Understanding CREDAI: Navigating the Confederation of Real Estate Developers' Associations of India

If you are someone who has even remotely had a tryst with real estate, you may have encountered the term CREDAI. CREDAI is fairly omnipresent, and the mention of it often pops up in newspapers, magazines, and the like. It is an apex body representing the interests of real estate professionals, homebuyers and construction industry workers in India. 

So, what is CREDAI? Well, there’s a lot to unpack here! We have gathered the imperative information right here! In the following paragraphs, we will discuss CREDAI, what it does, and what imperative things someone venturing into the world of real estate in any format must know about! 

What is CREDAI? 

CREDAI is the Confederation of Real Estate Developers' Association of India. Established in 1999, it is an apex body of private real estate developers in India. It was constituted with a vision of transforming the landscape of the Indian Real Estate industry. As of today, the organisation represents the interests of more than 13000 developers across 217 city chapters in 21 states of India. 

And where are the headquarters of CREDAI? The main office of CREDAI is at the August Kranti Marg in New Delhi. CREDAI has 217 City chapters. 

What does CREDAI do?

CREDAI works in various arenas. It promotes and represents the real estate industry in India and organises events, seminars and conferences where collaborations and the sector's potential are showcased. It also advocates bringing transparency and protecting the interests of homebuyers, addressing a social development agenda focused on the welfare of construction workers through its CSR initiatives. 

What are the benefits of CREDAI?

There are numerous benefits of CREDAI. Please note that some of these benefits are exclusively available only to members. These include 

• Access to industry information on real estate updates on all imperative regulations, reforms and government policies. 
• It also offers the opportunity to connect with like-minded people and professionals from the real estate world who can guide better and provide more information on real estate investments. 
• Involvement and active participation in debate and discussion for strategic action (a member-only benefit) 
• Enhancing the perception of the real estate industry in the general public using social activity on education, labour welfare and skill development (a member-only benefit)

One question that a lot of people tend to ask is whether CREDAI is private or government-based? The answer is that CREDAI is an organisation of private real estate developers. 

What is CREDAI CSR?

CREDAI CSR Foundation(CCF) is the CSR arm of CREDAI, which was constituted in 2015 to bring synergy in the work done and contribute to social and environmental relevance issues in the construction world! The organisation focuses on improving liveability and protecting the interests of construction workers by promoting initiatives such as skill development, health, literacy, etc. Areas that are covered under the CREDAI CSR include environmental impact, health and medical care, skill training and development, education, women empowerment and social infrastructure. It has launched many successful drives, such as the Clean City Movement and CREDAI's Skilling Initiative, and has trained over one lakh workers. 

What is CREDAI-MCHI? 

The CREDAI-MCHI is an apex body under the aegis of the national CREDAI. The CREDAI-MCHI comprises members from the real estate industry only in the Mumbai Metropolitan Region (MMR). The organisation has more than 1800 leading developers. Shri Dominic Romell is currently serving as the President of this organisation. It has 13 offices, which include Palghar-Boisar, Vasai-Virar, Mira-Bhayandar, Thane, Uran-Dronagiri, Alibag, Bhiwandi, Shahapur-Murbad, Kalyan-Dombivli, Navi Mumbai, Karjat-Khalapur-Khopoli, and Pen. 

The CREDAI-MCHI recently said it was unfair to attribute rising pollution levels to heavy construction. Multiple other factors need to be taken into consideration that affect the air quality. These include refineries, waste management and power plants. The developers' body added that the recent identification of the M-East Ward with the highest air pollution levels indicates the diversity of contributors, such as the Deonar landfill, power plants and refineries. Their statement highlights that attributing the air quality crisis to just the real estate sector is like oversimplifying a complex issue. It extended its support for initiatives ensuring stricter emissions control from state-run refineries and better and responsible waste disposal practices. 

Conclusion

In a nutshell, we have been able to answer a lot of questions above, starting with ‘what is CREDAI?’. 

CREDAI is a privately run real estate builders’ organisation set up in 1999. It actively represents the interest of the real estate sector to the government of India. It also promotes collaborative opportunities among real estate professionals from various parts of the country. It also extends help to individuals employed in the construction industry and safeguards and protects the interests of homebuyers.