Maharashtra Deputy CM Eknath Shinde Advocates Empowering Real Estate Sector
Maharashtra Deputy Chief Minister Eknath Shinde emphasized the importance of empowering the real estate sector to drive economic growth and development, particularly in Pune.
Real EstateCredaiPuneDevelopmentEknath ShindeReal Estate PuneJun 07, 2025
Shinde highlighted the sector's resilience during the COVID-19 pandemic, noting that despite a reduction in stamp duty, revenues were remarkably high. This, he said, demonstrated the sector's potential and its importance in the state's economic landscape.
Shinde also reflected on his tenure as Chief Minister, during which Mumbai experienced rapid development. He expressed a similar vision for Pune, emphasizing the need for similar growth in the city. “Mumbai developed rapidly during my tenure as the chief minister, and Pune requires similar growth,” he stated.
The deputy chief minister proposed several reforms to boost the real estate sector, including unified Development Control and Promotion Regulations (DCPR), stamp duty relief, and infrastructure upgrades. He stressed that poor infrastructure tarnishes a city's image and hinders its development.
Shinde promised that the concerns of Credai, the apex body of real estate developers, would be addressed in a timely manner. “Our goal is simple: development, development, and more development—and Credai will be a key partner in that journey,” he said.
Manish Jain, the new president of Credai-Pune, presented a series of key issues to the minister. He emphasized the need for greater interdepartmental integration to streamline the building sanction process. Jain proposed that building permissions be processed concurrently with environmental clearance to allow construction to commence immediately once the EC is granted.
Highlighting the inefficiencies, Jain remarked that nearly 90 percent of a developer’s time is spent on obtaining sanctions, while only 10 percent goes into actual construction. He also urged a phased and results-driven approach to Town Planning Schemes (TPS), recommending that two pilot schemes be implemented and evaluated for effectiveness before scaling up. This approach, he argued, would ensure more structured and impactful outcomes.
Addressing governance-related challenges, Jain highlighted the urgent need to protect developers from undue harassment by blackmailers. He advocated for stronger collaboration with police and law enforcement agencies to address these issues effectively.
Overall, Shinde's call for empowering the real estate sector and Jain’s proposals reflect a concerted effort to drive economic growth and development in Maharashtra, particularly in Pune.
Frequently Asked Questions
What is Credai?
Credai, or the Confederation of Real Estate Developers' Associations of India, is the apex body representing real estate developers in India. It works towards the development and regulation of the real estate sector.
What reforms did Eknath Shinde propose for the real estate sector?
Eknath Shinde proposed reforms such as unified Development Control and Promotion Regulations (DCPR), stamp duty relief, and infrastructure upgrades to boost the real estate sector in Maharashtra.
What was Manish Jain's main concern regarding the building sanction process?
Manish Jain emphasized the need for greater interdepartmental integration to streamline the building sanction process, proposing that building permissions be processed concurrently with environmental clearance.
Why is it important to protect developers from harassment by blackmailers?
Protecting developers from harassment by blackmailers is crucial to ensure a conducive business environment and to prevent undue delays and financial losses in the real estate sector.
What is the vision for Pune's development according to Eknath Shinde?
Eknath Shinde envisions similar rapid development for Pune as was seen in Mumbai during his tenure as Chief Minister. He believes that reforms and infrastructure improvements can drive this growth.
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