India must boost affordable housing and rental reforms for $5.8T market by 2047: Report
NEW DELHI: A joint report by KPMG in India and NAREDCO indicates that India needs to refocus on affordable housing, rental reforms, and enhanced homebuyer protections for the real estate sector to reach an estimated value of $5.8 trillion by 2047. The report was unveiled by Union Housing and Urban Affairs Minister Manohar Lal Khattar during the NAREDCO Real Estate Conclave 2026. The study outlines four key policy areas for the sector: affordable housing, rental housing, robust homebuyer protection through the RERA-Insolvency and Bankruptcy Code framework, and improved implementation of the Real Estate Regulatory Authority. According to the report, urbanization…