Saturday 7 December 2013

Demand of Housing to brighten the future of real estate industry


The demand for housing continues to increase, with a larger number of people looking for homes closer to their work place and other amenities. With this trend at the heart of its exhibitions, CREDAI (Confederation of Real Estate Developers Association of India) the first and apex body of real estate developers in India will host CREDAI Conclave 2013 on 13th and 14th December at JW Marriott, Aerocity, New Delhi.



To sort out various problems and constraints of the sector, the forum is organizing National Conclave 2013 on December 13- 14, in New Delhi. The policy makers and industrialists from the sector have been invited to join the conference, where draft guidelines will be prepared to overcome the problems.

Real estate has become the largest industry in the state while it is holding the second position in the country. CREDAI feels that reforms in the real estate industry, such as bringing in more transparency and setting up of regulatory body, would boost foreign direct investment (FDI) in the sector by at least 20 times. The inflows would be mainly from the US, Europe and Gulf countries for setting up of large residential complexes across India.

The Real Estate Bill, 2013, seeks to set up a regulatory authority to protect consumers and promote the real estate sector. The bill was tabled in the monsoon session of the Parliament and has been sent to a standing committee for further suggestion.

The two day Conclave will host policy makers, government representatives, politicians, real estate developers, influencers, real estate professionals, along with reputed bankers/housing finance institutions this year. With the participation of banking and finance institutions in the exhibitions, potential home buyers will get an opportunity to immediately understand how the finances for a particular project will work.

With offers on interest rates and processing fees, the prospect of buying a home gets better with these exhibitions. CREDAI invites its members and real estate professionals at all levels across the globe to participate in the Conclave and understand the future of prospering housing sector in the real estate industry.

Visit us at www.credai.org

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