The Association of Builders and Developers of Thrissur (ABD) will merge with the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India. The decision is expected to boost the image of Thrissur builders as CREDAI represents more than 5,000 developers through 20 member associations across the country.
CREDAI links private real estate developers to the government and customers through numerous initiatives and activities. CREDAI’s success in bringing the majority of organised private real estate developers under a single umbrella is a potent force that promises the rapid development of the realty sector—one that knows itself as a major driver of India’s economic growth.
With this important decision, 44 members of the ABD will have more say and standing in the real estate sector. Usually, getting a membership in CREDAI is tough as there are numerous stipulations. Now, the builders and developers of Thrissur can enjoy all facilities being offered by the apex body. The efforts of Padmakumar, Cherian John and Sreeranj towards achieving this merger were commendable.
