Established in 1999, the Confederation of Real
Estate Developer's Associations of India (CREDAI) is the umbrella
organization for the organized real estate developers/builders in
India. CREDAI's member roster comprises 18 state/city level
associations spread over across 17 states of India, representing
over 60% of the organised private state/cities in the country.
As the apex industry body, CREDAI strives to promote housing and
real estate development in an organized manner and interact with
Government bodies regarding various issues affecting the industry.
CREDAI espouses an ethical code of conduct, binding on all the
member developers/builder of CREDAI, so as to maintain integrity
and transparency in the profession of real estate development.
Moreover, on behalf of developers/builders across India, CREDAI
lobbies with the government authorities in order to ensure
formulation of constructive policies.
CREDAI works in tandem with leading housing finance institutions
and banks so as to facilitate easy housing finance availability to
the property purchasers. Every year CREDAI organizes the National
Convention and several city, state and regional level conference
and technical seminars in order to ensure deliberations among the
CREDAI has also initiated several real estate market research
projects to locate/understand the demand-supply ratio in various
cities. In a recent development, CREDAI has contemplated forging
an alliance with credit rating agency Crisil for assigning
mandatory rating to its affiliated members and their projects.