Established in 1999, the Confederation of Real Estate Developers’ Associations of India (CREDAI) brings together more than 9000 Real Estate Developers from 152 city chapters across 23 states of India under a single umbrella. As the apex body for private sector developers, CREDAI has worked hard to make the industry more organized and progressive by networking closely with government representatives, policy makers, investors, finance companies, consumers, real estate professionals and developers.

CREDAI’s code of conduct is adopted voluntarily by all its members to promote self regulation and ethical practices. CREDAI also updates its members about the latest industry data, technology advancements, industry benchmarks and international situation from time to time.

The major objectives of CREDAI are as–

• To promote ethical code of conduct voluntarily for all the member developers of CREDAI to maintain integrity & transparency
in the profession of Real Estate Development.
• To represent the developers across India by communicating & representing with the government authorities for the
formulation of proactive policies for this sector.
• To encourage & support the developers to increase their efficiency in the development /construction activities by introducing
the latest technologies.
• To disseminate data, statistics & other related information.
• To promote the interest of construction workers & to educate them on the best practices.
• To encourage research in the profession of construction & real estate development
• To facilitate easy housing finance availability to the property purchases and construction finances to the developers by
working in close coordination with the leading house finance institutions & banks.

Today, CREDAI is a recognized partner for the government and is represented on several committees working at policy formulation, including the Housing and Habitat Policy 2007, the Steering Committee for Urban Developing, Housing and Poverty Alleviation for the 11th five-year plan, various committees of the Bureau of Indian Standards (BIS), Bureau of Energy Efficiency (BEE), Planning Commission and others. CREDAI’s efforts have resulted in the abolition of urban land ceiling, rationalization of stamp duty, modification of the environmental impact assessment rules, several amendments related to service tax and during the economic crisis of 2008-09, CREDAI influenced the announcement of various stimulus package that aided Real Estate Industry.