CREDAI

AcronymDefinition
CREDAIConfederation of Real Estate Developers Associations of India
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Under the banner of Credai, a large number of Indian developers will get an opportunity to showcase their projects to the NRI community in the UAE.
Its initiatives have been fruitful in liberalization of FDI and investment regimes, streamlining of approvals and creation of financial instruments culminating in the goal of housing for all by 2022.In order to inspire confidence in the industry, CREDAI has adopted a Voluntary Code of Conduct ensuring highest ethical standards among its members.
"The government ignored our long-pending demands like single window clearance and grant of 'industry status' that would have helped us avail of low-cost funding through banks and other financial institutions," says Amit Modi , Director of New Delhi-based realty firm ABA Corp and also vice president (Western UP), CREDAI.
Getamber Anand, President, CREDAI, believes this has only added to the burden of buyers.
This year's show will witness four distinct regional pavilions - North India, South India, West and Central India, and the Main Pavilion, alongside a special Credai Maharashtra section.
These growth oriented monetary measures combined with the government's fiscal measures should augur well for the industry in 2013." Welcoming the RBI's announcement, the Confederation of Real Estate Developers Association of India (CREDAI) said that the Repo Rate cut by 25 basis points is "just not enough".
The Credai award was conferred and televised to the entire nation in September 2012.
Pradeep Jain, chairman of Confederation of Real Estate Developers Association of India (CREDAI) stated after his meeting with the secretary in charge of banking and insurance, at the ministry of finance that he had received an assurance that the government would consider lowering the cost of funding in the realty sector.
Credai pawb mai angel Duw oedd yr aderyn bach a'i ymweliad eithriadol.
Expressing delight over this landmark achievement, C Shekar Reddy, Chairman IGBC- Hyderabad Chapter & President, CREDAI Andhra Pradesh said, "This milestone has further consolidated India's leadership role in promoting green buildings.
Efforts are also being made to help the victims in tandem with Credai, the forum representing builders who have a relatively better track record in Kerala, said the official.
* Satish Magar - MD, Magarpatta City and President, CREDAI