Maharashtra to Revise Infrastructure Policies
Real Estate

Maharashtra to Revise Infrastructure Policies

The Government of Maharashtra will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements. This assurance was given by Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, while addressing the two-day NAREDCO 17th National Convention, “India Builds: Reimagining Growth through Real Estate and Infrastructure”. At the convention, Dr Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint for infrastructure policies in the present context.
The Minister assured that recommendations submitted to the state government at the conclusion of the convention—relating to new town planning, sewage and water management, water recycling, and incentives for the industry—would be duly considered in accordance with the current needs of the sector. However, Mrs Bordikar remained non-committal on the issue of rationalising stamp duty in Maharashtra. She added that while no immediate promises could be made on that front, the government is committed to doing its best for progressive infrastructure development, which it is already actively pursuing.
The State of Maharashtra is also prioritising sustainable development to address water scarcity. Plans include revamping water resources and ponds for improved yield. With support from the central government, Maharashtra is also focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities.
Mrs. Smita Patil, President of MAHI, NAREDCO, urged the state government to extend comprehensive policy support to the real estate industry so that existing gaps are addressed and collaboration between the government and stakeholders can drive inclusive growth in infrastructure and housing.
Dr Hiranandani, in his remarks, emphasised that the housing and real estate sector must grow at a rate of at least 15 per cent annually for India to achieve developed-nation status well before the targeted year of 2047.
Mr. Prashant Sharma, President of NAREDCO Maharashtra, said, “We welcome the government’s commitment to progressive, infrastructure-led policies. What the sector needs is consistency, transparency, and ease of doing business to boost investor confidence. With a focus on town planning, water management, and sustainable growth, Maharashtra can cement its position as India’s leading real estate destination, and NAREDCO Maharashtra is ready to partner in this journey.”

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Government of Maharashtra will make every possible effort to frame infrastructure-related policies, including those that promote housing in the state, in line with changing requirements. This assurance was given by Mrs. Meghana Sakore Bordikar, Minister of State, Government of Maharashtra, while addressing the two-day NAREDCO 17th National Convention, “India Builds: Reimagining Growth through Real Estate and Infrastructure”. At the convention, Dr Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint for infrastructure policies in the present context.The Minister assured that recommendations submitted to the state government at the conclusion of the convention—relating to new town planning, sewage and water management, water recycling, and incentives for the industry—would be duly considered in accordance with the current needs of the sector. However, Mrs Bordikar remained non-committal on the issue of rationalising stamp duty in Maharashtra. She added that while no immediate promises could be made on that front, the government is committed to doing its best for progressive infrastructure development, which it is already actively pursuing.The State of Maharashtra is also prioritising sustainable development to address water scarcity. Plans include revamping water resources and ponds for improved yield. With support from the central government, Maharashtra is also focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities.Mrs. Smita Patil, President of MAHI, NAREDCO, urged the state government to extend comprehensive policy support to the real estate industry so that existing gaps are addressed and collaboration between the government and stakeholders can drive inclusive growth in infrastructure and housing.Dr Hiranandani, in his remarks, emphasised that the housing and real estate sector must grow at a rate of at least 15 per cent annually for India to achieve developed-nation status well before the targeted year of 2047.Mr. Prashant Sharma, President of NAREDCO Maharashtra, said, “We welcome the government’s commitment to progressive, infrastructure-led policies. What the sector needs is consistency, transparency, and ease of doing business to boost investor confidence. With a focus on town planning, water management, and sustainable growth, Maharashtra can cement its position as India’s leading real estate destination, and NAREDCO Maharashtra is ready to partner in this journey.”

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement