Chhattisgarh

Introduction

CREDAI Foundation

Established in 1999, the Confederation of Real Estate Developers’ Associations of India (CREDAI) brings together more than
11500 Real Estate Developers from 156 city chapters across 23 states of India. As the apex body for private sector developers, CREDAI has consistently worked to make the industry more organized and progressive. CREDAI has developed into a preferred platform with regard to national discourse on housing and habitat through its close and deep networking with government, policy makers, investors, finance companies, consumers, real estate professionals and developers.
CREDAI’s code of conduct promotes self-governance and ethical practices and is adopted voluntarily by all its members. CREDAI is also a knowledge sharing forum for the latest industry data, technology advancements, industry benchmarks and international situation from time to time.

Introduction

OBJECTIVES OF CREDAI

  • 1. To propagate an ethical code of conduct for all the members on voluntary basis so as to uphold integrity transparency in the profession of Real Estate Development.
  • 2. To represent the developers across India by communicating representing with the government for the advancement of housing, habitat and real estate. Policies for this sector.
  • 3. To encourage - support the developers to increase their efficiency in the development /construction activities by introducing the latest technologies.
  • 4. To disseminate the data, statistics other related information in the sector.
  • 5. To promote the interest of construction workers to educate them on the best practices.
  • 6. To encourage research in the profession of construction real estate development.
  • 7. To facilitate easy housing finance availability to the property purchases and construction finances to the developers by working in close coordination with the leading house finance institutions banks.
What Is

CREDAI

1.     CREDAI is a recognized partner for the government. CREDAI is represented on Committees set up to formulate policies relating to housing and habitat. Some of the important initiatives that CREDAI has been associated include the Housing and Habitat Policy 2007, the Steering Committee for Urban Developing, Housing and Poverty Alleviation for the 11th five-year plan, Committees of the Bureau of Indian Standards (BIS), Bureau of Energy Efficiency (BEE), Planning Commission and others.
2.     CREDAI’ s efforts have resulted in the abolition of urban land ceiling, rationalization of stamp duty, modification of the environmental impact assessment rules, amendments related to service tax. During the economic crisis of 2008-09, CREDAI influenced the announcement of stimulus package that aided Real Estate Industry. The goal of Housing for All by 2022 adopted by the Government in 2014 is an answer to CREDAI’ s long and relentless campaign for Housing. The goal clears the path for CREDAI members to come forward and contribute their entrepreneurial skills and financial resources towards the mitigation of housing shortage, estimated at 18.78 million units, as well as to spur GDP growth through the backward and forward linkages of housing to about 250 other industries.
3.     CREDAI as an outcome of its Conclave 2014 held in Delhi, has become the first among the associations of industry to adopt Swachh Bharat mission as an organizational endeavor. A campaign has been launched for zero garbage in the housing complexes being developed by CREDAI and members based on experience in Kochi.
4.     Real Estate sector is one of the largest employers in India. CREDAI is committed to set up Greenfield institution for Skill Development in Real Estate Sector to provide more job opportunities and skilled manpower for the sector. CREDAI contributed Rs 51 lakhs towards the share capital of the National Skill Development Corporation (NSDC). Under the aegis of Kushal programme, CREDAI for the first time among Industry Associations has pledged to provide vocational and technical training to labor on-site. Under Kushal, 138 centers have been opened by 75 developers with about 60 expert trainers.
5.     CREDAI is working with the Indian Banks’ Association to improve the funding situation for real estate.
6.     Above all, through its relentless efforts, annual conferences and media interaction, CREDAI has established the critical importance of real estate to the GDP of India on the minds of the government and the people.
7.     CREDAI has been organizing National Convention (NATCON) and National Conclave every year.
8.     The Conventions and Conclaves in the past have been addressed by the then Minister for Finance, Urban Development, Housing and Urban Poverty Alleviation, Environment, Forest and Climate change, Drinking Water and Sanitation, Skill Development and Entrepreneurship, Labor and Employment, Power, Coal, new and Renewable Energy, Commerce and Industries, Vice Chairman Planning Commission, Members of Parliament, Member of Planning Commission as also Chief Ministers of various states. All the previous NATCON and Conclave have been well attended by 600 to 1000 delegates.
9.     National Convention (NATCON) and National Conclave of CREDAI provides a unique opportunity not only to its Members but to the representatives from allied industries as well to understand different markets across India but it also provides a learning opportunity to all the delegates.
10.     It offers a different platform to network with the key decision makers from the Indian Real Estate Industry as this event is being organized by the apex body itself.


Mission

To establish CREDAI chapters in 80% of the urban areas; to get every member developer to sign a transparent Code of Conduct to pursue the government to implement reforms in land, tax, administrative and fiscal areas to achieve surplus affordable housing and higher GDP , to promote skill development program at all levels of management from bottom to top by establishing Institutes of excellence and research; to enhance knowledge in aesthetic design and efficient execution of projects of members through conventions and other avenues.

Vision

To be an organization of developers with high degree of integrity, to harness the credibility to gain respect from every stake holder, to assist the government to achieve housing surplus status, to create adequate urban infrastructure, to facilitate skill development, towards contributing substantially to GDP.