What is Credai?

In 1991, a private body of real estate developers was formed and named CREDAI. The full form of CREDAI is Confederation of Real Estate Developers’ Associations of India. Now that we are clear with the meaning of CREDAI, let us look at what is CREDAI’s aim.

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CREDAI has an aim to transform the real estate game in India by making the Indian Real Estate organized as well as progressive. This body works with stakeholders, government authorities, policy makers, investors, financial companies, consumers and real estate players to safeguard consumer interests and promote fair trade in the real estate market.

Approximately 20000 members are a part of CREDAI across 21 states. 

CREDAI plays an important role in the real estate market. Here are some key roles recognized by the body.

1. To bring all the private developers together on a common platform. This is done by organizing various events, workshops, discussions and seminars.
2. Any issues in the real estate market from the developer’s end are brought to the fore by CREDAI in government forums. It is a single point of contact for private real estate developers in the market.
3. CREDAI ensures that there is enough demand and supply of real estate in the market. It further promotes the developers to follow ethical practices and serve consumers with utmost transparency.
4. The body plays a key role in grooming, and preparing the developers to further their real estate game and establish good working relations with customers to serve them better.

CREDAI allows developers’ associations to be a member of the organization across the country. Individual developers cannot apply for CREDAI membership. In order to obtain CREDAI membership, the individual developers and builders must join city or state level developers’ associations first.

An application to become a CREDAI member has to be sent via mail to

.

Hope you’re clear with CREDAI meaning, its role and what is CREDAI membership.

The CREDAI (Confederation of Real Estate Developers' Association of India) is an association formed by builders and developers in India to self-regulate the business of real estate development. This association has more than 8,500 member builders and developers through 112 member associations with representation in every major state and city of India.

It prescribes some standards and norms to be followed by every CREDAI member. As most developers and builders are members of CREDAI, the norms prescribed by this association help bring uniformity to the policies and practices adopted by developers and builders throughout the country.

For instance, developers and builders who are members of CREDAI ain’t allowed to impose huge penalties for late payments made by homebuyers. CREDAI carries out many other functions like mediating disputes between developers/builders and end buyers. This association also represents its members before the government. authorities on policy matters affecting the real estate industry.

CREDIA mediates disputes between its member developers and builders and buyers. One can lodge a complaint with CREDIA online at their official website:

You can register yourself as a CREDAI-member or non-member on their official website:

Every individual builder and developer can become a member of the state- or city-level developer associations, which can, in turn, become members of CREDAI.

To become a member, you have to write to the concerned State Secretariat:

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I hope now you know everything about

CREDAI real estate.