Latest news with #ConfederationofRealEstateDevelopers'AssociationsofIndia
Time of India
a day ago
- Business
- Time of India
Fly ash brick prices up due to raw material costs
Indore: A significant increase in raw material costs led to a price hike of 0.50 paise per piece in fly ash bricks across Indore, lifting the overall building costs for homeowners and construction companies. The surge primarily stems from the rising costs of stone crusher dust and other essential materials used in the manufacturing process. The revised cost of fly ash bricks in Indore is Rs 6.50 per piece. Now the cost of a small truckload carrying 2,000 flyash bricks will be dearer by Rs 1,000. Vijay Gandhi, a builder and member of Confederation of Real Estate Developers' Associations of India (CREDAI), Indore said, "Any jump in the input cost directly impacts the building cost. In Indore fly ash is used in around 30-40 per cent projects and red bricks are used widely in Indore due to its easy availability." The robust manufacturing base has established Indore as a significant hub for fly ash brick production in the region. According to industry data, Indore's fly ash brick manufacturing units produce approximately 20 lakh pieces daily. The majority of this production serves the local market, with most supplies being consumed within the city and a 20-kilometre radius. Abhishek Purohit, vice president, Fly Ash Brick Manufacturers Cooperative Society Ltd, said, "The association members unanimously decided in a meeting that due to the rising costs of gravel and stone crusher dust used in the production of fly ash bricks, the price per brick will be increased by 0.50 paise. These revised rates will be implemented immediately." The city hosts over 200 fly ash brick manufacturers, forming a substantial industrial segment. These units collectively require around 6,000 tonnes of fly ash per day to maintain their production levels. Industry experts suggest that this price increase could impact ongoing and planned construction projects in the area. Small-scale builders and individual homeowners might need to revise their budgets to accommodate these higher material costs. "Local manufacturers are working to maintain steady production levels while managing increased operational costs, but this has resulted in squeezed margins. Fly ash bricks offer an eco-friendly alternative to traditional clay bricks, and despite the price increase, these bricks remain an essential building material," said Gaurav Mohta, president, of the association. Fly ash manufacturers highlighted challenges related to logistics and timely transportation of fly ash to end-users.
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.
Hans India
13-06-2025
- Business
- Hans India
Adani Cement, CREDAI to boost sustainable and high-quality urban 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.
The Hindu
21-05-2025
- Business
- The Hindu
Give faster approvals for projects: CREDAI
The Confederation of Real Estate Developers' Associations of India (CREDAI) Tamil Nadu, the apex body of private real estate developers in the State, has requested the Tamil Nadu government to give faster approvals for real estate projects. Noting that real estate plays a very important role for the State to achieve its $1 trillion economy goal, W. S. Habib, president, CREDAI Tamil Nadu and Chairman and Managing Director of RWD, said that there needs to be a single window clearance for real estate projects. 'Losses keep mounting if approvals get delayed,' he said. 'Streamlining approvals and simplifying compliance will unlock tremendous value for developers and homebuyers. This will also help the State government in terms of stamp duty collections and GST collections,' Mr. Habib said. It is learnt that approvals are getting late by 8-9 months. The CREDAI head also said that the association would like to be a part of planning of masterplans for all 135 major cities and towns across the State. 'We need clarity on the masterplan – this will help our developers to understand where they can buy land and whether they would get approvals or not,' he added. Srikumar Swaminathan, Secretary of CREDAI Tamil Nadu, highlighted about the rising raw material costs in the real estate sector. He also indicated that there are issues with sourcing certain raw materials. According to him, the price increase is between 30%-40%. In a move to deepen its Statewide presence, CREDAI Tamil Nadu announced the expansion of its chapter network. With 10 existing chapters, the association plans to add 5 to 6 more in key growth corridors, including Sivagangai, Vellore, Karur, the Nilgiris, and Thanjavur, enabling better regional representation and local advocacy. CREDAI Tamil Nadu will also be conducting annual international expos under the 'FAIRPRO' brand in Dubai, Muscat, Abudhabi, Riyadh, Doha and Singapore, aimed at attracting NRI investments and showcasing Tamil Nadu's real estate strengths on the world stage. Both Mr. Habib and said that a lot of NRIs are keen on picking properties in Tamil Nadu.
Time of India
05-05-2025
- Business
- Time of India
Residential sales in Chennai grows 27% in Q1 2025: CREDAI
The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of the project registrations with the demand being driven by the improved infrastructure, Metro Phase II project, among others. Areas like Parandur where the proposed airport is expected to come up, Minjur, Chengalpattu and Sriperumbudur were also largely preferred by the buyers. "These locations are expected to witness continued momentum in the coming quarters," it said. CREDAI Chennai President A Mohamed Ali said, "the Government's focus on inclusive urban development through schemes and new infrastructure investments in suburban corridors is enhancing liveability and making homeownership more accessible to a wider section of the population." "We are seeing measured optimism in the market. Developers are taking a calibrated approach to new launches while strengthening regulatory compliance. The result is a more mature, balanced housing sector ready to scale with upcoming urbanisation," he said. The total residential unit registrations across Tamil Nadu stood at 9,480 units during the January-March 2025 quarter, marking a 24 per cent increase quarter on quarter. These numbers reinforce the broader market rebound, led by strong participation from established developers and an improving policy environment, the study said. "We expect this momentum to carry through into the next quarter as well, especially with infrastructure-led locations attracting renewed investor and end-user interest" commented CREDAI Chennai Secretary Aslam Packeer Mohamed.
