At the 17th National Convention of NAREDCO in New Delhi, Maharashtra’s Minister of State, Meghana Sakore Bordikar, emphasized the state’s commitment to shaping policies that align with the fast-changing housing and infrastructure landscape. While she assured that progressive measures are being planned, she clarified that no decision has yet been taken regarding a reduction in stamp duty rates.
Industry Push for Accelerated Growth
NAREDCO Chairman Niranjan Hiranandani highlighted the need for the real estate sector to expand at 15% annually if India aims to achieve developed nation status by 2047. He called for a comprehensive roadmap that includes town planning, water management, sewage networks, and industrial support to fuel sustained growth.
Water Security as a Priority
The Maharashtra government is also placing a strong focus on water security projects. Initiatives include the revival of ponds, enhancing water yield, and expanding river-linking efforts in collaboration with the Centre. Subsidy-backed infrastructure projects are in the pipeline to ease water shortages and improve basic amenities across the state.
Calls for Policy Clarity and Collaboration
From the industry’s side, Smita Patil, President of NAREDCO-MAHI, urged the state to design policies that address existing gaps in real estate and strengthen partnerships between developers and the government. She stressed that coordinated efforts could significantly accelerate housing and infrastructure growth.
Similarly, Prashant Sharma, President of NAREDCO Maharashtra, welcomed the state’s investor-friendly stance but underlined the need for clear regulations, policy consistency, and streamlined processes to attract more investors. With robust planning and water-focused initiatives, he said, Maharashtra is well-positioned to reinforce its status as a leading real estate hub.
