Written by Ai Powered PMC Akbar Jiwani
Special Correspondent : Realestate
REALTY SECTOR TO CONTRIBUTE 13% OF INDIA’S GDP BY 2030, SAYS UNION MINISTER KISHAN REDDY
RERA, GST 2.0 and record infrastructure spending seen driving the next phase of housing growth
HYDERABAD: India’s real estate sector is set to nearly double its share of the national economy, rising from about 7% of GDP today to 13% by 2030, Union Minister for Coal and Mines G. Kishan Reddy said on Monday.
Speaking at the concluding session of the 16th Telangana Property Show, organised by NAREDCO in Hyderabad, the minister described home ownership as a dream for every Indian that brings financial security, and said the sector is central to India’s ambition of becoming a $30-trillion economy by 2047.
RERA AND TRANSPARENCY
Reddy said the Real Estate (Regulation and Development) Act has improved transparency and accountability in the sector. Telangana has registered nearly 10,000 projects and 4,000 agents under RERA. He added that India entered the top 30 of the Global Real Estate Transparency Index 2026 for the first time.
GST 2.0 AND CONSTRUCTION COSTS
The minister said the GST 2.0 reforms have reduced construction costs by 3-5%. He urged NAREDCO members to ensure that these savings are passed on to homebuyers.
INFRASTRUCTURE PUSH
Citing the infrastructure backbone behind property growth, Reddy said national highways have expanded 61% in 12 years, with about 34 km built every day. Operational airports have risen from 74 in 2014 to 165, and railway electrification has reached 99% nationally. The Union Budget 2026-27 allocates Rs 12.22 lakh crore for capital expenditure. He also pointed to central support for states, including over Rs 4 lakh crore in 50-year interest-free loans under the SASCI scheme and a Rs 1 lakh crore Urban Challenge Fund.
HYDERABAD IN FOCUS
Reddy highlighted the Regional Ring Road and Outer Ring Rail projects and called for transit-oriented development combining housing, commercial space and public transport. He said Hyderabad compares favourably with Mumbai, Noida, Delhi and Bengaluru as a property market, and urged strict action against land mafias.
CALL TO DEVELOPERS
The minister urged developers to adopt AI, IoT and data analytics for planning and demand assessment, use prefabricated construction to cut build times, and prioritise sustainable buildings and strict safety standards.
THE AFFORDABILITY CHALLENGE
The optimism comes alongside a warning from within the industry. Developer Niranjan Hiranandani, speaking at News18’s Rising Bharat Summit, noted that homes priced below Rs 50 lakh fell to 17% of new supply in the eight largest cities in 2025, from 52.4% in 2018, per the Economic Survey 2025-26. He has urged incentives for rental housing built by corporates, banks and charitable trusts.
With regulation maturing, taxes easing and infrastructure expanding, the sector’s growth path looks strong, but delivering affordable homes will be the real test.
