BENGALURU: The Karnataka government is dedicated to fostering a policy environment that bolsters the real estate sector, as stated by a senior official on Thursday.
Karnataka Urban Development Department Additional Chief Secretary Tushar Giri Nath delivered the keynote at the second CII Karnataka Real Estate Conference here.
“To develop Tier 2 and 3 cities as future growth engines, a robust transportation network, integrated urban planning, and aligned policy frameworks are vital,” he noted.
Nath emphasized that as Karnataka experiences swift urbanization, it is essential to ensure that growth remains inclusive and carefully planned.
“We encourage stronger collaboration between the industry and authorities to promote sustainable and equitable urban development throughout Karnataka,” he added.
Hosted by the Confederation of Indian Industry (CII), the conference investigated investment trends, capital flows, market resilience, and investor strategies.
“Karnataka is at the forefront of India’s real estate growth in residential, office, retail, and hospitality sectors. Looking towards 2030, our journey will be defined by innovation, sustainability, and integrated development,” stated Ashwinder R Singh, Core Member of the CII Karnataka Real Estate Conference.
According to Prashanth Reddy, Co-Chair of the conference, the real estate potential in South India is vast and interconnected.
“Cities like Bengaluru, Chennai, Hyderabad, Kochi, and Visakhapatnam are leading innovation. It’s crucial to adopt a regionally integrated approach that emphasizes sustainability, resilience, and inclusive growth,” he remarked.
Aman Choudhari, Past Chairman of CII Karnataka, remarked, “As Karnataka pioneers industrial growth and urban transformation, we must align infrastructure development with ESG principles for inclusive, climate-resilient cities.”
During the inaugural session, a white paper titled “Shaping the Future: The Real Estate Vision 2030 for Karnataka and Beyond” was presented.
The report highlights Bengaluru, Chennai, and Hyderabad as the leading cities propelling the real estate momentum in Southern India, each showcasing distinct sectoral strengths and long-term growth prospects.
The report also pointed out the emergence of Global Capability Centres (GCCs) in South India as a significant driver of demand across various asset classes, while highlighting new segments like co-living, senior housing, data centers, and logistics parks.
Additionally, the life sciences and tourism sectors present vast opportunities in the southern states, according to the report.
