Reforming Real Estate: A New Era
Real Estate

Reforming Real Estate: A New Era

The real estate sector in India stands at a pivotal juncture, urging the newly formed government to implement crucial policy reforms. The National Real Estate Development Council (NAREDCO) has highlighted several key areas requiring immediate attention to rejuvenate the industry and ensure its sustainable growth.

Firstly, the real estate sector is calling for streamlined approval processes. The existing system, laden with bureaucratic red tape, significantly delays project completions and inflates costs. By simplifying these procedures, the government can facilitate faster project deliveries, reducing costs and boosting investor confidence.

Another critical area is the enhancement of infrastructure. Adequate infrastructure development is vital for the growth of real estate, as it not only improves the quality of life for residents but also makes regions more attractive to investors. NAREDCO urges the government to invest in robust infrastructure projects, such as roads, public transportation, and utilities, to support urban expansion and real estate development.

Financial reforms also stand as a cornerstone for real estate revival. The sector requires better access to funding and more attractive financing options for both developers and homebuyers. NAREDCO advocates for policies that would ease lending norms and provide tax incentives, making homeownership more attainable and development projects more viable.

Additionally, addressing the issue of affordable housing is paramount. The government should introduce measures to promote the construction of affordable homes, ensuring housing for all. This includes offering incentives to developers to build affordable housing projects and implementing policies that make land acquisition for such projects easier and more cost-effective.

Finally, there is a call for greater transparency and accountability within the sector. Implementing stricter regulations and ensuring compliance will protect homebuyers and investors, fostering a more trustworthy market environment.

In conclusion, the implementation of these proposed reforms by the new government could significantly transform the real estate sector, driving growth, enhancing sustainability, and ultimately benefiting the entire economy. By addressing these critical areas, the government can lay the foundation for a vibrant and resilient real estate market in India.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The real estate sector in India stands at a pivotal juncture, urging the newly formed government to implement crucial policy reforms. The National Real Estate Development Council (NAREDCO) has highlighted several key areas requiring immediate attention to rejuvenate the industry and ensure its sustainable growth. Firstly, the real estate sector is calling for streamlined approval processes. The existing system, laden with bureaucratic red tape, significantly delays project completions and inflates costs. By simplifying these procedures, the government can facilitate faster project deliveries, reducing costs and boosting investor confidence. Another critical area is the enhancement of infrastructure. Adequate infrastructure development is vital for the growth of real estate, as it not only improves the quality of life for residents but also makes regions more attractive to investors. NAREDCO urges the government to invest in robust infrastructure projects, such as roads, public transportation, and utilities, to support urban expansion and real estate development. Financial reforms also stand as a cornerstone for real estate revival. The sector requires better access to funding and more attractive financing options for both developers and homebuyers. NAREDCO advocates for policies that would ease lending norms and provide tax incentives, making homeownership more attainable and development projects more viable. Additionally, addressing the issue of affordable housing is paramount. The government should introduce measures to promote the construction of affordable homes, ensuring housing for all. This includes offering incentives to developers to build affordable housing projects and implementing policies that make land acquisition for such projects easier and more cost-effective. Finally, there is a call for greater transparency and accountability within the sector. Implementing stricter regulations and ensuring compliance will protect homebuyers and investors, fostering a more trustworthy market environment. In conclusion, the implementation of these proposed reforms by the new government could significantly transform the real estate sector, driving growth, enhancing sustainability, and ultimately benefiting the entire economy. By addressing these critical areas, the government can lay the foundation for a vibrant and resilient real estate market in India.

Next Story
Infrastructure Urban

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Next Story
Infrastructure Energy

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Next Story
Infrastructure Urban

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?