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Union minister Nitin Gadkari has said that construction and real estate design must be aligned with the purchasing power of the general public, asserting that the country's most pressing requirement is low-cost and affordable housing. Speaking at a design-focused industry event in Nagpur, Gadkari underlined the role of real estate as one of the fastest-growing sectors of the economy, contributing significantly to employment generation and government revenues through GST. He noted that while the sector continues to expand rapidly, there is a need for greater focus on cost efficiency in construction. Gadkari also emphasised the importance of innovation, research and new design approaches, stating that these elements could help the industry reduce production costs while meeting the housing needs of a wider section of society.
Union minister Nitin Gadkari has called on the real estate and construction industry to prioritise housing designs that reflect the purchasing power of end users, stating that India's most immediate requirement is the creation of low-cost and affordable homes. Advertisement
Addressing a gathering at the Design Showcase and Confluence 3.0 organised by the Indian Institute of Interior Designers in Nagpur, Gadkari said that while real estate remains among the fastest-growing sectors in the country, its future growth must be closely aligned with social and economic realities. He pointed out that the sector plays a critical role in job creation and is a major contributor to state and central revenues through the goods and services tax (GST).
According to the minister, construction planning should not be driven solely by aesthetics or high-end specifications, but by a clear understanding of what the majority of buyers can afford. He said the emphasis should be on delivering housing solutions that are accessible to a larger segment of the population, particularly in urban and semi-urban markets where demand for affordable housing continues to outstrip supply.
Gadkari also urged industry stakeholders to examine ways to reduce the overall cost of production. He suggested that efficiency in construction processes, smarter material usage and better project planning could help bring down costs without compromising on safety or basic quality standards. He indicated that cost reduction would be essential if the sector is to respond meaningfully to the housing needs of middle- and lower-income groups.
Highlighting the role of design professionals, the minister stressed the importance of innovation, research and new design thinking in the built environment. He said that advances in design and construction technology could help the industry address long-standing challenges related to affordability and scalability.
The remarks come at a time when housing affordability has emerged as a key policy and market concern, particularly as input costs and land prices continue to rise across major cities. Gadkari's comments reinforce the growing view within policy and industry circles that sustainable growth in real estate will depend not only on volume and scale, but also on the sector's ability to deliver homes that are financially accessible to the broader population.
Source - PTI
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