People-First Planning Will Define Maharashtra’s Real Estate: Advocates Minister Pratap Sarnaik

September 26, 2025: The 4th edition of NAREDCO HOMETHON 2025 opened today at the Jio World Convention Centre, setting the stage for a three-day dialogue on policy, investment, and Mumbai’s urban future. The expo witnessed the participation of policymakers, global investors, and industry leaders, underscoring India’s rising stature as a hub for sustainable and inclusive real estate growth.

Transport Minister Pratap Sarnaik, in his keynote, reinforced Maharashtra’s role as a leader in development rooted in public well-being and thoughtful design. “Maharashtra will continue to remain a must-see and must-vote-for state, with strong designs, good architects, and a people-first approach at the heart of development,” he said.

Niranjan Hiranandani, Chairman of NAREDCO India, echoed the optimism, pointing to India’s accelerating economic growth. “We are in a lucky period. India has grown this quarter at 7.8% and has become the fastest-growing nation in the world. Real estate is projected to grow by 15% this year, building on last year’s remarkable 10% growth. This momentum, combined with transformative infrastructure like 300 kilometers of metro lines and the coastal road in Mumbai, will drive unprecedented growth,” he said.

Prashant Sharma, President of NAREDCO Maharashtra, highlighted the alignment between global partnerships and local transformation. “The theme — Re-matching Maharashtra with Global Alliances to Create Local Impact — reflects the aspirations of a state committed to sustainable growth with inclusivity at its heart,” he remarked.

Adding perspective on global capital flows, Vikram Jaiswal, CGM – RE of State Bank of India, noted that foreign investors view India as a reliable and high-growth market. He underlined the growing confidence of international funds in India’s urbanization story and highlighted the potential of new-age financing models to address emerging credit gaps.

As the first day of HOMETHON 2025 drew to a close, the consensus was clear: global capital, people-first planning, and Mumbai’s resilience will define the next era of India’s real estate journey. The next two days of the expo are expected to expand these conversations further, charting a roadmap for future growth.

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