CREDAI Bengal is the State Chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) which comprises 18 national bodies, having about 8000 members 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.
Since it is largely perceived that corruption and dishonesty are rampant in the Real Estate Sector, CREDAI has now 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 has a very strong presence at the national level. The immediate past President of CREDAI National, Mr Santosh Rungta, is a member of CREDAI Bengal.
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