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CREDAI hosts 14th NATCON at Jakarta

The three-day 14th NATCON organised by CREDAI (Confederation of Real Estate Developers’ Associations of India) was inaugurated in Jakarta, Indonesia on Wednesday.  Against the backdrop of Modi Government’s agenda of‘ Housing for All by 2022’, the theme of this year’s NATCON is ‘Homes For All’.

Mr. Lalit Jain, Chairman CREDAI, Mr. C Shekar Reddy, President CREDAI and Mr. Irwan Hutasoit ,Vice Chairman for Finance, Banking and Investment – Jakarta Chamber of Commerce and IndustrySpeaking on the occasion, C. Shekar Reddy, National President, CREDAI, said, the new government in India under Prime Minister Narendra Modi is taking right steps to introduce reforms required by the industry and it is open to suggestions to bring in the positive changes. He said, “With a development focus Union Budget and steps like relaxation in norms of CRR and SLR by RBI, the housing sector will grow.”

Reddy said steps like bringing affordable housing project finance and home loans upto Rs50 lakh under the priority sector lending will give a major boost to the small and medium developers which cater to the affordable housing segment. Moreover, he said, “the Government has incorporated CREDAI’s recommendation and relaxed the FDI norms for investment in the real estate which will act as a catalyst for growth.”

By putting the theme of this year’s convention ‘Homes for All’, CREDAI has insured that the delegations and participating member developers from across the country come together, discuss the possibilities, exchange their views, and learn from each other.

NATCON 2014 was conceived under the leadership of Reddy to deliberate, discuss, learn and strategise to achieve the mission ‘Homes for All’. Lalit Kumar Jain, Chairman, CREDAI, along with Gethamber Anand, President-elect, CREDAI, and Pradeep Jain ( ex-Chairman, CREDAI) complimented Sushil Mantri (Vice-President & Chairman of the NATCON 2014 organising committee) and his team for holding NATCON 2014, with the largest number of delegates.

Eminent personalities, including Irwan Hutasoit, Vice-Chairman for Finance, Banking and Investment, Jakarta Chamber of Commerce and Industry, and Manish, Deputy Chief of Mission in the Embassy of India, also attended the conference.