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At the 17th NAREDCO National Convention held in Delhi past week, Maharashtra's Minister of State, Meghana Sakore Bordikar, assured industry stakeholders that the State Government would work towards framing infrastructure and housing policies in line with evolving requirements. She confirmed that proposals on town planning, water management, and industry incentives would be considered, while remaining cautious on demands for stamp duty rationalisation. With sustainability and water resource development high on the agenda, industry leaders highlighted the need for consistency, transparency, and policy support to achieve long-term growth.
The Government of Maharashtra conveyed its commitment to developing favourable infrastructure and housing policies during the 17th NAREDCO National Convention held in Delhi past week. Meghana Sakore Bordikar, Minister of State, said the administration would make every possible effort to frame policies that address current needs of the real estate and infrastructure sectors. Advertisement
The Minister stated that recommendations presented at the conclusion of the two-day convention - which focused on town planning, sewage and water management, recycling of water, and industry incentives - would be duly evaluated by the State Government. However, she refrained from giving any assurance on rationalising stamp duty, explaining that while immediate changes could not be promised, the Government was already pursuing progressive infrastructure-led initiatives under the present regime.
Addressing sustainability, the Minister underlined that Maharashtra was prioritising measures to tackle water scarcity through revamping of water resources and ponds, as well as promoting river connectivity with support from the Central Government. She further indicated that subsidies for primary infrastructure and basic amenities would remain a key focus.
Industry leaders reinforced the need for stronger policy interventions. Smita Patil, President of MAHI, NAREDCO, urged the Government to extend comprehensive support to bridge gaps and ensure inclusive growth in real estate and housing. Dr. Niranjan Hiranandani, Chairman of NAREDCO, stressed the need for a new blueprint for infrastructure policies, while noting that the housing and real estate sector would need to sustain annual growth of at least 15% for India to achieve developed-nation status ahead of 2047.
Prashant Sharma, President of NAREDCO Maharashtra, welcomed the Government's approach to progressive, infrastructure-led policies. He highlighted that consistency, transparency, and ease of doing business were essential to boost investor confidence. He added that with targeted efforts in town planning, water management, and sustainability, Maharashtra could strengthen its position as a leading real estate hub, with NAREDCO Maharashtra committed to supporting this vision.
The two-day convention, themed "India Builds: Reimagining Growth through Real Estate and Infrastructure", brought together policymakers, economists, and stakeholders from across the country to deliberate on real estate, housing, infrastructure, and policy reforms. The discussions sought to accelerate sectoral growth and contribute towards India's ambition of becoming a developed economy by 2047.
Industry leaders called for policy clarity and consistent support to encourage investment and growth. With a combined focus on inclusivity, sustainability, and transparency, Maharashtra aims to strengthen its real estate sector while aligning with India's long-term developmental goals.
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