CREDAI Deepens Focus on Sustainability and Skilling; Shekhar G. Patel Takes Charge as President (2025–27)

Varahi media.com online news,National, April 19th, 2025: The Confederation of Real Estate Developers Association of India (CREDAI), the apex body of private real estate developers in India, has taken a significant leap towards sustainability and workforce development in the real estate sector. At the organization’s change of guard ceremony, Mr. Shekhar G. Patel officially assumed the role of President for the 2025–2027 term.

To mark this transition, CREDAI signed key Memorandums of Understanding (MoUs) with the National Skill Development Corporation (NSDC) and the Quality Council of India (QCI). These partnerships aim to drive industry-aligned skilling, certification, and employment through initiatives like Recognition of Prior Learning (RPL), structured training programs, and the adoption of modern construction practices including green building techniques.

In his inaugural address, Mr. Patel outlined a five-point strategic agenda under the unified mission of Viksit Bharat, emphasizing:

• Large-scale skilling of the construction workforce
• Launch of an industry-focused analytics centre
• Reforestation efforts starting from the Western Ghats
• Practical policy reforms for affordable housing
• Streamlining of project approvals to improve ease of doing business

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As part of the event, CREDAI and Colliers jointly unveiled an industry report titled “Sustainability in Real Estate: Towards a Greener Skyline”, outlining India’s progress and opportunities in green real estate. The report reveals that 66% of Grade A office spaces in India are now green-certified, with Hyderabad leading at 75% penetration. It also highlights a potential ₹425+ billion retrofitting opportunity in aging office infrastructure and forecasts 170–200 million sq ft of green-certified commercial supply by 2027.

Driven by ESG mandates, tax incentives, and programs like the Energy Conservation Building Code (ECBC), real estate developers are increasingly prioritizing LEED and GRIHA certifications. With 80% of future office demand expected in green buildings and consumers leaning towards sustainable homes, India’s real estate sector is positioned as a critical enabler of the country’s 2070 net-zero carbon goal.

Mr. Patel emphasized, “Green buildings are not just a trend—they’re a necessity. This report reaffirms our industry’s leadership in creating a low-carbon, resilient urban future.”

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Outgoing president Mr. Boman Irani, now Chairman of CREDAI, added, “With Mr. Patel’s leadership, CREDAI will continue driving innovation and sustainability while protecting the interests of developers and homebuyers.”

Backed by strong leadership and strategic alliances, CREDAI is poised to accelerate India’s transformation into a more sustainable, inclusive, and future-ready real estate landscape.

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