Established in 1999, the Confederation of Real Estate Developer's Associations of India (CREDAI) is the umbrella organization for the organized real estate developers/builders in India. CREDAI's member roster comprises 20 state/city level associations spread over across 18 states of India, representing over 60% of the organized private state/cities in the country. The states included in the CREDAI membership are Andhra Pradesh, Chattisgarh, Delhi-NCR, Goa, Gujrat, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharastra, Orissa, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh and West Bengal.
CREDAI works in tandem with leading housing finance institutions and banks, so as to facilitate easy housing finance availability to the property purchasers. Every year CREDAI organizes the National Convention, apart from several city, state and regional level conference and technical seminars in order to ensure deliberations among the industry stakeholders. The organization also organizes exhibitions in important Indian cities, such as Delhi, Mumbai, Bangalore, and Kolkata, and in foreign countries, a few of which are Dubai (UAE), Kuwait, Saudi Arabia, London (UK) and USA.
Objectives Of CREDAI
CREDAI has initiated several real estate market research projects to locate/understand the demand-supply ratio in various cities. In a recent development, CREDAI has contemplated forging an alliance with credit rating agency Crisil for assigning mandatory rating to its affiliated members and their projects. As the apex industry body, CREDAI strives to promote housing and real estate development in an organized manner and interact with Government bodies regarding various issues affecting the industry.
Apart from the above mentioned objectives, some of the major goals of the CREDAI include collecting data, statistics & other information related to the subject of real estate development. The organization not only works for the benefit of the real estate builders, but also supports the interest of the construction workers, educating them on the best practices. It assists easy housing finance availability to the property purchasers, by synchronizing with the leading housing finance institutions and banks. CREDAI also extends its support to the developers/builders for enhancing their efficiency, by introducing latest and modern technologies.
CREDAI espouses an ethical code of conduct, binding on all the member developers/builder of CREDAI, so as to maintain integrity, consistency and transparency in the profession of real estate development. CREDAI has not limited it focus on quality construction and timely completion, but also takes care of infrastructure needs and labor welfare. Moreover, on behalf of developers/builders across India, CREDAI lobbies with the government authorities in order to ensure formulation of constructive policies, some of which are: