India is in advanced talks with Australia on a proposal to construct one million homes worth an estimated $500 billion, a move that could become the largest housing collaboration in history, Commerce and Industry Minister Piyush Goyal said.
Speaking at the ‘Bharat Buildcon 2026’ conference in Mumbai last month, Goyal emphasised that the project addresses Australia’s acute housing shortage while opening new opportunities for India’s construction industry and workforce. “If we miss this opportunity, we will have only ourselves to blame,” he said, urging Indian companies and workers to step forward.
According to The Australia Today, the effort is being shaped as a three-way partnership, combining India’s skilled labour, Australia’s housing needs, and the United Arab Emirates’ potential role in financing. Goyal confirmed he has already reached out to the UAE to explore investment participation. (IANS)

