All You Need To Know About CREDAI, India’s Biggest Real Estate Association
The largest real estate association in India, CREDAI, was founded in 1999 and has a huge network of members from all over the nation. By promoting the interests of its members and offering them useful tools, suggestions, and assistance, it contributes to the welfare and expansion of the sector.
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Confederation of Real Estate Developers’ Associations of India is known as CREDAI. It is a top organization at the national level that represents Indian builders and developers of real estate. The group aims to advance the goals of its members & develop India’s real estate market as a whole. Along with promoting honest and ethical business methods, it also attempts to educate and train its members.
About the Organization CREDAI India
CREDAI is a nonprofit organization that collaborates with other associations, governmental agencies, and industry stakeholders to foster a favorable environment for the sector. Additionally, it seeks to develop a well-organized and transparent real estate market in India. CREDAI India has been successful in bringing about a good shift in the Indian real estate industry thanks to its strong presence & advocacy.
The goal of CREDAI is to advance a just and healthy society by promoting, encouraging, and developing the nation’s real estate market. The organization’s main goals are to encourage real estate activities to be conducted in a professional and ethical manner, to foster an environment that will support the industry’s expansion, and to give leadership in the formulation of legislation and policy.
CREDAI offers its members a variety of helpful tools and programmes. The group’s website offers a special section where members may access facts and suggestions on the industry. Members can communicate with one another in the forum in this part and exchange details about their businesses. Additionally, CREDAI India provides an app where members can access real-time company information. The association also hosts conferences and fairs that bring together industry participants and members. These gatherings promote cooperative discussions between participants and other stakeholders, including future clients.
Over 40,000 people are a part of the CREDAI network, which is well-established throughout India’s many geographical regions. The association often hosts forums and events centered on the real estate industry, and these aims to promote cooperative discussions between members & other stakeholders, like potential clients. Users of the network can exchange information pertaining to their business operations and gain insightful knowledge from the experiences of other users.
Influence of CREDAI India on real estate
The employment of dishonest and improper business methods is frequent in the dangerous world of real estate. CREDAI India has created an ethics code that its members are supposed to follow in order to address this problem. To help its members understand the numerous risks connected with the business, the organization also offers risk management training. A committed team at CREDAI works hard to defend the interests of real estate clients. Customers should adhere to a set of rules that the company has outlined when purchasing or selling real estate. These rules are intended to safeguard client interests while also improving their comprehension of the procedure.
To inform them of the demands of the real estate sector, CREDAI periodically organizes conversations with government organizations like the Reserve Bank of India and the Ministry of Finance. The group strives to establish a working partnership with other organizations that are involved in the real estate industry, like the Construction & Risks Analysis Training and Research Center and the Building & Wall Boards of India (BWBI) (CRAiRC).
CREDAI Pan India Centers List
| Sl. No | State | Sl. No | State |
| 1 | Andhra Pradesh | 12 | Tamil Nadu |
| 2 | Karnataka | 13 | Punjab |
| 3 | Madhya Pradesh | 14 | Maharashtra |
| 4 | Bengal | 15 | Bihar |
| 5 | Kerala | 16 | Telangana |
| 6 | Uttarakhand | 17 | MCHI |
| 7 | Chhattisgarh | 18 | UP |
| 8 | Odisha | 19 | Gujarat |
| 9 | Jharkhand | 20 | Rajasthan |
| 10 | Assam | 21 | GIHED (Ahmedabad) |
| 11 | Goa | 22 | NCR |
Newest CREDAI news
In January 2023, CREDAI proposed a number of tax benefits, including an increase in the cap on house loan interest deductions from Rs 2 lakh to Rs 5 lakh. It has also requested information on the state of the industry’s infrastructure and fresh updates to plans for affordable housing in its budget submissions to the Finance Ministry.
A $100 million (about Rs 800 crore) proptech fund was launched in September 2022 by CREDAI and Venture Catalysts to support entrepreneurs wanting to disrupt the real estate business using technology. The money will be used to invest in early- to growth-stage firms that have the potential to change the real estate industry by utilizing augmented reality, blockchain technology, data analytics, AI, and other cutting-edge technologies.
Benefits Of Membership In CREDAI India
A multitude of advantages come with CREDAI membership, including:
- access to information on the sector and updates on governmental laws and rules pertaining to real estate development
- opportunity for networking with other professionals in your field and prospective business partners
- taking part in training and skill-development programmes to stay current with market trends and technological advancements.
- access to the legal and technical assistance services offered by CREDAI
- Opportunities to present projects and win awards for industrial excellence
- lobbying and representation for the sector at the federal level
- access to CREDAI’s events and exhibitions, both domestically and abroad
- advantages of CREDAI’s marketing & advertising initiatives
- access to research, development, technical, and other services provided by CREDAI
Conclusion for CREDAI India
To promote integrity and openness in the real estate sector, the CREDAI creates a set of rules that must be followed. Additionally, before the government and other pertinent authorities, CREDAI speaks up for & represents any proactive activities of the Indian real estate sector.
Distribution of statistical data, introduction of new and improved construction techniques, and promotion of employees’ interests are just a few of the body’s further duties. Additionally, due of its close ties to a large number of banks and housing finance companies, financing is made simpler.
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