CREDAI Bengal is the State Chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) which has over 9000 Members through 20 State Chapters and 128 City Chapters across the country. CREDAI works to raise issues of concern nationally for the development of the real estate sector in the country and is represented in various national bodies including the Planning Commission.
CREDAI has adopted Mission Transparency in order to impress upon the Central government, that developers are usually victims of the system and not the beneficiary. This mission urges the government to adopt a single window clearance system for permissions required for a real estate project so that endless delays and illegitimate demands from various government departments can be done away with. It has been noted that a quicker approval system helps in reducing the completion time of projects thus reducing costs and benefitting the ultimate consumer.
As a state chapter, CREDAI Bengal is the singular platform for real estate developers of West Bengal, with all prominent joint sector and assisted sector companies being on board. The CREDAI Secretariat pursues all concerns pertaining to the real estate sector with government agencies at the state and municipal levels and is also represented in key local and government bodies.
Apart from real estate, CREDAI Bengal also strives to promote West Bengal as a significant investment destination with Kolkata as a show window. To this end CREDAI Bengal members are actively involved in developing sustainable social infrastructure vis-à-vis- IT/ITes, hospitals, hotels, malls and similar amenities. The body is also engaged in a range of social and public interest activities. While CREDAI Bengal members are credited with contributing significantly to the modernization of the Nimtollah Burning Ghat, various academic courses related to the real estate sector- one at St Xaviers College and the other at the women’s ITI- are also sponsored by the body. CREDAI Bengal has introduced a Grievance Cell as an effort to register complaints of consumers who have bought property from CREDAI Bengal members. Subsequently, CREDAI Bengal acts as a mediator in these cases and strives to arrive at an amicable solution between the two parties through its mediation committee.
CREDAI Bengal also 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.
CREDAI Bengal has a very strong presence at the national level. The incumbent President of CREDAI Bengal, Mr Harsh Vardhan Patodia is also Vice President, CREDAI National.
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