About Us

ABOUT US

CREDAI

CREDAI (Confederation of Real Estate Developer's Associations of India)is the apex body of the organized real estate developers/builders across India. 20 state/city level associations viz. Andhra Pradesh, Chattisgarh, Delhi-NCR, Goa, Gujrat, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharastra, Orissa, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh & West Bengal spread over across 18 states of India are members of CREDAI with over 3,500 individual members developers encompassing over 60% of the organised private state/cities in the country.

Major Objectives:

The major objectives of the CREDAI are as enlisted below...

To perpetuate an ethical code of conduct, which is self-imposed & mandatory for all the member developers/builder of CREDAI to maintain integrity & transparency in the profession of real estate development.
To represent the developers/builders across India by communicating & representing with the government authorities for the formulation of proactive olicies for this profession.
To encourage support the developers/builders to increase their efficiency in the development/construction activities by introducing the latest chnologies.
To disseminate the data, statistics & other related information in this profession of real estate development.
To promote the interest of construction workers & to educate them on the best practices.
To encourage research in the profession of construction & real estate development.
To facilitate easy housing finance availability to the property purchasers by working in close coordination with the leading housing finance institutions & banks.

Activities Achievements Of CREDAI :

CREDAI holds the National Convention once a year and also holds several city, state & regional level conference & technical seminars.
CREDAI holds the Exhibitions in various cities across the country viz. Delhi, Mumbai, Banglore, Kokata etc. & also organizes exhibitions in the Gulf viz. Dubai, Muskat, Kuwait, Saudi Arabia, London(U.K), U.S.a.,far-east etc.
CREDAI has initiated several real estate market research projects to locate/understand the demand-supply ratio un the various cities.
CREDAI protested against the steep rise in the prices of cement, steel & other construction materials, which would translate into the escalation in the prices to the property purchasers.
CREDAI has formulated a model code of conduct, which is mandatory for it's member...
     a) To enable transparency in the business practices in each & every project.
     b) To ensure the quality of construction & timely completion with afocus on the
          infrastructure needs & labor welfare.
     c) To ensure consistency in the business practices across the country.
CREDAI has represented the organized real estate developers/builders across the country to the government of India on the various issues at the various points of time. This has resulted in the following measures...
     a) Abolishment of the ULC act.
     b) Income Tax concession to the property purchase seeking the housing finance/home
         loans and to the builders/developers undertaking the residential housing projects.
     c) Expedite sanctions of the projects by encouraging the adoption of fast track
         mechanism by the local government authorities.
     d) proactive policies for the IT & IT based services in the form of property tax
         concessions etc.
     e) Opening of the FDI market in the real estate to enable the slum rehabilitation & low
         income/low cost housing.
     f) URIF ULIF funds to encourage the state government & cities to bring out reforms in the real estate infrastructure.

Unfinished Agenda Of CREDAI :

To bring about the rationalization on stamp duty of 2 to 3% as suggested in the National Housing & habitat Policy (1998) of the Government of India
To bring in amendments in the rent control act at least in the prospective rentals & remove anomalies thereafter.
To enable the uniformity & rationalization of property tax rates across the country.
To enable setting of regulatory commission to review the zoning regulations.
To encourage the real estate mutual funds & real estate investments trusts.
To encourage the diversion of pension, provident fund & insurance sectors into the real estate sector.
To ensure the implementation of all the aspects covered in the National Housing & Habitat Policy & the 10th year plan (2002-2007).
To reveiw and update the National Housing and Habitat Policy.
To ensure the fulfillment of the National Agenda which has set a target of the 2 million houses (0.7 million units in urban & 1.3 million units in rural areas).
To represent to the Government for evolving policy on low cost/low income mass housing.
To encourage IT & ITES services in smaller towns by bringing out the policy initiatives.
To encourage the nationalized, co-operative banks & other sectors such as insurance, PF, mutual funds etc. to invest in the real estate sector.
To encourage establishment of Real Estate Development Training and Management Institutions;