Bengaluru today stands as a shining example of balanced urban growth and economic vibrancy. The city continues to be India’s most resilient and future-ready real estate market.
In 2024, Bengaluru accounted for nearly 15% of all residential sales across India—a
testament to its unmatched demand, infrastructure momentum, and liveability quotient. Out of the 4 Lakh homes sold across the country , 70k were sold in Bengaluru.
What’s even more reassuring is that Bengaluru also has the lowest inventory overhang (10 months) among all major Indian cities, a clear indicator of market maturity and steady absorption..
On the commercial front, Bengaluru led the country in both office space supply and
absorption, further strengthening its reputation as the tech and innovation capital of
India.
And here’s something we can all take pride in: a majority of these developments have
been envisioned and delivered by CREDAI Bengaluru member developers. This is not
just a statistic—it’s a reflection of the collective impact, professionalism, and purpose- driven growth that CREDAI Bengaluru represents.
CREDAI Bengaluru has been the platform that unites us, amplifies our concerns, and
helps shape progressive dialogue with stakeholders—government bodies, policy makers, financial institutions, and most importantly, the citizens we serve.
Today, as our city expands and its urban fabric becomes more complex, the responsibility on our shoulders increases. We are not just developers—we are urban planners, ecosystem builders, and in many ways, custodians of Bengaluru's future.
Real estate now contributes close to 7.3% of India’s GDP, and is poised to reach 15% by 2030. It is also the second-largest employment generator, supporting over 50 million jobs directly and indirectly. CREDAI’s skilling programs have already trained over 1 lakh workers nationwide, and Bengaluru will continue to spearhead this important mission. I request each one of your organizations to proactively participate and further these initiatives.
Friends, we are at a pivotal moment. As India urbanises rapidly—projected to have
nearly 50% of its population in cities by 2047—Bengaluru is poised to lead this
transformation.
As President of CREDAI Bengaluru, I am committed to being a bridge-builder—a bridge between developers and regulators, between opportunity and policy, between
aspirations and action.
Let us approach the future with ambition, integrity, and unity. Let us shape a city that
thrives not just in square feet, but in quality of life. A city where dreams are built—not just homes.
Thank you for your trust. I look forward to walking this journey with all of you.
Mr. Zayd Noaman
PRESIDENT CREDAI BENGALURU
CODE OF CONDUCT
Code of Conduct is a document of principles that binds all CREDAI Bengaluru members. It is the most important founding stone of the association and has been included in the proposed Real Estate Regulatory Act. This document lists the guidelines and a mandatory set of laws that all members have to implement and abide by. The aim of this Code of Conduct for Developers, Promoters and Builders is to maintain the honour and dignity of Developers, Promoters and Builders in general, and to secure the spirit of friendly cooperation between the developers.
Promoters and Builders and their customers in the promotion of the highest standard of promotion, development and building activities and to establish transparency, and fair dealing between the developers, promoters and builders with their customers; and to establish a spirit of brotherhood within the Associations of Developers, Promoters and Builders to try and ensure that Developers, Promoters and Builders discharge their responsibilities to the community in general.
CREDAI NATIONAL
Today, CREDAI represents 13000+ Developers across 217 city chapters in 21 states and plays an important role in policy formulation by representing the views of its members to various Ministries at regular intervals.
CREDAI strives to make the Real Estate industry organized and progressive by working closely with all stakeholders: Government representatives, policymakers, investors, finance companies, consumers, and real estate professionals. CREDAI is a recognized partner for the Government and is represented on several committees working in policy formulation. CREDAI engages in policy advocacy with the Government including the Ministry of Housing and Urban Affairs, the Ministry of Environment, Forests and Climate Change, the Ministry of Finance, the Ministry of Civil Aviation, the Ministry of Skill Development & Entrepreneurship, the Ministry of Labour & Employment and with agencies like Bureau of Indian Standards (BIS), Bureau of Energy Efficiency (BEE), Niti Aayog and others.
