Fast-Tracking Real Estate Growth: NAREDCO Advocates Speedy Approvals

Driving a Real Estate Revolution: NAREDCO’s Vision

In the bustling heart of India’s property sector, a pressing need finds voice through the National Real Estate Development Council NAREDCO. At a vibrant press gathering, Chairman Niranjan Hiranandani and President G Hari Babu painted a picture of both challenge and opportunity—one where the gears of government approval must turn faster to fuel the nation’s housing and commercial dreams.

Hiranandani’s concerns echo through every builder’s blueprint—rising land costs loom over affordable housing, threatening dreams of homeownership for countless Indian families. He points with clarity to a deeper issue—a gap between job seekers and the acute shortage of skilled construction workers. The council envisions public-private partnerships as a bridge, transforming unskilled hands into architects of the nation’s future.

Streamlining Approvals: The Path to Progress

• Streamlined project approvals from central and state authorities
• Faster registrations with real estate regulatory bodies
• Focus on slum redevelopment across all states for new land parcels
• Collaborations for construction workforce upskilling

G Hari Babu addresses another critical barrier: the labyrinth of delayed certificates. Each day lost in bureaucracy postpones fresh beginnings for home-buyers and entrepreneurs alike. He emphasizes that while land remains a constraint for private players, government-led projects can unlock immense possibilities, especially through transformational slum redevelopment initiatives.

Rising costs of construction inputs and policy friction dampen sectoral momentum. Yet, the upcoming NAREDCO flagship convention offers hope—a space where policymakers, industry leaders, and visionaries unite. With over 1,000 participants expected, the event embodies the sector’s drive to attract global investment, spur timely completion, and foster robust frameworks for both rental and owned properties.