Credai Calls for Land Reforms to Drive Real Estate Growth by 2047
ECONOMY & POLICY

Credai Calls for Land Reforms to Drive Real Estate Growth by 2047

The Confederation of Real Estate Developers’ Associations of India (Credai) has called for comprehensive land reforms, including conclusive land titling through a Land Titling Act and the creation of a unified national digital land register to enhance transparency and accessibility.
It also urged the development of land banks to promote affordable housing and emphasised the planned creation of 100 ‘cities of tomorrow.’
Unveiling its report, The National Real Estate Development Framework – Vision 2047, at its annual conference in Singapore, Credai highlighted the need for land reforms, digitalisation of approvals, skill development, and the creation of future-ready cities to drive the sector’s growth.
Credai 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 land register to enhance transparency and accessibility.
“The real estate and construction sector will be one of the foremost drivers of this journey. The sector contributes nearly 15 per cent to GDP, supports millions of livelihoods, and shapes the quality of life in both urban and rural India,” Credai president Shekhar Patel said.
“The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations,” he pointed out, describing the report as both a vision document and a call to action.
The report highlighted that by 2047, India aims to achieve 100 per cent housing accessibility, emerge as a hub for con-tech and prop-tech innovation, and become the world’s top-ranked nation in ease of doing construction.
The National Real Estate Development Framework under Credai Viksit Bharat 2047 rests on nine key reform pillars, spanning land reforms, financing, redevelopment, sustainability, skill development, and ease of living.
Among the priorities are the creation of 100 new ‘cities of tomorrow’ through structured urban expansion and the introduction of purpose-based zoning to accommodate affordable housing, rental units, and residences for students and senior citizens. The framework also advocates comprehensive, citywide slum redevelopment, rather than project-level interventions.
Sustainability is central, with an emphasis on net-zero buildings and pilot green townships led by the private sector. In parallel, Credai highlights the need for workforce upskilling and reforms to ensure the labour cess directly benefits on-site workers.
“The future of Indian real estate is not just about creating buildings but about building communities, livelihoods, and aspirations,” Patel said.
The report also draws attention to the excessive tax burden on housing, where the effective tax incidence ranges between 35 per cent and 39 per cent, on par with petroleum and alcohol.
Credai argues that this imbalance makes affordable housing financially unviable, despite being a national priority. “Housing, despite being a critical social and economic sector, is taxed at par with petroleum products, which is counterproductive to the government’s goal of housing for all,” the report states.
The report stressed the importance of slum redevelopment and green building adoption to make cities inclusive and sustainable. It also highlighted the role of technology integration, ranging from construction innovations to customer relationship management.
On workforce development, Credai identified skill-building and labour welfare as a critical pillar, advocating trade-specific training infrastructure, state-led demand assessments, and reforms in labour cess utilisation so that benefits flow directly to on-site workers.
“The final pillar, ease of living, promotes celebrating cultural uniqueness and heritage in all major urban centres, advancing citizen-driven governance models, and incorporating climate resilience into urban infrastructure,” the report said.
To ensure execution, Credai proposed a three-tier implementation mechanism, 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.

The Confederation of Real Estate Developers’ Associations of India (Credai) has called for comprehensive land reforms, including conclusive land titling through a Land Titling Act and the creation of a unified national digital land register to enhance transparency and accessibility.It also urged the development of land banks to promote affordable housing and emphasised the planned creation of 100 ‘cities of tomorrow.’Unveiling its report, The National Real Estate Development Framework – Vision 2047, at its annual conference in Singapore, Credai highlighted the need for land reforms, digitalisation of approvals, skill development, and the creation of future-ready cities to drive the sector’s growth.Credai 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 land register to enhance transparency and accessibility.“The real estate and construction sector will be one of the foremost drivers of this journey. The sector contributes nearly 15 per cent to GDP, supports millions of livelihoods, and shapes the quality of life in both urban and rural India,” Credai president Shekhar Patel said.“The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations,” he pointed out, describing the report as both a vision document and a call to action.The report highlighted that by 2047, India aims to achieve 100 per cent housing accessibility, emerge as a hub for con-tech and prop-tech innovation, and become the world’s top-ranked nation in ease of doing construction.The National Real Estate Development Framework under Credai Viksit Bharat 2047 rests on nine key reform pillars, spanning land reforms, financing, redevelopment, sustainability, skill development, and ease of living.Among the priorities are the creation of 100 new ‘cities of tomorrow’ through structured urban expansion and the introduction of purpose-based zoning to accommodate affordable housing, rental units, and residences for students and senior citizens. The framework also advocates comprehensive, citywide slum redevelopment, rather than project-level interventions.Sustainability is central, with an emphasis on net-zero buildings and pilot green townships led by the private sector. In parallel, Credai highlights the need for workforce upskilling and reforms to ensure the labour cess directly benefits on-site workers.“The future of Indian real estate is not just about creating buildings but about building communities, livelihoods, and aspirations,” Patel said.The report also draws attention to the excessive tax burden on housing, where the effective tax incidence ranges between 35 per cent and 39 per cent, on par with petroleum and alcohol.Credai argues that this imbalance makes affordable housing financially unviable, despite being a national priority. “Housing, despite being a critical social and economic sector, is taxed at par with petroleum products, which is counterproductive to the government’s goal of housing for all,” the report states.The report stressed the importance of slum redevelopment and green building adoption to make cities inclusive and sustainable. It also highlighted the role of technology integration, ranging from construction innovations to customer relationship management.On workforce development, Credai identified skill-building and labour welfare as a critical pillar, advocating trade-specific training infrastructure, state-led demand assessments, and reforms in labour cess utilisation so that benefits flow directly to on-site workers.“The final pillar, ease of living, promotes celebrating cultural uniqueness and heritage in all major urban centres, advancing citizen-driven governance models, and incorporating climate resilience into urban infrastructure,” the report said.To ensure execution, Credai proposed a three-tier implementation mechanism, 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.

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?