Latest news with #CREDAI
Time of India
12 hours ago
- Business
- Time of India
Noida approves new redevelopment policy inspired by Mumbai model
Noida Authority has approved its new redevelopment policy, in line with ongoing redevelopment in Mumbai, a step that is expected to open up land in prime areas of the fast-growing city in Uttar Pradesh, giving a further boost to the thriving real estate sector. As per the policy, old flats allotted to the economically weaker section (EWS) of people will be demolished and new flats will be built in its place. Developers will be allowed to generate revenues by selling these new housing units in addition to constructing bigger flats for the original allottees. 'We have identified 4-5 buildings, which are in a dilapidated state. When these buildings were constructed, FAR of 1.5 was allowed and now FAR of 3.5 is permissible. We will invite RFP (request for proposal) for every structure separately,' said a Noida Authority official. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Esseps Learn More Undo As per the policy, the selected developer will be allowed to sell the extra area on the condition it builds bigger apartments for the original allottees and takes care of their stay till the old building its demolished and new flats are handed over. 'While the policy is a much-needed step towards opening of prime land bank in the city centre, every project will come up with its own challenges. The project has to be commercially viable because buyer's preference had changed in recent times,' said Nikhil Hawelia, MD, Hawelia group and secretary of industry body CREDAI (western UP). Live Events 'The Noida Authority's decision can fulfil the dream of owning a home in the city's thriving sectors like 27, 93, and 93A,' said Yash Miglani, MD, Migsun Group. 'Allotment of higher FAR and engaging co-developers in stable projects will address the long-pending demand of stuck homebuyers and unlock immense potential for modern, vertical living spaces.' The Noida Authority has recently approved the introduction of co-developers in five stalled projects, a step expected to benefit more than 5,000 customers waiting to get possession of their new homes. According to the Confederation of Real Estate Developers' Associations of India (CREDAI), 190,000 units worth Rs 1 lakh crore are stuck in Noida, Greater Noida and Ghaziabad. In Greater Noida alone, at least 36 real estate projects are undergoing insolvency proceedings. It is estimated that Rs 40,000 crore is owed to the Noida, Greater Noida, and Yamuna Expressway authorities, including principal, interest and penal charges for allotted plots where real estate projects are at various stages of execution. 'The (Noida Authority's) step marks a progressive step toward urban revitalisation as it unlocks a significant real estate potential, especially in the heart of the city. The redevelopment of old, dilapidated buildings with higher FAR while improving the existing structure and providing better facilities will also generate more homeownership,' said Salil Kumar, director, marketing and business management, CRC Group.
United News of India
18 hours ago
- Business
- United News of India
CREDAI Hyderabad elects New Managing Committee members for 2025-27
Hyderabad, June 20 (UNI) The Confederation of Real Estate Developers Association of India (CREDAI) Hyderabad on Friday announced the appointment of a new managing committee for the period 2025 to 2027, which will be responsible for spearheading and strengthening the CREDAI initiatives in Hyderabad and supporting the development of the sector in the region. N. Jaideep Reddy is the President, B. Jagannath Rao is the President-Elect, and Manoj Kumar Agarwal, Kurra Srinath, K. Anil Reddy and Y. Ravi Prasad are Vice Presidents. Kranti Kiran Reddy K is the General Secretary in the new team. Nitish Reddy Gudoor is the Treasurer and Sanjay Kumar Bansal and Sriram Musunuru are Joint Secretaries. The Executive Committee members are -- Addula Gopal Reddy, Alugubelli Venkat Reddy, B Jaipal Reddy, B Vinod Reddy, C Amarendher Reddy, Kavya Kavuri (the first woman elected as an EC member), N Venugopal, and Susheel Kumar Jain, who will all work together for the betterment of the Hyderabad real estate sector. The new team has adopted the theme of 'Embracing Growth and Innovation' as the core guiding principle for the activities to be undertaken during their tenure. They will focus on forward-looking themes encouraging adoption of new technology and encouraging innovation for smarter construction, adopt sustainable urban development, focus on curated skilling programmes for construction, project management and marketing while expanding real estate activities in the city. The team will focus on enhanced collaboration with the Telangana government, active participation in policy advocacy and promoting 'Brand Hyderabad' to strengthen the city's reputation as India's most dynamic real estate destination. Outlining the agenda of the new Managing Committee, newly elected President Jaideep Reddy, said, "As the city expands in all directions, driven by global capability centers (GCC), infrastructure upgrades, and a maturing real estate landscape, we are witnessing a clear shift toward premium living and sustainable development. CREDAI Hyderabad will continue to be a catalyst in this journey—by supporting homebuyers with trust, transparency, and timely delivery. We will empower the developers through proactive engagement, policy support, and skilling of manpower with future-ready solutions. With 'Embracing Growth and Innovation' as our guiding theme, we are committed to encourage adoption of new systems for construction and shaping a resilient, high-growth future of the Real Estate Sector in the city that leaves no one behind." 'The reports from all consultants and research agencies confirm Hyderabad's fundamentals are strong, marked by rising office space absorption and growing demand for larger, high-quality homes. CREDAI Hyderabad will continue to champion RERA compliance, advocate for ease of doing business, and collaborate with the government to build not just homes—but legacies," he added. Newly-elected General Secretary Kranti Kiran Reddy K, said, "The Hyderabad residential market is demonstrating renewed strength, with over Rs 4,000 crore in registrations in May 2025 — driven by a noticeable 37% rise in high-end home sales. This reflects growing buyer confidence and a shift toward premium and lifestyle-focused living. At CREDAI Hyderabad, we see this as an opportunity for growth and support this upward trend through continued policy advocacy, transparent processes, and enhanced adoption of new mechanisms and digital platforms—ensuring sustainable growth and investor trust across all segments." UNI KNR RN
Hans India
5 days ago
- Business
- Hans India
Reddy Business Hub Hosts Power-Packed Business Conclave at HICC, Hyderabad - A Day of Insight, Innovation & Inspiration
Hyderabad: The Reddy Business Hub (RBH) Business Conclave program was held in grand style at HICC Novatel on Sunday. Prominent businessmen from the Reddy community participated in this program. Ark Group CMD, CREDAI National President Gummi Ram Reddy, Metro MD NVS Reddy were present as the chief guests. On this occasion, business coaching sessions were organized to benefit future generations. In discussions with businessmen, investors, and experts, direction was given on branding and financial strategies. Also, a special session was organized on women empowerment and self-reliant business. The experiences of successful women leaders were shared with everyone in this program. Speaking on this occasion, Ark Group CMD, CREDAI National President Gummi Ram Reddy said.. 'I am very happy to participate in this program. Many business entrepreneurs came. Business sessions were held with experts in various fields to benefit future generations. If we want to be successful, we have to do what we have been told. If you do business honestly, success will not come quickly. Success will come even if it takes some time. I would say that business is not for money. You should earn money by doing business. Brand building is very important in business. I motivated everyone to see long-term success, not short-term,' he said. Metro MD N.V.S. Reddy said..'The aim of this summit is to discuss how the Reddy community can develop in business and other sectors. While 50% of billionaires in America belong to the same social group, 80% of top businesses in India are run by Marwaris and Gujaratis. These communities were agricultural families like us in the past. But with the times, they shifted their focus to education, financial literacy, skill development, and national-international thinking. Overcoming language barriers and social crises, they have built strong networks, shared knowledge across generations, and achieved great successes in fields like business, science, and technology. Our Reddy community is equally capable. If we move forward with unity, vision, and drive, we too can build a powerful legacy. Not just in business, but in all fields. This summit is the first step towards our future," he said. Reddy Business Hub Founder Bharat Reddy said.. "This program will be very useful for those looking for business opportunities. We organized this program to support our community in all ways in terms of education, knowledge, and financial terms. We designed it to provide business opportunities to many people through business franchises. We are supporting them in all ways. I hope everyone will take advantage of this opportunity. I am very happy to receive such a good response to our program." This business conclave, which was attended by more than 500 representatives, strengthened relations not only among the Reddy community but also among other business communities. Delete Edit
Time of India
13-06-2025
- Business
- Time of India
CREDAI partners with Adani Cement to promote green, best quality construction works
Realtors' apex body CREDAI has partnered with Adani Cement to promote sustainable and best practices in construction activities. In a joint statement on Friday, the Confederation of Real Estate Developers' Associations of India (CREDAI) said it has entered into a "strategic partnership with Adani Cement to champion sustainable and high-quality construction practices across the country". CREDAI, which represents over 13,000 private real estate developers across 20 states and 230 city chapters, has also launched the Green India Council and Skilling Council. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kensington Staff Spills The Tea About Meghan Harry Daily Sport X Undo "As CREDAI's preferred partner, Adani Cement will provide its industry-leading portfolio of premium and GRIHA-certified products, including green concrete solutions, advanced additives, and technical services," it added. The announcement was made at CREDAI's Governing Council meeting, held in the presence of Goa Chief Minister Pramod Sawant and CREDAI leadership. Live Events Vinod Bahety, CEO - Cement Business, Adani Group said: "By joining hands with CREDAI, we aim to accelerate the adoption of world-class cement products and green concrete solutions in India's real estate sector." This collaboration aligns perfectly with Adani Cement's vision of building a greener, smarter urban future and CREDAI's on-ground experience come together to create stronger, safer, and more sustainable structures. Shekhar Patel, President of CREDAI, said, "The launch of the Green India Council and Skilling Council marks a decisive step toward integrating sustainability and workforce development into the core of our industry." These initiatives reflect CREDAI's commitment to build an environment that drives economic growth, protects the environment, and uplifts communities, he added. CREDAI said the collaboration with Adani Cement will empower its members to elevate construction quality, safety, and sustainability across projects nationwide. Adani Cement will also offer on-site technical support and knowledge-sharing programs to upskill engineers and construction professionals within the CREDAI network. The Green Council will oversee a wide spectrum of green initiatives, including a large-scale reforestation initiative, starting with the restoration of 9,000 acres of land across various blocks of Nashik District, Maharashtra. This initiative aims to plant over 10 lakh trees using scientific and community-based methods. The Skilling Council is an initiative aimed at creating a future-ready workforce. PTI
NDTV
13-06-2025
- Business
- NDTV
Adani Cement, CREDAI Join Hands To Boost Sustainable, High-Quality Construction
Ahmedabad: Adani Cement and the Confederation of Real Estate Developers' Associations of India (CREDAI) on Friday joined hands to advance sustainable and high-quality construction in the country. The strategic alliance brings together Adani Cement and the country's apex body of private real estate developers, aiming to benefit both organisations and the broader construction industry. Under this collaboration, Adani Cement will leverage CREDAI's nationwide network of more than 13,000 developers to strengthen its B2B outreach, while CREDAI members benefit from Adani Cement's industry-leading solutions. The signing took place in the presence of Goa Chief Minister Pramod Sawant, during the CREDAI Governing Council Meeting held in Panjim, attended by industry body office bearers and leading developers from across the country. "Our exclusive partnership with CREDAI is a testament to Adani Cement's commitment to nation-building through sustainable and innovative construction. By joining hands with CREDAI, we aim to accelerate the adoption of world-class cement products and green concrete solutions in India's real estate sector," said Vinod Bahety, CEO - Cement Business, Adani Group. He further stated that this collaboration aligns perfectly with our vision of building a greener, smarter urban future - one where Adani Cement's technical expertise and CREDAI's on-ground experience come together to create stronger, safer, and more sustainable structures. The industry body members will have the advantage of enhancing their project quality in various parameters, including availability of Adani Cement's Innovative Concrete Solutions; and availability of Adani's diverse Ready-Mix Concrete (RMX) and advanced concrete solutions customised to varied requirements - from standard grades to specialised mixes. CREDAI members will benefit from Adani Cement's premium products, including concrete solutions and technical expertise, elevating high-quality, sustainable urban development "We are excited to work closely with CREDAI members and support them with the best of our materials and R&D capabilities, ultimately delivering superior value to homeowners and contributing to India's growth story," said Bahety. The announcement comes at a pivotal time when India's cement consumption patterns are undergoing a significant shift. Traditionally, individual home builders (IHBs) in the retail segment constituted the largest share of cement usage, accounting for roughly 60 per cent of demand. However, rapid urbanisation and infrastructural growth have fuelled a surge in B2B demand - large real estate developments and public infrastructure projects are now driving cement consumption at an unprecedented pace. Government-led construction of highways, metro systems, and smart cities, alongside private sector high-rise developments, is contributing to the 'non-trade' segment's momentum, gradually balancing the once IHB-dominated market.
