Revolutionizing Indian Real Estate: Vision 2047
Credai's ambitious 'Vision 2047' report outlines a strategic framework to transform India's real estate sector into a globally competitive ecosystem by 2047, emphasizing technological adoption and infrastructure funding.
Real EstateCredaiVision 2047Land ReformsTechnologyReal EstateSep 14, 2025
Key recommendations in the report include comprehensive land reforms, the establishment of a national digital land register, and the promotion of affordable housing through the creation of land banks. These measures are crucial for ensuring that the real estate sector can meet the growing demands of India's urban and rural populations.
Enhancing construction ease is another critical aspect of the report. Streamlined building plan approvals and rationalized charges are proposed to reduce the bureaucratic hurdles that often delay projects and increase costs. This will not only speed up the development process but also make it more cost-effective and efficient.
The report also emphasizes the adoption of new technologies across the sector. From smart building solutions to advanced construction techniques, technology will play a pivotal role in creating a more sustainable and efficient real estate market. This includes the use of data analytics, artificial intelligence, and other cutting-edge technologies to improve project management, reduce waste, and enhance the overall quality of buildings.
Skill development and labor welfare improvements are also highlighted as essential components of the vision. The real estate sector is labor-intensive, and ensuring that workers are well-trained and well-supported is crucial for the long-term success of the industry. This includes initiatives to provide better working conditions, training programs, and social security benefits for workers.
The overarching goal of 'Vision 2047' is to create a transparent, sustainable, and inclusively developed real estate landscape. By implementing these transformative pillars, Credai aims to position India as a leader in the global real estate market, attracting investment and fostering economic growth.
The report concludes with a call to action for all stakeholders, including the government, private sector, and civil society, to work together to achieve these ambitious goals. With a concerted effort, India's real estate sector can become a model of innovation and excellence, benefiting millions of people across the country.
(With inputs from agencies.)
Frequently Asked Questions
What is Credai's 'Vision 2047' report?
Credai's 'Vision 2047' report is a strategic framework designed to transform India's real estate sector into a globally competitive ecosystem by 2047. It outlines nine transformative pillars to achieve this goal.
What are the key recommendations in the report?
Key recommendations include comprehensive land reforms, the establishment of a national digital land register, promotion of affordable housing, streamlined building plan approvals, and the adoption of new technologies.
How does the report aim to enhance construction ease?
The report proposes streamlined building plan approvals and rationalized charges to reduce bureaucratic hurdles and make the development process more cost-effective and efficient.
What role does technology play in the vision?
Technology plays a pivotal role in the vision, with a focus on smart building solutions, advanced construction techniques, data analytics, and artificial intelligence to improve project management and reduce waste.
Why are skill development and labor welfare important?
Skill development and labor welfare are crucial for the long-term success of the real estate sector. Initiatives to provide better working conditions, training programs, and social security benefits for workers are emphasized in the report.
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