Shekhar G Patel Elected President of CREDAI for 2025-27: A New Era for Real Estate Development
Shekhar G Patel, a prominent real estate developer, has been elected as the President of CREDAI for the term 2025-27, succeeding Boman Irani of Keystone Realtors Ltd. This new leadership is expected to bring fresh perspectives and innovative solutions to the real estate industry.
Real EstateCredaiShekhar G PatelSustainable DevelopmentConsumer ProtectionReal Estate MumbaiApr 18, 2025
CREDAI, established in 1999, is the apex body of real estate developers in India. It plays a crucial role in promoting sustainable and ethical practices in the industry. The organization serves as a bridge between the government and the real estate sector, advocating for policies that benefit both developers and consumers.
Patel’s election to this prestigious role comes at a time when the Indian real estate industry is undergoing significant changes. The sector has faced challenges such as regulatory reforms, economic slowdowns, and the impact of the global pandemic. However, it is also witnessing opportunities brought by technological advancements and the growing demand for housing and commercial spaces.
One of Patel’s key priorities as the new President will be to enhance the credibility and transparency of the real estate sector. He plans to work closely with the government to implement stringent regulations that ensure fair practices and protect the interests of homebuyers. Additionally, Patel aims to promote sustainable development and green building practices to address environmental concerns.
In an interview, Patel expressed his vision for the future of the real estate sector.
Frequently Asked Questions
Who is Shekhar G Patel?
Shekhar G Patel is a prominent real estate developer and the Managing Director of a leading real estate firm. He has been elected as the President of CREDAI for the term 2025-27.
What is CREDAI?
CREDAI stands for the Confederation of Real Estate Developers' Associations of India. It is the apex body of real estate developers in India, established in 1999 to promote sustainable and ethical practices in the industry.
What are some key priorities for CREDAI under Patel's leadership?
Key priorities for CREDAI under Patel's leadership include enhancing the credibility and transparency of the real estate sector, promoting sustainable development, and protecting consumer interests.
Why is the real estate sector important for India's economy?
The real estate sector is a significant contributor to India's economy, providing employment to millions and driving urban development. It also plays a crucial role in infrastructure growth and economic stability.
How does CREDAI work with the government?
CREDAI works closely with the government to advocate for policies that benefit the real estate sector and its stakeholders. This includes promoting regulations that ensure fair practices and consumer protection.
Related News Articles
IAS Officer's Mother Arrested in Pune Over Land Dispute, Remanded to Police Custody
A Pune court has remanded the mother of an IAS probationer to police custody over a land dispute, while her husband and daughter face separate allegations of misconduct and disproportionate assets.
India's Real Estate Market Sees Unprecedented Growth in Q2 2024
The Indian real estate market is experiencing a dynamic transformation, with a significant surge in deal values and volumes, driven by economic recovery and supportive government policies.
Sheth Realty Achieves Rs 200 Cr Milestone with Codename Younique in Record Time
Located in the aspirational Sion suburb, Codename Younique is a premium residential property that combines world-class design with a competitive price point, making it an attractive option for homebuyers.
Top Eight Housing Markets See 5% Drop in Sales, 25% Fall in New Launches
Housing sales have taken a hit, declining by 5% in the July-September quarter across the top eight cities, primarily due to a significant reduction in new supply and a sharp increase in real estate prices.
APAC Investors Pour $1.3 Billion into Indian Real Estate in First Nine Months of 2024
Indian real estate has seen a robust influx of $4.7 billion in institutional investments between January and September 2024, with a significant $1.3 billion coming from APAC investors.
NAREDCO Maharashtra HOMETHON 2025 Draws Significant Attendance in Vasai-Virar
NAREDCO Maharashtra has successfully launched the Vasai-Virar HOMETHON Property Expo 2025, attracting a large number of visitors and generating significant interest in the real estate market.