Credai Vision 2047: Transforming Indian Real Estate for a Sustainable Future
Credai, the apex body of real estate developers, has proposed a comprehensive framework to transform the Indian real estate sector by 2047. The vision includes land reforms, ease of doing business, and the creation of new cities.
Real EstateCredaiLand ReformsAffordable HousingSustainable DevelopmentReal Estate NewsSep 14, 2025
The report is both a vision document and a call to action, inviting all stakeholders to collaborate and make the Indian real estate sector globally competitive. Patel highlighted that the real estate sector will play a crucial role in achieving India's goal of becoming a developed nation by 2047.
To achieve this transformation, Credai has proposed a framework comprising nine key pillars. The first pillar focuses on land reforms, advocating for the Land Titling Act to ensure conclusive land titling. It also calls for the creation of a unified national digital land register to enhance transparency and accessibility.
The second pillar emphasizes the creation of land banks to promote affordable housing. Credai suggests the development of 100 'cities of tomorrow' to address the growing urbanization needs. The third pillar aims to ease the process of construction by digitizing building plan approvals, ensuring transparency and time-bound processing. The association also recommends rationalizing development and approval charges and setting up dedicated funds for infrastructure financing, including government-backed infrastructure and housing bonds.
The fourth pillar focuses on slum redevelopment and the promotion of green buildings. Credai advocates for the adoption of new technologies across all aspects of the real estate sector, from construction to customer relationship management. This is the fifth pillar, which seeks to modernize the industry and enhance efficiency.
Skill development and labor welfare form the eighth pillar. Credai calls for state-led demand assessments and trade-specific training infrastructure to ensure a skilled workforce. The association also seeks reforms in labor cess utilization to directly benefit workers.
The final pillar, ease of living, promotes celebrating cultural uniqueness and heritage in major urban centers. It advocates for citizen-driven governance models and the incorporation of climate resilience into urban infrastructure.
Credai has also proposed 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, fitting for India's ambitious future.
This comprehensive framework underscores Credai's commitment to transforming the Indian real estate sector, ensuring it meets the needs of a growing population while promoting economic growth and sustainability.
Frequently Asked Questions
What is Credai's Vision 2047?
Credai's Vision 2047 is a comprehensive framework to transform the Indian real estate sector by 2047, focusing on land reforms, ease of doing business, and the creation of new cities.
What are the nine pillars of Credai's framework?
The nine pillars are: land reforms, land banks and affordable housing, ease of doing construction, slum redevelopment and green buildings, adoption of new technologies, skill development and labor welfare, ease of living, high-level committees, and phased implementation.
How does Credai plan to promote green buildings?
Credai plans to promote green buildings by integrating sustainability into construction practices and promoting the use of eco-friendly materials and technologies.
What is the role of technology in Credai's vision?
Technology plays a crucial role in Credai's vision by modernizing the real estate sector, enhancing efficiency, and improving customer relationship management.
How will Credai ensure labor welfare?
Credai will ensure labor welfare through state-led demand assessments, trade-specific training infrastructure, and reforms in labor cess utilization to directly benefit workers.
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