Wednesday 26 June 2013

Confederation of Real Estate Developers Association of India (CREDAI)

Real estate is one of the booming industries in the Indian economy for future business. With this opportunity the numbers of realtors are increasing across many cities of the country. It requires effective rules and regulations to maintain the standard of real estate services to the people. Confederation of Real Estate Developers Association of India (CREDAI) is one of the well known chambers of the Indian business sector.

Any discussion involving the country wide real estate geography, along with the regulations and policies governing the sector, the name that goes undoubtedly mentionable is CREDAI. Established with the objective of disseminating authentic details on the prevalent trends in the real estate domain across the country, CREDAI’s primary principle focused on creating an organized and progressive real estate industry, thus scripting an ethical code of conduct to be mandatorily followed by all the 3500 organized builders and developers from 18 states in the country.
Property Floor
Adopting the vision of Pratibha Patil’s ‘slum free India’, CREDAI has been actively involved in roles of uniting real estate developers on a common platform facilitating the stakeholder interactions that encounter government bodies, professionals and consultants. The organization of support functions like workshops, events and grievance redressed to consumers, reflects CREDAI’s dedication towards the improvement of the image of real estate consultants or agencies in the eyes of its stakeholders.

CREDAI renders services like raising relevant issues in government and non-government forums, suggesting alteration of policy and providing the developers a unified front. In addition, CREDAI also helps members obtain expert advice on specific topics. Proactive policies and rules ensure the maintenance of forum integrity, further strengthened by development of innovative construction techniques, sharing of statistical data, campaigning the interests of construction workers and their education. Since its inception, CREDAI has marched ahead creating as well as milestones in the field of Environmental Impact Assessment, Service Tax on Commercial Rentals, Special Residential Zones, Urban Land Ceiling, Stamp Duty Rationalizing, Real Estate Financing. The two actively performing units namely CREDAI Bengal and CREDAI NCR act strategically as the pillars in Indian Real Estate industry.


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