Confederation of Real Estate Developers’ Association of India (CREDAI) is voice of real estate industry with the central, state and local governments. Established in 1999, CREDAI represents more than 11500 real estate developers from 156 city chapters across 23 states of India. As the apex body for private sector developers, CREDAI has constantly worked to make the industry more organized and progressive. CREDAI’s code of conduct promotes self- governance and ethical practices and is adopted voluntarily by all its members. CREDAI is also knowledge sharing forum for the latest industry data, technology advancements, industry benchmarks and international situation from time to time.
CREDAI’s efforts have resulted in abolition of urban land ceiling, rationalization of stamp duty, modification of environmental impact assessment rules, amendments related to service tax. During the economic crisis of 2008-09, CREDAI influenced the announcement of stimulus package that aided Real Estate Industry. The goal of Housing for All by 2022 adopted by the government in 2014 is an answer to CREDAI’s long and relentless campaign for Housing. The goal clears the path for CREDAI members to come forward and contribute their entrepreneurial skills and financial resources towards the mitigation of housing shortage, estimated at 18.78 million units, as well as to spur GDP growth through the backward and forward linkages of housing to about 250 other industries.
CREDAI has been associated with some of the important initiatives that include the Housing and Habitat Policy 2007, the Steering Committee for Urban Developing, Housing and Poverty Alleviation for the 11 the five-year plan, Committees of the Bureau of Indian Standards (BIS), Bureau of Energy Efficiency (BEE), Planning Commission and others.