Two-day national Credai conclave from Dec 13

The Confederation of Real Estate Developers’ Association of India (CREDAI), an
apex body real estate developers, is all set to hold a two-day national
conclave with the theme ‘Housing the game changer – Leading to double-digit GDP
growth’ in New Delhi from December 13, 2013.

conference will culminate on December 14. 
mediapersons here CREDAI national vice president Sanjeev Srivastava said, “The
real estate sector is the largest generator of economic activity contributing
6.3 per cent to GDP of our economy. Hence, to maximise this growth to double
digit, we are making a focused attempt to synergise all the efforts in creating
a common platform on a large scale for industry players, policy makers, to put
across and engage in the vision for the sector.”
national joint secretary DS Tripathy said over the past two years stagnating
global economic conditions have led to a declining GDP of 5 per cent and CREDAl
aimed in facilitating a correct fillip through Governmental and policy
decisions. Currently, the real estate sector has a share of approximately 6.3
per cent in the GDP.
sector is witnessing a huge potential in the coming decade since urbanisation
has been increasing at an unprecedented rate, with almost 71 million people
added to the urban population from 2001 to 2011. At this rate, close to 534
million people (greater than the combined population of the United States, Russia,
and France)
will live in Indian cities by 2026, observed Tripathy.

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