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CREDAI and PNB Housing Finance Limited Co-Hosted Alumni Meet for Construction Workers in Nashik

Mon, 2018-Nov-19 23:45


Nashik, November 19, 2018: CREDAI (Confederation of Real Estate Developers' Associations of India), the apex body of private Real Estate developers representing over 12,000 members across India and PNB Housing Finance Limited co-hosted the alumni meet for newly-skilled construction workers in Nashik, Maharashtra.

The meet, conducted on November 19, imparted a range of construction skills — such as masonry, bar bending, shuttering, painting, electrical and fabrication — to the youth and also provided them with better job opportunities.

CREDAI's Skill Development Program which has trained more than 1 lakh construction workers since 2011 is a rare example of an Industry Association stepping in to fill the skill gap in the country. Recently, CREDAI became a training partner with National Skill Development Corporation (NSDC) and aims to train 1 lac construction workers over the next 3 years.

Last year, CREDAI and PNB Housing came together to improve the lives of construction workers – by committing to train 10,000 construction workers by March 2019.

Over the last eight months, unemployed and semi-skilled construction workers are being trained at a skill training centre in Nashik. So far, 815 candidates have been recruited by registered labour contractors, reflecting the success and impact of the training programme.


CREDAI President Jaxay Shah said, “CREDAI has constantly maintained a stance of contributing to the growth of the Indian Real Estate industry’s stakeholders. Through our skilling initiative, CREDAI has been able to successfully transform thousands of lives by conducting theoretical and practical training sessions for construction workers across India. We are extremely proud of our association with PNB Housing Finance Limited and we aim to use this meet as a platform to further impart more knowledge among trainees across the country. As a leading industry body, CREDAI realizes the importance of a skilled workforce towards the development of the industry and the economy which encourages us to enhance the reach of our initiative even more.”


PNB Housing Finance Chief People Officer Anshul Bhargava said, “The training program will boost the professional capabilities of the construction workers, improve their wages and concurrently their family life, and also increase their overall value in the job market. The alumni meet gave the workers the opportunity to engage with executives of CREDAI as well as established contractors. The feedback from the newly-skilled workers was positive, as the training programme helped them to improve both skill and productivity. PNB Housing, along with CREDAI, looks forward to conducting similar training programmes in future and helping construction workers to meet the growing challenges in the construction industry.”



 Established in 1999, CREDAI is the apex body representing 11,500 private Real Estate developers spread across 23 state level chapters and 204 cities in India. CREDAI is a not-for-profit company registered under Section 25 of Companies Act, 1956.CREDAI seeks to create a favourable policy climate to ensure housing for all. CREDAI specially articulates the concerns of private housing providers. CREDAI has become the preferred platform with regard to national discourse on Housing and Habitat through strong networking with Government, Policy Makers, Investors, Financial Institutions and Real Estate Developers. CREDAI is the prime knowledge sharing forum for latest industry data, technological advancements and industry benchmarks.


About PNB Housing Finance Limited

PNB Housing Finance Limited (NSE: PNBHOUSING, BSE: 540173) is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). The Company got listed on the Indian stock exchanges on 7th November, 2016. The Company offer its retail customers “housing and non-housing loans”. The Company is also into construction finance loans to real estate developers. PNB Housing Finance is a deposit taking Housing Finance Company.


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For more Information, please contact:

Meenakshi Chopra