NEW DELHI: With the vision to foster the development and chart the growth roadmap of real estate in non-metro cities, the Confederation of Real Estate Developers’ Associations of India (CREDAI) is organising its 3rd edition of the ‘New India Summit 2020’ (NIS), under its Micro Small and Medium Sized Developers (MSME) wing, on February 15 – 16, 2020, at Naya Raipur, Chhattisgarh.
The summit aims to address the hurdles faced by the realty developers in non-metros and discuss solutions to enable fast-paced growth. Appropriately themed as “Let’s Rise”, the summit is expected to witness participation from more than 700 developers across the nation.
At the summit, CREDAI intends to launch its ‘CREDAI Awaas App’, the first of its kind mobile application, which will be instrumental in facilitating the purchase of residential properties across the country. It is a credible platform for prospective home buyers, to identify their preferred projects and contact developers directly without the involvement of third party. The App can be downloaded from Apple app store & Play store and can be used by both National & International Buyers.
The event might witness the gracious presence of Minister of Housing and Environment, Chhattisgarh and Secretary, Housing & Urban Affairs of India.
Jaxay Shah, Chairman, CREDAI National said, “The Indian real estate sector, being a major catalyst in the country’s economy, is currently prepping up for a revolution in terms of development. We at CREDAI, believe that, this new revolution will be led by the non-metro cities of the country. New India Summit aims to celebrate the emergence and the contribution of the Tier II, III, and IV cities towards the immense growth of the sector. Only through development of these smaller cities and making increased investments in affordable housing segment can help in realizing the vision of Housing for all by 2022.”
Satish Magar, President, CREDAI National said “The metro cities have reached their saturation point in terms of development and occupancy. Tier II, Tier III cities remain unexplored and have abundance of scope for the real estate sector to flourish. This segment has immense potential in the tier II and III cities as land prices are affordable and land is easily available. CREDAI understands and acknowledges the importance and significance of the role that realtors from smaller cities will play in the long-term growth of the industry and the economy as a whole.”
Anand Singhania, Chairman MSME Wing, CREDAI said “Events like NIS will only propel cities across India to spruce up in terms of infrastructure and invite FDI into real estate. It will help satellite towns emerge around metros, create opportunities and wean away some of the burden faced by metros”
Undoubtedly, affordability, better road-and-air connectivity, spacious homes, walk-to-work options with the rise of local industries and other conducive factors have all contributed in small cities and towns facilitating a realty rally. Not surprisingly, both big and small developers are making their presence felt in all these geographies – auguring well for the real estate industry and the Centre’s ambitious ‘Housing for All by 2022’ programme and the Smart Cities’ mission.