Goyal Urges Real Estate Sector to Embrace Eco-Friendly Construction Practices
Union Minister Piyush Goyal has called on real estate developers to adopt environment-friendly construction techniques and focus on affordable rental housing to curb urban slum proliferation.
Real EstateEnvironmentfriendlyAffordable HousingCredaiNpaReal Estate MaharashtraNov 25, 2024
Established in 1999, CREDAI is a significant body with over 13,000 members across the country. The organization plays a pivotal role in shaping the real estate sector and promoting best practices among its members.
Goyal emphasized the need for better construction methods, such as using steel and precast fabrication, to reduce pollution. \
Frequently Asked Questions
What did Union Minister Piyush Goyal urge real estate developers to do?
Piyush Goyal urged real estate developers to adopt environment-friendly construction techniques and focus on affordable rental housing to curb urban slum proliferation.
What is CREDAI and when was it established?
CREDAI, the Confederation of Real Estate Developers' Associations of India, was established in 1999 and has over 13,000 members across the country. It plays a significant role in shaping the real estate sector.
Why did Goyal suggest setting up a task force to study the impact of construction on air quality?
Goyal suggested setting up a task force to study the adverse impact of construction activities on air quality in 20 major cities to understand and address pollution issues in metropolitan areas.
What are the benefits of using steel and precast fabrication in construction?
Using steel and precast fabrication in construction can help reduce pollution, speed up the construction process, and provide better quality construction.
What is the role of RERA in the real estate sector?
RERA, the Real Estate (Regulation and Development) Act, has helped eliminate bad developers from the market and enhanced consumer confidence by ensuring timely delivery of properties.
Related News Articles
Revolutionizing India's Commercial Real Estate: Worldmark's Ambitious Vision
Bharti Real Estate's Worldmark brand is set to elevate India's commercial real estate sector with its futuristic developments in Aerocity, New Delhi.
Kering Completes Sale of Majority Stake in Prime Parisian Real Estate Assets to Ardian
Kering has successfully completed the sale of a majority stake in its prime Parisian real estate assets to Ardian, a leading global investment firm. This strategic move positions Kering to focus more on its core luxury brands while optimizing its portfolio.
Pune Real Estate Market Remains Steady Despite Property Registration Dip
Pune's real estate market has shown resilience in stamp duty collections despite an 8% year-on-year decrease in property registrations in January 2025, highlighting the market's stability and potential for future growth.
MahaRERA Mandates Prominent Display of Registration Details in Housing Ads
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular requiring developers to prominently display their registration details in all housing advertisements.
India's Largest Property Expo: HOMETHON 2024 Returns with Exclusive Offers
NAREDCO's HOMETHON Property Expo 2024 promises to be the largest real estate event in India, featuring over 1,000 premium projects and attractive home loan offers.
Actress Sonakshi Sinha Sells Her Mumbai Flat
According to property registration documents reviewed by Square Yards, one of India's leading real estate platforms, actress Sonakshi Sinha has recently sold her flat in Mumbai.