Union Home and Cooperation Minister Amit Shah recently addressed the Confederation of Real Estate Developers’ Associations of India (CREDAI) National Conclave 2025 in New Delhi, highlighting the significant progress made in developing next-generation infrastructure over the past 11 years. He cited flagship initiatives such as the National Infrastructure Pipeline, Bharatmala, Sagarmala, and Parvatmala, which have strengthened urban development and positioned India as a leading infrastructure country. These initiatives have delivered positive results, and Shah urged developers and industry bodies to work towards sustainable and responsible growth.
Shah emphasized the importance of incorporating green building norms, energy-efficient design, water recycling, and scientific waste management into the housing sector. He also highlighted the impact of the Real Estate Regulatory Authority, which has protected home buyers’ interests, improved transparency in property deals, and enhanced construction quality. Additionally, the real estate sector has benefited from next-generation GST reforms, with reduced taxes on building materials such as cement, marble, and granite, resulting in a potential 5-7% reduction in construction costs.
Union Minister for Environment, Forest and Climate Change, Bhupender Yadav, also spoke at the event, emphasizing the critical role of the real estate sector in shaping India’s economic growth, urban future, and quality of life. He noted that the sector has a significant impact on energy use, water consumption, waste generation, air quality, and urban heat, making it central to India’s climate commitments, including the Net Zero target by 2070. Yadav stressed that sustainability is no longer optional but a necessary foundation for future-ready development.
Yadav called for climate-resilient urban planning, including flood-resilient layouts, heat-adaptive materials, increased green cover, and sustainable mobility solutions. He emphasized the need for the real estate sector to adapt to the growing impacts of climate change on cities. Overall, the event highlighted the importance of sustainable and responsible growth in the real estate sector, with a focus on incorporating green building norms, energy-efficient design, and climate-resilient urban planning to achieve India’s climate commitments and position the country as a leader in infrastructure development.