CREDAI: The Voice of India’s Real Estate Industry

The Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for private Real Estate Developers in India. CREDAI represents 13000+ Developers spread across 21 State level Chapters and 230 City level Chapters in India. It’s numerous initiatives and activities help developers come together and work towards better practices, improved customer service and a stronger realty industry.

Changing Face of the Developer

Responding to an increasingly well-informed consumer and keeping in mind the globalization of the Indian business outlook, real estate developers have also shifted gears and accepted fresh challenges.

The most marked change has been the shift from family owned businesses to professionally managed ones. Developers, in meeting the growing need for managing multiple projects across cities, are investing in centralized processes to source material and organize manpower and hiring qualified professionals in areas like project management, architecture and engineering.

The growing flow of foreign direct investment (FDI) into Indian real estate is encouraging increased transparency. Developers, in order to attract funding, have revamped their accounting and management systems to meet due diligence standards. Customers have also benefited from a hassle-free accounting system.

The modern real estate developer is keenly informed about market trends, basing his information on market research and rich experience. Young business leaders, armed with management degrees and international exposure, have also added value to this positive trend.