SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Home Minister urges developers to add green spaces and upskill workers

#Law & Policy#India
Last Updated : 23rd Dec, 2025
Synopsis

Union Home Minister Shri Amit Shah has called on real estate developers to prioritise green spaces in project planning and invest in skill development for construction workers, linking both to sustainable urban growth. Speaking at an industry conclave, he highlighted the expanding role of real estate amid rapid urbanisation. Shah said the Real Estate (Regulation and Development) Act has strengthened transparency, construction quality, and buyer confidence despite early concerns. He also pointed to reduced GST rates on key building materials, noting that lower costs can translate into better amenities for homebuyers. Emphasising cooperation, he urged developers to engage constructively with government reforms, stating that responsible development will unlock long-term opportunities for the sector.

Union Home Minister Shri Amit Shah has urged real estate developers to incorporate adequate green spaces in their project designs and focus on skill development for labourers, stating that both aspects were essential for sustainable urban growth. Speaking at a conclave organised by the real estate industry, he underlined the sector's growing role amid rapid urbanisation across the country.


Highlighting regulatory reforms, Shah said the Real Estate (Regulation and Development) Act had significantly improved the functioning of developers while protecting the interests of homebuyers. He noted that although there were apprehensions when the law was introduced, its implementation had brought greater transparency, improved construction quality and enhanced credibility within the sector.

The minister also referred to reductions in goods and services tax rates on several building materials, stating that lower input costs could enable developers to offer better facilities to customers. He observed that regulations should not be viewed as restrictions, but as mechanisms that expand business opportunities and ensure improved outcomes for consumers.

Emphasising the importance of constructive engagement, Shah advised the industry to maintain dialogue with the government rather than oppose regulatory changes. He said the objective of reforms was to simplify processes for both businesses and buyers, adding that even future regulations should be approached in a positive spirit.

Shah further noted that ongoing urbanisation trends were expected to generate substantial opportunities for the real estate sector in the years ahead, reinforcing the need for responsible development practices that balance growth, sustainability and consumer interest.

Source - PTI

Have something to say? Post your comment