CREDAI Highlights Real Estate's Role in Tamil Nadu's 1.5 Trillion Goa

CREDAI Tamil Nadu’s STATECON 2026 examines how real estate, faster regulatory approvals, improved financing and construction technology can support the state’s ambition to become a $1.5 trillion economy by 2036.

CREDAI Tamil Nadu’s STATECON 2026 discusses how real estate, infrastructure, regulatory reforms and technology can contribute to the state’s ambition of becoming a $1.5 trillion economy by 2036. 

The fifth edition of CREDAI Tamil Nadu’s STATECON 2026 began in Chennai, bringing together government officials, real estate developers, financial institutions and industry representatives to discuss the sector’s contribution to the state’s long-term economic growth. The two-day conference follows the theme, “Tamil Nadu 2036 - Building the Next Decade Towards a $1.5 Trillion Economy.”

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Discussions focused on simplifying regulatory approvals, improving access to finance and adopting emerging technologies, including artificial intelligence and robotics, in construction. Participants also examined changing homebuyer preferences, investment opportunities beyond major cities and the development of emerging real estate markets across Tamil Nadu.

The inaugural session was attended by Minister for Minorities Welfare A. M. Shahjahan, State Bank of India Chennai Circle Chief General Manager Vivekanand Choubey and CREDAI National President-elect G. Ram Reddy. They jointly released a report prepared by Jones Lang LaSalle (JLL), a global commercial real estate and property consultancy.

A panel discussion on ease of doing business brought together senior government officials, including Tamil Nadu Real Estate Regulatory Authority Chairperson K. Phanindra Reddy, Additional Chief Secretary Rajesh Lakhoni, Principal Secretary for Housing and Urban Development R. Kirlosh Kumar, and Chennai Metropolitan Development Authority Member Secretary A. R. Rahul Nadh.

CREDAI Tamil Nadu President W. S. Habib said the state had a strong economic base, skilled talent, infrastructure and entrepreneurial capabilities to support its next phase of growth. He highlighted the role of real estate in enabling urban development over the coming decade.

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The conference also marked the induction of five new CREDAI city chapters in the Nilgiris, Kodaikanal, Vellore, Thanjavur and Karur, expanding the organisation’s presence across the state. Alongside the conference, FAIRBUILD 2026 provided a platform for developers, suppliers and technology companies to engage on business opportunities.

The discussions reflect the real estate sector’s focus on regulatory efficiency, financing, urban expansion and construction innovation as Tamil Nadu pursues its economic target for 2036.