CREDAI hosts New India Summit at Naya Raipur

CREDAI hosts New India Summit at Naya Raipur
CREDAI hosted the 3rd edition of New India Summit at Naya Raipur to foster development in real estate in non-metro cities and address challenges faced by realty developers and discuss solutions. It also launched the 'CREDAI Awaas' mobile app - a credible platform for prospective home buyers to identify projects and contact developers directly, without the involvement of any third party. Users can see projects from 220 cities and 20,000 CREDAI developers nationwide. The app can be downloaded from Apple and Google Play Stores. CREDAI also committed to provide skill training to 75,000 construction workers by 2021. The Construction & Real Estate sector employs 40 – 45 million people, and with the large number of rural migrant workers to urban areas, training them is of utmost importance. Said CREDAI Chairman Jaxay Shah, “The construction & real estate sector has been a major contributor to the country's GDP and is the backbone of the Indian economy. CREDAI has been working for the betterment and growth of the sector." President of CREDAI Satish Magar said that a growth conducive and profitable real estate sector requires attention to detail in every aspect. Digitalization, such as the Awaas app will ensure greater transparency in property transactions as only RERA registered projects will be listed on the platform, and the entire ecosystem needs to address shortage of skilled labor. Anand Singhania, Chairman - MSME Wing, reiterated that creation of new urban centres is of critical importance. "CREDAI has created a special MSME wing to focus on solutions for de-cluttering metros and creating new economic engines of growth. Tier II, Tier III cities remain unexplored and have abundance of scope for real estate development as land is easily available and prices are affordable. Upgrading the infrastructure in these 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,” he said.

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