Signs MoU with Maharashtra Government to ‘Build in Mumbai’
MCHI-CREDAI, Mumbai & MMR chapter of India’s apex developers’ body CREDAI signed a MoU with the Maharashtra Government to build 5.69 lakh affordable homes in the Mumbai Metropolitan Region with a proposed investment of 1.10 lakh core during the 'Make in India' event held last week. This MoU is a major step towards Maharashtra Government’s vision of ‘Build in Mumbai’, which aims to provide 11 lakh affordable houses by 2020. This agreement is slated to bring 75,000 crore revenue to the State Government in the form of taxes.
This is a major step for CREDAI towards its commitment for the mission of ‘Housing for All by 2022’. As a responsible body of real estate developers, CREDAI has been working on various facets to bring about efficiency and transparency to the sector. Alongside offering homes to common man for dwelling, CREDAI is certain that this initiative will also help in generating employment opportunities. - In this pursuit, CREDAI is also contributing to the ‘Skills India’ mission by implementing skills training programmes for construction workers across the Country with recent rollouts in Mumbai and Gujarat.
Commenting on the way forward of the MoU, Mr. Getamber Anand, President - CREDAI National said, “We are thankful to Government of Maharashtra for signing this MoU with us. It shows the importance that has been given to the housing sector. Housing is a national need and the Maharashtra Government signing MoU with CREDAI is a benchmark effort that other states can reflect upon. With a strong member force of over 11,500 across the country, CREDAI appeals to all other State Governments to help us so that together we can achieve the goal of `Housing for All by 2022’ and provide a home to each and every citizen of India.”
Real Estate Sector is the backbone of Indian economy, contributing 8.53% of the total GDP of the country. It is also one of the largest employer in the country employing over 35 million workforce. CREDAI has been working closely with NDSC & CDSCI for training and upskilling the construction workers in various aspects such as masonry, tiling and bricklaying. This training focuses on making these workers more employable while increasing the quality of their work and life at the same time.
Maharashtra Government’s collaboration with the Developers’ body will not only on look at creating affordable houses, but also increasing employment opportunities, better overall quality of output and contribution to India’s growth agenda.
Established in 1999, The Confederation of Real Estate Developers’ Association of India better known as CREDAI is the apex body for private real estate developers in India, representing over 11,500 developers through 24 states and 156 city chapters across the country. CREDAI has organized the industry and is accepted as trusted partner with Government representatives, policy makers, investors, finance companies and consumers.