Credai Outlines Vision 2047: Land Reforms, Ease of Doing Business, and Skilling for Indian Real Estate
Credai, the apex body of real estate developers, has unveiled a comprehensive framework to transform the Indian real estate sector by 2047. The report emphasizes land reforms, ease of doing business, and skill development as key pillars for growth.
Real EstateLand ReformsEase Of Doing BusinessSkillingUrban DevelopmentReal Estate PuneSep 14, 2025
The real estate sector plays a crucial role in India's development, and Credai's report is both a vision document and a call to action for all stakeholders. Shekhar Patel, National President of Credai, emphasized that the future of Indian real estate is not just about creating buildings but about building communities, livelihoods, and aspirations.
To achieve this transformation, Credai has proposed a framework comprising nine pillars. The first pillar focuses on land reforms, advocating for conclusive land titling through the Land Titling Act and the creation of a unified national digital land register to enhance transparency and accessibility. This will help in promoting affordable housing by creating land banks and ensuring that land is available for development.
The second pillar is the development of 100 'cities of tomorrow'. Credai suggests that these new cities should be designed with modern infrastructure, sustainable living, and smart technology in mind. This will not only improve the quality of life but also attract investment and drive economic growth.
Ease of doing construction forms the third pillar. Credai proposes transforming building plan approvals through digitization, transparency, and time-bound processing. This will reduce the time and cost involved in obtaining approvals, making it easier for developers to start and complete projects.
The fourth pillar focuses on rationalizing development and approval charges. Credai suggests that the central and state governments should set up dedicated funds for infrastructure financing, including government-backed infrastructure and housing bonds. This will ensure that there is adequate funding for essential infrastructure projects.
The fifth pillar emphasizes the need for slum redevelopment and the promotion of green buildings. Credai advocates for the adoption of new technologies in all spheres of the real estate sector, from construction to customer relationship management. This will help in creating more sustainable and efficient buildings.
Skill development and labor welfare form the eighth pillar. Credai calls for state-led demand assessments and trade-specific training infrastructure to ensure that the workforce is equipped with the necessary skills to meet the demands of the sector. Additionally, reforms in labor cess utilization are needed to directly benefit workers.
The final pillar, ease of living, promotes celebrating cultural uniqueness and heritage in all major urban centers. It also advocates for advancing citizen-driven governance models and incorporating climate resilience into urban infrastructure. Credai seeks the establishment of high-level committees at the Prime Minister's level, state-level war rooms, and a phased implementation plan to ensure that these initiatives are implemented effectively.
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 report is a comprehensive roadmap that, if followed, can transform the Indian real estate sector into a global leader.
Credai's vision is not just about building structures but about creating a better future for all. By focusing on these nine pillars, the real estate sector can play a significant role in making India a developed nation by 2047.
Frequently Asked Questions
What is Credai's vision for the Indian real estate sector by 2047?
Credai's vision for the Indian real estate sector by 2047 is to transform it into a globally competitive and sustainable ecosystem through land reforms, ease of doing business, and skill development.
What are the key pillars in Credai's framework for real estate development?
The key pillars in Credai's framework include land reforms, development of 100 'cities of tomorrow', ease of doing construction, rationalizing development charges, slum redevelopment, green buildings, adoption of new technologies, skill development, and ease of living.
How does Credai propose to enhance transparency in the real estate sector?
Credai proposes to enhance transparency by creating a unified national digital land register and transforming building plan approvals through digitization and time-bound processing.
What measures does Credai suggest to promote affordable housing?
Credai suggests creating land banks and ensuring conclusive land titling to promote affordable housing.
How does Credai plan to improve the skill level of the workforce in the real estate sector?
Credai plans to improve the skill level of the workforce through state-led demand assessments and trade-specific training infrastructure, along with reforms in labor cess utilization.
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