Hyderabad: 11th December, 2024 – CREDAI Hyderabad, a cornerstone of the city’s real estate evolution, celebrates its silver jubilee, commemorating 25 years of reshaping the sector into an ethical, professional, and innovation-driven industry. Since its inception in 1997, from Builders Forum with 28 members to CREDAI Hyderabad with 330+ members, it has been at the forefront of driving positive change in the city’s urban development, fostering trust, and elevating construction practices.

On this milestone occasion, the organization honored its founder members for their visionary leadership and unwavering commitment, which have turned Hyderabad into a hub for real estate investment. Their efforts have transformed the city into a national leader in residential, commercial, and retail real estate.

CREDAI Hyderabad has consistently collaborated with the government to establish forward-thinking policies, including frameworks like GO-86. It has also introduced innovative measures such as adopting advanced technologies to streamline approval processes, enhancing the ease of doing business, and ensuring transparency across the sector.

According to Mr. V Rajashekar Reddy, President of CREDAI, Hyderabad, said, “As we celebrate the 25th Anniversary of CREDAI Hyderabad, it is appropriate that we recognise the inspiring and steadfast contribution of our founding members and past leaders, who motivated the developers to adopt fair and transparent dealings with the customers and bring repute to the real estate sector. Their proactive work in encouraging developers to adopt new technologies and increase efficiencies in construction activities has enabled developers to sustain and scale up with the growth in the city. CREDAI Hyderabad also worked with the governments of the state to develop a forward-looking policy framework that protects the interests of both the customers and developers, advocating the adoption of technology to streamline the approval processes and many other initiatives that acted as an enabler for the growth of the city.”

On the occasion of the 25th Anniversary, CREDAI Hyderabad honoured the founder members. They have played a pivotal role in steering the city’s real estate sector from being a laggard to becoming the most preferred destination for investments in residential, retail, and commercial real estate in the country.

Mr. N. Jaideep Reddy, President Elect of CREDAI Hyderabad, stated, “The 25-year celebration is not just recognition of CREDAI Hyderabad’s achievements but a testament to its members’ commitment to excellence and innovation. We understand and appreciate the fact that purchasing a home is possibly the biggest investment of a person; therefore, we enforce a strict code of ethics for our member developers to ensure the rights and investments of the home buyers are safe. We conducted several campaigns to caution the home buyers against the purchase of UDS or pre-approved projects available for sale and advise them to only purchase RERA-approved projects. This will safeguard the interests of home buyers and keep their investments safe.”

Adding to this, Mr. B. Jagannath Rao, General Secretary of CREDAI Hyderabad, stated, “In the last 25 years not only have we worked to ensure a more trustworthy and transparent real estate sector, but, we have also taken initiatives to educate customers on the important checks required while purchasing the property. In addition to that CREDAI Hyderabad has also been a positive contributor to the community and environment of the city. We helped to revive the Lotus Pond and implemented rainwater harvesting systems across residential and commercial buildings to conserve water. This was the first ever public private partnership that happened. We actively contributed to Mission Kakatiya by adopting and maintaining some of the lakes in the city. Under the Harithaharam, CREDAI Hyderabad contributed to improve the green cover in the city and planted and maintained 1 lakh saplings at the University of Hyderabad campus. We regularly conduct training programs for our member developers to get access to skilled manpower. Not only this we also keep a thorough check on the registration of labour and providing aid to them on our sites, medical camps and creche facilities to their kids. CREDAI Hyderabad in association with Telangana State Disaster Response and Fire Services, facilitated the construction of a Fire Station in Nanakramguda. We believe in sustainability and preserving the mother earth, hence, I am proud to announce that CREDAI Hyderabad is awarded the IGBC Platinum Rating under Green Interior ratings. We have also come forward to support the community during the subsequent floods in the state and time again contributed to the CM relief fund. As CREDAI Hyderabad steps into its next phase, the focus remains steadfast: building trust, delivering value, and continuing its legacy of transforming the real estate sector into a driving force for India’s growth story.”