Credai Advocates Land Reforms for Real Estate Boom by 2047
Credai's National Real Estate Development Framework under Credai Viksit Bharat 2047 aims to drive significant growth in the real estate sector through comprehensive land reforms and infrastructure upgrades.
Real EstateLand ReformsCredaiInfrastructureDevelopmentReal Estate MaharashtraSep 16, 2025
Land reforms are crucial for unlocking the potential of the real estate market. They aim to streamline land acquisition processes, ensure fair compensation for landowners, and promote sustainable development. By addressing these issues, Credai hopes to create a more transparent and efficient system that benefits all stakeholders.
The Delhi Development Authority (DDA) is also playing a significant role in this transformation. They are spearheading a major infrastructure redevelopment project in Dwarka Sector 19 and surrounding villages, covering 1,769 hectares of land. The project's first phase involves appointing a firm to conduct a comprehensive survey of the area, which will inform the design of an extensive road and drainage network. Preliminary work has already commenced, and tenders have been issued for further construction. The DDA aims to boost development across outer regions, enhancing the quality of life for residents and attracting more investment.
Another significant development is the adoption of Insurance Surety Bonds (ISBs) by the National Highways Authority of India (NHAI). ISBs issued by insurance companies for NHAI contracts have surpassed the Rs 10 billion mark. As of July 2025, twelve insurers have issued around 1,600 ISBs as ‘Bid Security’ and 207 as ‘Performance Security’, valued at approximately Rs 10.37 billion. NHAI has actively promoted ISBs as an alternative mode of submitting Bid Security or Performance Security deposits. To encourage broader adoption of ISBs and Electronic Bank Guarantees (eBG), NHAI organized a workshop in New Delhi. The session was chaired by senior officials and aimed to educate contractors and stakeholders about the benefits of these financial instruments.
Infrastructure upgrades are also underway in other parts of the country. A 5.5-km section of the 17-km Bhuwana to Balicha bypass, extending up to Pratap Nagar, has been upgraded to a four-lane road, with a width equivalent to a six-lane highway. Work on dividers, decorative poles, and lighting tests has been completed, while plantation work is currently underway. The Urban Development Authority (UDA) will formally inaugurate the project once minor finishing touches are complete. The project, announced in the 2021–22 Chief Minister’s budget, was completed at a total cost of Rs 383.6 million. Two overbridges have been constructed on this stretch, one at the RTO intersection, to enhance traffic flow and safety.
These initiatives underscore the commitment of various stakeholders to drive the real estate sector's growth. Credai's framework, coupled with the DDA's infrastructure projects, NHAI's adoption of ISBs, and the UDA's road upgrades, are all contributing to a more robust and sustainable real estate market. By focusing on land reforms, infrastructure development, and innovative financial solutions, these efforts are poised to transform the industry and achieve the vision of Credai Viksit Bharat 2047.
Credai, established in 1999, is a national-level apex body representing real estate developers in India. It plays a crucial role in advocating for policies that promote sustainable and inclusive growth in the real estate sector. The organization works closely with government bodies, industry experts, and other stakeholders to create a conducive environment for the development of the real estate market. Through its various initiatives, Credai aims to ensure that the real estate sector contributes significantly to the country's economic growth and development.
Frequently Asked Questions
What is the Credai Viksit Bharat 2047 initiative?
Credai Viksit Bharat 2047 is a comprehensive framework launched by Credai to drive the growth of the real estate sector by 2047. It focuses on nine key areas, including land reforms, to transform the industry.
What role does the DDA play in the infrastructure redevelopment project in Dwarka Sector 19?
The DDA is leading a major infrastructure redevelopment project in Dwarka Sector 19 and surrounding villages, covering 1,769 hectares of land. The project involves upgrading roads, drainage, and other essential services.
What are Insurance Surety Bonds (ISBs), and how are they being used by NHAI?
Insurance Surety Bonds (ISBs) are financial instruments issued by insurance companies to guarantee the performance of contractors. NHAI has adopted ISBs as an alternative to traditional bid and performance securities, with over Rs 10 billion in ISBs issued as of July 2025.
What infrastructure upgrades are being made to the Bhuwana to Balicha bypass?
A 5.5-km section of the 17-km Bhuwana to Balicha bypass has been upgraded to a four-lane road, with additional features such as dividers, decorative poles, and lighting. The project also includes two overbridges to improve traffic flow and safety.
What is the role of Credai in the real estate sector?
Credai, established in 1999, is a national-level apex body representing real estate developers in India. It advocates for policies that promote sustainable and inclusive growth in the real estate sector and works closely with government bodies and industry experts.
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