Housing.com, one of the leading online real estate platforms, and the Confederation of Real Estate Developers’ Associations of India (CREDAI ), India’s apex real estate body, has signed a memorandum of understanding (MoU) for an exclusive partnership for three years.The objective of the MoU will be to improve the overall ecosystem and create a new-age platform that will authorize developers to engage with consumers in a focused manner.
The partnership is a evidence to the changing times in the way developers have been traditionally operating. This association is the first of its kind in the industry.It will redefine the way developers have been proposing buyers across India. They are confident that the association will prove to be mutually beneficial and make the community more transparent and consumer-centric.
Housing.com is an online real estate portal that enables users to search, rent and buy properties in India. Housing was founded in India in june 2012. Housing.com is owned and operated by Locon Solutions Private Limited. Its headquarters are located at Powai, Mumbai. Housing has an estimated 2000 employees and estimated annual revenue of $5 million. Housing’s primary competitors are 99 acres, Common Floor and Magic Bricks.
Established in 1999, the Confederation of Real Estate Developers’ Associations of India (CREDAI) guides jointly more than 11500 Real Estate Developers from 154 city chapters across 23 states of India. As the apex body for private sector developers, CREDAI has worked to make the industry more organized. CREDAI has developed into a tendered platform with regard to national conversion on housing and domain through its close and networking with government, policy makers, investors, finance companies, consumers, real estate professionals and developers.
CREDAI’s code of conduct encourages self-governance and ethical practices and is acquire voluntarily by all its members. CREDAI is also a knowledge sharing seminar for the latest industry data, technology advancements, industry benchmarks and international situation from time to time.