{"id":35759,"date":"2025-04-26T17:33:00","date_gmt":"2025-04-26T12:03:00","guid":{"rendered":"https:\/\/homesbuildings.com\/?p=35759"},"modified":"2025-04-26T17:33:00","modified_gmt":"2025-04-26T12:03:00","slug":"decarbonising-indias-cement-industry","status":"publish","type":"post","link":"https:\/\/urbanacres.net\/?p=35759","title":{"rendered":"DECARBONISING INDIA\u2019S CEMENT INDUSTRY"},"content":{"rendered":"

A ROADMAP TO SUSTAINABILITY<\/strong><\/h3>\n

The Indian cement industry stands at a crossroads. As the second-largest producer of cement in the world, it plays a crucial role in infrastructure and urban development. However, this growth comes at a significant environmental cost. Cement production is one of the most carbon-intensive industries, contributing approximately 5.63% of India\u2019s total greenhouse gas emissions. With the government\u2019s increasing focus on sustainability and net-zero targets, the challenge is clear: how can India continue to meet its rising infrastructure demands while reducing its carbon footprint? Cement manufacturing is an energy-intensive process, with emissions originating from two primary sources. More than half of the sector\u2019s emissions stem from the chemical transformation of limestone into lime, a process that releases vast amounts of CO2. The rest comes from the burning of fossil fuels such as coal and petcoke, which provide the necessary heat for cement kilns. In addition, electricity consumption from power grids and captive plants adds to the industry\u2019s carbon burden. Despite these challenges, opportunities for reducing emissions are substantial. One of the most effective strategies is transitioning to blended cement, which replaces a portion of limestone with alternative materials.<\/p>\n

The Indian cement industry stands at a crossroads. As the second-largest producer of cement in the world, it plays a crucial role in infrastructure and urban development. However, this growth comes at a significant environmental cost. Cement production is one of the most carbon-intensive industries, contributing approximately 5.63% of India\u2019s total greenhouse gas emissions. With the government\u2019s increasing focus on sustainability and net-zero targets, the challenge is clear: how can India continue to meet its rising infrastructure demands while reducing its carbon footprint? Cement manufacturing is an energy-intensive process, with emissions originating from two primary sources. More than half of the sector\u2019s emissions stem from the chemical transformation of limestone into lime, a process that releases vast amounts of CO\u2082. The rest comes from the burning of fossil fuels such as coal and petcoke, which provide the necessary heat for cement kilns. Additionally, electricity consumption from power grids and captive plants adds to the industry\u2019s carbon burden.<\/p>\n

Despite these challenges, opportunities for reducing emissions are substantial. One of the most effective strategies is transitioning to blended cement, which replaces a portion of limestone with alternative materials such as fly ash and slag. Currently, Portland Pozzolana Cement (PPC) accounts for about 65% of India\u2019s cement production, with the rest being Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), and Composite Cement (CC). Increasing the share of blended cement could significantly lower emissions. Experts argue that limiting OPC production to just 10% while promoting blended cement could cut emissions by as much as 43 million tons by 2030.<\/p>\n

The use of alternative raw materials offers another promising avenue. Fly ash, a byproduct of coal-fired power plants, and blast furnace slag from steel plants can be integrated into cement production without compromising quality. Studies suggest that increasing the permissible limit of fly ash in PPC from 35% to 45% could lead to an additional reduction of 59 million tons of CO\u2082 emissions. Beyond traditional additives, newer materials such as calcined clay are emerging as viable replacements for limestone, giving rise to low-carbon cements like LC3, which require less energy-intensive processing.<\/p>\n

Energy efficiency and alternative fuels also hold immense potential in the decarbonization journey. Many Indian cement plants have already begun replacing coal with waste-derived fuels such as refuse-derived fuel (RDF) and biomass. Plants operated by industry leaders like ACC and Dalmia Cement have achieved thermal substitution rates (TSR) as high as 15\u201330%, showcasing the feasibility of such alternatives. If the entire industry could push this substitution rate to 50%, emissions could be reduced by a staggering 84 million tons. Additionally, the adoption of waste heat recovery systems, kiln electrification, and renewable energy sources such as solar and wind power could further reduce the sector\u2019s dependence on fossil fuels.<\/p>\n

Another frontier in cement industry decarbonization is Carbon Capture, Utilization, and Storage (CCUS). This technology, while still in its early stages, has the potential to capture up to 90% of emissions from cement production. The Global Cement and Concrete Association (GCCA) has identified CCUS as one of the most critical technologies for achieving net-zero emissions by 2050. Although high implementation costs remain a barrier, several leading cement manufacturers are investing in pilot projects to explore its viability.<\/p>\n

While technological advancements are essential, regulatory support will be equally crucial in steering the industry towards sustainability. Clear policy directives can create a framework for widespread adoption of low-carbon practices. Setting mandatory targets for blended cement production, introducing fiscal incentives for green cement, and implementing carbon pricing mechanisms could provide the necessary push. Additionally, standardized regulations for RDF could help increase its acceptance as an alternative fuel, ensuring its quality and safety in cement kilns.<\/p>\n

Projections for 2030 suggest that with the right interventions, India\u2019s cement industry can significantly curb its emissions despite an expected increase in production. Current estimates indicate that cement output will nearly double to 660 million tons by the end of the decade. However, by promoting blended cement, maximizing alternative raw material usage, and pushing TSR rates to 50%, the sector could limit emissions growth to just 1.1 times its 2019 levels instead of a projected doubling under a business-as-usual scenario.<\/p>\n

The road to decarbonization is not without obstacles. Cost implications, technological readiness, and industry inertia remain significant challenges. However, the cement sector must recognize that sustainability is not just an environmental imperative\u2014it is also an economic opportunity. Embracing greener manufacturing practices can enhance energy efficiency, lower operational costs, and future-proof businesses against stringent environmental regulations.<\/p>\n

The transition to a low-carbon cement industry is no longer an option but a necessity. As India advances towards becoming a global leader in sustainable infrastructure, the cement sector must play its part in shaping a cleaner and more resilient future. By adopting innovative technologies, embracing alternative materials, and committing to policy-driven action, the industry can ensure that its growth does not come at the cost of environmental degradation. The time to act is now, and the choices made today will define the trajectory of India\u2019s cement industry for decades to come.<\/p>\n

B Santhanam to Retire After 45 Year Legacy at Saint-Gobain<\/strong><\/h3>\n

B. Santhanam, a towering figure in India\u2019s corporate landscape, is set to retire after an illustrious 45-year career with Saint-Gobain, the French multinational renowned for its dominance in the glass and building materials industry. Santhanam, who has been instrumental in steering the company\u2019s growth in India and the Asia Pacific, will step down from his roles as CEO of the Asia Pacific & India Region and Chairman of Saint-Gobain India on May 5. His retirement marks the end of a significant chapter for both the company and India\u2019s industrial sector.<\/p>\n

Santhanam\u2019s journey with Saint-Gobain began in 1980 when he joined as a management trainee at Grindwell Norton, part of the Saint-Gobain Group. A graduate of IIT Madras and IIM Ahmedabad, he played a crucial role in shaping Saint-Gobain\u2019s strategic entry into India. In 1996, he was instrumental in the company\u2019s first major foray into the flat glass sector in India. Under his leadership, Saint-Gobain established a formidable presence, making significant investments \u2014 over \u20b98,000 crore in the flat glass business and more than \u20b912,000 crore in diversified sectors such as gypsum, construction chemicals, and abrasives.<\/p>\n

During his tenure, Santhanam led the company\u2019s expansion across multiple regions in India, with operations spanning 33 locations in key states such as Tamil Nadu, Maharashtra, and Gujarat. His leadership as Managing Director of Saint-Gobain India and Grindwell Norton, and later as CEO of Saint-Gobain Asia Pacific & India, cemented his legacy as a transformative leader who guided the company through an era of rapid growth and diversification.<\/p>\n

Lighting Control Market Set to Reach USD 106.73 Billion by 2032<\/strong><\/h3>\n

The global lighting control system market is poised for exponential growth, with its size expected to surge from USD 32.11 billion in 2023 to an impressive USD 106.73 billion by 2032. This remarkable expansion, marked by a compound annual growth rate (CAGR) of 14.28% from 2024 to 2032, reflects a transformative shift in how cities, homes, and businesses approach energy management and sustainability.<\/p>\n

The lighting control system market is fundamentally reshaping urban landscapes by integrating wireless connectivity, artificial intelligence (AI)-driven automation, and IoT-enabled controls. These innovations not only enhance energy efficiency but also provide flexible, scalable solutions across residential, commercial, and industrial sectors. By enabling precise lighting control, these systems significantly reduce energy wastage, supporting global efforts toward carbon reduction and the realization of net-zero carbon cities.<\/p>\n

A key driver of this market expansion is the growing adoption of smart city initiatives, particularly in rapidly urbanizing countries like India. Governments are increasingly prioritizing sustainable development solutions aligned with international environmental goals, accelerating the integration of smart lighting technologies into urban infrastructure. As a result, lighting control systems are emerging as a cornerstone of sustainable urban development.<\/p>\n

UltraTech Forays into Wires and Cables<\/strong><\/h3>\n

UltraTech Cement, a leader in the Indian cement industry, has recently taken a significant step by entering the wires and cables sector. The company has committed \u20b91,800 crore to build a new wires and cables plant in Bharuch, Gujarat, expected to be operational by December 2026.<\/p>\n

UltraTech\u2019s entrance the wires and cables market highlights into a broader trend of diversification among top Indian companies, with many seeking to tap into the growing
\ndemand for smart, energy-efficient, and sustainable technologies. While the foray into this new market could bring growth and new revenue streams, the market will be watching closely to see how UltraTech manages this transition and whether it can maintain its leadership position in the highly competitive cement industry.<\/p>\n

Hafele Inaugurates Advanced Licht Centre in Indore<\/strong><\/h3>\n

H\u00e4fele, a global leader in innovative interior solutions, has expanded its footprint in India with the launch of its second Licht Experience Centre in Indore. Located at Uniko Lights in PU4, behind C21 Mall, this new centre marks a significant milestone in H\u00e4fele\u2019s commitment to advancing the interior design and lighting industry across the country. Following the success of its Chandigarh launch, the Indore centre showcases H\u00e4fele\u2019s state-of-the-art range of lighting products, blending cutting-edge technology with sophisticated design.<\/p>\n

The centre was officially inaugurated by Mr. Manish Mahajan, Sales Director \u2013 H\u00e4fele South Asia, and renowned designer Mr. Manish Kumat, Principal Designer at Manish Kumat Design Cell. Appropriately named \u201cLicht,\u201d meaning \u201clight\u201d in German, the centre offers an immersive experience for architects, interior designers, lighting consultants, electrical contractors, and end consumers, enabling them to explore advanced lighting solutions for residential, commercial, and institutional spaces.<\/p>\n

The Licht Experience Centre features a diverse array of lighting options, ranging from architectural lighting to furniture lighting, each meticulously crafted to enhance both aesthetics and functionality. A highlight of the centre is H\u00e4fele\u2019s revolutionary Loox Range\u2014a furniture lighting solution celebrated for its simplicity, flexibility, and reliability. Designed to integrate seamlessly into various home applications, the Loox Range provides task, decorative, mood, and functional lighting solutions. Further reinforcing its commitment to quality, H\u00e4fele offers an industry-first 10-year guarantee on its Furniture Lighting Solutions in India, reflecting the company\u2019s confidence in the durability and long-term performance of its products.<\/p>\n

Godrej Interio Targets Office Furniture Growth in Kolkata<\/strong><\/h2>\n

Godrej Interio, the furniture arm of Godrej Enterprises, is intensifying its focus on the office furniture segment as part of its strategy to expand its footprint in Kolkata. Having made significant inroads into the B2B (business-to-business) and institutional furniture sector, the company has recorded a revenue of \u20b9100 crore from this segment over the past 10 months. With Kolkata\u2019s institutional furniture market estimated at around \u20b9500 crore, Godrej Interio plans to capitalise on this growing opportunity by targeting the office furniture segment alongside its existing healthcare and educational furniture offerings.<\/p>\n

In a dynamic shift aligned with evolving market needs, Godrej Interio aims to boost its market share in Kolkata\u2019s institutional furniture sector from 15% to 25% within the next three years. This strategic push is driven by a noticeable surge in demand, particularly in the office furniture segment, spurred by the rise of hybrid work models. As employees increasingly divide their time between home and office, the demand for ergonomic and flexible office furniture solutions has grown substantially, presenting a significant business opportunity.<\/p>\n

Godrej Interio\u2019s product portfolio has evolved to meet these emerging needs, with increased focus on ergonomic chairs, modular office desks, and adjustable hospital beds. These solutions cater not only to corporate offices but also to educational institutions and healthcare facilities that require robust, ergonomic furniture. Kolkata, with its rapidly expanding commercial real estate sector, is especially poised for growth. The city is expected to add nearly 5 million square feet of office space over the next two years, further driving the demand for modern workplace solutions.<\/p>\n

Morzze Launches Revolutionary MFD 1101 Waste Disposer<\/strong><\/h3>\n

Morzze, a leading brand in kitchenware, has reinforced its commitment to innovation and sustainability with the launch of the MFD 1101 Food Waste Disposer. This new addition to the brand\u2019s portfolio underscores Morzze\u2019s focus on redefining kitchen solutions through efficiency, sustainability, and convenience.<\/p>\n

The MFD 1101 Food Waste Disposer, unveiled as part of Morzze\u2019s forward-thinking strategy, aims to revolutionize household food waste management. Equipped with cutting-edge features, the disposer boasts a Brushless DC (BLDC) motor that ensures high power efficiency while delivering robust performance. Its Auto Reverse Technology helps prevent jamming, enhancing the product\u2019s reliability, while a sound insulation design ensures quieter operation \u2014 a vital feature for busy modern kitchens.<\/p>\n

Further setting the MFD 1101 apart are its strong safety measures, including an overload protector to safeguard the motor and an automatic stop function that activates after five minutes of continuous operation, promoting energy conservation. The device\u2019s eight-stage grinding system breaks down food waste into ultra-fine 1.5mm particles, facilitating easy disposal and minimizing environmental impact.<\/p>\n

Philips Launches Largest Smart Light Hub in Bhubaneswar<\/strong><\/h3>\n

Signify, the global leader in lighting solutions, has recently inaugurated its 12th Philips Smart Light Hub in Odisha, marking a significant expansion in its reach across India. This new 1600-square-foot store, located in the heart of Odisha, is designed to cater to diverse customer lighting needs, offering over 450 SKUs across a broad spectrum of decorative and functional lighting solutions.<\/p>\n

The Philips Smart Light Hub is a testament to Signify\u2019s commitment to innovation and its focus on sustainability. The store\u2019s design follows the premium SLH (Smart Light Hub) format, immersing visitors in the latest advancements in smart lighting technologies. This launch brings the total number of Philips Smart Light Hubs across India to 304, highlighting the company\u2019s expanding footprint in the Indian market.<\/p>\n

Customers visiting the new hub can explore various lighting options, from elegant chandeliers, wall lights, and track lights to practical, energy-efficient solutions like modular COBs, downlighters, panels, and spots. Additionally, the store features cutting-edge connected lighting products, powered by Signify\u2019s WiZ Smart technology platform, allowing users to integrate smart lighting into their homes seamlessly.<\/p>\n

This strategic opening further strengthens Signify\u2019s position as a leader in sustainable and energy-efficient lighting solutions, providing Indian consumers access to the latest smart, eco-friendly technologies. As urban centres in India continue to grow, lighting solutions like these are becoming increasingly vital in creating smarter, more sustainable living spaces, reducing energy consumption, and enhancing everyday convenience.<\/p>\n

With the growing demand for smart homes and connected devices, Signify\u2019s continuous investment in expanding its retail network underscores its commitment to shaping the future of lighting in India. The Philips Smart Light Hub is located at Zara Lounge, 554 Shaheed Nagar, Bhubaneswar. This momentous occasion promises to showcase the innovations in smart lighting technology and reinforce Signify\u2019s position as a pioneer in the industry.<\/p>\n

Commenting on the inauguration, Sumit Joshi, CEO & MD of Signify Greater India, said, \u201cThe inauguration of our largest SLH store in Odisha, marks a significant milestone for us as Bhubaneshwar is emerging as one of the most promising markets for us owing to a growing consumer base that has an evolved aesthetic taste in home decor.\u201d<\/p>\n

Asian Granito Unveils 3500 Sq Ft Showroom in Hyderabad<\/strong><\/h3>\n

Asian Granito India Limited (AGL), a leader in the ceramic industry, has launched an extravagant 3,500 sq ft showroom in Hyderabad, marking a pivotal step in the company\u2019s strategic expansion plan. This cutting-edge display centre is set to become a landmark for architects, homebuilders, interior designers, and design enthusiasts, offering a wide array of luxury tiles and slabs for indoor and outdoor spaces.<\/p>\n

The newly inaugurated showroom, located at 202 & 302 Kurve Elite, Kamalapuri Colony, Hyderabad, brings together an extensive collection of AGL\u2019s premium products, including exclusive ranges like Alvaro, StonEra, TeRock, Presto, MarbleX, Grestek, Grandura, and Fresco, to name just a few. This well-designed space is a testament to AGL\u2019s commitment to innovation, quality, and modern aesthetics, positioning the company as a pioneer in transforming the tile shopping experience in India.<\/p>\n

Kamlesh Patel, Chairman and Managing Director of Asian Granito India Ltd, expressed that the company\u2019s reputation for innovation and adaptability has been instrumental in establishing a strong global identity. He further stated that the new showroom redefines the tile-shopping experience, offering immersive visuals, trendsetting designs, and an elevated customer journey. \u201cOur showroom not only serves as a one-stop destination for architects, designers, and trade partners but also showcases a wide range of premium tiles, GVT collections, slabs, engineered marble, quartz, sanitaryware, and faucets\u2014all under one roof,\u201d Patel remarked.<\/p>\n

The showroom is a bold move by AGL to cater to the growing demand for luxury and high-quality products in the evolving construction and design market. With a focus on aesthetics, durability, and innovation, AGL\u2019s tiles and slabs are designed to add an opulent touch to residential and commercial spaces. Offering products like Glazed Vitrified Tiles, Grand Slabs, Engineered Marble, Quartz, and an extensive array of Sanitaryware & Bathware, AGL\u2019s new space in Hyderabad promises to be the go-to destination for those seeking world-class solutions.<\/p>\n

Asian Granito has been steadily carving a niche in India\u2019s ceramic industry, primarily driven by its investment in production, cutting-edge designs, and expansion into global markets. The company has solidified its position as a rising global brand with a strategic focus on quality and innovation.<\/p>\n

As part of its broader growth strategy, AGL aims to continue expanding its reach, targeting key cities like Hyderabad to provide unparalleled design solutions and promote sustainable, eco-friendly building practices. The Hyderabad showroom symbolises the company\u2019s unwavering dedication to setting new standards while meeting the evolving needs of modern consumers and designers.<\/p>\n

Shree Cement Launches Rs 83.5 Billion Projects in KA<\/strong><\/h3>\n

Shree Cement Limited has signed an ambitious Memorandum of Understanding (MoU) with the Government of Karnataka, committing an investment of Rs 8,350 crore over the next five years. This deal marks a transformative moment for the state\u2019s economy and Shree Cement\u2019s expansion strategy, as it aims to set up several state-of-the-art cement manufacturing facilities across key regions.<\/p>\n

The MoU outlines plans to establish an Integrated Cement Plant in Kalaburagi. This plant will feature a clinker capacity of 3.5 million tonnes per annum (MTPA) and a cement capacity of 3 MTPA. With an initial investment of Rs 2,500 crore, this plant will create around 300 direct employment opportunities. Starting in 2025, this facility is poised to strengthen the state\u2019s industrial fabric while contributing to regional economic development.<\/p>\n

Further enhancing its commitment to Karnataka, Shree Cement plans to set up a Clinker Grinding Unit in the Bengaluru Rural district with a projected investment of Rs 850 crore. This unit, with a capacity of 3 MTPA, will generate an additional 250 direct jobs and is expected to begin operations by 2028.<\/p>\n

In an even more ambitious move, Shree Cement has unveiled plans for a second integrated plant in Kalaburagi, which will have a clinker capacity of 3.5 MTPA and a cement capacity of 6 MTPA, built in two phases. With a proposed investment of Rs 5,000 crore, this mega-project will create an estimated 750 direct jobs upon completion by 2030.<\/p>\n

31st CREDAI MCHI Property Expo Sets New Benchmarks in Inclusivity and Housing Access<\/strong><\/h3>\n

Jio World Convention Centre, Mumbai<\/strong> \u2014 The 31st edition of the CREDAI-MCHI Property Expo, held from January 17 to 19, 2025, emerged as a landmark event in India\u2019s real estate calendar. With over 24,700 serious homebuyers attending and more than 100 developers showcasing a diverse range of residential offerings, the event underscored the vitality of Mumbai\u2019s housing market while pushing the boundaries of inclusivity and affordability.<\/p>\n

Organised by the apex body for real estate developers in the Mumbai Metropolitan Region, the expo featured marquee names such as Adani Realty, Piramal Realty, Raghav Group, and others. From affordable housing priced at \u20b914 lakh to luxury residences exceeding \u20b910 crore, the exhibition covered the full spectrum of urban housing needs.<\/p>\n

Affordability with Purpose<\/strong>
\nIn line with CREDAI-MCHI\u2019s vision for \u201cHousing for All,\u201d the expo introduced a host of buyer-friendly incentives:
\n\u2022 Zero Stamp Duty and Registration Charges, easing the financial load on prospective homebuyers.
\n\u2022 Flexible payment plans and festival linked offers to boost affordability.
\n\u2022 A \u20b92 lakh additional discount for women homebuyers, promoting financial independence and home ownership among women.<\/p>\n

These initiatives reflect a shift in how developers and the broader real estate ecosystem are responding to changing consumer behaviour and affordability constraints.<\/p>\n

A Landmark for LGBTQ+ Representation in Housing<\/strong>
\nFor the first time, the CREDAI-MCHI expo spotlighted LGBTQ+ homeownership, addressing one of the most marginalised segments in Indian housing. Sessions such as \u201cBeyond the Binary: Breaking Barriers in Real Estate\u201d explored systemic bias, legal gaps in co-ownership, and the lack of inclusive housing policy.<\/p>\n

Panel discussions featured legal experts, architects, and community advocates examining pathways to greater equity through policy reform and builder sensitisation. The inclusion of the LGBTQ+ community in mainstream housing discourse marked a critical step forward in redefining the idea of inclusive urban development.<\/p>\n

Developer-Led Innovation<\/strong>
\nThe event saw developers introducing unique propositions to capture buyer attention:
\n\u2022 Raghav Builders offered fully furnished homes at competitive rates.
\n\u2022 Solidago Group launched rent-to-own schemes tailored for young professionals and nuclear families.<\/p>\n

These offerings signalled a market that is not only reviving post pandemic but also evolving to meet emerging lifestyle needs and income dynamics.<\/p>\n

A Platform for Purpose<\/strong>
\nBeyond business, the CREDAI-MCHI Women\u2019s Wing hosted a CSR Pavilion showcasing handcrafted products by cancer survivors and specially abled individuals, creating awareness and enabling livelihoods. It was a powerful reminder that housing is not merely about square footage, but about building inclusive communities.<\/p>\n

The Verdict<\/strong>
\nAs Mumbai\u2019s real estate market looks to balance affordability, sustainability, and social equity, the 31st CREDAI-MCHI Property Expo offered more than just property listings\u2014it presented a blueprint for the future of Indian housing. With its combination of scale, innovation, and social responsibility, the expo underscored CREDAI-MCHI\u2019s growing role as not just a real estate body, but a progressive force shaping urban India.<\/p>\n

Stamp Duty and Ready Reckoner Rates Under Review After Industry Bodies Flag Concerns to IGR<\/strong><\/h3>\n

Mumbai<\/strong> \u2014 A joint delegation of CREDAI-MCHI and NAREDCO called on Shri R. Binwade, Inspector General of Registration (IGR), Government of Maharashtra, to discuss critical reforms needed in Maharashtra\u2019s registration and valuation framework.<\/p>\n

Key concerns raised included the high stamp duty burden on redevelopment projects, especially those involving slum rehabilitation, MHADA land, and CIDCO plots, where multiple levies make such projects financially unviable. The developers also highlighted the disproportionate rise in PWD construction rates, which, when combined with RR rates, pushes housing costs beyond affordability thresholds.<\/p>\n

A particularly contentious issue was the Ready Reckoner (RR) rates, which industry representatives argued were not aligned with prevailing market prices. This mismatch, they said, creates disincentives for real estate investment and disproportionately affects affordable housing supply.<\/p>\n

Shri Binwade acknowledged the sector\u2019s concerns and confirmed that the department would review all suggestions by the end of February. The announcement comes as a relief for developers, who hope to see policy rationalisation in the upcoming fiscal cycle.<\/p>\n

GST on Redevelopment and Affordable Housing Reforms Take Centre Stage in Dialogue with DCM<\/strong><\/h3>\n

Mumbai \u2014 In a high-level policy interaction, CREDAI-MCHI engaged with Maharashtra\u2019s Deputy Chief Minister and Finance Minister, Shri Ajit Pawar, to address some of the most pressing issues impacting the Mumbai Metropolitan Region\u2019s real estate sector.<\/p>\n

The dialogue focused on the imposition of a Goods and Services Tax (GST) on redevelopment and rehabilitation housing, a long-standing concern for developers navigating financially sensitive urban projects. Representatives from CREDAI-MCHI explained that the existing tax burden risks undermining the economic feasibility of crucial redevelopment work in densely populated zones. The discussion also touched upon the redefinition of affordable housing in Mumbai. The delegation presented<\/p>\n

\n
\n
\n
\n
\n
\n
\n
\n
\n

Mumbai continues to struggle with housing deficits, particularly in the economically weaker section (EWS) and lower-income group (LIG) segments. CREDAI-MCHI urged the government to revisit existing policies and encourage private sector participation with more realistic and incentive-based frameworks.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
CREDAI-MCHI Suggests Inclusive Housing Reforms in Strategic Meeting with MHADA CEO Sanjeev Jaiswal<\/strong><\/div>\n
\n

In a key step toward shaping Mumbai\u2019s housing future, a delegation from CREDAI-MCHI met with Shri Sanjeev Jaiswal, Vice President and CEO of MHADA, to present targeted policy recommendations on the Draft Housing Policy and the Inclusive Housing guidelines under UDCPR.<\/p>\n

The delegation provided detailed feedback on Sections 33(5) and 33(7) of the DCPR 2034, requesting improved clarity and alignment with on-ground challenges. These sections govern key aspects of redevelopment and affordable housing norms in Mumbai.<\/p>\n

Discussions also focused on the growing demand for affordable housing targeted at working women and students, a demographic often overlooked in mainstream housing policy. CREDAI-MCHI advocated for incentivised models that would enable more developers to take up such projects within city limits.<\/p>\n

Shri Jaiswal, known for his progressive stance on urban development, welcomed the suggestions and indicated that several inputs would be factored into the revised policy draft, which is expected to be submitted to the government shortly.<\/p>\n

CREDAI-MCHI Meets Smt. Pankaja Munde, Maharashtra Environment Minister, to Address key Issues<\/strong><\/h3>\n

A critical meeting was convened in Mumbai, chaired by Smt. Pankaja Munde, the Environment Minister of Maharashtra, to deliberate on the Supreme Court\u2019s recent ruling in the case of Vanashakti v. Union of India. The order, dated 24th February 2025, holds significant implications for environmental and development projects under categories 8(a) and 8(b), which address forest clearance and environment protection requirements.<\/p>\n

The meeting, which aimed to better understand the far-reaching effects of the order on ongoing and future projects in the state, was attended by key figures including Shri Boman Irani, Immediate Past President, and Shri Dhaval Ajmera, Honorary Secretary. Both participants bring substantial expertise in navigating the complex intersection of development, environmental conservation, and legal frameworks.<\/p>\n

The Supreme Court\u2019s order is poised to reshape how development projects within the state are assessed for their environmental impact. Discussions, still in the early stages, reflect the Maharashtra government\u2019s commitment to ensuring that future projects focus on stricter regulations around forest areas and ecologically sensitive zones. The ruling directly impacts the approval processes for infrastructure and industrial projects, raising concerns among stakeholders involved in these sectors. These projects, often considered crucial for economic growth, may now face more stringent environmental checks and balances, which could delay progress.<\/p>\n

Smt. Munde expressed a proactive stance in addressing these challenges, underscoring the importance of striking a balance between developmental aspirations and environmental conservation. The aim is to ensure that projects are both ecologically sustainable and economically viable.<\/p>\n

This move aligns with the state\u2019s broader environmental goals, aiming to create a more sustainable future while addressing the challenges of urbanization and industrialization. As the state gears up to integrate the Supreme Court\u2019s directives, the coming months will likely see further deliberations on how best to comply with the new regulations without compromising the region\u2019s development pace.<\/p>\n

CREDAI MC<\/strong><\/h3>\n

CREDAI MCHI has reinforced its commitment to social responsibility by supporting the education and well-being of construction workers\u2019 children. In a significant step, the organization has provided a CSR grant of INR 2,01,000 to Mumbai Mobile Cr\u00e8che, a non-governmental organization (NGO) dedicated to enhancing the lives of children born into underprivileged circumstances, especially those of construction workers. Alongside the financial aid, play kits were donated to cultivate a nurturing and creative environment for these children, ensuring they receive the necessary resources for both educational and recreational development.<\/p>\n

This initiative was revealed during the MCHI Premier League (MPL) 11, a much-anticipated three-day cricket tournament with eight teams\u2019 participation. The event provided a platform for sportsmanship and underscored the importance of community engagement and social welfare. By providing these children access to play-based learning and recreational activities, CREDAI MCHI aims to cultivate confidence, self-worth, and empowerment, laying the foundation for their future success.<\/p>\n

CREDAI MCHI, representing over 1,800 private real estate developers in the Mumbai Metropolitan Region (MMR), has established itself as a key player in not only fostering a structured and robust real estate sector but also in advancing social causes. With an expanding reach across multiple regions, including Thane, Navi Mumbai, and Kalyan, the organization continues to collaborate with government bodies to ensure the region\u2019s development is both sustainable and inclusive.<\/p>\n

As the apex body for private developers in MMR and affiliated with CREDAI National, which represents over 13,000 developers nationwide, CREDAI MCHI remains dedicated to integrating social responsibility with industry growth.<\/p>\n

CREDAI MCHI Boosts Education for Children of Construction Workers with CSR Initiative<\/strong><\/h3>\n

CREDAI MCHI has reinforced its commitment to social responsibility by supporting the education and well-being of construction workers\u2019 children. In a significant step, the organization has provided a CSR grant of INR 2,01,000 to Mumbai Mobile Cr\u00e8che, a non-governmental organization (NGO) dedicated to enhancing the lives of children born into underprivileged circumstances, especially those of construction workers. Alongside the financial aid, play kits were donated to cultivate a nurturing and creative environment for these children, ensuring they receive the necessary resources for both educational and recreational development.<\/p>\n

This initiative was revealed during the MCHI Premier League (MPL) 11, a much-anticipated three-day cricket tournament with eight teams\u2019 participation. The event provided a platform for sportsmanship and underscored the importance of community engagement and social welfare. By providing these children access to play-based learning and recreational activities, CREDAI MCHI aims to cultivate confidence, self-worth, and empowerment, laying the foundation for their future success.<\/p>\n

CREDAI MCHI, representing over 1,800 private real estate developers in the Mumbai Metropolitan Region (MMR), has established itself as a key player in not only fostering a structured and robust real estate sector but also in advancing social causes. With an expanding reach across multiple regions, including Thane, Navi Mumbai, and Kalyan, the organization continues to collaborate with government bodies to ensure the region\u2019s development is both sustainable and inclusive.<\/p>\n

As the apex body for private developers in MMR and affiliated with CREDAI National, which represents over 13,000 developers nationwide, CREDAI MCHI remains dedicated to integrating social responsibility with industry growth.<\/p>\n

 <\/p>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

A ROADMAP TO SUSTAINABILITY The Indian cement industry stands at a crossroads. As the second-largest producer of cement in the<\/p>\n","protected":false},"author":1,"featured_media":35760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7005,1],"tags":[],"class_list":["post-35759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature-story","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/posts\/35759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbanacres.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35759"}],"version-history":[{"count":0,"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/posts\/35759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/urbanacres.net\/index.php?rest_route=\/wp\/v2\/media\/35760"}],"wp:attachment":[{"href":"https:\/\/urbanacres.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbanacres.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbanacres.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}