After passage of Real Estate (Regulation & Development) Bill, real estate sector has entered a new era. Reputed developers who have customer-centric approach are providing value for money to their customers and are following the rules.
CREDAI members have always been accepting new challenges and are optimistic to perform better in the changed scenario.
Realty sector is second largest contributor to the country’s Gross Domestic Product (GDP) and is one of the largest employers in India. I hope responsible politicians of the country who understand the importance of the growth of this sector will move towards other reforms required for this industry including administrative reforms relating to fast approvals.
India’s real estate sector is now well recognized globally. Confederation of Real Estate Developers’ Association of India (CREDAI) has played an important role in organizing it bringing together more than 11500 real estate companies across the country.
CREDAI, in the past, has protected the interests of the members by getting abolition of urban land ceiling, rationalization of stamp duty, modification of the environmental impact assessment rules etc. and will always promote their interests at local, state and national level.