Addressing a national workshop on urban development, he said that the issues like urban governance, planning and innovative financing are "critical" for urban transformation in a quick time.
"Many more miles have to be travelled to realise the desired urban transformation... We don't have the luxury of time. Next three years are very critical for placing our cities and towns on a sustainable path of development," he said.
The Urban Development Ministry has suggested a three-year timeframe for the implementation of these reforms which included cities and urban local bodies getting credit ratings, initiatives for value capturing finances, adopting 'trust and verify' method, land title reforms and bringing in professionalism in municipalities.
Under the trust and verify approach, the government gives nod for various services like low-risk building construction first and then do the verification.
Underlining that there is a growing competition among the states for resources, Naidu urged them to radically reform urban governance, planning and financing to attract investments.
Naidu complimented the states for doing well in building toilets under Swachh Bharat Mission (Urban) and voiced concern over low results in respect of solid waste management.
The new policies and schemes -- Transit Oriented Development Policy, Green Urban Mobility Scheme, Metro Policy, Value Capture Financing Policy Framework, City Liveability Index and Fecal Sludge and Septage Management Policy -- were also discussed at the workshop.
Disclaimer: No Business Standard Journalist was involved in creation of this content