Regulatory compliance will be critical for India's real estate sector as it expands into new asset classes, Anand Kumar, Chairman of AIFORERA and Delhi RERA, said on Friday. He said RERA had restored trust among homebuyers, investors and developers, but sustained growth would depend on every stakeholder complying with the Act.
"RERA has played a significant role in restoring trust among homebuyers, investors and developers. However, every stakeholder must fully understand and discharge their responsibilities under the law to ensure sustainable growth of the sector," Kumar said while addressing the NAREDCO Real Estate Conclave 2026 in New Delhi.
As of early 2026, RERA regulates more than 1.15 lakh registered real estate projects and 85,000 registered real estate agents across the country, underscoring its expanding role in improving transparency and accountability in the property market.
Kumar said the sector's expansion into commercial real estate, data centres, senior living and alternative investment segments has made compliance increasingly important. He also highlighted the need for long-term urban planning, technology adoption, cost-efficient development models and workforce skilling to improve productivity.
AI Adoption, Policy Support In Focus
Calling for closer coordination between policymakers and developers, Niranjan Hiranandani, Chairman of NAREDCO, said the next phase of growth in India's real estate sector would depend on technology adoption, sustainable construction and stronger government-industry collaboration.
"The next phase of growth will be driven by AI, digital technologies, industrialised construction, sustainability and deeper collaboration between government and industry," Hiranandani said.
The growing focus on AI comes as an EY-Parthenon-CREDAI report estimates the technology could add USD 14-17 billion to the real estate sector's Gross Value Added over the next seven years, equivalent to a 3-4 per cent increase in sectoral value. The report also projects AI could contribute USD 359-438 billion to India's GDP by 2030.
Construction Skill Shortage Remains A Challenge
India's construction sector is estimated to require around 2 million additional skilled workers to meet current demand as housing and infrastructure development gathers pace. The shortage is emerging as a constraint on project execution and productivity.
Commenting on the issue, Hiranandani said the industry faces an acute shortage of skilled construction workers and called for coordinated efforts by the government, industry and educational institutions to strengthen workforce training and bridge the gap.
He said strengthening workforce skills would be critical to supporting technology-led construction and meeting the sector's long-term growth requirements. Hiranandani added that the next five years could prove more transformative for Indian real estate than the previous 25 years. |
