CREDAI announces change of guard for 2019-21

CREDAI to expand by 100 more cities with a robust penetration into Tier 2, 3 & 4 cities

CREDAI, Satish magar, Jaxay Shah, President, Real estate

CREDAI, the apex body of private real estate developers with a strong base of over 12,000 member developers present in 23 states & 205 city chapters across India, announced its change of guard with Satish Magar taking over the baton from Jaxay Shah to become the new president of the 20-year-old body.

The installation ceremony saw the gracious presence of CREDAI executive and general committee members, industry stalwarts, dignitaries from the industry and all past presidents of CREDAI National.

Satish Magar in his maiden address committed himself to “transforming Indian real estate” in light of the new institutional structure defined by RERA, GST and policy measures to achieve “Housing for All by 2022”.

Taking CREDAI’s 20 years’ strong legacy forward built by his predecessors, Magar aims to expand CREDAI’s footprint to 100 more cities over the next two years with a robust focus on Tier 2, 3 and 4 cities amidst the wave of “New India”.

Reiterating CREDAI’s commitment towards the nation, Magar and his team intend to build a stronger skilling ecosystem and aim to impart skill training to one lakh construction workers over the next two years. The new leadership team has a comprehensive roadmap for skilling in place. The new team will explore opportunities to tie up with statutory bodies like RERA, BoCW and Welfare boards for skilling, up-skilling, recognition of prior learning (RPL) and other scheme by central government. The customised industry partnered skilling programmes will be launched to create a talent pool of skilled labor for the ever-burgeoning Indian real estate industry, revitalised with a new upsurge post the implementation of landmark reforms such as RERA, GST etc.

As a part of its holistic initiative, CREDAI also aims to plant and grow five lakh trees across India by setting specified targets to each state and city chapter to achieve this objective.

Magar said, “The last 20 years have been a glorious journey for all of us here and we intend on building on this strong foundation to lead a renewed era of growth and development. The Indian real estate sector is widely perceived to be as one of the most important sectors in India and we, at CREDAI, strongly believe that its contribution towards building a ‘New India’ will prove to be indispensable.”

With Magar becoming the CREDAI National president, Jaxay Shah becomes the youngest ever chairman in the history of CREDAI National, after serving as president for two years.

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