Revolutionizing India's Real Estate: Vision 2047
Credai, the apex body of realtors in India, has launched 'Vision 2047' to transform the real estate sector with nine strategic pillars, including land reforms, digital land registers, and affordable housing.
Real EstateLand ReformsAffordable HousingDigital Land RegisterSkill DevelopmentReal Estate NewsSep 14, 2025
Key recommendations include comprehensive land reforms, the establishment of a national digital land register, and the promotion of affordable housing through the creation of land banks. Enhancing construction ease through streamlined building plan approvals and rationalized charges also features prominently in the recommendations.
The report calls for the adoption of new technologies across the sector, as well as skill development and labor welfare improvements, to create a transparent, sustainable, and inclusively developed real estate landscape by 2047.
Credai's 'Vision 2047' aims to address the long-standing issues in the Indian real estate market, such as fragmented land ownership, bureaucratic delays, and a lack of affordable housing options. By implementing these strategic pillars, the report envisions a future where the real estate sector not only meets the housing needs of the growing population but also contributes significantly to the country's economic growth and global standing.
One of the key recommendations is the comprehensive land reforms. This involves simplifying the land acquisition process, ensuring transparency in land transactions, and creating a secure and efficient land market. The establishment of a national digital land register is another critical step, which will help in reducing disputes and improving the overall efficiency of land management.
Promoting affordable housing is a cornerstone of the 'Vision 2047' report. The creation of land banks, which involves pooling together government-owned and unused land for the development of affordable housing projects, is seen as a vital step in this direction. This will not only help in meeting the housing needs of the lower and middle-income groups but also contribute to urban development and economic inclusion.
Streamlining building plan approvals and rationalizing charges are also essential for enhancing the ease of construction. This will reduce the time and cost involved in obtaining necessary permits, making the development process more efficient and attractive for developers and investors.
The adoption of new technologies is another crucial aspect of the report. This includes the use of advanced construction techniques, smart building solutions, and sustainable building materials. These technologies will not only improve the quality and efficiency of construction but also contribute to environmental sustainability.
Skill development and labor welfare improvements are also emphasized in the report. This involves training and upskilling the workforce in the real estate sector, ensuring fair wages and working conditions, and promoting the well-being of laborers. A skilled and well-supported workforce will be essential for the successful implementation of the vision.
By 2047, the 'Vision 2047' report envisions a real estate sector that is transparent, sustainable, and inclusive. This will not only benefit the millions of Indians in need of affordable and quality housing but also position India as a global leader in the real estate market.
(With inputs from agencies.)
Frequently Asked Questions
What is the 'Vision 2047' report by Credai?
The 'Vision 2047' report by Credai is a strategic framework to transform India's real estate sector by 2047. It outlines nine transformative pillars to establish a globally competitive real estate ecosystem.
What are the key recommendations in the 'Vision 2047' report?
The key recommendations include comprehensive land reforms, a national digital land register, promotion of affordable housing, streamlined building plan approvals, rationalized charges, adoption of new technologies, and skill development and labor welfare improvements.
How does the report plan to promote affordable housing?
The report suggests creating land banks by pooling together government-owned and unused land for the development of affordable housing projects. This will help meet the housing needs of lower and middle-income groups.
What role does technology play in the 'Vision 2047' report?
The report emphasizes the adoption of new technologies such as advanced construction techniques, smart building solutions, and sustainable building materials to improve the quality and efficiency of construction and contribute to environmental sustainability.
How does the report address labor welfare in the real estate sector?
The report focuses on skill development and labor welfare improvements, including training and upskilling the workforce, ensuring fair wages and working conditions, and promoting the well-being of laborers.
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