CREDAI Advocates Land Reforms, Ease of Doing Business, and Skilling to Transform Indian Real Estate
CREDAI, the apex body representing real estate developers, has called for land reforms, ease of doing business, and skilling initiatives to transform India's real estate sector and make it globally competitive by 2047.
Land ReformsReal EstateCredaiAffordable HousingSkillingReal Estate NewsSep 14, 2025
"The future of Indian real estate is not just about creating buildings, but about building communities, livelihoods, and aspirations," said Credai National President Shekhar Patel. The report is both a vision document and a call to action, inviting all stakeholders to come together to transform India's real estate sector and make it globally competitive.
Patel emphasized that the real estate sector will play a crucial role in making India a developed nation by 2047. To achieve this, Credai has proposed a framework comprising nine pillars. One of the key recommendations is land reform, which includes ensuring conclusive land titling through the Land Titling Act and creating a unified national digital land register to enhance transparency and accessibility.
To promote affordable housing, Credai suggests the creation of land banks. The association also emphasizes the development of 100 'cities of tomorrow.' Ease of doing construction constitutes the third pillar, aiming to transform building plan approvals via digitization, transparency, and time-bound processing.
Credai also advocates for the rationalization of development and approval charges by the Centre and states. It recommends setting up dedicated funds for infrastructure financing, including government-backed infrastructure and housing bonds. The report also highlights the need for a focus on slum redevelopment and the promotion of green building construction.
Adopting new technologies in all aspects of the real estate sector, from construction to customer relationship management, is another key recommendation. Skill development and labour welfare form the eighth pillar, with the report advocating for state-led demand assessments and trade-specific training infrastructure. Credai also seeks reforms in labour cess utilization to directly benefit 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 states. Credai calls for the 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 concluded.
Frequently Asked Questions
What is the main goal of Credai's 'Vision 2047' report?
The main goal of Credai's 'Vision 2047' report is to transform India's real estate sector by 2047, making it globally competitive through land reforms, ease of doing business, and skilling initiatives.
What are the nine pillars proposed by Credai in the 'Vision 2047' report?
The nine pillars proposed by Credai in the 'Vision 2047' report are: land reforms, affordable housing, development of 100 'cities of tomorrow,' ease of doing construction, infrastructure financing, slum redevelopment, green building construction, technology adoption, skill development, and ease of living.
Why is land reform important according to Credai?
According to Credai, land reform is important because it ensures conclusive land titling through the Land Titling Act and creates a unified national digital land register, enhancing transparency and accessibility.
How does Credai suggest promoting affordable housing?
Credai suggests promoting affordable housing by creating land banks and developing 100 'cities of tomorrow.'
What does Credai propose to improve ease of doing construction?
Credai proposes transforming building plan approvals via digitization, transparency, and time-bound processing to improve ease of doing construction.
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