Transforming Indian Real Estate: Credai's Vision 2047
Credai proposes land reforms, ease of doing business, skilling, and new cities to revolutionize the Indian real estate sector by 2047. Discover the key pillars of this transformative vision.
Indian Real EstateCredaiLand ReformsAffordable HousingSustainable DevelopmentReal EstateSep 14, 2025
Credai, representing more than 13,000 developers, emphasizes that the future of Indian real estate is not just about constructing buildings but about building communities, livelihoods, and aspirations. National President Shekhar Patel highlighted the importance of the real estate sector in achieving India's goal of becoming a developed nation by 2047.
The report outlines a framework comprising nine key pillars aimed at making the Indian real estate sector globally competitive. These pillars are designed to address various aspects of the industry, from land reforms to skill development and ease of living.
One of the primary pillars is land reform, which includes the need for conclusive land titling through the Land Titling Act. Credai also advocates for the creation of a unified national digital land register to enhance transparency and accessibility. To promote affordable housing, the report suggests the creation of land banks and the development of 100 'cities of tomorrow'.
Ease of doing construction is another crucial pillar. Credai proposes transforming building plan approvals through digitization, transparency, and time-bound processing. The association also calls for the rationalization of development and approval charges and the establishment of dedicated funds for infrastructure financing, including government-backed infrastructure and housing bonds.
The report emphasizes the need for slum redevelopment and the promotion of green buildings. It advocates for the adoption of new technologies in all aspects of the real estate sector, from construction to customer relationship management. This technological integration is essential for enhancing efficiency and sustainability.
Skill development and labour welfare form the eighth pillar. Credai suggests state-led demand assessments and trade-specific training infrastructure. The association also proposes reforms in labour cess utilization to directly benefit workers.
The final pillar, ease of living, focuses on celebrating cultural uniqueness and heritage in all major urban centres. It promotes citizen-driven governance models and the incorporation of climate resilience into urban infrastructure.
Credai has called for the establishment of high-level committees at the Prime Minister's level and state-level war rooms to oversee the phased implementation of these initiatives. Together, these pillars chart a path toward a transparent, sustainable, inclusive, and technologically advanced real estate and urban development ecosystem fit for India's ambitious future.
Frequently Asked Questions
What is Credai's Vision 2047?
Credai's Vision 2047 is a comprehensive framework to transform the Indian real estate sector by 2047. It aims to make the sector globally competitive through land reforms, ease of doing business, skilling, and new city developments.
What are the key pillars of Credai's Vision 2047?
The key pillars of Credai's Vision 2047 include land reforms, ease of doing construction, affordable housing, slum redevelopment, green buildings, adoption of new technologies, skill development, labour welfare, and ease of living.
How does Credai propose to promote affordable housing?
Credai proposes to promote affordable housing through the creation of land banks and the development of 100 'cities of tomorrow'. These initiatives aim to provide more affordable living options for the population.
What role does technology play in Credai's Vision 2047?
Technology plays a significant role in Credai's Vision 2047. The report advocates for the adoption of new technologies in all aspects of the real estate sector, including construction, customer relationship management, and infrastructure development.
How does Credai plan to enhance skill development in the real estate sector?
Credai plans to enhance skill development through state-led demand assessments and trade-specific training infrastructure. The association also proposes reforms in labour cess utilization to directly benefit workers.
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