CREDAI Bengal is the state’s chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India. CREDAI represents over 11500 developers through 23 state and 166 city level member associations. In West Bengal, CREDAI Bengal has three chapters and now has more than 300 members, witnessing a fast growth in membership.
CREDAI Bengal has adopted ‘Mission Transparency’ in order to perpetuate an ethical code of conduct, which is self-imposed and it is mandatory for each CREDAI Bengal member to sign a Code of Conduct enshrining integrity and transparency.
CREDAI Bengal continually endeavours to maintain relationship with the different stakeholders of the industry like the Government, the customers, the financiers, the technology providers and the society at large. CREDAI Bengal also works towards formulation of proactive policies in areas of affordable housing, EWS housing, social infrastructure creation etc.
In its bid to establish direct contact with customers at large, CREDAI Bengal organizes two of eastern India’s largest property shows, Home Front and Realty Expo. These are annual shows that bring under one roof the best properties available in Bengal so that the buyer can take an informed decision and put his money in a safe transaction. Worthy of mention is that CREDAI Bengal has introduced a Grievance Cell which registers complaints of consumers who bought property from CREDAI Bengal members, acting as a mediator in these cases, thus striving to arrive at an amicable solution between the two parties through its mediation committee.
For the members, CREDAI Bengal organizes Open Houses where all members are invited to reflect their opinions and views on specific issues. It also regularly holds numerous events with leading experts from the sphere of real estate, finance, engineering, architecture, environment, technology etc., with an effort to involve its members in an interface of wider knowledge-sharing.
Apart from real estate, CREDAI Bengal also strives to promote West Bengal as a significant investment destination with Kolkata at its fulcrum. To this end, CREDAI Bengal members are actively involved in developing sustainable social infrastructure related to IT/ITeS, hospitals, hotels, warehouses, malls and similar amenities.
CREDAI Bengal has addressed the urgent need for skilled workers in construction industry through the national skill development programme. Skilling programmes are currently being undertaken to train a 1000 construction workers in Bengal. Free Health Camps for on-site labourers are also an integral part of the CREDAI CSR initiative, spearheaded by the Youth Wing of CREDAI Bengal. In the last phase of the camps, supported by the members, 10,000 labourers were offered free medical check up across 69 construction sites.
CREDAI Bengal, in partnership with the West Bengal government, are also running courses at ITI, backed by faculty selected from real estate industry. The successful can also find placements in real estate industry units. 1200 people have already been covered by these courses and CREDAI Bengal expects to raise this number to 10,000 trained professionals who will over time be gainfully employed by the state’s growing real estate sector.
In the arena of developer – consumer connect, CREDAI Bengal has been doing an important task of mediating between developer-member and customer-complainant with the aim of resolving valid grievances of customers. This has generated awareness and sensitivity among customers about their rightful receivables.
CREDAI Bengal is not just focused on development within the state of West Bengal, but is also engaged in working with various CREDAI chapters in the contiguous states of Eastern India.
(a) Developer – Government Interface
(b) Developer – Consumer Connect
(c) Corporate Social Responsibility
(d) Skill Formation & Up-gradation
(e) Research on specific issues concerned with the real estate sector.