Increasing Women’s Participation in Real Estate to Boost Transparency and Reduce Civil Cases

New Delhi, Jun 27 (PTI) Delhi's Public Works Department (PWD) Minister Parvesh Verma highlighted the need to increase women's participation in the real estate sector, asserting that this will improve transparency and reduce civil cases related to properties.

Addressing a conference organized by the National Real Estate Development Council (Naredco)'s women's wing, Verma stated, “Women can do anything today, then, why not real estate?”

Verma mentioned the prevalence of lies, misselling, and fraud in the real estate market. “Most of the civil cases are related to real estate. If women will come into real estate, I think there will be a reduction in these cases,” the minister said, adding that lies and misselling would also come down.

Verma was speaking at the 4th Naredco-MAHI convention. He also sought support from the industry for the beautification of the national capital.

D Thara, Additional Secretary at the Union Ministry of Housing and Urban Affairs, urged builders to focus on integrated infrastructure management of housing societies. She spoke about the importance of water preservation and the development of green spaces in housing complexes.

Thara suggested that developers hand over documents citing the green measures and water availability in housing complexes to increase awareness and sustainability and build accountability.

Smita Patil, President of NAREDCO-MAHI, emphasized that India's housing future must be built with policy, shaped by the industry, and guided by inclusive values, especially empowering women and emerging leaders.

Niranjan Hiranandani, Chairman of Naredco, highlighted that skilling would be the key pivot towards a women-led real estate sector. “Real estate is the second largest employer in India. However, it is short of skilled workers, which if filled by skilled women, would not only lead to employment generation and women empowerment but would give a boost to economic growth and help achieve the vision of tripling the size of the economy,” he said.

The involvement of women in real estate is not just a matter of gender equality but a strategic move to enhance the sector's integrity and efficiency. By fostering a more diverse and skilled workforce, the real estate industry can address its current challenges and pave the way for sustainable growth.