CREDAI Highlights Real Estate’s Role in Shaping India’s Next Phase of Growth
Kolkata, October 2, 2026: The Confederation of Real Estate Developers’ Associations of India (CREDAI) highlighted the forces shaping the next phase of Indian real estate at the 24th edition of NATCON in Kolkata, with a focus on the growing role of AI and innovation. The convention brought together developers, investors, policymakers, financial experts, and industry leaders to discuss the evolving real estate landscape and technological transformation.
Technology adoption driven by AI is reshaping the sector across the value chain, enabling sharper market insights, targeted customer outreach, improved project planning and monitoring, and greater efficiency.
The inaugural session was graced by Dr. Swapan Dasgupta, Minister-in-charge, Finance Dept, Govt of West Bengal. Speaking on the occasion, he said, “Kolkata is a city of rich past, but now let’s hope we can have an optimistic future. Kolkata and West Bengal present the greatest opportunity for development in India because we need to upgrade at every level. We are also of the view that impediments to development, such as Urban Land Ceiling, must go. To achieve this, organised developers are needed to build all the mega projects that we have in mind. The state has to realise its true potential. We invite you to come, invest and develop my city and my state.”
CREDAI and ANAROCK Research & Advisory launched a report titled “Indian Real Estate: Growth Trajectory, Sectoral Outlook and Geopolitical Crosscurrents.” The report projects the market to grow from USD 600 billion in 2025 to USD 1 trillion by 2030, with residential sales across top cities rising from Rs 2.35 lakh crore in FY22 to Rs 6.10 lakh crore in FY26. CREDAI CSR Foundation also partnered with Tata Capital Housing Finance Limited to train around 1,250 construction workers.
“Real estate is entering a phase where technology and innovation will influence every part of the business, from how we understand customers and market projects to how we plan, build and operate them. AI, in particular, has the potential to enable better decision-making, improve efficiencies and create more responsive businesses. For the industry, the opportunity is not simply to adopt new technologies, but to use them meaningfully to build a more productive, transparent and future-ready sector,” said Shekhar G. Patel, President, CREDAI.
“At the same time, the next phase of India’s urban growth will increasingly extend beyond the traditional metropolitan centres. Kolkata, with its economic depth and position as a gateway to eastern India, can play an important role in this transition. As infrastructure and connectivity improve across West Bengal, they can strengthen economic corridors, bring emerging cities into larger development networks and unlock new opportunities for housing, businesses and investment. Bringing NATCON to Kolkata is about focusing the industry’s attention on this opportunity and creating a dialogue on how real estate and infrastructure can together contribute to more connected and competitive cities, in line with the vision of Viksit Bharat,” he further added.
Addressing the gathering, Boman Irani, Chairman, CREDAI, said, “NATCON brings together different parts of the real estate ecosystem and gives the industry an opportunity to look at how the sector is changing. The discussions around technology, sustainability, skills and investment are closely connected to the way real estate will grow in the years ahead. The ANAROCK report provides a useful perspective on this change, from the continued strength of residential demand and office leasing to the growing role of institutional capital and emerging asset classes. The partnership with Tata Capital Housing Finance is equally relevant because the adoption of new technologies has to be accompanied by investment in the skills of the people who will use them.”
