<p>Focus on areas like credible and well-regulated real estate landscape, greater use of technology through artificial intelligence and block chain will revolutionise the sector, Commerce and Industry Minister Piyush Goyal said on Saturday.</p>.<p>He also said that adoption of green solutions for sustainable buildings will help the country to meet the global challenge of climate change.</p>.<p>The effective and speedy redressal of housing sector complaints has given a major impetus to this sector and in fact a lot of problems that had in and around Mumbai and Delhi are gradually resolved, Goyal said.</p>.<p>Suggesting a few mantras to help the sector in the task ahead, he said “focus on credible and well-regulated real estate landscape…you are looking at greater use of technology through artificial intelligence, blockchain and virtual reality will revolutionise the real estate sector”.</p>.<p>India will also become the third largest construction market globally in the next 2-3 years and possibly the second largest employer from the real estate side, the minister said while addressing the National Investiture Ceremony of CREDAI.</p>.<p>Further, he said that better governance practices have given comfort to home buyers and all stakeholders in the sector; and Insolvency and Bankruptcy Code have helped clean up the sector.</p>.<p>These steps, he said, are helping banks to lend to the sector and to home buyers with the confidence that good companies will serve the home buyers and this industry.</p>.<p>"The message has gone loud and clear that honest business will be respected, encouraged and promoted: And all those who indulged in non -transparent or preferential benefits in the past to certain players in the sector have all now faced heat of the law," he added.</p>.<p>It has also given a clear signal to the country that the honest and transparent real estate sector is now respected, recognised and encouraged under this government, he said.</p>.<p>The minister requested the leaders of the sector to continue to promote young talent, and inclusivity in teams to bring about a revolution so that it can become the driver of sustainable growth.</p>
<p>Focus on areas like credible and well-regulated real estate landscape, greater use of technology through artificial intelligence and block chain will revolutionise the sector, Commerce and Industry Minister Piyush Goyal said on Saturday.</p>.<p>He also said that adoption of green solutions for sustainable buildings will help the country to meet the global challenge of climate change.</p>.<p>The effective and speedy redressal of housing sector complaints has given a major impetus to this sector and in fact a lot of problems that had in and around Mumbai and Delhi are gradually resolved, Goyal said.</p>.<p>Suggesting a few mantras to help the sector in the task ahead, he said “focus on credible and well-regulated real estate landscape…you are looking at greater use of technology through artificial intelligence, blockchain and virtual reality will revolutionise the real estate sector”.</p>.<p>India will also become the third largest construction market globally in the next 2-3 years and possibly the second largest employer from the real estate side, the minister said while addressing the National Investiture Ceremony of CREDAI.</p>.<p>Further, he said that better governance practices have given comfort to home buyers and all stakeholders in the sector; and Insolvency and Bankruptcy Code have helped clean up the sector.</p>.<p>These steps, he said, are helping banks to lend to the sector and to home buyers with the confidence that good companies will serve the home buyers and this industry.</p>.<p>"The message has gone loud and clear that honest business will be respected, encouraged and promoted: And all those who indulged in non -transparent or preferential benefits in the past to certain players in the sector have all now faced heat of the law," he added.</p>.<p>It has also given a clear signal to the country that the honest and transparent real estate sector is now respected, recognised and encouraged under this government, he said.</p>.<p>The minister requested the leaders of the sector to continue to promote young talent, and inclusivity in teams to bring about a revolution so that it can become the driver of sustainable growth.</p>