Delhi Chief Minister Rekha Gupta has urged National Real Estate Development Council (NAREDCO) to come up with Public Private Partnership (PPP) models for the state’s holistic development, while the realtors’ body has sought a more streamlined approval process to boost supply of housing and commercial properties.
Chief Minister Rekha Gupta was addressing real estate developers on August 1 at the curtain raiser of NAREDCO’s 17th national convention, scheduled for August 29-30 in New Delhi.
“We urge the industry members and developers to come up with the PPP models for developing state of the art hospitals, schools, shopping malls, accommodations and infrastructure and the government will give the full policy and funding support. Our vision is to convert all the slums in Delhi into permanent homes,” Rekha Gupta said.
The chief minister added that the state government just needs two years to revamp Delhi and cover past 10 years’ developmental backlog.
“We are in the process of simplifying the licensing system so that with strong state and industry coordination we can make Delhi as a high-tech capital city. With a double-engine government, we will propel Delhi towards double-digit growth, ensuring a prosperous future for its citizens," Rekha Gupta said.
At the convention themed “Resilient India: Inclusive, Sustainable, and Future-Ready” Minister of Housing and Urban Affairs, Manohar Lal will be the chief guest.
NAREDCO President G Hari Babu raised the issue of slow approvals for real estate projects, that drive up cost and cause delays, and called on central and state governments to simplify the system with a faster process for registration certificates.
“We’re at a tipping point where growth, regulation, and innovation must align. The sector’s ability to attract global capital, improve last-mile project delivery, and serve end-users depends on how quickly we resolve policy friction points like delays in approvals, inadequate rental frameworks, and high construction input costs,” he said.
Niranjan Hiranandani, Chairman, NAREDCO, said that urban planning is now central to India’s economic strategy. With construction accounting for a large portion of carbon emissions, the real estate sector must move from conventional approaches to smart, sustainable models.
Hiranandani also voiced concern over declining affordable housing sales, citing high land costs as a major hurdle for private builders. He also pointed at the shortage of skilled construction workers and urged a collaboration between the government and industry to train unskilled labour.
“Currently we have a shortage of 2 million skilled workers and in next five years this gap is expected to widen to the shortage of 5 million skilled workers. We can address this problem by collaboration between the government and industry to train the unskilled labour,” he said.
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