Confederation of Real Estate Developers’ Associations of India - Kochi

What is CREDAI?

The Confederation of Real Estate Developers' Associations of India (CREDAI) is the apex body of organized real estate developers representing over 5000 developers through 20 member associations across the country. It is an autonomous organization responsible for promoting changes and reforms, creating and maintaining guidelines pertaining to integrity and transparency among developers, and representing issues and proactive policies before the government and other concerned authorities. It encourages scientific developments to the industry by encouraging research in construction techniques and property development. CREDAI aims to bring in more growth and development into the industry, thereby ensuring continued and secure investment opportunities for the investor.

OBJECTIVES OF CREDAI

1. Present proactive policies
2. Promote stability and growth
3. Uphold ethical business values
4. Create and enforce guidelines among developers
5. Provide an attractive investment environment

CREDAI KOCHI

CREDAI Kochi is the Kochi chapter of CREDAI, promoting real estate development in Kochi with a national impetus. CREDAI Kochi comprises a league of developers and builders who have over the years earned a reputation among buyers and investors.

Aiming at taking the realty sector of the state to higher standards, CREDAI Kochi constantly strives to bring in the best practices prevalent in the industry nationwide in terms of innovative ideas, latest trends and standards in construction activities, and takes sincere efforts to maintain integrity and transparency in the realty sector.

As an integral part of CREDAI, the apex body of organized real estate developers across India, CREDAI Kochi will voice and represent issues and proactive policies before the government and other concerned authorities. The association will seek to redress issues pertaining to taxation and stamp duty, promulgate prudent strategies for affordable housing and to provide good return of investment for consumers.

OBJECTIVES OF CREDAI KOCHI

1. Promote changes and reforms
2. Rationalise duties and taxes
3. uphold integrity and transparency among developers
4. Represent issues and proactive policies before the government
5. Encourage scientific developments in construction techniques.
6. Promote stability and growth in the real estate sector

Oil Excavation Efforts in Progress in Cochin

KOCHI - Oil and Natural Gas Corporation Limited (ONGC) on Sunday started a major oil exploration drill off Kochi coast, which could give a major boost to Kerala’s industrial prospects.The early results of the ultra-deep oil explorations in the Kerala-Konkan basin by the Oil and Natural Gas Corporation will be available in 100 days, according to ONGC Chairman and Managing Director R.S. Sharma. Addressing media on the occasion Sharma said that it would take 101 days to get a complete picture of the oil prospects in the area. “I am happy that my initial observation appraisal, assessment has been quite satisfactory. It will take 101 days to complete,” he said. Sharma further informed that initial reports suggests that oil could be found at a depth of 4,500 meters. “This is the first well we are drilling in the ultra deep waters. The water depth of this location is 2,080 meters and the target depth, the further drilling, the sub-surface shall be another about 4,500 meters,” said Sharma. According to scientists, the geological samples obtained under the sea matched seismic and geo-chemical studies and the chemical study results stand positive for further drilling. Most of the preliminary exploratory drilling confirmed the presence of hydro-carbon, carbohydrate and other chemicals. Experts say it is a major leap for oil and gas exploration in the country as the basin might be an abundant source of oil and natural gas. Once the basin starts crude oil production, it could provide a big boost to the energy-starved Kerala. (ANI)

Smart City Project in Kochi

The project was originally initiated by A K Antony in 2003 when he was the chief minister of Kerala. Later, during Oommen Chandy's chief ministerial period, he was very keen about going ahead with this project. For this purpose, he invited the Dubai Internet City officials for a feasibility study and later the Memorandum of Understanding (MoU) was signed. Due to protest from opposition parties, he could not make it a reality. After V. S. Achuthanandan took over as the chief minister, he also showed interest in this project and invited the Dubai Internet City team for another round of discussions. He proposed new suggestions and altered the earlier MoU prepared during Oommen Chandy's time. On 13 May 2007, the officials of the Government of Kerala and TECOM Investments and Sama Dubai signed the final agreements.

Metro Railway Project in Kochi

A bouquet of achievements awaits Kerala with the longawaited Kochi Metro Rail Project close to being realised and Kozhikode set to be included in the expanded Jawaharlal Nehru National Urban Renewal Mission. The Planning Commission, after long and hefty persuasion by the Ministry of Urban Development, has given the green signal to the Metro Rail Project on the lines proposed by the State - a joint venture of the State Government and the Centre. The Metro Rail Project, which could change the face of Kochi, has been put on the fast track with its inclusion in the 100-day programme of the Ministry of Urban Development. This was announced by Union Urban Development Minister Jaipal Reddy while divulging his Ministry's action plan in the coming 100 days.

Vallarpadam Container Terminal

On the 16th February 2005, DP World announced that it has formally signed an agreement with the Cochin Port Trust (CoPT) to construct, develop and operate an International Container Transhipment Terminal (ICTT) – An India Gateway Terminal – at Vallarpadam. The project was formally launched with the laying of the foundation stone by Mr. Manmohan Singh, the Hon’ble Prime Minister of India. The ceremony was attended by Dr. Jacob Thomas, Chairman, CoPT and Mr. Sultan Ahmed Bin Sulayem, Executive Chairman, DP World. The proceedings were overseen by the Hon’ble Minister of Shipping, Government of India, Mr.T.R. Baalu, the Hon’ble Chief Minister for Kerala, Mr.Oommen Chandy and His Excellency, the Governor of Kerala, Mr. R.L. Bhatia. Over the last few months there has been press releases, statements by various State and Union Government leaders and officials and a general thrust in public relations... . all leading to an impression that the Container Transhipment Terminal at Vallarpadam is not only a reality but the actual construction and commissioning is just round the corner. DECLARATION of the Vallarpadam and Puthuvypeen areas as special economic zones will reduce the cost of the proposed trans-shipment terminal by at least Rs 300 crore by way of exemption from Customs and Excise duties and income-tax, according to Mr Paul Antony, Development Commissioner (DC) of Cochin Special Economic Zone.

CRITERIA FOR MEMBERSHIP OF KBA

1) The application can be considered only of those Builders/Developers who had having sound track record and seem to fall in line to observe the code of conduct of the Association.

2) The application shall be proposed and seconded by the existing one member of KBA other than the Executive Committee Members.

3)The application shall be accompanied by the following documents:

i) Cheque for membership fee and the Annual Subscription at the prevailing rates.
ii) Completion certificate of the projects.
iii) Commencement certificates of the on going projects.
iv) Copy of documents related to registration of the firm and constitution of the firm/company.
v) Copy of PAN card.

4) New application received for enrollment of membership shall be scrutinized by the Executive Committee. The Executive Committee has absolute and uncontrolled discretion either to accept or to reject the said application. The Committee shall not be bound to give any reason for such rejection.

5) If the application is accepted by the Executive Committee then the It. Hon. Secretary / Secretariat shall notify the acceptance thereof to the applicant in writing and accordingly he will be enrolled in the Membership register. The use of KBA logo is compulsory in all the publicity and advertising material of the Member. Issue welcome letter, guidelines for participation in PBAP, all circulars and bulletin copies for the year.
It is obligatory on the part of all the members to follow all the Rules & Regulations, Code of Conduct, Code of Practices, strictly in the interest of the Business of the Association.

6)In case of the following the members should inform the Executive Committee whereby the records of the records of the Association will be changed accordingly in the following circumstances…

i) If there is the change in the name of the member firm, wherein constitution of the firm as well as the registration no. ( of Registrar of Firms) remains the same.

ii) There is a change in the constitution of the member firm, wherein the name as well as the Registration no. (of Registrar of Firms) remains the same.

iii) There is a change in the constitution i.e. Partnership to Pvt. Ltd. Co. / Public Ltd. Co. or Proprietary & vice-verse then each of this case, if the original firm is dissolved, and in that place if the new organization as mentioned has came in existence.

In the above circumstances, it will not be treated as new membership but the same old membership will continue with the necessary modifications in the records of the Association.

Kerala Builders Association (KBA)

ABOUT KERALA BUILDERS ASSOCIATION


Kerala Builders Association was formed and founded in the year 2005 to secure a voice for the members as well as for attaining more professionalism in the construction industry, an industry that is currently largely unorganized. Kerala Builders Association has a strength of more than 200 members and represents the key trendsetters in the construction industry. The Kerala Builders Association comprises of builders with a proven track record of their own and has an impressive presence across the state.

The Kerala Builders Association is of the view that housing is one of the basic needs of the society and in the current competitive scenario, the expenditure pattern is not all that logical thereby making the end product prohibitively expensive. To bring about more transparency at work, the Association is willing to work together with similar other professional bodies. They are also of the opinion that the time has come to address every concern of millions of those who are aspiring to own a home in this part of the world.