Showcasing Knowledge, Leadership and the Future of Indian Real Estate
| Editorial synopsis:
· Indian real estate grew 130% in the past decade, eyeing ₹10 lakh crore scale in the next 10 years. · Senior living market projected at $36 billion by 2050; commercial real estate to hit $1.43 trillion by 2035. · Urged academia-industry ties (e.g., IITs) for tech adoption and skills upgrade · SME IPOs worth ₹12,200 crore in 2025 (up from 246 at ₹9,500 crore in 2024), fueling Tier 2/3 city projects. · Stressed AI and data for transparent, efficient decision-making in planning, sales, finance, and customer experience |
MUMBAI, February 11, 2026: As India’s demographic landscape shifts, the real estate sector is pivoting toward a massive, underserved market: the elderly. At the 11th Edition of MahaCON, CREDAI Maharashtra’s flagship conclave, industry titans identified Senior Living as the most significant “blue ocean” opportunity, with the market projected to skyrocket to 36 billion US dollars by 2050.
The highlight of MahaCON 2026 was the keynote by Mr. Boman Irani, Chairman of CREDAI and CMD of the Rustomjee Group. He underscored that the industry, which has grown 130% over the last decade, must now prioritize specialized sectors.
Commenting on the evolving landscape, Mr. Irani said, “The Indian real estate market is evolving rapidly. We have seen tremendous changes in the sector, and we now stand at the cusp of a great opportunity where the industry has already witnessed close to 130% growth over the past decade and is on track to become a ₹10 lakh crore sector in the next 10 years. Senior living is a particularly strong opportunity for Indian realtors, with the senior living market expected to reach 36 billion US dollars by 2050. At the same time, India is starved of quality commercial real estate, and this segment has immense potential, with the overall market expected to grow to 1.43 trillion US dollars by 2035.”
Mr. Irani also called for stronger collaboration between the academic world and the real estate industry. He highlighted those institutions such as the IITs and real estate players can work closely together to drive innovation, improve technology adoption, and contribute more effectively to India’s economic growth. “The gift of knowledge is the best gift,” he said, stressing that continuous learning, sharing of expertise, and upgrading of skills are essential for the sector’s long-term progress.
Looking to the future, he emphasized the importance of AI and data in transforming Indian real estate. According to him, India now needs a data-driven real estate sector that leverages AI to enable better decision-making, transparency, and efficiency across planning, sales, finance, and customer experience.
One of the key thought-leadership sessions at MahaCON was “RE Vision 2035,” addressed by industry stalwart Mr. Satish Magar, Past Chairman, CREDAI, and Chairman & Managing Director, Magarpatta Township Development & Construction Company Ltd. In his session, Mr. Magar outlined a long-term vision for how India’s real estate sector can and should evolve by 2035.
Mr. Satish Magar further said, “The world is changing rapidly and so has Maharashtra, with new infrastructure, corridors, and connectivity projects reshaping the economic and urban landscape of the state. Distance between cities has reduced due to improved transport networks and regional connectivity, thereby opening new doors of opportunity for investment, development, and employment across Maharashtra, beyond the traditional urban hubs.”
Mr. Amit Kumar, Founder Msmex & Grobizfund Speaker, addressed structured finance in Tier 2 and Tier 3 cities, explaining innovative financing models to support new-age projects. He said, “The Real Estate market has witnessed 269 SME IPOs for Rs. 12200 cr. in 2025 whereas 246 SME IPOs worth Rs. 9500 cr were witnessed in 2024.”
Reflecting on the spirit of the conclave, Mr. Deepak Karanjikar, Global Social Economist remarked that, “CREDAI’s 11th edition of MahaCON is ‘where vision meets action,’ capturing how the event translates big-picture ideas into real, actionable insights for developers and stakeholders. He led an insightful Marathi session on the impact of Maharashtra’s economy on the real estate sector in the coming decade (2026–2036), examining macroeconomic trends, policy directions, and opportunities for developers in the state.”
Adding further depth to the discourse, Ms. Shreya Bajaj Shah deliberated on AI-driven sales, branding and marketing strategies in real estate, Mr. Dilip Kotibhaskar spoke on redevelopment opportunities in Tier 2 and Tier 3 cities, underlining the role of emerging urban centres in driving the next wave of growth. Mr. Manish Bhatija presented on theme-based planning in real estate projects, focusing on concept-led, experience-driven developments. Mr. Satish Marathe discussed the role of real estate in nation-building and the support extended through RBI policies. Mr. Sarthak Ahuja “decoded” real estate by simplifying regulatory, financial and operational aspects for stakeholders. Architect Abhay Bhonsale explored concept design and unique selling propositions for re-plotting projects, while Dr. Amol Kolhe, Member of Parliament and multifaceted personality, delivered a motivational address on purpose, resilience and leadership in challenging times.
Themed “Being the Lighthouse,” the conclave brought together over 500 delegates—including developers, policymakers, and financial experts—to navigate a sector on track to become a ₹10 lakh crore industry within the next decade.
The 11th Edition of MahaCON concluded on an optimistic and forward-looking note, with industry leaders reaffirming their commitment to customer trust, ethical conduct, and innovation. With a strong emphasis on knowledge-sharing, youth and women participation, and the adoption of technology, data and AI, MahaCON 2026 has further strengthened CREDAI Maharashtra’s vision of a more transparent, inclusive, and growth-oriented real estate sector in India.
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From left to right
Mr. Nilesh Thakare – Jt.Secretary, CREDAI MAHARASHTRA
Mr. Umesh Wankhede – Jt. Secretary, CREDAI MAHARASHTRA
Mr. Shantaram Patil – Jt. Secretary, CREDAI MAHARASHTRA
Mr. Ashish Pokharna – Hon. Secretary, CREDAI Maharashtra
Mr. Shashikant Jiddimani – Vice President, CREDAI Maharashtra
Mr. Rasik Chauhan – Sr. Executive Member, CREDAI Maharashtra
Mr. Vidyanand Bedekar – Vice President, CREDAI MAHARASHTRA
Mr. Dinesh Dhage- Vice President, CREDAI MAHARASHTRA
Mr. Sunil Kotwal – Vice President, CREDAI MAHARASHTRA
Mr. Boman Irani – Chairman, CREDAI
Mr. Prafulla Taware – President, CREDAI MAHARASHTRA
Mr. Satish Magar – Ex Chairman, CREDAI National
Mr. Anish Shah – Vice President, CREDAI MAHARASHTRA
Mr. Jayant Thakkar – Vice President, CREDAI MAHARASHTRA
Mr. Surendra Bhoite – Hon. Treasurer, CREDAI MAHARASHTRA
Mr. Rajendra Bhamare- Jt. Secretary, CREDAI MAHARASHTRA
Mr. Shahji Patil – Jt. Secretary, CREDAI MAHARASHTRA
Mr. Sanket Tupe – Jt. Secretary, CREDAI MAHARASHTRA
