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Press Releases

Press Releases

August 1, 2017

CREDAI AppointsCBRE as its Knowledge Partner for the prestigious NATCON 2017

NEW DELHI,August 1, 2017:CREDAI (Confederation of Real Estate Developers' Associations of India), today announced the appointment of CBRE South Asia Pvt. Ltd.the world’s largest real estate consulting firm, as its strategic partner for the 17th edition of NATCON. The event which is CREDAI’s annual international conventionis being organized from 10th to 12th August 2017 at The Park Plaza, Westminster Bridge,London. The convention is expected to see participation from over 1000 top developers from India and several prominent people including the Indian High Commissioner to the UK, Minister of Investments, Government of UK,The Deputy Mayor of London, Members of the British…

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July 22, 2017

CREDAI strengthens Affordable Housing and Skilling movement in Uttar Pradesh

- Launches a new integrated skilling centre atChavra, near Trivandrum, Kerala.

- Union Minister of State Skill Development and Entrepreneurship, Shri. Rajiv Pratap Rudy appreciated the role of CREDAI in enhancing the livelihoods and appealed for mass participation in Skilling to further expedite Nation’s progress

- Hon’ble Minister of State for Finance, Shri. Santosh Gangwar highlighted the avenues in Affordable Housing and urged more and more developers to participate


Lucknow, July 22, 2017: Shri. Jaxay Shah, CREDAI National President, reiterated CREDAI’s pledge for realizing Hon’ble Prime Minister of India, Shri. Narendra Modi’s dream…

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July 15, 2017

CREDAI Launches Skill Training of 2500+ Construction Workers in 30 new Tier 2 & Tier 3 Cities on World Youth Skills Day

- The Skill trainings will be supported by PNB Housing Finance Limited (PNBHFL), Pradhan Mantri Kaushal VikasYojna (PMKVY) 2.0, Centre for Entrepreneurship Development, Govt. of Gujarat and Eastern Coal Fieldfields Limited

- Announces the launch of its First Mobile App to Link Offsite Skill Trainings and Placements - Inaugurates Mobile Skill Classroom in Nashik


15th July 2017, New Delhi: On the occasion of World Youth Skill Day, CREDAI announced the launch of skill training of over 2500 construction workers in 20 new Tier 2 and Tier 3 cities across India.The Skill trainings will be supported by…

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June 5, 2017

11,500+ CREDAI Member Developers take the ‘BLUEGREEN’ pledge on World Environment Day as their commitment to Govt. of India’s Swachh Bharat Mission

- CREDAI Member Developers to distribute Blue Green bins to the new homebuyers for segregation of dry and wet waste

- Launches CCCM Ltd, a not for profit company for the promotion of clean and green India drive at the national level

- Activation of CCCM implemented in 13 Tier 1 and Tier 2 Cities


05th June 2017: On the occasion of World Environment Day, CREDAI extends its commitment to Hon’ble Prime Minister of India’s Swachh Bharat Mission by taking the BLUEGREEN pledge. To drive sustainable environment initiative, more than 11,500 CREDAI member developers took…

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May 1, 2017

CREDAI Hosted the Convocation Ceremony of its First All Women Masons Batch in Chhattisgarh

- A novel initiative to promote Gender Equality in the Construction Sector

- Training supported by PNB Housing Finance Limited under its CSR initiative


Mumbai/Pune/Delhi, May 01, 2017: Confederation of Real Estate Developer’s Associations of India (CREDAI), today hosted the convocation ceremony of its first all women masons batch in Raipur, Chhattisgarh. The event witnessed the gracious presence of Minister of Skilling/Principal Secretary of Labour, Chhattisgarh, Mr. R.P. Mandal; CREDAI – VP Central, Mr. Anand Singhania; PNB Housing Finance Limited (PNBHFL), Business Head – Raipur, Mr. Akhilesh Shrivastav; CREDAI COO – CREDAI Academy of Skilling, Dr.…

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April 24, 2017

SBI & CREDAI come together for sustainable development and affordable housing

Sign a 3-year MoU for the overall development and progression of the sector

Taking forward Government of India’s dream of “Housing for All”, SBI and CREDAI have signed an MOU to collaborate and work towards the development of the Real Estate Sector, specifically through the affordable housing  and green housing projects. The duration of the agreement is for a period of 3 years.

Recently, CREDAI has launched 373 Affordable Housing projects through its member developers across the country for providing 2.33 Lacs housing units. The investment in these projects is pegged at over Rs. 70,000 crores. These projects were…

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April 13, 2017

CREDAI members protest against nationwide unprecedented cement price hike

CREDAI has received numerous complaints and protest mails from its members across India about cement companies hugely jacking up prices of cement thus negatively affecting deliverability of affordable projects. Cement prices have witnessed a sudden jump of 20% to 40% in a short span of 2 months across India, while there are reports that cost of production of cement has remained constant with government according various subsidies to cement manufacturers like cost of power, coal etc. While the Government has laid emphasis on the housing industry and recognised its need, especially the affordable housing segment by awarding it infrastructure status,…

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April 9, 2017

CREDAI’s New President Shri. Jaxay Shah urges developers to join the “Housing for All” mission, launches 375 Affordable Housing projects with an investment of over 70,000 crores

  • Reiterates its pledge for supporting the Government of India achieve “Housing for All” mission by announcing 237000+ houses in India, Gujarat takes the lead with 147+ projects

9th April 2017, Ahmedabad: Shri. Jaxay Shah, the newly appointed President of CREDAI reiterated CREDAI’s pledge for realizing Hon’ble Prime Minister of India, Shri. Narendra Modi’s dream of “Housing for All” by committing to an investment of over 70,000 crores in 375+ new affordable housing projects through its member developers under its various State and City Chapters. The project was inaugurated by Shri M. Venkaiah Naidu, Hon’ble Union Minister for…

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April 9, 2017

PNB Housing Finance signs MOU with CREDAI to train 8000 construction workers pan India

PNB Housing Finance signs MOU with CREDAI to train 8000 construction workers pan India


Aims to train more than 500 construction workers in Gujarat and nearby villages


Gandhinagar, 09 Aril, 2017: Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance today, signed an MOU with CREDAI (The Confederation of Real Estate Developers Association of India) to train 8000 construction workers pan India. The announcement was made at the Investiture Ceremony of CREDAI Executive 2017-19 under the leadership of Sh. Jaxay Shah in Ahmedabad. The announcement witnessed…

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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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