Union Home Minister Amit Shah said on Friday that the Modi government built a solid base for top-notch infrastructure and city growth. He asked the real estate field to help reach the Viksit Bharat goal by 2047.
At CREDAI’s national meet in Delhi, Shah noted Prime Minister Narendra Modi aims to make India the top country in every area by 2047. In the last 11 years, the government pushed major projects on modern infrastructure. This boosted city growth and the economy.
The minister pointed to the National Infrastructure Pipeline. It improved city setups and charts a path for India to match the world’s best. He said steady changes and fixes to roadblocks sped up growth in all sectors, real estate too.
Shah praised CREDAI for building trust in developers. It pushes fair ways and strict rules. The group speaks for about 13,000 builders in 230 cities across 21 states. It helped turn real estate into a true industry.
India’s city life will hit 40 percent by 2035 and near 50 percent by 2047. Developers must meet housing demands. Shah called on CREDAI to plan cheap, green homes for city needs. Big builders should focus on low-cost units.
For lasting growth, he pushed green building rules, rainwater collection, water reuse, smart waste handling, and low-energy plans as standard. Developers should add more green spaces. This aids nature and tree planting.
On government fixes, Shah said RERA stands out worldwide. It guards buyers, adds clear rules, and raises build quality. Over 1.55 lakh projects and 1.10 lakh developers signed up under it nationwide.
Real estate gained from GST changes, Shah added. Tax cuts on cheap homes, build supplies, and inputs lowered costs. Full FDI on auto approval and a Rs 60,000 crore urban housing fund boosted the field more.