CREDAI Hyderabad is a chapter of the CREDAI, promoting real estate development in Hyderabad under the guidance of the national organization. CREDAI is the apex body for the real estate industry in India. It represents over 45,000 developers across the country. Real estate contributes to almost 10% of our nation’s GDP and is the second-largest source of employment in India. Data released by the Department for Promotion of Industry and Internal Trade Policy (DPIIT), construction is the fourth largest sector in terms of FDI inflow. FDI in the sector stood at US$ 42.50 billion from April 2000 to March 2020.
In 1999, CREDAI was formed to transform the landscape of the Indian real estate industry and work toward a cure for housing and habitat problems. Today, it has more than 20000 members in 21 states and 220 city chapters.
We are a recognized partner for Central and State Governments, represented on various committees that work at policy formulations. These include the Ministry of Housing and Urban Affairs, Ministry of Environment, Forests and Climate Change, Ministry of Finance, Ministry of Civil Aviation and the Bureau of Indian Standards (BIS), as well as the Bureau of Energy Efficiency (BEE).
CREDAI works with all of its stakeholders: the government, policy makers, investors, finance companies, real estate professionals, and consumers to promote a more methodical and thriving real estate industry.
We at CREDAI continue to work hard to ensure that buyers are happy. We've established a forum where buyers can file complaints against member developers and have their issues resolved as soon as possible.
By 2040, the real estate market will grow to Rs. 65,000 crore (US$ 9.30 billion) from Rs. 12,000 crore (US$ 1.72 billion) in 2019. The real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute to 13 percent of the country’s GDP by 2025. Retail, hospitality, and commercial real estate are also growing significantly, providing the much-needed infrastructure for India's growing needs.