INVITATION
NATIONAL URBAN AND REAL ESTATE DEVELOPMENT CONCLAVE 2026
Dear Industry Leaders and Colleagues,
Heartiest Greetings to All from NAREDCO!
We are pleased to invite you to the National Urban and Real Estate Development Conclave 2026, scheduled for 13th and 14th February 2026, at Yashobhoomi, New Delhi. This event will convene influential stakeholders from India’s real estate landscape including government dignitaries, visionary industry leaders and seasoned professionals, to engage in strategic dialogues on the evolving dynamics of this critical sector.
The conclave will serve as a distinguished platform to explore the pivotal role the real estate sector plays in shaping India’s economic trajectory. Through insightful discussions and collaborative sessions, we aim to foster transformative ideas and actionable strategies that drive growth, innovation and sustainability across the industry.
As India accelerates towards urban transformation, the agenda will spotlight themes defining the future of real estate. Discussions will delve into transit-oriented development (TOD) and sustainable renewal as a catalyst for business growth and livability. The agenda will also address the pressing need for regulatory reforms in RERA and its alignment with the Insolvency and Bankruptcy Code (IBC) to create a synchronised compliance framework that enhances transparency and trust. Government incentives aimed at strengthening housing access will also form part of the discourse.
The discussions will also highlight the urgent need to revitalise India’s affordable housing pipeline by addressing supply constraints and improving project viability. Recognising the growing emphasis on accessible and sustainable housing credit, the conclave will feature a dedicated session on housing finance, focusing on seamless refinancing and alternative credit assessment to strengthen India’s housing ecosystem. Additionally, the dialogue will extend to digitised property transactions, highlighting how next-generation technologies such as artificial intelligence (AI) can enable a seamless, technology-driven real estate ecosystem.
In alignment with the vision of Viksit Bharat 2047, which aspires to position India as a fully developed nation by its centenary of independence, the conclave will shed light on how real estate can spearhead this transformation through smart cities, modern transit systems and inclusive housing that fosters economic dynamism and social equity.
Together, these themes underscore a vision for a resilient, transparent and technology-driven real estate ecosystem. We look forward to your presence at the gathering to share your unique perspectives and engage in meaningful dialogue. Let us collectively drive the growth and innovation that will define India’s real estate sector for decades to come.
Shri Narendra Modi
Hon’ble Prime Minister of India
The entire country is engaged towards the making of Viksit Bharat, we are working with a resolution to ensure that every citizen of India would have a pucca house in developed India.
Shri Manohar Lal
Hon’ble Minister
Ministry of Housing and Urban Affairs
Govt. of India
“Urbanisation is the pathway to Viksit Bharat. The country’s urban transformation must be citizen-centric, inclusive and sustainable. The government is committed to creating clean, healthy and prosperous cities.”
Shri Tokhan Sahu
Hon’ble Minister of State
Ministry of Housing and Urban Affairs
Govt. of India
“If we invest wisely in resilience, empower local governments and harness the potential of Public-Private-People Partnerships, our cities will not only be able to withstand crisis but also emerge as powerful engines of growth.”
NATIONAL URBAN AND REAL ESTATE DEVELOPMENT CONCLAVE 2026
India’s real estate sector is entering a defining phase, supported by steady economic expansion, rising urban aspirations and a supportive policy environment. The market is poised for significant long term growth, with projections indicating that it could reach USD5-7 trillion by 2047, with the potential to exceed USD10 trillion. This trajectory reinforces the pivotal role of the sector in shaping India’s development priorities as the country advances towards its Viksit Bharat 2047 ambition.
As India progresses on this path, urbanisation is expected to reach 40 per cent by 2035. By 2047, nearly 50 per cent of the population is projected to live in cities, intensifying the demand for well-planned and efficient urban ecosystems. Meeting this demand calls for a renewed emphasis on transit-oriented development and structured redevelopment to enhance mobility, optimise land productivity and elevate the quality of life in cities.
To enable this transformation, state-level planning and approval authorities must evolve through transparent decision-making processes and wider adoption of digital platforms, fostering a credible and efficient real estate ecosystem. Regulatory frameworks such as RERA need to strengthen their mandate through disclosure norms, centralised data access portals, faster dispute resolution and adoption of insurance surety bonds to improve developer cash flow and reduce systemic risks. Additionally, harmonising regulations with overlapping jurisdictions and frameworks is essential to reduce duplication and strengthen compliance.
These advancements will help boost institutional investment, which is reshaping India’s property landscape through emerging asset classes, stronger governance standards and enhanced transparency. Together, these developments signal a defining phase for the sector, an era where innovation, regulation and investment converge to build a resilient urban future.
The themes that are expected to transform the real estate sector in India in the times ahead. The prominent themes covered include:
- Role of Real Estate for Viksit Bharat@2047
- Advancing Housing Finance in India: Bridging Affordability and Financial Inclusion
- Sustainable Redevelopment of the City and Transit-Oriented Development (TOD)
- RERA Reforms in Housing Sector
- Strengthening RERA, Boosting Affordable Housing and Promoting Rental Housing
- Policies and Regulations: What Next
- Adoption of Green Building and Construction Technology: Challenges and Opportunities
- Building a Smart Real Estate Ecosystem through PropTech Integration
KEY PARTICIPANTS
- Union Ministers, Senior Government Officials
- RERA Chairpersons from Different States
- Policy makers, Bureaucrats and Authorities
- Top Officials from Real Estate Companies (MDs / CEOs / Purchase Heads)
- Banks, Private Equity Funds, Pension Funds, Sovereign Wealth Funds,
- Asset Management Companies
- Investment Banks, Housing Finance Companies, Non-Banking Finance
- Architects, Engineers, Construction Contractors, Designers, Professional Services, Technology Providers
- Building Material Suppliers and Urban Planners
CHIEF GUESTS
Shri Manohar Lal
Hon’ble Minister
Ministry of Housing and Urban Affairs
Govt. of India
Shri Kinjarapu Rammohan Naidu
Hon’ble Minister
Ministry of Civil Aviation
Govt. of India
GUEST OF HONOUR
Shri Tokhan Sahu
Hon’ble Minister of State
Ministry of Housing and Urban Affairs
Govt. of India
Shri Rao Narbir Singh
Hon’ble Minister
Industries and Commerce
Govt. of Haryana
DISTINGUISHED GUEST
Justice Rajan Gupta
Hon’ble Chairman
Haryana Real Estate Appellate Tribunal
ESTEEMED DIGNITARIES
Shri Dayananda K A, IAS
Commissioner, Karnataka Housing Board (KHB)
Govt. of Karnataka
Dr. Debasish Prusty, IAS
Principal Secretary, Urban Development and Housing Department,
Government of Rajasthan
Shri Apoorva Kumar Singh, IAS
Additional Chief Secretary Town & Country Planning Govt. of Haryana
Shri Kuldip Narayan, IAS
Joint Secretary, Ministry of Housing & Urban Affairs, Government of India
Shri Srinivas Katikithala, IAS
Secretary, Ministry of Housing & Urban Affairs, Government of India
Smt. Veenu Gupta, IAS (Retd.)
Chairperson, RERA
Government of Rajasthan
Shri Satish Chandra, IAS (Retd.)
Chairman, RERA
Govt. of J & K
Shri Anand Kumar, IAS (Retd.)
Chairman, RERA
Govt. of NCT of Delhi
Shri Durga Shanker Mishra, IAS
Former Secretary,
Ministry of Housing,
& Urban Affairs, Govt. of India
and Chief Secretary, Govt. of UP
Shri Parneet S Sachdev, IRS (Retd.)
Chairman, RERA
Panchkula, Govt. of Haryana
Shri Sanjay R Bhoosreddy, IAS (Retd.)
Chairman, RERA
Government of Uttar Pradesh
Shri Shiv Das Meena, IAS (Retd.)
Chairman, RERA
Government of Tamil Nadu
Shri Dharmendra Sharma, IAS (Retd.)
Chairperson, RERA
Government of Goa
Shri Animesh Pandey, IAS (Retd.)
Secretary, RERA
Govt. of Bihar
Shri M A Gandhi, IAS
Member, RERA
Govt. of Gujarat
Shri Rakesh Kumar Goyal, IRS (Retd.)
Chairperson, RERA
Punjab
ORGANISING COMMITTEE
Shri Durga Shankar Mishra
IAS (Retd.)
Shri Anand Kumar
IAS (Retd.)
Dr. Niranjan Hiranandani
Shri Parven Jain
Shri Rajan N Bandelkar
Shri Kishore Bhatija
Shri Vineet Kanwar
Shri Ashok Patni
Shri Manoj Joshi
Shri Gaurav Jain
Shri Suresh D Patel
Shri Bharat Agarwal
Shri Pradeep Aggarwal
Shri Hitesh J Thakkar
Shri P Prem Kumar
Shri Manoj Kumar Tripathy
Shri PS Reddy
Shri Rajeev Talwar
ESTEEMED MEMBERS FROM GOVERNMENT & FINANCIAL INSTITUTIONS
Shri K. P. Mahadevaswamy
Chairman & Managing Director
NBCC (India) Limited
Shri Challa Sreenivasulu Setty
Chairman
State Bank of India
Shri N. Saravana Kumar
Vice Chairman
DDA
Shri Sanjay Kulshrestha
Chairman & Managing Director
HUDCO Limited
Shri Arvind Kumar
Executive Director
BMTPC
Shri Sanjay Shukla
Managing Director
National Housing Bank
Shri Hari Mohan Gupta
Chairman & Managing Director
Ircon International Limited
Shri Kumar Kuntal
Regional Manager
LIC Housing Finance Ltd
NAREDCO STATE LEADERS
Shri G Chakradhar
President
NAREDCO Andhra Pradesh
Shri Harsh Vardhan Bansal
President
NAREDCO Delhi
Shri Yogesh C. Bhavsar
President
NAREDCO Gujarat
Shri Parveen Jain
President
NAREDCO Haryana
Shri Shyam Mareddy
President
NAREDCO Karnataka
Shri Binoy Thomas
President
NAREDCO Kerala
Shri Vivek Dammanni
President
NAREDCO Madhya Pradesh
Shri Prashant Sharma
President
NAREDCO Maharashtra
Shri Manoj Kumar Tripathy
President
NAREDCO Odisha
Shri Ashok Patni
State Convener & Vice Chairman
NAREDCO Rajasthan
Shri Vijaya Sai Meka
President
NAREDCO Telangana
Shri Gnanasehar Devadason
President
NAREDCO Tamil Nadu
Dr. Aditya Shukla
President
NAREDCO Uttar Pradesh
Shri Manoj Joshi
President
NAREDCO Uttarakhand
NAREDCO NEXTGEN LEADERS
Youth Wing of NAREDCO
NAREDCO MAHI LEADERS
Women Wing of NAREDCO
Shri Jay Morzaria
Chairman
NAREDCO Nextgen
Shri Ravi Reddy
President
NAREDCO Nextgen
Dr. Ananta S Raghuvanshi
Chairperson
NAREDCO Mahi
Smt. Smita Patil
President
NAREDCO Mahi
IN COLLABORATION WITH
AIFORERA, or the All India Forum of Real Estate Regulatory Authorities, is an apex-level collaborative platform that brings together the various state Real Estate Regulatory Authorities (RERAs) from across India to improve regulation and transparency in the real estate sector. It focuses on harmonising regulatory practices, sharing best-in-class technology and processes among states, and developing unified systems—such as a proposed national portal—that allow homebuyers and other stakeholders to easily access information on projects and developers. By coordinating between state regulators and the central housing ministry, AIFORERA aims to strengthen implementation of the Real Estate (Regulation and Development) Act, enhance buyer protection, and support a more accountable and efficient real estate market nationwide.
KNOWLEDGE PARTNER
KPMG entities in India, are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Calicut, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Raipur, Trivandrum, Vadodara and Vijayawada.
KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focussed and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.
For more information, please visit our website kpmg.com/in
KEY THEMES OF THE SESSIONS
Role of real estate for Viksit Bharat @2047
India envisions becoming a developed nation by 2047, with the real estate sector playing a pivotal role by connecting housing, workplaces and infrastructure to wider economic opportunity and improved quality of life. With 36 per cent of the population residing in cities in 2025, urbanisation is advancing steadily and is expected to rise to around 44 per cent by 2050. Cities already account for over 60 per cent of GDP, driving sustained demand across residential, commercial, retail and industrial assets. Strengthening connectivity and logistics is enabling tier-II and tier-III cities to emerge as powerful growth centres. Government initiatives such as the National Infrastructure Pipeline and PM Gati Shakti are expanding viable development zones, while reforms such as RERA and programmes including Pradhan Mantri Awas Yojana (PMAY) are advancing transparency, affordability and modern urban living. Together, these developments would significantly accelerate India’s journey towards Viksit Bharat.
Key discussion points:
- Real estate as economic engine: Understand how the sector drives GDP growth, job creation and infrastructure delivery, then identify the policy alignment and capital frameworks required to scale responsibly.
- Future urban development: Assess the scale and pattern of urbanisation. Propose innovative development solutions to meet housing and lifestyle aspirations in tier-II and tier-III cities.
- Sector integrations with real estate: Map the reforms and programmes within infrastructure, logistics and industrial corridors to real estate. Additionally, understand how these linkages unlock new markets, improve project viability and create opportunities.
- Growing demand for tech-led infrastructure: Evaluate the pace at which data centres, tech parks and digital infrastructure are expanding across metros as well as tier two and tier three cities. Assess the opportunities for real estate growth and supporting urban infrastructure across the ecosystem.
- Rising need for ESG: Identify a new baseline for sustainable housing and urban development, from resource efficiency and circular construction to social outcomes, and also connect these priorities to India’s pathway toward net zero.
- Future-ready urbanisation and smart cities: Analyse the adoption of smart city principles, sustainable design and technology-driven planning to create resilient urban ecosystems aligned with demographic and economic imperatives.
Advancing Housing Finance in India: Bridging Affordability and Financial Inclusion
India’s housing finance ecosystem continues to face structural barriers that restrict affordability and limit credit access, particularly for informal sector households. Although the housing finance penetration is rising, stringent documentation requirements and widespread informal incomes prevent large sections from entering the formal credit market. High interest rates hinder refinancing and complex balance transfer steps limit lender competition. Additionally, unclear loan terms can expose homebuyers to financial risks, increasing market vulnerability. Government initiatives such as PMAY and Priority Sector Lending guidelines have strengthened the ecosystem, but gaps persist in credit innovation and regulatory harmonisation. Addressing these challenges requires coordinated reforms that balance risk management with financial inclusion, while ensuring sustainable and transparent growth.
Key solution areas as focus points for the discussion:
- Seamless refinancing: Provide no-cost, accelerated digital balance transfer options to help borrowers shift to better rates, reduce interest costs and manage their loans more flexibly.
- Construction-linked loan disbursal: Introduce clearer policies that link loan disbursals directly to RERA-verified construction milestones using existing escrow mechanisms.
- Alternative credit assessment: Leverage models that use diverse data sources, including digital footprints and behavioural patterns, to evaluate repayment ability for informal sector borrowers.
- Uniform lender practices: Adopt standardised communication across lenders to enhance clarity and trust, thereby strengthening the overall resilience of the credit system.
Sustainable Renewal of the City and Transit-Oriented Development (TOD)
Conventional development patterns often lead to urban sprawl, inefficient mobility and infrastructure stress, eroding productivity and global competitiveness. Indian metros face mounting urban challenges such as congested roads, fragmented land use and deteriorating livability amid rapid population growth. Even with substantial investment in high-capacity transit, the full benefits cannot be realised unless accompanied by broader urban transformation. TOD and strategic renewal present significant opportunities for improvement, but progress has been slow due to fragmented implementation and the lack of a cohesive, future ready approach. Without timely, coordinated action, these initiatives risk falling short of their full potential in addressing congestion, pollution, and housing demand.
Key solution areas as focus points for the discussion:
- Real estate value creation: Leveraging densification, mixed-use planning and policy incentives around transit hubs and redevelopment corridors to drive business growth.
- Urban efficiency and livability: Integrating metro and other transit networks with residential and industrial redevelopment to reduce commute times, improve walkability and elevate quality of life.
- Advancing sustainable redevelopment through TOD: Aligning city-level redevelopment programmes with TOD principles to create compact, transit-linked urban clusters that curb emissions and optimise land use.
- Integrated transit authority: Establish unified urban transport authorities with integrated planning and development mandates, enabling seamless coordination of transit and land use decisions.
RERA Reforms in Housing Sector
RERA reforms in the housing sector focus on strengthening urban construction and development accountability, fostering greater trust in the real estate market. This theme assesses RERA’s transformative impact on urban development dynamics while addressing persistent challenges arising from uneven state-level implementation and practical compliance hurdles. It also explores how emerging digital tools are streamlining adherence and enhancing transparency. Crucially, the discussion focuses on the essential policy upgrades required to ensure RERA evolves alongside a rapidly digitising market and remains a powerful and relevant regulatory cornerstone.
Key discussion points
- Assessing the impact of RERA on transparency, accountability, and homebuyer confidence in the housing sector
- Addressing challenges arising from uneven state-level implementation and compliance bottlenecks
- Harmonisation of RERA rules and processes across states to create a uniform regulatory environment
- Leveraging digital tools and technology for real-time project monitoring, disclosures, and approvals
- Strengthening dispute resolution mechanisms and reducing adjudication timelines
- Balancing consumer protection with ease of doing business for developers
- Role of RERA in resolving stalled projects and facilitating timely project completion
- Enabling institutional investment through regulatory clarity and predictable enforcement
- Future-ready policy upgrades to align RERA with emerging market trends and sustainable urban development
Strengthening RERA, Boosting Affordable Housing and Promoting Rental Housing
India’s urban housing landscape is evolving under the combined influence of regulatory reforms, affordability challenges, and changing housing preferences. The Real Estate (Regulation and Development) Act, 2016 has strengthened transparency, financial discipline, and consumer protection. The Unified RERA Portal and proposed national SOPs aim to improve uniformity across states, yet variations in rules, delays in enforcement, non-standard agreements, and data gaps continue to constrain consistent outcomes. Alongside this, affordable housing—despite strong demand and sustained support under PMAY-U and PMAY-U 2.0—faces supply contraction due to rising land and construction costs, GST limitations, infrastructure delays, and declining private sector participation.
Simultaneously, rental housing is emerging as a vital component of India’s urban housing strategy, driven by workforce mobility, affordability pressures, and a growing preference for flexibility over ownership. However, fragmented ownership, uneven tenancy reforms, limited institutional investment, and slow implementation of schemes such as Affordable Rental Housing Complexes restrict its scale and formalisation. Addressing these challenges requires a coordinated housing approach that strengthens RERA enforcement, restores viability in affordable housing supply, and enables a structured rental market through regulatory clarity, fiscal incentives, digital platforms, and public-private collaboration to support inclusive and sustainable urban growth.
Policies and Regulations: What Next
As India’s urban housing ecosystem matures, the next phase of policy and regulatory reform must move from intent to execution, focusing on consistency, coordination, and long-term market stability. Building on the foundations of RERA, the policy priority is to deepen uniform implementation through nationally harmonised rules, enforceable timelines, and fully integrated digital systems that enable real-time monitoring and accountability. At the same time, affordable housing policies require recalibration to reflect current market realities—addressing cost pressures, tax inefficiencies, land availability, and approval bottlenecks—to restore supply momentum and revive private sector participation under programmes such as PMAY-U 2.0.
Equally critical is the need to establish a coherent regulatory framework for rental housing that complements ownership-based models and supports India’s evolving urban workforce. This includes accelerating tenancy reforms, formalising rental markets through digital platforms, enabling institutional participation through clear policy signals, and strengthening the execution of rental housing schemes. The “what next” policy agenda therefore lies in aligning regulatory enforcement, fiscal incentives, and public-private collaboration across RERA, affordable housing, and rental housing to create a balanced, resilient, and inclusive urban housing framework capable of supporting India’s long-term urbanisation goals.
Adoption of Green Building and Construction Technology:
Challenges and Opportunities
Across the real estate sector, sustainable construction is gaining momentum, driven by rising environmental awareness and tightening regulations. Yet, despite policy support, including Energy Conservation Building Code (ECBC) norms and green certification incentives, the adoption of green buildings remains uneven. Developers continue to face financial hurdles such as higher construction costs and limited access to sustainability-linked funding. Limited awareness of long term benefits, along with technical capacity gaps across the value chain, further slows adoption. Many projects struggle to adopt advanced solutions, as modern materials and construction technologies have yet to gain meaningful traction across the sector. Addressing these issues will require strong regulatory alignment and ecosystem-wide collaboration to accelerate India’s shift towards low-carbon real estate development.
Key solution areas as focus points for the discussion:
• Boosting green finance: Expand green financing mechanisms, such as green credit programs and tax incentives, while strengthening the adoption of standardised green taxonomies to improve transparency and the classification of sustainable activities. Additionally, provide green loans to help developers finance projects that show measurable energy savings.
• Accelerating ECBC Implementation: Fast track ECBC adoption and implementation across states by accelerating state-level notification and enforcing uniform compliance mechanisms.
• Technology-enabled construction efficiency: Encourage the use of advanced technologies such as Building Information Modeling (BIM) and promote the adoption of low-carbon construction materials such as recycled concrete.
• Capacity building and stakeholder awareness: Launch industry-wide training programs to enhance technical expertise among developers and contractors while driving awareness on long term benefits and sustainability value.
• Structural design interventions: Adopt voided concrete slab and bubble deck technology, along with modular design and lightweight construction methods, to minimise material use and reduce structural weight.
Building a Smart Real Estate Ecosystem through PropTech Integration
India’s real estate is digitising, yet key bottlenecks persist. Sellers face fragmented data, non-standard specifications, siloed CRM/ERP stacks, high CAC with low lead to booking conversion, opaque pricing, manual KYC and limited visibility into progress and risk. Buyers encounter information asymmetry, inconsistent quality with limited verification, uncertain delivery timelines, carpet versus super area confusion, limited discovery, unclear total cost of ownership and dispersed documentation across touchpoints. AI-enabled PropTech can integrate IoT, BIM, digital twins, building management systems, energy analytics and APIs to provide real time visibility, predictive maintenance, IAQ, energy optimisation and streamlined post-handover service, with privacy and consent controls. Modern BMS already leverages sensors, automation and predictive controls. Digital tools are streamlining labour oversight by synchronising workforce planning, while financing is increasingly shifting to digital lending platforms. The future of construction will be guided by the 5M model: materials, manpower, machinery, methods and money, as technology transforms each through smarter, data driven processes.
CRM: Customer relationship management, ERP: Enterprise resource planning, CAC: Customer acquisition cost, KYC: Know your customer, IoT: Internet of things, BIM: Building information modeling, API: Application programming interface, IAQ: Indoor air quality, BMS: Building management systems.
Key solution areas as focus points for the discussion:
• Unified data fabric and verified inventory: Establish standardised property schemas and API first integrations across platforms, enabling verified, geo tagged listings, digital document lockers and single source dashboards for availability, pricing and approvals.
• AI driven discovery and personalised customer experience: Operationalise AI recommenders for location and budget fit, supported by multilingual conversational tools, image and voice search and intelligent filters aligned to buyer journey stages.
• Transparent project monitoring and trust signals: Integrate AI across drone, CCTV, BIM and IoT data streams to track construction progress, verify milestones and surface quality and safety alerts to mitigate delivery risk.
• Intelligent pricing, underwriting and sales ops: Leverage automated valuation models, geospatial analytics and demand signals to inform pricing, underwriting discipline, lead prioritisation and compliance aligned sales execution.
• Seamless transacting and post sales service: Institutionalise digital KYC, AI assisted documentation and guided payments with escrow visibility, supported by automated post handover services and privacy by design governance frameworks.
CURTAIN RAISER OF NATIONAL URBAN AND REAL ESTATE DEVELOPMENT CONCLAVE 2026
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GLIMPSES OF PAST EVENTS & MEETINGS
