How to become

All associations of promoters and builders of real estate as well as associations of real estate developers anywhere in the country can become CREDAI members.

All individual developers and builders can become members of the city- or state-level developer associations, which can in turn become members of CREDAI.

To become a member, please write to the concerned State Secretariat. The details of our state secretariats are mentioned below.

CODE OF CONDUCT

CREDAI National has formulated this Code of Conduct to govern the business activities of its members across the country by keeping in mind the requirement of providing confidence and comfort to their purchasers. This Code is subject to minor amendments by city units depending on the local conditions and requirements. The word "UNIT" mentioned in this code would mean and include Flat / Villa / Row House or any other type of residential space and also office / retail or any other type of commercial space.

CLICK HERE TO DOWNLOAD THE CODE OF CONDUCT

MEMBERSHIP BENEFITS

• Collective representation and unified voice of the real estate industry.
• Influencing policy and processes relating to taxation, interest rates, FDI, RERA, environment, and labour legislation.
• Enhancing the perception of the real estate industry through social action on skill development, solid waste management, labour welfare, and education.
• Bonding, interaction, and consensus-building among the real estate community.
• Participation in debates and discussions for strategic action.

MEMBERSHIP CATEGORIES

There shall be following categories of membership:

• Member Association
• Associate Member
• Overseas Associate
• Invitee Member

Member Association shall be of two types:

• Any State-level Federation/Organization of Promoters and Builders and Real Estate Developers representing a State in India, having at least two City/Town level Associations as its members, except MCHI (Maharashtra Chamber of Housing Industry), being the founder member, shall continue to enjoy the status of State Federation.The existing State-level Federation(s) not fulfilling the above criterion must meet the requirement within six months. Failing this, the said Federation(s) shall automatically become a City/Town level association.
• Any City/Town level Association/Organization of Promoters & Builders and Real Estate Developers in any place where no State-level Federation exists.Upon the formation of a State-level Federation, such a Federation will become a member, and the concerned City-level Association will cease to remain a member of CREDAI National, instead becoming a member of the new State-level Federation.

Member Association

Any State level Federation / Organization of Promoters and Builders and Real Estate Developers representing a State in India having at least two City / Town level Associations as its members, except MCHI (Maharashtra Chamber of Housing Industry), being the founder member, shall continue to enjoy the status of State Federation.The exiting State level Federation (s) not fulfilling the above criterion, in order to be considered as such, shall have to fulfil the above requirement within a period of six months, failing which the said Federation(s) shall automatically become a city / town level association.

Any City / Town level Association / Organization of Promoters & Builders and Real-Estate Developers in any place where there is no State level Federation in existence. Upon formation of the State level Federation, such a State level Federation will become the Member and the concerned city level association will cease to remain a member of CREDAI National upon which it will be a member of the new State level Federation.

Overseas Associate:

Foreign Association or undertaking engaged in real estate activities may apply to become an Overseas Associate provided that the Governing Council Board may, at its discretion with the concurrence of not less than three-fourths of its total strength, relax or vary any of the qualifications for membership specified herein. A circular or letter duly signed by a member of the Governing Council Board expressing his approval or disapproval of the relaxation or Variation, as the case may be, shall be entered in the Register of Members.

Associate Member:

Housing Finance Companies, Commercial Banks and Financial Institutions having Activities in the field of Real Estate, Consultants, Association or Council or Organization having interest in real estate development activities, Professional Institutes/ Organizations/ Boards dealing with collection and dissemination of Information, Research and Development shall be eligible to be invited to become Associate Member of the Confederation.

Invitee Members:

All members of City level associations shall be invitee members without having voting right

Admission of Membership:

• Any State/City/Town level Association desirous of becoming a Member of the Confederation shall apply in the prescribed form to the Secretary. The application must be proposed and seconded by a member of the Confederation and recommended by a Member of the Governing Council Board. It must also be accompanied by a Demand Draft in favour of “CREDAI” for the entrance fee and annual subscription.
• If the Governing Council Board considers it necessary, it may constitute a Screening Committee for admission to membership as a “Member Association” and may establish guidelines and delegate powers to it as deemed fit.
• Associations may be admitted to membership by the Governing Council Board with the approval of the majority of the members present and voting at a meeting, ensuring that the admission is approved by a majority of the total membership of the Governing Council Board.A circular or letter signed by a member of the Governing Council Board expressing approval or disapproval of the admission shall be considered valid for this purpose of this Article.
• If no reply is received from any such member of the Governing Council Board within thirty days of being asked to signify his approval or disapproval of such admission, the Governing Council Board may refuse any application for membership without assigning any reason.
• The Governing Council Board shall decide any question which may arise as to the eligibility or otherwise of any applicant for admission as a member and its decision shall be final.
• If the application is rejected, the Secretary and/or Director General will intimate the rejection to the concerned Applicant and refund to the concerned Association the sum paid for the purpose.
• If the application/organisation is accepted by the Governing Council Board, then the Secretary and/or Director General shall notify the acceptance thereof to the applicant in writing. He shall also furnish the applicant with a copy of the Constitution of the Confederation. The date of enrolment of the member shall be the date on which his application is accepted by the Governing Council Board.
• Any undertaking having been invited to become an Associate Member of the Confederation shall apply in the prescribed form for the purpose to the Secretary and shall be recommended by any member association of the Confederation. Such an Application shall be accompanied by a Demand Draft in favour of the Confederation. Alternatively, such an undertaking may first apply on their letterhead to the Secretary and once the prescribed form is received by them, they may forward that form duly completed along with entrance fee and annual subscription.
• The Governing Council Board may refuse any application for admission as Overseas Associate without assigning any reason.
• Once the membership is granted, the "member association" on their letter head and any other stationery will include under their association name a CREDAI logo and a line mentioning Member – CREDAI. In the case of member associations joining after Adoption of these Articles, it would be mandatory on their part to include in their name as a prefix or suffix the acronym “CREDAI” as also the name of City or Town they represent.

Rights and obligations:

Any Association or Undertaking having been admitted to Membership of the Confederation will be deemed to have agreed to amend their bylaws in synergy with these articles of association and also to abide by and be subject to these Articles, rules and regulations, bylaws and standing orders of the Confederation that may be in force from time to time. However, this shall not apply to associate members or overseas associates.

Entrance fee and subscription:

The Entrance fee and annual subscription the payable by each category of Members for the time being shall be as follows:

Annual subscription:

Each State Federation shall pay this fee of Rs.1 000/- per individual member of their city association which is subject to concession provided herein below:

However, the annual subscription for State Federations will be minimum Rs.4,00,000/- and maximum Rs.10,00,000/-

The Governing Council Board of the Confederation shall have the authority to alter from time to time the subscription stated herein.

Each and every type of member of the Confederation shall pay such additional Subscription, not exceeding the annual subscription for the time being, as may be decided by the Governing Council Board from time to time having regard to the requirements of the Confederation. However, such additional subscription shall not be payable more than once in any period of three years.

All subscription and admission fees shall be payable in advance by Demand Draft only on such date or dates as may be designated by the Governing Council Board from time to time.

If the Annual Subscription or any other amount due to the Confederation is not paid in time, the said amount shall require to be paid along with interest @ 12% PA.

No member shall have any voting rights unless entire dues are paid.