims to create vibrant and inclusive cities that serve as engines of growth and prosperity in the years to come.

The Housing Minister has underscored the critical importance of nurturing a highly matured and developed real estate sector to realise India's aspiration of attaining developed nation status by 2047. This vision necessitates concerted efforts towards enhancing transparency, efficiency, and sustainability across the real estate landscape. The minister's remarks highlight the pivotal role of the real estate sector as a cornerstone of economic growth and urban development. A robust and well-regulated real estate market is essential for creating livable cities, fostering economic prosperity, and ensuring social inclusion for all segments of society. As India charts its course towards becoming a developed nation, stakeholders in the real estate industry will play a crucial role in driving innovation, investment, and policy reform. The minister's call for a highly matured real estate sector underscores the need for comprehensive reforms and collaborative initiatives to address challenges and unlock the sector's full potential. The Housing Minister's emphasis on the importance of a highly matured real estate sector underscores the government's commitment to fostering sustainable urbanisation and economic progress. By prioritising the development of the real estate sector, India aims to create vibrant and inclusive cities that serve as engines of growth and prosperity in the years to come.

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?