Hon’ble Minister of Housing and Urban Poverty Alleviation, Govt. of India. Kumari Selja unveiled the new logo of CREDAI -Confederation of Real Estate Developers’ Associations of India which will work as the new identity of the body.

The new logo of CREDAI reflects the fresh resolution of the team for Mission Transparency. Hon’able minister of Housing and Urban Poverty Alleviation, Kumari Selja complimented the team for having devised a logo that strives and inspires to grow in terms of quality and quantity, saying “CREDAI has always been instrumental in infusing the zeal and responsibility in the real estate sector. 

CREDAI has established mechanism for accountability and transparency in the sector which will ensure speedy solution of disputes.  Housing and Urban Poverty Alleviation ministry has also drafted a new regulatory and development bill which will be available on public domain for the suggestions from the developing community and masses, the sector will continue to grow by leaps and bounds and government is looking forward for constructive relationship with CREDAI”. 

CREDAI’s new logo launched today, presents the newest identity of the apex body of Real Estate in India. This new logo to be featured on all internal and external identities of CREDAI envisions depicting a harmonious balance between the colours representing Earth-Green and Maroon.

Speaking on the occasion Sushil Mantri, President CREDAI -Karnataka said “We are extremely proud to unveil CREDAI’s new logo. The color Green in the logo symbolises freshness of thought and our commitment to save the environment, which is one of the standpoints of CREDAI ideology. The Maroon colour on the arrow symbolises courage and strength which creates an interesting visual. 

It also signifies growth and secondly, the maroon roof represents shelter. Also we are glad to announce the inauguration of CREDAI Conclave 2011 which will expect participation of over 1200 delegates including developers, influencers, decision makers, financing institutions, professionals, representatives of stakeholder groups and distinguished individuals from across the Real Estate spectrum of the country and abroad on a common platform.”

A .Balakrishna Hegde, Executive Committee Member, CREDAI - National says “The new CREDAI logo can be perceived as the new identity of CREDAI which is merely an external manifestation of the quiet and dramatic change that is taking place internally. CREDAI  had recently embarked on an agenda called “Mission Transparency” by introducing a Code of Ethics nationally  to bring about a radical change in the functioning of the Developers. Through this mission, CREDAI is striving to remove the wrong stigma attached to the Real Estate Developers in the past. 

Therefore, the new logo is only the change in external appearance depicting the internal transformation in CREDAI”.

The up-coming event CREDAI Conclave-2011 to be hosted by the Confederation the apex body representing private Real Estate developers in the country. This will be held at the Hotel Taj Palace, New Delhi on the 24th and 25th of November, this year.  Eminent speakers and attendees from Central and State Government, renowned and legendry speakers around the globe and the face of young India   are expected to address in the first of its kind mega conclave of the Real Estate sector in India.

Widely recognized as the most anticipated real estate gathering of the Real Estate sector of the country, the CREDAI Conclave-2011 will Based on the agenda of ‘Mission Transparency-Reassess, Realign, Reform’. The Conclave will aim to influence the formulation of a stronger growth platform for this industry, collate a common goal in building transparency while overcoming its obstacles and providing the necessary stimulus for realigning its growth.

Through the Conclave, CREDAI will seek to address the most pressing roadblock in the development of real estate sector of the country- Corruption, and will aim to create better transparency in the sector which will thus enable a faster growth of the sector.  Pradeep Jain, Chairman, CREDAI said, “Damaging the impetus of real estate sector’s growth, the shackles of low transparency have become a blockade for the entire developer community and are pulling down India’s position as the preferred destination of investments globally. 

In the recent past, the real estate industry has been despoiled in the news, more for its unclean affairs than being projected in the light of prolific businesses and contribution towards nation building. Most in the business have been the victims and facing the brunt rather than the few beneficiaries out there to spoil the game. Thus we aim to end the draconian arrangement and pave a way for better transparency which will thus make the Real Estate sector a bigger factor in the growth of the country.”

Revolving around the theme of ‘Mission Transparency-Reassess, Realign, Reform’, the Conclave will aim to engage the Generation Next where on the first day the young Indian developers will spell out their ambition, ideas, requirements and expectations for the new skyline of Indian Real Estate. An important aspect to be covered in the CREDAI Conclave this year will be the inauguration of the CREDAI Youth Wing where youth icons of the county are expected to talk about the role that the youth is expected to play is the progress of the country  Lalit Kr. Jain, the President of CREDAI says, “Transparency is an issue which is high on our priority list. 

But unfortunately, the lack of it is hampering the growth of the Real Estate sector. People attribute the slowdown of the real estate sector to the high input costs on the part of the developer, which actually is nothing more than the inherent corruption in the system. Through this conclave we aim to cleanse the profile of the developer community and wish to bring in more transparency into the system. It is a time to ask questions, do a self-realization check, build a common goal, overcome the hurdles in its path and provide an impetus to redraw the growth of the industry.” 

He adds, “The Conclave over the period of two days will have brainstorming sessions on understating the role of Central, State and Municipal Government as promoters of transparency; empowering Financial Institutions for a smoother and sustainable fund flows; the need of an effective regulator and the voice of a consumer; state-wise real state growth patters and feedback from CREDAI working committees across states to achieve this common goal of the developer panel.” The theme of the Conclave will among other important issues facing the Realty sector will talk about the urgency for ‘A Single Window System for Faster Plan Approval’ and a ’Code of Conduct’ for the developers to foster ethical commercial practice based on standardization towards better interface with consumers- the Twin Pillars of Mission Transparenc