The biggest real estate exposition to augment double-digit growth announced

The Confederation of Real Estate Developers’ Associations of India (CREDAI) as an apex body today organized its regional Patna chapter at Hotel Windsor, Patna. Mr. Narendra Kumar, President,
CREDAI Patna & Director, Kumar Buildcon and Dr. Anil Kumar Sharma, President, CREDAI NCR & CMD Amrapali group discussed about the CREDAI conclave 2013.

The Confederation of Real Estate Developers’ Associations of India (CREDAI) as an apex body aims to bring together more than 9000 Real Estate Developers from 137 city chapters across 20 states of India under a single umbrella. It will continue its legacy of creating a platform for all its members, representatives from allied industries to understand different markets across India, at National Conclave 2013 on December 13- 14, 2013 at newly launched JW Marriott in New Delhi. Over the years, CREDAI has been taking various initiatives to increase the potential of the housing sector and accordingly themes for the conclaves are selected.

This year, the theme for the CREDAI CONCLAVE 2013, is “Housing: The Game Changer; Leading to double digit growth”

Dr. Anil Kumar Sharma, President, CREDAI NCR & CMD Amrapali group, “Today, real estate sector is the largest generator of economic activity contributing 6.3 % to GDP of our economy. Today, to maximize this growth to double digit, CREDAI is making a focused attempt to synergise all the efforts in creating a national congregation for the industry. CREDAI Conclave 2013, at New Delhi scheduled on November 13-14 will build a common platform on a large scale for industry players, dignitaries from ministry and governmental organizations, to put across and engage in the vision for the sector”

In this conclave 2013, CREDAI and Cushman & Wakefield, seek to understand how the potential of the housing sector can be maximized to ensure its contribution to its best capabilities towards the country’s economic growth. A white report will be also unveiled focusing on the contribution of real estate sector to the economy of the country.

The following dignitaries will be there as well at the conclave in Delhi, Minister, HUPA, Government of India

Deputy Chairman- Planning Commission, Government of India, Chief Ministers& Heads of financial Institutions from various states will address the gathering.

The specially designed sessions will bring together the stalwarts of the industry and economy in general who will help the industry stakeholders to understand and help them chart out a brighter future for the sector.

The broad Agenda shall cover the following:

·         Inaugural Session -Address by dignitaries from Government of India and CREDAI

·         Keynote Address – ‘Unshackling Growth’ – Address by eminent corporate personalities and senior policy makers

·         Building the blocks – The impact of real estate sector in Indian economy

·         Vision and values of progressive India – Policy reforms and Governance

·         Marketing India to global investors – Perspectives by international investors, developers and thought leaders

·         Case study on impact of real estate on GDP of a major emerging market economy - Young India's vision for an urbanized India

·         Bridging the great urbanization divides – Concerns of tier II and tier III Indian cities

Over the past two years stagnating global economic conditions have led to a declining GDP of 5%. However, to dispel the general feeling of gloom, the government has continued to maintain its momentum of introducing structural reforms in the economy. CREDAI aimed in facilitating a correct fillip through governmental and policy decisions, through which the sector could prove to be the growth propeller for the country. Currently, the real estate sector has a share of approximately 6.3% in the GDP.

The sector is also witnessing a huge potential in the coming decade since urbanisation has been increasing at an unprecedented rate, with almost 71 million people added to the urban population from 2001 to 2011. At this rate, close to 534 million people (greater than the combined population of the United States, Russia, and france) will live in Indian cities by 2026. In addition, this year, the sector has provided a significant boost to affordable housing where 85% of India’s housing shortage of 18.4 million units in 2012 was concentrated in the EWS and LIG sections. In order to bridge this gap, affordable housing schemes have been promoted across the country, with active participation from the private sector.