The 17th National Convention of NAREDCO, the real estate developers’ body, was held in the capital this week, bringing together industry leaders, policymakers and investors to discuss growth, regulatory consistency and the future of housing in India.
Addressing the gathering, Smt. Meghana Sakore Bordikar, Minister of State for Housing, Government of Maharashtra, said the State would work to align housing and infrastructure policies more closely with the requirements of the real estate sector. She told the convention that supportive policies are essential to ensure both affordability and growth, and stressed that Maharashtra is committed to providing that stability.
NAREDCO leaders said the industry could achieve annual growth of around 15 percent if it has policy predictability and steady financing support. They also spoke of the need for sustainable construction practices and infrastructure that keeps pace with demand in urban and semi-urban markets.
Delegates at the convention noted that India’s housing sector is entering a period of transformation, shaped by demand from a younger population, urbanisation and changing financing models. They said forums like the NAREDCO convention provide a platform for open discussion between government representatives and industry players.
For both policymakers and developers, the message from the 17th convention was clear: long-term growth in housing and real estate will depend on steady policy alignment, sustainable practices and collaborative engagement between the State and the industry.
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