CREDAI Conclave debuts in Indore; 28 projects win Golden Brick Award

The inaugural session of CREDAI Indore Conclave was successfully organized by the Confederation of Real Estate Developers Association of India, in the Financial Capital of Madhya Pradesh, Indore. The event witnessed sessions focusing on CREDAI Indore, followed by the Golden Brick Award Ceremony and the vibrant Gala Night.

The one-day event concluded with the participation of CREDAI members' family members during the evening award ceremony. The highlight of the evening was the captivating performance by 'Storyteller Musical Brand'.

The event brought together prominent figures from various fields, to share their insights in different sessions. Among the notable attendees were Indore Mayor Prashyamitra Bhargava, Indore Collector Ilayaraja T, CREDAI National Chairman Manoj Gaur, CREDAI National President Boman Irani, CREDAI National President-elect Shekhar Patel, Enrock Chairman Anuj Puri, and Karan Singh Sodhi, who heads Alternative India at JLL.

The conclave comprised a total of four sessions. In the opening session, Manoj Gaur, the National Chairman of CREDAI, emphasized that Tier-2 and 3 cities no longer require separate CREDAI chapters. Additionally, during the program, CREDAI chapters for Khandwa, Burhanpur, Betul, and Khargone in Madhya Pradesh were launched.

At the third session, Enrak's Chairman Anuj Puri provided an overview of the current trends in the real estate industry. He noted that the idea of a one-bedroom property has evolved significantly in recent times. The preferences of individuals vary according to their age, with those aged 25-35 preferring properties under construction and those aged 50-plus preferring those that are ready to move in.

Additionally, the sessions discussed topics such as "Indore: the Gateway for IT and Commercial Real Estate, Exploring Housing and Residential Development Opportunities, and Policy & Business Exchange for the Rising City of Indore," among others.

The conclave discussed extensively on the real estate topic. Some of the main points can be summed as:

- Developers should aim to acquire land at the best possible price. When land prices are low, it's wise to invest personal funds, and during periods of high prices, consider partnerships. Building good relationships and networking will prove beneficial for future projects. Embracing technology has become crucial in the real estate sector, so integrating it into operations is vital.

- Collaborate with young talents and embrace innovative ideas to enhance project outcomes. Avoiding mistakes is essential as even a single misstep can significantly reduce progress. Young developers should study both successful and unsuccessful developers to gain valuable insights.

- A strong team capable of market analysis is crucial for making informed decisions. Working in areas with growing urban development is a strategic approach. Always align planning with government policies to ensure a smooth and successful project execution.

The one-day event came to an end with the prestigious CREDAI Indore Golden Brick Award Ceremony and Gala Night. A total of 28 projects were recognized and honoured during the Golden Brick Award Ceremony.

Lastly, the partners of the CREDAI Indore Conclave, including Aaren Group, Apollo Creation, BCM Group, M. Jhaveri Group, NRK, Omaxe Group, Oyster, Sahil Grand, Singapore Sarthak Group, Sky Earth, and SS Infinitus, were congratulated by CREDAI Indore Secretary Sandeep Srivastava and Sumit Mantri for playing a significant role in making the event a success.