Chandigarh 11th December:- The Confederation of Real Estate
Developers' Associations of India (CREDAI) organized its regional
Ludhiana chapter conference here today. This year, the theme for the
CREDAI CONCLAVE 2013, is "Housing: The Game Changer; Leading to double
digit growth"Anil chopra, Chairman, CREDAI Punjab, Ashok Malhotra,
Chairman, CREDAI Ludhiana, Rupinder Chawla President, CREDAI Ludhiana,
Jagjit Singh, President, CREDAI New Chandigarh and Amardeep S Hira,
Secretary, CREDAI Punjab and Chairman CREDAI Youth Wing were present
at the briefing and discussed about the CREDAI conclave 2013. The
Confederation of Real Estate Developers' Associations of India 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.
Amardeep S Hira, Secretary, CREDAI Punjab and Chairman CREDAI Youth
Wing said, "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 December 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
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.
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.
CREDAI has been organizing National Convention every year for last
twelve years. The 13 conventions and Conclave in the past have been
addressed by the then Minister for Finance, Urban Development,
Housing and Urban Poverty Alleviation, Commerce and Industries, Vice
Chairman Planning Commission, Members of Parliament, Member of
Planning Commission as also Chief Ministers of various states. All the
previous NATCON's and Conclave have been well attended by 600 to 950
delegates.
No comments:
Post a Comment