CREDAI or Confederation of Real Estate Developers Association of India is an autonomous body of over 3500 organized builders and developers from 18 states and cities of India. The CREDAI was formed to organize the real estate industry in India and provide an ethical code of conduct that is mandatory to all the member builders and developers.
In order to maintain integrity and transparency in the realty sector, CREDAI lays down certain rules that need to be followed. CREDAI also voices and represents any proactive policies of the real estate industry in India before the government and other concerned authorities.
Other functionality of CREDAI includes introduction of latest techniques of construction, dissemination of statistical information, promotion of the interests of construction workers and their education. CREDAI also encourages research in the construction and property development. It also facilitates easy financing as it has close associations with many housing finance institutions and banks.
CREDAI holds a national convention once in a year besides several city, state & regional level conferences and technical seminars. Several exhibitions are also organized in major Indian cities like Delhi, Mumbai, Bangalore, and Kolkata along with major world trade centres like Dubai (UAE), Kuwait, Saudi Arabia, London (UK), USA and other places.
Two of the coherent members of CREDAI are:
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CREDAI Bengal (formerly City Developers’ Forum — CDF):CREDAI Bengal was founded in 1989.
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CREDAI NCR:CREDAI NCR includes over 80% of the organized real estate builders and developers of Delhi and NCR.
For further info on CREDAI and its activities or details about the members CREDAI Bengal and CREDAI NCR refer to the official website of CREDAI. The site also provides latest real estate developments in the city.