Maharashtra MoS Pledges Support for Housing and Real Estate at NAREDCO Convention
The Minister of State for Maharashtra, Mrs. Meghana Sakore Bordikar, committed to framing favorable policies for the housing and real estate sectors at the 17th NAREDCO National Convention, emphasizing the importance of sustainable development and infrastructure.
HousingReal EstateInfrastructureSustainable DevelopmentNaredcoReal Estate NewsSep 02, 2025
She gave this assurance to the industry while addressing the two-day NAREDCO 17th National Convention “India Builds: Reimagining Growth through Real Estate and Infrastructure,” which began on Friday. At the convention, Dr. Niranjan Hiranandani, Chairman of NAREDCO, called for a new blueprint of infrastructure policies in the present context.
The Minister assured that recommendations submitted to the State Government at the conclusion of the convention — relating to new town planning, sewage and water management, recycling of water, and incentives to industry — would be duly considered in accordance with the current needs of the sector.
However, Mrs. Bordikar remained non-committal on the issue of rationalizing stamp duty in Maharashtra. She added that while no immediate promises could be made on that front, the Government is committed to doing its best for progressive infrastructure development, which it is already actively pursuing under the current regime.
The State of Maharashtra is also prioritizing sustainable development to address water scarcity. Plans include revamping water resources and ponds for improved yield. With support from the Central Government, Maharashtra is also focusing on river connectivity and extending subsidies for primary infrastructure and basic amenities.
Mrs. Smita Patil, President of MAHI, NAREDCO, urged the State Government to extend comprehensive policy support to the real estate industry so that existing gaps are addressed and collaboration between the Government and stakeholders can drive inclusive growth in infrastructure and housing.
Dr. Hiranandani, in his remarks, emphasized that the housing and real estate sector must grow at a rate of at least 15% annually for India to achieve developed-nation status well before the targeted year of 2047.
Mr. Prashant Sharma, President, NAREDCO Maharashtra, said, “We welcome the Government’s commitment to progressive, infrastructure-led policies. What the sector needs is consistency, transparency, and ease of doing business to boost investor confidence. With focus on town planning, water management, and sustainable growth, Maharashtra can cement its position as India’s leading real estate destination, and NAREDCO Maharashtra is ready to partner in this journey.”
Frequently Asked Questions
What is the 17th NAREDCO National Convention about?
The 17th NAREDCO National Convention, titled “India Builds: Reimagining Growth through Real Estate and Infrastructure,” focuses on reimagining growth in the real estate and infrastructure sectors in India.
Who is Mrs. Meghana Sakore Bordikar and what did she promise?
Mrs. Meghana Sakore Bordikar is the Minister of State for Maharashtra. She promised to frame favorable policies for housing and real estate, including new town planning, sewage and water management, and recycling of water.
What are the key priorities for sustainable development in Maharashtra?
Key priorities for sustainable development in Maharashtra include addressing water scarcity through revamping water resources, ponds, and river connectivity, as well as extending subsidies for primary infrastructure and basic amenities.
What is the target growth rate for the housing and real estate sector according to Dr. Hiranandani?
According to Dr. Niranjan Hiranandani, the housing and real estate sector must grow at a rate of at least 15% annually for India to achieve developed-nation status well before the targeted year of 2047.
What is NAREDCO and what is its role in the real estate sector?
NAREDCO (National Real Estate Development Council) is a leading organization in India that represents the real estate development industry. Its role is to promote the growth and development of the real estate sector through policy advocacy, industry collaboration, and stakeholder engagement.
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