NAREDCO Chairman Dr. Niranjan Hiranandani Highlights Trust, Housing Affordability, and Urban Expansion at 17th National Convention

The 17th National Convention organized by the National Real Estate Development Council in the capital brought together key voices from the real estate industry, government bodies, and policy circles. During an exclusive interaction with TEN NEWS NETWORK, Dr. Niranjan Hiranandani, Chairman of NAREDCO, shared insights on critical challenges such as project delays, affordability concerns, smart city initiatives, and the larger vision of building a “Viksit Bharat.”

Rebuilding Confidence in Real Estate Through Delivery and Transparency

Addressing long-standing issues faced by homebuyers like delayed possession, compromised construction standards, and lack of clarity Dr. Hiranandani stressed the importance of aligning industry practices with regulatory frameworks.

He highlighted that NAREDCO is working closely with the government and the Ministry of Housing and Urban Affairs to strengthen the implementation of the Real Estate Regulatory Authority. According to him, RERA is no longer viewed solely as a regulatory mechanism but as a framework that also promotes growth and structured development.

He acknowledged that delays, especially in regions like the National Capital Region, have been a significant concern. However, ongoing collaboration with authorities aims to ensure developers honor timelines while also improving construction standards and overall urban planning.

Affordable Housing Remains a Key Challenge

Speaking on the imbalance between housing demand and supply, particularly in the affordable segment, Dr. Niranjan Hiranandani admitted that achieving true affordability across all sections is still a work in progress.

Despite the challenges, he reiterated that the goal remains to provide housing for every segment of society. NAREDCO continues to support initiatives such as the Pradhan Mantri Awas Yojana and is actively exploring solutions to make affordable housing more feasible.

He pointed out that high land costs and regulatory complexities remain major hurdles. However, continuous engagement with the government is focused on simplifying processes and improving ease of doing business within the sector.

Smart Cities and Infrastructure: A Collaborative Approach

As India accelerates its urban transformation, Dr. Hiranandani emphasized the role of partnerships between the public and private sectors in shaping future-ready cities.

He noted that NAREDCO is actively involved in supporting infrastructure development across both central and state levels. Using Mumbai as an example, he mentioned large-scale developments such as over 300 km of upcoming metro rail networks, airport expansions, coastal road projects, and improvements in water supply systems.

Significant investments, especially in major urban hubs, are paving the way for a more connected and efficient urban ecosystem. These initiatives, he explained, are integral to achieving the broader vision of a developed India.

A Holistic Vision for Multi-Sector Growth

Discussing the broader outcomes of the convention, Dr. Niranjan Hiranandani emphasized that the focus extends beyond just real estate.

He explained that discussions covered a wide spectrum including housing, infrastructure, education, healthcare, and sustainability. According to him, all these sectors are interconnected and must progress together to achieve balanced development.

The convention served as a platform for deep reflection and collaborative planning, highlighting the need for a unified approach to national growth.

Conclusion

The NAREDCO 17th National Convention underscored the evolving dynamics of India’s real estate sector. With leaders like Dr. Niranjan Hiranandani advocating for accountability, innovation, and stronger collaboration, the industry is moving toward a more structured and transparent future.

As India stands at a crucial stage of urban and economic transformation, the emphasis on trust, affordability, and integrated development will play a defining role in shaping the nation’s growth trajectory.

FAQs

1. What was the focus of the 17th NAREDCO National Convention?

The convention focused on key real estate challenges such as project delays, housing affordability, smart city development, and overall urban growth strategies.

2. What did Dr. Niranjan Hiranandani says about project delays?

He acknowledged that delays have been a major issue, especially in certain regions, but emphasized ongoing efforts with the government to ensure timely project completion and improved quality.

3. Is affordable housing achievable in India currently?

According to Dr. Hiranandani, achieving complete affordability across all segments remains a challenge, but efforts are ongoing through initiatives and policy support.

4. How is NAREDCO contributing to smart city development?

NAREDCO is collaborating with central and state governments to support infrastructure projects like metro expansion, airport development, and urban planning initiatives.

5. What is the broader vision discussed at the convention?

The vision includes a holistic development approach where housing, infrastructure, healthcare, education, and sustainability progress together to build a developed India.