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CREDAI Announces “Change of Guard” for 2019-21


–          Satish Magar takes over as new CREDAI President with a mission to “Transform Indian Real Estate”

–          Vishal Gupta (MD, Ashiana Housing Ltd) as Vice President, CREDAI National

–          Pankaj Goel (Director, Express Builders Ltd) as Secretary, CREDAI National

–          Bani Anand (Director, ATS Ltd) as CREDAI Women’s Wing National Convener

–          CREDAI NCR remains a high priority region for CREDAI which will continue to be the epicenter of the sector’s growth.


New Delhi, 3rd April 2019: CREDAI, the apex body of private Real Estate Developers with a strong base of over 12000 member developers present in 23 States & 205 City Chapters across India, today witnessed its ‘Change of Guard’ with Mr. Satish Magar taking over the baton from Mr. Jaxay Shah to become the new president of the 20-year-old body. The installation ceremony saw the gracious presence of CREDAI Executive and General Committee members, industry stalwarts, and dignitaries from the industry and all past presidents of CREDAI National.

Vishal Gupta was unanimously elected as Vice President to represent the North Zone at the National level. Pankaj Goel also from NCR was nominated as the Secretary of the prestigious association. Pankaj Bajaj, President CREDAI NCR will head the committee on Urban Development entrusted with policies to promote private sector developers in the development of smart cities and urban social infrastructure.

CREDAI Women’s Wing, a business forum with a long term aim of making this industry gender neutral will be headed by Ms. Bani Anand from the NCR region. Mr. Manoj Gaur with a stellar record of delivering houses to lower- and middle-income groups will head the Affordable Housing panel of the national body.

Mr. Satish Magar in his maiden address committed himself to “Transforming Indian Real Estate” in light of the new institutional structure defined by RERA, GST and policy measures to achieve “Housing for All by 2022”. Taking CREDAI’s 20 years’ strong legacy forward, Mr. Magar aims to expand CREDAI’s footprint to 100 more cities over the next two years with a robust focus on Tier 2, 3 and 4 cities amidst the wave of “New India”.

Reiterating CREDAI’s commitment towards the nation, Mr. Magar and his team intend to build a stronger skilling ecosystem and aim to impart skill training to one lakh construction worker over the next two years. The new leadership team has a comprehensive roadmap for Skilling in place. Under the leadership of Mr. Magar, the new team will explore opportunities to tie up with statutory bodies like RERA, BoCW and Welfare boards for Skilling, Up-skilling, Recognition of Prior Learning (RPL) and other scheme by Central Govt. The customized industry partnered Skilling Programs will be launched to create a talent pool of Skilled labor for the ever-burgeoning Indian Real Estate industry, revitalized with a new upsurge post the implementation of landmark reforms such as RERA, GST etc.


CREDAI National President, Mr. Satish Magar says “I am extremely honored to take this prestigious role of being the new President of CREDAI National. The last 20 years have been a glorious journey for all of us here and we intend on building on this strong foundation to lead a renewed era of growth and development. The Indian Real Estate sector is widely perceived to be as one of the most important sectors in India and we, at CREDAI, strongly believe that its contribution towards building a ‘New India’ will prove to be indispensable.”

Former CREDAI National Chairman Mr. Jaxay Shah, shares his comment “I would like to congratulate Mr. Satish Magar and wish him all the best for embarking on this extremely thrilling journey as the new President of CREDAI National. The last two years have been quite an adventurous ride not just for CREDAI but the entire real estate fraternity. CREDAI, through its endeavors, has been able to establish a highly conducive environment for Indian realty and all its stakeholders. We believe CREDAI will now reach newer heights under the able leadership of Mr. Satish Magar given his experience and holistic outlook towards the sector.”