Real Estate India

CREDAI Seeks Industry Status for Real Estate; Market to Hit $1 Trillion

By GeoSquare News Desk · Published 2026-10-21

India's real estate sector is poised for massive growth, with the market expected to expand from around $600 billion in 2025 to $1 trillion in the coming years. This projection was highlighted at the recent CREDAI NATCON, where industry leaders discussed the sector's future trajectory and its critical role in the national economy.

Demand for Official Recognition

The newly elected CREDAI president-elect, Gummi Ram Reddy, has formally urged the government to grant official industry status to real estate. Such recognition would enable easier access to institutional credit, lower borrowing costs, and more streamlined approvals — benefits that could directly translate into more affordable housing for buyers in Maharashtra.

Impact on Maharashtra Property Market

For Maharashtra, the country's largest real estate market, this recognition could be a game-changer. Cities like Mumbai, Pune, and Nagpur are already witnessing robust demand across residential and commercial segments. With industry status, developers would be better positioned to complete projects on time, boosting buyer confidence and encouraging more investment in the state's growing urban corridors.

The projected market expansion also signals sustained job creation and infrastructure development, aligning with Maharashtra's vision of becoming a $1 trillion economy. Property buyers and investors in the state stand to benefit from increased transparency and institutional support as the sector formalises.