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Press Releases

Press Releases

May 27, 2020

RBI Representation for amendment in Circular- 26.05.2020


The Governor, RBI

Subject: RBI/2019-20/53 DBR.DIR.BC.No.14/13.03.00/2019-20 dated September 4, 2019 to NBFCs/HFCs

Dear Sir,

During the current crisis emanating from the COVID-19,the RBI vide its announcements made on 27th March, 2020 and 22nd May 2020 has proactively come up with various announcements to infuse liquidity in the system including reduction in repo rates and reverse repo rates, moratorium of three months each on payment of all instalments falling due between March 1, 2020 and August 31, 2020 etc. Even before COVID -19, the RBI has been reducing the repo rates and the reverse repo rates consistently through multiple announcements.…

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May 25, 2020

CREDAI writes an Open Letter to the Hon’ble Prime Minister of India  For Survival of the Real Estate Sector

25th May 2020 | Delhi/NCR :  The apex developer’s body representing more than 20, 000 developers across the country  have written an open letter to Hon’ble PM Sh. Narendra Modi seeking immediate measures to revive the ailing real estate sector, which remains one of the most affected sectors due to COVID 19. CREDAI has stood with the government in these unprecedented times by contributing and providing food, shelters, mobile dispensaries, ICU’s and setting up hospital facilities, medical aid for the affected people and migrant labourers (about 52 million employed in the sector)

In this distressful situation arising out…

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February 15, 2020

CREDAI Hosts the 3rd Edition of ‘New India Summit’ in Naya Raipur


Focuses on the challenges and solutions for development and growth of Real Estate sector in non-metro cities

 - Launches CREDAI Awaas Mobile App - a discovery platform to make home buying easy and transparent

 - Committed to impart skill training to 75000 construction workers by 2021


15th February, Naya Raipur: CREDAI hosted the 3rd Edition of “New India Summit” today at Naya Raipur, with the objective to foster development and strengthen the roadmap for growth of real estate in non-metro cities. The summit aims to address the challenges faced by the realty developers in non-metros and discuss…

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January 17, 2020

CREDAI handed over flat allotment letters to the families of Pulwama Martyrs


 - 9 flat allotment letters were handed over in Delhi-NCR

- CREDAI to provide free house maintenance in all the allotted flats for 5 years


Delhi/NCR, 17th January 2020: Recognizing the contribution and sacrifices made by the Pulwama martyrs, the apex body of private real estate developers, CREDAI  today organized a ceremony in Delhi / NCR to hand over flat allotment letters to the families of Pulwama martyrs. The ceremony was organized in the esteemed presence of Shri D. S. CHAUHAN, IPS, NS, IGP, members of CRPF and the developers who have donated the flats.

Standing in complete…

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January 10, 2020

CREDAI Signs a Memorandum of Understanding with Building and Construction Authority (BCA), Singapore at the 3rd edition of CREDAI ‘Youthcon 2020’


-              The theme of this year's YouthCon is Powercon 2020- ‘Empowering Minds to Enrich Business’

-              Pledges to spearhead Indian Realty’s growth through technology and entrepreneurship


10th January 2019, Goa: CREDAI, the apex body of private real estate developers in India, today, hosted its 3rd edition of ‘Youthcon 2020 - Empowering Minds to Enrich Business’ in Goa. Reverberating the success of its previous editions, CREDAI signed a Memorandum of Understanding (MoU) with the Building and Construction Authority (BCA), Singapore. The MoU will create a platform for real estate companies, consultants, vendors and other stakeholders from both the countries…

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November 4, 2019

CREDAI addresses key real estate concerns at the first ever National RERA conclave

·        RERA to be exclusive legal forum for real estate complaints

·        Viable projects be given the option of onetime restructuring of their loans


Lucknow, November 4, 2019: Representing 12500 members, 21 state and 204 city level chapters, CREDAI, whole heartedly supported the government in its endeavour to develop a roadmap for accelerated development of the sector, at the first ever National RERA Conclave, organised by Uttar Pradesh Real Estate Regulatory Authority (U.P. RERA) along with Government of India and Government of Uttar Pradesh. The Conclave created a platform for property developers, buyers, regulatory authority and other stakeholders to…

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August 6, 2019

CREDAI - CBRE report “Exploring the Future” identifies key trends paving the way for growth of Real Estate in 2030


Tel Aviv, Israel, August 6, 2019: CREDAI in association with its knowledge partner CBRE, today released a report “India 2030 – Exploring the Future” at its 19th Annual International Convention, NATCON 2019 in Israel. The report encapsulates the potential of Indian economy by 2030 and its implications on the growth of Indian Real Estate sector. As per the report, India is projected to have a USD 9 trillion economic opportunity by 2030, wherein the per capita income could touch USD 5,625 for a population of about 1.5 billion and required annual spending on infrastructure will touch 7-8% of its…

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May 30, 2019

CREDAI Signs MOU with IGBC to Accelerate Green Building Movement in India


 - MoU signed at the CREDAI Youth Wing and CREDAI Women Wing Installation Ceremony

 - To Construct Green Building projects in 5 Cities – NCR, Bangalore, Hyderabad, Mumbai & Pune

May 30th, Hyderabad: CREDAI, the apex body of private Real Estate developers with a strong base of over 12000 member developers present in 23 States & 205 City Chapters across India, today signed a Memorandum of Understanding (MOU) with the Indian Green Building Council (IGBC) to accelerate the push towards the Green Building Movement in the country. The MOU, which will also see the two organizations come together…

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March 31, 2019

CREDAI announces “Change of Guard” for 2019-21


 - Satish Magar takes over as new CREDAI President with a mission to “Transform Indian Real Estate”

 - CREDAI to Plant 5 lac Trees across India in the next two years

 - CREDAI to expand by 100 more cities with a robust penetration into Tier 2, 3 & 4 cities

 - Aims at Building a Stronger Skilling Ecosystem - Targets Skilling of 1 lac Construction workers over the next two years


Pune, 31st March: CREDAI, the apex body of private Real Estate Developers with a strong base of over 12000 member developers present in 23 States…

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March 11, 2019

CREDAI Identifies Homes for Families of Pulwama Attack Martyrs across 15 states


- CREDAI Identifies Homes for Families of Pulwama Attack Martyrs across 15 states

- CREDAI to provide free house maintenance for a span of 5 years

11th March: Following its humble gesture to offer houses to the families of Pulwama terror attack martyrs, the apex body of real estate developers, CREDAI has identified 30 homes for the same, while details of other houses shall also be determined in the near future. These houses are situated in the respective home cities or states of the soldiers including Uttar Pradesh, Rajasthan, Uttarakhand, Tamil Nadu, Bihar, West Bengal, Odisha, Madhya Pradesh, Jammu…

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