The main objectives
of the CREDAI are as enlisted below.
To perpetuate a self-imposed
ethical code of conduct that is mandatory
for all the member developers/builder of CREDAI to maintain integrity
and transparency in the profession of real estate development.
To represent the developers/builders
across India by communicating and
representing with the government authorities for the formulation of
proactive policies for this profession.
To encourage support the
developers/builders to increase their
efficiency in the development/construction activities by introducing the
To disseminate the data,
statistics & other related information in this
profession of real estate development.
To promote the interest
of construction workers and to educate them on
the best practices.
To encourage research in
the profession of construction & real estate
To facilitate easy housing
finance availability to the property purchasers
by working in close coordination with the leading housing finance
institutions & banks.
CREDAI holds the National Convention
a year and also holds several city,
state and regional level conference & technical seminars.
CREDAI holds the Exhibitions
in various cities across the country viz. Delhi,
Mumbai, Bangalore, Kolkata etc. and also organizes exhibitions in the Gulf viz.
Dubai, Muscat, Kuwait, Saudi Arabia, London (U.K), U.S.A., Far East etc.
CREDAI has initiated several real estate
market research projects to
locate/understand the demand-supply ratio in the various cities.
CREDAI protested against the
steep rise in the prices of cement, steel & other
construction materials, which would translate into the escalation in the prices
to the property purchasers.
a) To enable transparency in the business practices in each & every project.
b) To ensure the quality of construction & timely completion with a focus on
the infrastructure needs and labour welfare.
c) To ensure consistency in the business practices across the country.
a) Abolishment of the ULC act.
b) Tax concession to the property purchase seeking the housing
finance/home loans and to the builders/developers undertaking the residential
c) Expedite sanctions of the projects by encouraging the adoption of fast track
mechanism by the local government authorities.
d) Proactive policies for the IT & IT based services in the form of property tax
e) Opening of the FDI market in the real estate to enable the slum
rehabilitation & low income/low cost housing.
f) URIF ULIF funds to encourage the state government & cities to bring out
reforms in the real estate infrastructure.
To bring about the rationalization
on stamp duty of 2 to 3% as suggested
in the National Housing & habitat Policy (1998) of the Government of
To bring in amendments in the
rent control act at least in the
prospective rentals & remove anomalies thereafter.
To enable the uniformity & rationalization
of property tax rates across
To enable setting of
regulatory commission to review the zoning
To encourage the real estate
mutual funds & real estate investments
To encourage the diversion
of pension, provident fund & insurance
sectors into the real estate sector.
To ensure the implementation
of all the aspects covered in the National
Housing & Habitat Policy & the 10th year plan (2002-2007).
To review and update
National Housing and Habitat Policy.
To ensure the fulfilment of
National Agenda which has set a target
of the 2 million houses (0.7 million units in urban & 1.3 million units in
To represent to the
Government for evolving policy on low cost/low
income mass housing.
To encourage IT & ITES
services in smaller towns by bringing out the
To encourage the nationalized,
co-operative banks & other sectors such
as insurance, PF, mutual funds etc. to invest in the real estate sector.
To encourage establishment of
Real Estate Development Training and