The Confederation of Real Estate Developers Association of India (CREDAI), the apex body of private real estate developers in India has signed a Memorandum of Understanding (MoU) with the Building and Construction Authority (BCA), Singapore to create a platform for real estate companies, consultants, vendors and other stakeholders from both the countries. This MoU, that was signed in Goa at the Youthcon 2020 even’ will help companies from both countries to come together to help the Indian realty sector. CREDAI has a strong base of over 12000 member developers present in 21 States and 205 City Chapters across India.
Under this MoU, CREDAI and BCA intend to mutually share knowledge and extend industrial support by imparting training, knowledge sharing, and conducting workshops etc. thereby making value addition in quality, technology, sustainability & productivity in the realty sector. The partnership will strive to strengthen the sector’s excellence by enhancing the growth of realty sector, apart from transforming business formats for young entrepreneurs, developing office parks and residential real estate, technology, government policies and block-chain etc.
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Speaking about the MoU, Satish Magar, President, CREDAI (National) said, “The partnership is a prestigious opportunity for CREDAI to work together with BCA for creating positive demographics, regulated environment, growth and to create larger awareness about the evolving realty sector in India. I am confident that the MoU will contribute well in India’s quest to network and create business opportunities by inculcating a social and ethical commitment to encourage more young entrepreneurs in the real estate sector.” Magar said ‘Youthcon 2020’ is a platform to network and create business opportunities with the tech savvy youth of CREDAI. The 3rd edition of Youthcon 2020 witnessed around 500 next-gen developers.
Source: BusinessWorld
