CREDAI to promote start-ups in affordable housing

Jaipur: Confederation of Real Estate Developers Association of India (CREDAI) will promote youths with start up ideas in the field of affordable housing. CREDAI will train youths who want to build affordable homes. The real estate body will also help start ups get financial help from banks and the government. Youths who don’t have investment capital or land t will be able to come up with affordable housing projects with the help of CREDAI, its officials said on the sidelines of a property expo in Jaipur.

CREDAI Rajasthan will soon start work in this direction. The government has awarded infra status to affordable housing, making it possible for people to easily enter the sector with financial help under various government schemes. It will become easier for budding builders to secure loan to procure land for launching affordable housing schemes.

CREDAI is building a youth wing. Youths who want to join the country’s construction industry can join the wing. Even if a youth doesn’t have land or investment capital, he or she can learn many aspects of the trade including town planning, architecture, construction engineering etc.

These youths will work on ongoing real estate projects to get experience in how to develop a housing project from an ideation phase.

CREDAI Real Estate Expo being organized in Jaipur is drawing attention of people to many modern concepts in the housing sector.

“Many projects have green building and temperature control concepts. I liked them a lot,” said Manoj Kumar, a resident of Sodala who visited the expo on Sunday.