Press Releases

Press Releases

November 26, 2016

CREDAI stand on impact of demonetization on Primary Real Estate Market

CREDAI as the apex organization in the real estate industry  affirms that the primary market is funded by banks and financial institutions which are all regulated entities. As such,  cash component is not an integral element of the primary market. Therefore, CREDAI  denies adverse impact on the primary real estate market arising out of demonetization. In fact, the primary segment is expected to gain at the expense of the secondary segment of the market with its compulsive cash component.


In fact, in the aftermath of demonetization, banks are  going to be flush with additional fudns upward of Rs.…

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September 14, 2016

CREDAI Hosts the Convocation Ceremony of Skill Training for Construction Workers Supported by PNB Housing Finance Limited

Confederation of Real Estate Developer's Associations of India (CREDAI) Chennai hosted the Convocation Ceremony of the first batch of Skilling for Construction Workers. CREDAI conducted the program at Isha Homes (India) Private Limited and Olympia Tech Park Private Limited sites through its training partner Rustomjee Academy for Global Skill (RAGC). The training program was supported by PNB Housing Finance Limited (PNBHFL) under its CSR initiative. Under this program 54 trainees were trained at two sites. 72% of the workers who appeared for the assessment passed.

This is a part of a large Pan India initiative undertaken by CREDAI to…

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August 5, 2016

CREDAI 16th NATCON – “Embracing Change” held in Shanghai, China

  • First time hosted an exclusive CREDAI B2B expo, brought 100 Chinese Vendor and Manufacture under one roof

- Launched first-of-its-kind “Housing Data Project” on Indian Housing Industry

- CREDAI & Cushman Wakefield Launched a joint report on ’Embracing Change: Exploring Growth Markets for Indian Housing,”


New Delhi, August 05, 2016: CREDAI 16th NATCON – ‘Embracing Change’ was held from 3rd – 5th August 2016 at Kerry Hotel in Shanghai, China. The event was inaugurated by the Indian Ambassador to China, Mr. Viiay Keshav Gokhale. In his opening remark, he highlighted the importance of International Expo for the growth…

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July 19, 2016

CREDAI Shines at the First Edition of India Skills 2016 Competition

-    The competition was inaugurated by Hon’ble President of India, Shri. Pranab Mukherjee on the occasion of World Youth Skills Day
-    CREDAI participated in the competition as the ‘Lead Partner’ for the Construction Sector 
-    Winners were felicitated by Shri Rajiv Pratap Rudy, Minister of State Skill Development & Entrepreneurship, Government of India

Delhi, July 19th 2016: The first edition of the prestigious national level skill competition, India Skills 2016, organized by Ministry of Skill Development and Entrepreneurship and National Skill Development Corporation (NSDC), successfully concluded at Pragati Maidan. The competition was inaugurated by Hon’ble President of India, Shri.…

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March 7, 2017

Supply-side finance needs to be strengthened to make affordable housing successful

Imbalance of risk between developers and other financing bodies needs to be corrected, say panelists discussing affordable housing

On the second day of the CREDAI Conclave, a whitepaper released jointly by CREDAI and real estate services firm CBRE, gave a positive outlook to the real estate industry saying that the impact of an unprecedented measure like demonetization had only a short-term impact, noting that the industry was already moving towards increased transparency and governance reforms. The whitepaper also said that the sector was likely to witness the inflow of more formal sources of capital, with institutional capital likely to…

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March 6, 2017

“CREDAI will lead the charge to achieve housing for all”

Amidst several challenges, CREDAI members reiterate support for greater transparency and building trust with consumers

The Confederation of Real Estate Developers' Associations of India (CREDAI), flagged off its prestigious annual flagship summit - CREDAI Conclave 2017, at Hotel Taj Palace, New Delhi. The Conclave was inaugurated by Shri M. Venkaiah Naidu, Hon'ble Minister for Urban Development, Housing and Poverty Alleviation in the presence of Sadhguruji and was attended by Sh. Rajiv Pratap Rudy, Hon’ble Minister for Skill Development & Entrepreneurship, CREDAI members, real estate experts, alongside leaders of premier banks and financial institutions.

Spanning over two days, the Conclave…

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