Home Buyers Guide
Advantage of buying with a CREDAI builder
CREDAI is an apex body of private real estate builders and developers based out of India. Today it houses more than 20,000 builders and developers across India and over 115 state/ regional associations across 21 states in India.
Before understanding the benefits of buying from CREDAI builders, you need to understand their history and powers and limitations that come along with them.
Founded in the year 1991, CREDAI was conceived primarily to offer a representation from the builder/developer side regarding all policy/ financial/ ethical matters in real estate. They station members in various posts to work closely with policy makers of the government.
CREDAI primarily aims to nurture ethical ways of functioning and create transparency between builders and customers. One of the many reasons why buyers prefer CREDAI members or feel more safe in investing with a member of CREDAI.
Also, individual developers are not entitled for membership of CREDAI and one needs to be an active member of regional associations to be eligible to become a member. So, only a builder with an active track record and good reputation can be eligible to be a member of CREDAI.
CREDAI memberships require an enormous amount of documentation and criteria and it helps to easily distinguish quality members in the market.
Coming to the primary benefits of investing with CREDAI builders, there are two tangible benefits which are seen as a huge boon for home buyers.
One, CREDAI regulates various facets of home buying like payments, delivery timelines and so forth. A classic example is CREDAI builders aren’t allowed to levy unfair penalties for late payments made by home buyers.
Second one is every customer is entitled to lodge a complaint against any CREDAI based builder in their official website if they are subjected to any unfair treatment which builds a huge trust among home buyers.
As a buyer it's very important to do a thorough background check of the builder and go beyond just simply trusting these accreditation and memberships, as it’s always better to be safe rather than feeling sorry later.
For suggestions or feedback, please write to us at sales@silverskybuilders.com
Before understanding the benefits of buying from CREDAI builders, you need to understand their history and powers and limitations that come along with them.
History & Purpose of CREDAI
Founded in the year 1991, CREDAI was conceived primarily to offer a representation from the builder/developer side regarding all policy/ financial/ ethical matters in real estate. They station members in various posts to work closely with policy makers of the government.
CREDAI primarily aims to nurture ethical ways of functioning and create transparency between builders and customers. One of the many reasons why buyers prefer CREDAI members or feel more safe in investing with a member of CREDAI.
Only Builders with active history can become a CREDAI member
Also, individual developers are not entitled for membership of CREDAI and one needs to be an active member of regional associations to be eligible to become a member. So, only a builder with an active track record and good reputation can be eligible to be a member of CREDAI.
CREDAI memberships require an enormous amount of documentation and criteria and it helps to easily distinguish quality members in the market.
Benefits of buying with CREDAI Builder
Coming to the primary benefits of investing with CREDAI builders, there are two tangible benefits which are seen as a huge boon for home buyers.
One, CREDAI regulates various facets of home buying like payments, delivery timelines and so forth. A classic example is CREDAI builders aren’t allowed to levy unfair penalties for late payments made by home buyers.
Second one is every customer is entitled to lodge a complaint against any CREDAI based builder in their official website if they are subjected to any unfair treatment which builds a huge trust among home buyers.
As a buyer it's very important to do a thorough background check of the builder and go beyond just simply trusting these accreditation and memberships, as it’s always better to be safe rather than feeling sorry later.
For suggestions or feedback, please write to us at sales@silverskybuilders.com
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Advantage of buying with a CREDAI builder
May 21, 2022