CREDAI aims to expand its presence from 177 to 300 cities by 2018

15 Nov 2017 CW Team

Focusses its attention towards the development of Tier-II, Tier-III and Tier-IV cities.

The Confederation of Real Estate Developers' Associations of India (CREDAI) aims to expand its presence across India from 177 city chapters to 300 city chapters by 2018. To achieve this ambitious goal, CREDAI organised the New India Summit on the November 9-10 at Nagpur to showcase the potential of the Tier-II, Tier-III and Tier-IV markets and highlight the efforts being expended towards their growth. The theme of the forum, ‘Small Towns, Big Capabilities’ aimed to reinforce the impact of the new government policies and encourage CREDAI’s member developers to increase their contribution in these markets.

Despite the immense development of the metros, the Indian and state governments are constantly implementing plans for new dimensions to the development of the nation. Aligning themselves with one such initiative, CREDAI aims to work towards the Housing for All by 2022 initiative by encouraging their member-developers to focus their projects towards the development of these markets. Where the growth rate for metro cities stands at 21 per cent, the rate of growth of the middle and small towns is a whopping 79 per cent, which prove that these cities have more scope for development.

The New India Summit was organised with an aim to address how the Tier-II, Tier-III and Tier-IV markets need better infrastructure, provision of smooth traffic flows, construction of low cost housing for middle and low income categories by adopting superior construction techniques, advanced business processes for the efficient sale of houses and flats and well-planned utilisation of available financial resources.

CREDAI National President, Jaxay Shah, shares his opinion: “The new era in the Indian real estate provides an exciting opportunity for the entire real estate ecosystem. In order to be able to fully leverage this, CREDAI believes it’s imperative that we work cohesively for the combined growth of the industry and the economy. We will now focus our attention to the development of the Tier-II, Tier-III and Tier-IV markets, and aim to be present across 300 cities by 2018 so that we are able to work closely with the regulatory authority of each city is a more unified manner.”

Focusses its attention towards the development of Tier-II, Tier-III and Tier-IV cities. The Confederation of Real Estate Developers' Associations of India (CREDAI) aims to expand its presence across India from 177 city chapters to 300 city chapters by 2018. To achieve this ambitious goal, CREDAI organised the New India Summit on the November 9-10 at Nagpur to showcase the potential of the Tier-II, Tier-III and Tier-IV markets and highlight the efforts being expended towards their growth. The theme of the forum, ‘Small Towns, Big Capabilities’ aimed to reinforce the impact of the new government policies and encourage CREDAI’s member developers to increase their contribution in these markets. Despite the immense development of the metros, the Indian and state governments are constantly implementing plans for new dimensions to the development of the nation. Aligning themselves with one such initiative, CREDAI aims to work towards the Housing for All by 2022 initiative by encouraging their member-developers to focus their projects towards the development of these markets. Where the growth rate for metro cities stands at 21 per cent, the rate of growth of the middle and small towns is a whopping 79 per cent, which prove that these cities have more scope for development. The New India Summit was organised with an aim to address how the Tier-II, Tier-III and Tier-IV markets need better infrastructure, provision of smooth traffic flows, construction of low cost housing for middle and low income categories by adopting superior construction techniques, advanced business processes for the efficient sale of houses and flats and well-planned utilisation of available financial resources. CREDAI National President, Jaxay Shah, shares his opinion: “The new era in the Indian real estate provides an exciting opportunity for the entire real estate ecosystem. In order to be able to fully leverage this, CREDAI believes it’s imperative that we work cohesively for the combined growth of the industry and the economy. We will now focus our attention to the development of the Tier-II, Tier-III and Tier-IV markets, and aim to be present across 300 cities by 2018 so that we are able to work closely with the regulatory authority of each city is a more unified manner.”