Shah Urges Realtors: Go Green, Build Affordable Homes, Boost Transparency

• Union Home Minister Amit Shah urged realtors at a CREDAI conclave to adopt green building norms as the "new normal" and focus on constructing low-cost homes.
• Shah stressed the need for a transparent land market, cautioning against land banking and speculative holding, and called for self-regulation in the industry.
• He highlighted RERA's role in streamlining developer operations and protecting homebuyers, noting 1.55 lakh registered projects across 35 states/UTs.
• The minister mentioned GST reductions on building materials, potentially lowering costs by 5-7%, enabling builders to offer more facilities to customers.
• Shah emphasized sustainable development, including energy-efficient design, water recycling, rainwater harvesting, and scientific waste management, urging developers to integrate green elements without significantly increasing costs.

Why It Matters: Amit Shah pushes realtors for green, affordable housing, transparent land markets, and RERA compliance.