CREDAI outlines sustainability plan and clears 60% of Kolkata projects

CREDAI sustainability roadmap Kolkata project clearance real estate sector India

The Confederation of Real Estate Developers’ Associations of India (CREDAI) held its first General Body Meeting for FY 2026–27 in Mamallapuram, Tamil Nadu, where it presented a strategic roadmap that expands the sector’s focus to sustainability, technology and workforce welfare. The plan includes a Green Bharat Mission with 6,000 acres of plantation in the Western Ghats, a 150‑acre ecological restoration project in NCR, and skill‑development programmes that have formally trained over 2,500 construction workers and reached more than 37,600 through outreach events. CREDAI also announced partnerships with academic institutions to explore AI‑enabled drone technology for fire safety and faster project approvals.

In West Bengal, CREDAI president Sushil Mohta said that about 60 % of nearly 600 real‑estate projects under scrutiny in Kolkata are expected to receive clearance within days, with most of the remainder likely cleared before the August 15 deadline. The scrutiny, triggered by a warehouse collapse, required revalidation of approvals for projects above four floors. The sector contributes roughly ₹20 trillion in annual investment, ₹7 trillion in tax revenue and supports around five million livelihoods, underscoring the economic importance of the clearances.

Entities: Apurva Salarpuria · Confederation of Real Estate Developers’ Associations of India (CREDAI) · Narendra Modi · Shekhar Patel · Sushil Mohta

Sources

CREDAI Charts Roadmap Beyond Construction at General Body Meeting Mamallapuram, August 7, 2026: The Confederation of Real Estate Developers’ Associations of India (CREDAI) convened its first General Body Meeting for FY 2026–27 in Mamallapuram, Tamil Nadu, establishing a strategic roadmap that expands the real estate sector’s focus beyond basic construction toward sustainability, technology, and workforce welfare. The national meeting brought together CREDAI National Office Bearers, State Presidents, Committee Conveners, and over 125 members from across the country to review progress and set priorities. Key focus areas included legal affairs, finance, research, urban planning, and policy advocacy. During the proceedings, the apex real estate body reaffirmed its commitment to supporting the country's Viksit Bharat 2047 vision articulated by Prime Minister Narendra Modi, while pledging continued engagement with governments on taxation, approval reforms, ease of doing business, and affordable housing, CREDAI said in a press release. Environmental sustainability formed a core pillar of the discussions under CREDAI’s Green Bharat Mission. The organisation highlighted the completion of plantation and conservation work across 6,000 acres in the Western Ghats region of Maharashtra near Nashik district, alongside CREDAI NCR's ongoing 150-acre Matri Van ecological restoration project. Similar regional chapters across the country are currently undertaking local conservation efforts in collaboration with municipal bodies and state governments. Addressing labor welfare and capacity building, the association underscored its ongoing skill development initiatives for construction workers. During the current financial year, CREDAI provided formal skill training to over 2,500 construction workers, while reaching more than 37,600 workers through Labour Day and Gratitude Week initiatives aimed at enhancing employability and workplace opportunities. To foster smart city development and site safety, CREDAI also detailed new partnerships with academic institutions and state governments to explore digital solutions, including AI-enabled drone technology for fire safety, faster project approvals, and modern construction techniques. “The role of the real estate sector has expanded significantly in recent years. While catalysing urban growth, the industry is contributing to skill development, sustainability, technology adoption and community welfare. As the apex body representing the sector, CREDAI will continue to encourage these initiatives, facilitate collaboration and work with governments to support planned urbanisation and sustainable city development,” said Shekhar Patel, President, CREDAI. The assembly concluded with CREDAI reasserting its intention to serve as a long-term partner in national development, aligning private sector real estate growth with sustainable and future-ready urban infrastructure. [realtynmore.com]

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60% of nearly 600 realty projects under scrutiny in Kolkata likely to get clearance soon: CREDAI [torbitrealty.com]

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