Tag Archives: Pune training school

CREDAI sets up realty institute, offers scholarships

Posted on by Track2Realty

Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, credai, Pune training school, construction labourers training schoolAiming to promote excellence and bring in global standards in real estate arena, developers body CREDAI has announced an institute for research & professional studies and educational scholarships for needy students pursuing higher education.

The CREDAI Institute of Real Estate Research and Professional Studies will be set up at Ahmedabad near Kensville Golf and Country Club adjoining the renowned iCreare-the International Centre for Entrepreneurship and Technology.

Announcing the institute Lalit Kumar Jain, National President of CREDAI said Jaxay Shah, Vice President of CREDAI and Director of Savvy Infrastructures Ltd, has donated land for the Institute.

Kumar Urban development Limited (KUL) headed by Jain himself, has committed Rs. 1 crore for the Institute’s building. Several other leading developers too expressed their support to the cause of education, he said.

The CREDAI institute, aiming at imparting world class education and research in real estate related subjects, will be functional from June 2014. It and will have tie-ups and affiliations with top International Institutes having expertise in real estate domain.

CREDAI has also announced the launch of an Educational Scholarship Scheme (ESS) for promoting higher education by offering scholarships to deserving students who are pursue full-time degree/post-graduate degree courses in Civil Engineering or Management Degrees related to real estate sector at any of the colleges or institutes recognized by the All India Council of Technical Education (AICTE).

CREDAI has taken up the education initiative to encourage youth to play a major role in the nation building activities. Real Estate and construction industries support over 250 other industries and contribute 11% to the GDP, thus playing a pivotal role in the nation’s economic development. “It is the largest employer after agriculture. Hence CREDAI has taken up the initiative to enhance skill sets and promote talent,” Jain said.

The ESS will primarily target economically under privileged, but academically bright students and help them complete their professional education so that they can embark on a bright career path.

“Often bright students are forced to give up their education as their families cannot afford the expenses on higher education. ESS will help students break their families’ generations old cycle of poverty and harness their talent to make them productive members of society,” Jain said.

CREDAI will fund the seed capital or initial contribution for obtaining educational loans from banks.

CREDAI presents blueprint for housing surplus

Posted on by Track2Realty

Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, credai, Pune training school, construction labourers training schoolPointing out that real estate development can revive the sagging economy, developers’ apex body CREDAI has called for launching a mission to make India Housing Surplus from the current status of a housing deficit nation by 2020.

Real Estate supports 250 industries, generates employment and contributes 11% to GDP, CREDAI national President Lalit Kumar Jain said a statement today..

CREDAI also has written an open letter to the Prime Minister and set an 10-point agenda of action for taking the nation on an accelerated growth path while solving the housing problem faced by millions of people across the country.

Pointing out that the economic liberalisation initiated by Prime Minister Dr Manmohan Singh as the finance Minister in 1990 have not covered the real estate sector, CREDAI called for comprehensive reforms for the sector covering land, administration, banking and tax.

CREDAI reiterated its long standing demand for a Single Window clearance system and pointed out that McKinsey has said in its report to the Government of India that delays in approval processes alone increase sale value of houses by 40%. Delays due to multi clearances/approvals numbering over 40 by various Agencies/Departments of the Government – the average time being 18 months – are the order of the day though most of the Departments have the same series of check lists. This obviously leads to duplication of submission by architects. In fact, the number of building plans sanctioned over the past ten to fifteen months has drastically come down.

The only way forward for a clean and cost effective housing sector is an e-based standardization of single window approval process. CREDAI has submitted a Single Window Act for consideration to Ministry of Housing (HUPA) and Ministry of Urban Development. However, there has been no progress at all, Jain said.

Presenting CREDAI case for close coordination among various government departments, he said the various Central and State Government Departments are issuing directives in isolation. For instance, the Environment Ministry issued Building Approval guidelines authorising its Committees to link the height of a building to its distance from a Fire Station, though the Ministry is neither the technical nor the administrative head of Fire Safety issues! Such arbitrary exercise of power by MoEF has crippled the sector due to approval delays, adding to costs.

“Sir, we developers are entrepreneurs, conducting our business to the best our ability. We too hate the system that labels us as crooks, cheats and breeders of black money. Few people seem to realise that we are victims of the system and not beneficiaries or generators of black money for that matter,” he said in the open letter to PM.

He pointed out that developers are forced to deal with 140 officials at various stages to obtain 40 plus clearances and history is witness to the fact that corruption creeps in wherever there is a human interface. “Files are not cleared unless one greases the palms,” he lamented.

On land reforms, CREDAI said restrictive land use has led to raising the cost of the tenements, killing agriculture land, reducing Green cover and made physical infrastructure costlier. It is high time the policy makers consciously shed their skeptical, narrow views on land use. Andhra Pradesh has set the right trend by removing the concept of FAR leading to stabilization of prices and creating adequate supply.

The current home loans for affordable housing segment with 1% interest incentive is still very costly for many needy people. The interest rates on home loan, especially in affordable category, cannot and should not be more than 7%. Also, the current guidelines by the Reserve Bank are anti-housing industry as the cost of finance is very high that in turn makes housing costlier.

Currently, any purchase of housing unit costs @ 36% in direct and indirect taxes which include VAT, Service Tax, Excise Duty and Municipal Taxes etc., At this rate, one has to earn 150% of one’s current income to be able to afford a house and end up paying a heavy income tax of 32%!

There is a need to devise a special tax-free affordable housing project scheme. Though there will be seemingly a revenue loss, this will be more than offset by the collection of other indirect taxes, he said.

Delving on slum rehabilitation, CREDAI said as much as 15% of entire population of this country lives in slums. Few urban areas in state like Maharashtra have come up with slum rehabilitation policy. However, these policies fall short of expectations to achieve desired results, mainly because they are impractical. Also, the Rajiv Awas Yojana in its present form cannot achieve desired results. “What we require is slum lord free environment where all the slum-dwellers attaining majority age of 21 get their own rightful homes,” Jain argued.

These issues cannot be resolved by routine administrative remarks on files like “Please attend to” or “for your attention please”. Housing is a State subject. Even at the centre, housing policy making is fractured between two Urban Ministries, and several other Central Ministries which dabble into the matter at their own sweet will without even referring the matter to either of the Urban Ministries.

From the point of accountability, CREDAI suggested that for every building proposal submitted, there should be a mention of Revenue to be generated, Employment opportunity created, contribution to GDP, along with the date of application submission and the date of final approval. In case of delay, those responsible must be punished.

CREDAI said India’s urban population has grown from 290 million in 2001 to 377 million in 2011 which accounts for over 30 percent of the country’s population. The number of cities and towns has also increased from 5,161 in 2001 to 7,935 in 2011 – a 51% growth. The number of 1 million plus cities has grown from 35 in 2001 to 53 in 2011, registering a 45% growth.

By 2031, India will have more than 87 metropolitan areas and the country’s urban population is likely to soar to over 600 million, adding about 225 million people to present urban population.

“If this goes unchecked and unattended, we will have an explosive situation of hundreds of slum colonies everywhere because housing has become unaffordable,” Mr Jain said.

“Sir, we have been trying to seek an appointment with you for long since we cannot hope to achieve anything tangible without your intervention. We have already made several representations to all the concerned ministries but with no positive response,” the open letter said.

“It is in this context that, Prime Minister Sir, we would like to urge upon your honour to pay an immediate attention to the Future Shock scenario and take concrete steps to tackle the crisis,” the letter added.

CREDAI Pune launches skill development programme

Posted on by Track2Realty

Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, credai, Pune training school, construction labourers training schoolWith the real estate industry facing a shortage of skilled manpower, the Confederation of Real Estate Developers’ Association of India (CREDAI) has launched a skill development programme in Pune.

CREDAI National President Lalit Kumar Jain said, “The construction industry is the second largest contributor to the nation’s gross development product (GDP). In the coming years, the industry will require more than 1.25 crore of skilled labour. It is important to produce at least 25,000 skilled workforce every year.”

The skill development programme, ‘Kushal’, has been jointly launched by the national skill development corporation (NSDC) and CREDAI Pune Metro. Un-skilled and semi-skilled labourers will be imparted training as part of the programme.

CREDAI (Pune) Vice-President Rohit Gera said training will be offered to construction workers in six trades – shuttering carpentry, bar-bending, masonry, plumbing, painting and tiling. “The USP of the programme lies in providing learning opportunities to poor construction workers on the job and on the site free of cost. Workers learn while they earn.”

On the evaluation pattern Gera said, “The labourer’s performance is evaluated daily by the trainer present on-site full time. Also, intermediate evaluation and final evaluation comprising an oral test and a pictorial test will be done. On completion of the programme, the laborers are awarded certification by Builders Association of India.

“The Kushal project aims at imparting training without disturbing on-site work. It consists of 80 per cent on-site training and 20 per cent classroom-based training. The most measurable outcome of the programme for the trainees is considerable wage rise, leading to better living conditions,” said Gera.

The course content has been professionally developed by experts, said CREDAI officials.

CREDAI to replicate Pune’s onsite training model

Posted on by Track2Realty

Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, india news, property news, real estate news, India Property, credai, Pune training school, construction labourers training schoolThe Confederation of Real Estate Developers Association of India (CREDAI) is evaluating the possibility of replicating the onsite training model for construction workers, being implemented by its Pune chapter, to more states shortly.

“At present, Credia’s national skills development committee is studying the model and is in the process of doing certain modifications to it. We have already received enquires from Andhra Pradesh, Chhattisgarh, Jharkhand , Orissa and Mumbai for implementing the same,” C Sekhar Reddy, vice-president, Credai India and president of CREDAI Andhra Pradesh, told media persons.

CREDAI to add more pan-India training schools

Posted on by Track2Realty

credai, Pune training school, construction labourers training school, Delhi NCR real estate, Bangalore Real Estate, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Mumbai Real Estate, India PropertyThe Confederation of Real Estate Developers’ Associations of India (CREDAI), which started training 200 construction workers on a pilot basis at its Pune centre, has plans to train 20,000 people in the next three years.

“We train them at the construction site for three months. We will run it pan-India by this year end depending on the success of the model,” JP Shroff, Chairman of the Labour Committee, CREDAI, said.

The initiative in partnership with the National Skills Development Corporation (NSDC) targets to train 100,000 construction workers over a 10-year period. The cost for the first phase would be Rs 30 crore, of which Rs 12 crore would be given by the developers and contractors, and the rest would be by NSDC under its skill development programme, said Lalit Kumar Jain, National President, CREDAI.

Training institutes for the construction are mushrooming beyond CREDAI as well. L&T also has seven CSTIs at Chennai, Mumbai, Bangalore, Delhi, Ahmedabad, Kolkata and Hyderabad, which together train 6,000-7,000 workers every year. The institute is planning to ramp up its students strength from the current 150 per batch to 200- 400 depending the size of the centres.

On average, it spends Rs 20,000- Rs 5,000 per student. The course covers 20 per cent theory and 80 per cent practical, which is hands-on training in bar bending, steel fixing, electrical trades and masonry.

Apart from L&T, construction companies including Hindustan Construction Company (HCC) and others are providing training at the local level. Mumbai-based Pipal Tree Ventures Private Limited, which has trained 100-150 construction workers on a pilot basis in Nellore district of Andhra Pradesh, aims to train about 15,000 by 2011-12.

Pipal Tree plans to set up 20 construction training schools on a pan-India basis with an investment of Rs 25-30 crore, targeting to train 100,000 construction workers over five years. Pipal Tree, which ventured into the segment in 2007, has so far trained 2,000 workers through its five schools. The training institutes are also developing their curriculum in regional languages such as Telugu, Marathi, Hindi.