Maharashtra Pledges Progressive Real Estate Policies for Sustainable Growth
NEW DELHI: Maharashtra is set to make significant strides in its real estate sector with the government's pledge to frame infrastructure-related policies that align with changing requirements. Meghana Sakore Bordikar, the minister of state for the government of Maharashtra, made this commitment at the Naredco 17th National Convention held in Delhi.
She emphasized that the state will make every possible effort to promote housing and infrastructure development. This is a crucial step in addressing the growing demand for affordable and sustainable housing in the state.
Niranjan Hiranandani, chairman of Naredco, highlighted the importance of the housing and real estate sector growing at a rate of at least 15% annually for India to achieve developed-nation status by 2047. This ambitious goal underscores the need for robust policy support and proactive measures from the government.
Bordikar, however, was non-committal on the issue of rationalizing stamp duty in Maharashtra. While no immediate promises were made on this front, she assured that the government is committed to progressive infrastructure development. The state is already actively pursuing this goal under the current regime.
Maharashtra is also prioritizing sustainable development to address water scarcity. Plans include revamping water resources and ponds to improve yield. This initiative aims to create a more resilient and sustainable environment, which is essential for long-term growth and development.
Smita Patil, president of Naredco-MAHI, urged the state government to extend comprehensive policy support to the real estate industry. She emphasized the need to address existing gaps and foster collaboration between the government and stakeholders to drive inclusive growth in infrastructure and housing.
The government's commitment to these policies is a significant step towards creating a more favorable environment for real estate development in Maharashtra. It is expected to boost investor confidence and attract more investments in the sector, ultimately contributing to the state's economic growth and development.
In conclusion, the Maharashtra government's commitment to revamping real estate policies is a positive move that aligns with the state's vision of sustainable and inclusive growth. By focusing on infrastructure development, housing, and sustainability, the government is laying a strong foundation for a prosperous future.
