CREDAI Announces “Change of Guard” for 2019-21

  Boman Irani appointed as Vice President, CREDAI West Zone second time in a row

Satish Magar takes over as new CREDAI President with a mission to “Transform Indian Real Estate”

Shantilal Kataria appointed as Vice President, CREDAI Maharashtra - the Special Zone

Rajiv Parikh becomes the new President, CREDAI Maharashtra

Pune, 31st March: CREDAI, the apex body of private Real Estate Developers with a strong base of over 12000 member developers present in 23 States & 205 City Chapters across India, today witnessed its ‘Change of Guard’ with Mr. Satish Magar taking over the baton from Mr. Jaxay Shah to become the new president of the 20-year-old body. The installation ceremony saw the gracious presence of CREDAI Executive and General Committee members, industry stalwarts, dignitaries from the industry and all past presidents of CREDAI National.

Mr. Boman Irani has been appointed as Vice President, CREDAI West Zone second time in a row. Mr. Shantilal Kataria becomes the Vice President, CREDAI Maharashtra, entitled as “Special Zone” for having maximum number of member developers at CREDAI. The Special Zone has 25% City Chapters out of total CREDAI City Chapters and 30% of individual member developers of CREDAI 12000-member base. Mr. Rajiv Parikh has been appointed as new President of CREDAI Maharashtra. Maharashtra remains a key growth epicenter for CREDAI where leading initiatives such as Skilling, Women’s Wing, Youth Wing and New India Summit have been given a massive boost in the recent past.

Mr. Satish Magar in his maiden address committed himself to “Transforming Indian Real Estate” in light of the new institutional structure defined by RERA, GST and policy measures to achieve “Housing for All by 2022”. The ceremony witnessed senior CREDAI dignitaries becoming the new flag bearers of the growth of CREDAI and the Indian Real Estate industry. Taking CREDAI’s 20 years’ strong legacy forward built by his predecessors, Mr. Magar aims to expand CREDAI’s footprint to 100 more cities over the next two years with a robust focus on Tier 2, 3 and 4 cities amidst the wave of “New India”. Reiterating CREDAI’s commitment towards the nation, Mr. Magar and his team intend to build a stronger skilling ecosystem and aim to impart skill training to 1 lac construction workers over the next two years. The new leadership team has a comprehensive roadmap for Skilling in place. Under the leadership of Mr. Magar, the new team will explore opportunities to tie up with statutory bodies like RERA, BoCW and Welfare boards for Skilling, Up-skilling, Recognition of Prior Learning (RPL) and other scheme by Central Govt. The customized industry partnered Skilling Programs will be launched to create a talent pool of Skilled labor for the ever-burgeoning Indian Real Estate industry, revitalized with a new upsurge post the implementation of landmark reforms such as RERA, GST etc. As a part of its holistic initiative, CREDAI also aims to plant and grow 5 lac trees across India by setting specified targets to each state and city chapter to achieve this objective

CREDAI National President, Mr. Satish Magar says “I am extremely honored to take this prestigious role of being the new President of CREDAI National. The last 20 years have been a glorious journey for all of us here and we intend on building on this strong foundation to lead a renewed era of growth and development. The Indian Real Estate sector is widely perceived to be as one of the most important sectors in India and we, at CREDAI, strongly believe that its contribution towards building a ‘New India’ will prove to be indispensable.”

Former CREDAI National President and now Chairman, Mr. Jaxay Shah, shares his comment “I would like to congratulate Mr. Satish Magar and wish him all the best for embarking on this extremely thrilling journey as the new President of CREDAI National. The last two years have been quite an adventurous ride not just for CREDAI but the entire real estate fraternity. CREDAI, through its endeavors, has been able to establish a highly conducive environment for Indian realty and all its stakeholders. We believe CREDAI will now reach newer heights under the able leadership of Mr. Satish Magar given his experience and holistic outlook towards the sector.”

About CREDAI: Established in 1999, The Confederation of Real Estate Developers’ Association of India, is the apex body for private real estate developers in India, representing over 12000 developers through 23 states and 205 city chapters across the country. CREDAI has worked hard to make the industry more organized and progressive by networking closely with government representatives, policy makers, investors. CREDAI works towards improvement of ethical standards & business practices in real estate. CREDAI is well-recognized by the Central and State Governments in all its endeavors.