CREDAI’s key role in Vision 2047
With India embarking on its journey to become a developed nation by 2047, the real estate sector stands at the forefront as both the backbone and the catalyst for this economic transformation. Beyond buildings and infrastructure, this sector brings jobs, investments, and comprehensive urban ecosystems. Together, these factors shape how over a billion people will live, work, and grow.

In this context, the Confederation of Real Estate Developers’ Associations of India (CREDAI) has a crucial role to play. With over 13,000 developers across 230 city chapters and 20 state chapters, there is no doubt that CREDAI is more than just an industry body. It effectively serves as a bridge, a voice, and a thought leader for India’s real estate ecosystem.

Why is CREDAI key to Vision 2047?
CREDAI is a national voice with local roots. It connects the aspirations and ambitions of developers, homebuyers, and urban stakeholders to national policy-making. By driving reforms that protect consumers and benefit everyone, CREDAI plays a vital role in ensuring the real estate industry functions smoothly without disruptions.

Its advocacy for tax incentives such as Section 80-IB for affordable housing, support for GST rationalisation in construction, promotion of RERA implementation to enhance transparency, backing of REIT and FDI reforms to attract investments, and efforts towards improving infrastructure conditions and rationalising stamp duty have all been landmark policy interventions. Over the past few years, these measures have helped transform India’s real estate sector into one that is more transparent, efficient, and investor-friendly.

Resolving bottlenecks in approvals
One of the biggest challenges in the real estate sector has been delays in securing approvals. In this context, CREDAI has played a crucial role in pushing for the streamlining of approval processes, digitisation of land records, modernisation of financing and tax systems, cost reduction, and overall improvement in the ease of doing business.

A catalyst for sustainable urban growth
As India continues to urbanise, the challenge is not just to build more houses, but to create affordable, sustainable, and high-quality homes. CREDAI has the capability to bring in frameworks for green building norms aligned with global best practices, smart cities, and affordable housing models.

CREDAI Roadmap for 2047
In relation to Vision 2047, CREDAI can lead the way across seven key areas. They are:

Policy recommendations → Creating faster, transparent, and digital approval systems.
Housing affordability → Ensuring every Indian has a home by 2047.
Sustainability → Promoting energy efficiency and environmentally friendly construction.
Skill development → Empowering India’s vast construction workforce.
Investment facilitation → Connecting developers with domestic and global capital.
Technology adoption → Driving PropTech, AI, BIM, and digital platforms.
Consumer trust → Strengthening RERA frameworks and focusing on dispute resolution.

India’s dream of becoming a 30-trillion-dollar economy by 2047 cannot be realised without a strong and inclusive real estate sector. In this context, CREDAI carries both the responsibility and the opportunity to act not only as an industry representative and a catalyst for reform but also as a driving force for social equity, environmental balance, and urban resilience beyond just real estate’s contribution to GDP.

By 2047, nearly 50% of India’s population will live in cities. Whether these cities evolve into models of growth and sustainability or turn into centres of inequality will depend largely on how the real estate sector develops. By standing at the centre of this transformation in its scale, credibility, and vision CREDAI will guide India’s real estate sector toward transparency and global leadership.

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