Credai-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 solutions to enable fast-paced growth for the sector.

The event witnessed the gracious presence of Hon’ble Minister of Transport, Housing and Environment, Forest, Law of Chhattisgarh, Shri. Mohammad Akbar; Chhattisgarh RERA Chief, Shri. Vivek Dhand, industry stalwarts and CREDAI Leadership team.

At the event, CREDAI launched, ‘CREDAI Awaas’ app, the first-of-its- kind project discovery platform to facilitate transparent home buying in India. This mobile app is a credible platform for prospective home buyers, to identify their preferred projects and contact developers directly, without the involvement of any third party. It will showcase projects from 220 cities and witness participation from 20,000 CREDAI developers nationwide. The Awaas app can be downloaded from Apple’s App Store & Google’s Play Store and can be used by both national & international buyers.

At this occasion, CREDAI also committed to provide skill training to 75,000 construction workers by 2021 across the nation, out of which 50% will be from these non-metro cities. It is noticeable that the Construction & Real Estate sector at any given point of time employs 40 – 45 million people, and with the number of people migrating from rural to urban areas in search of livelihood growing every year, an arrangement to train the unskilled workers is of utmost importance today.

CREDAI Chairman Jaxay Shah said, “The construction & real estate sector has been a major contributor to the country’s GDP and is the new backbone of the Indian economy. In order to maintain its status quo as one of the major contributors to the economy, CREDAI has been tirelessly working for the betterment and growth of the sector. CREDAI Awaas app is another step in the direction to improve ease of business and is aimed at enhancing the overall buying and selling experience in the Indian Real Estate sector. It is the only online platform which will connect 20,000 developers across 21 state chapters and 220 city chapters directly with the prospective buyers, ushering the steadfast growth of residential market in India.”

CREDAI President, Satish Magar said ““A growth conducive and profitable real estate segment requires attention to detail in every aspect. Focusing on improved digitalisation of the segment, we believe that the launch of the CREDAI Awaas app will ensure a greater transparency in property buying transactions in India as only RERA registered projects will be listed on the platform.

He further added “In order to ensure an indomitable growth in the sector, the entire ecosystem needs to address the problem of shortage of skilled- labour. CREDAI has always been at the forefront with its skilling endeavours as it realizes its commitment towards the PM’s vision of making India- the skill capital of the world. Taking our skilling initiatives further, we aim to skill at least 75,000 workers by 2021 and improve the employability of people, migrating from rural to urban areas in search of livelihood.”

Anand Singhania, Chairman MSME Wing, CREDAI, “India with its rapid growth and evolving urbanisation trends needs new cities. With the urban sprawl increasing and overburdening the infrastructure in large cities, creation of new urban centres is of critical importance. Keeping the growth agenda of non-metro cities in mind, CREDAI has created a special MSME wing to focus on solutions for decluttering the metros and creating new economic engines of growth for the sector. Tier II, Tier III cities remain unexplored and have abundance of scope for real estate sector to flourish as land is easily available and prices are affordable. Upgrading the infrastructure in tier II/III/IV cities will enable them to attract economic/industrial activity to a great extent and CREDAI will continue supporting the developers in non-metro cities to realize the government’s vision of Housing for all by 2022”

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About CREDAI: Established in 1999, The Confederation of Real Estate Developers’ Association of India, is the apex body for private real estate developers in India, representing over 20,000 developers through 21 states and 220 city chapters across the country. CREDAI has worked hard to make the industry more organized and progressive by networking closely with government representatives, policy makers, investors. CREDAI works towards improvement of ethical standards & business practices in real estate. CREDAI is well-recognized by the Central and State Governments in all its endeavours.

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