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

19 Mar 2024 CW Team

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.

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