CREDAI’s ‘New India Summit’ on Nov 9, 10

Source: The Hitavada      Date: 28 Oct 2017 09:42:45


Business Bureau,

The Confederation of Real Estate Developers' Associations of India (CREDAI) is organising a ‘New India Summit’on November 9 and 10 at Grand Rani Kothi, Wardha Road to address the progress and issues faced by the real estate developers from Tier II, III and IV cities in the country. The theme of the event will be ‘Small Towns, Big Capabilities.’ It will be inaugurated by Chief Minister Devendra Fadnavis and Nitin Gadkari, Union Minister for Road Transport, Highways and Shipping.

“The real estate industry, having gone through a radical phase, provides an extremely exhilarating opportunity for all realtors to participate. CREDAI believes an increase in involvement will be beneficial for all. The undoubted potential of Tier II, III and IV cities is also evident from the current growth rate of the industry in non-metro cities which stands at 79 percent, while the same for metro cities is 21 percent. CREDAI, in an attempt to upgrade that number to level high, aims to set up a platform wherein the factors behind the small-scale cities’ long-term sustainable growth can be ascertained and managed,” said Anil Nair, President of CREDAI, Nagpur Metro while addressing a press conference on Friday.

“This summit is targeted to address the issues of city like Nagpur and non-members can also register for the event and take advantage of this national level event ,” he said. In India, there are 12,000 members of CREDAI covering 23 states. Of them, 5,000 members are from Tier-I cities. The remaining 7,000 are from Tier-II, III and IV cities. “Government’s vision --Housing for all-- is possible only, when we resolve the issues of real-estate players from Tier-II, III and IV cities. The aim of the Summit is to boost the confidence of real-estate players and involve general public by creating awareness about various issues,” he noted.

About 900 real-estate players from all over the country would participate in the Summit. “There will be deliberations in detail on ‘Smart City,’ cleanliness, watershed management, green houses, improved infrastructure, construction of low-cost houses etc.,” he added. Sumit Roy from CREDAI National said, “We will shortlist cities from Tier II and III which are making progress. What we should learn from Tier I cities. In association with knowledge partner JLL we are preparing a report which will be released during the Summit. How to connect developers to Swachch Bharat to pan India. Solution providers for waste management will give presentation before Chief Minister.”

Shajai Jacob, Head Marketing and Communication of JLL said, JLL alongwith CREDAI will unexplore the potential of Tier-II and III cities. Mahesh Sadhwani, Vice-President of CREDAI, Maharashtra said, the Summit would provide an opportunity for builders how to move ahead. How to generate funding. The Summit would unmask the vision of India’s future growth. Siddarth Saraf said, , “We will come out with a white paper wherein we will highlight the Nagpur’s potential and how it will drive the growth.”
Sunil Duddalwar, Past President of CREDAI, Maharashtra said, the Summit would give new vision to real-estate players.