CREDAI Maharashtra Installation Ceremony For 2025-27 Term Held

The installation ceremony of CREDAI Maharashtra, which was hosted by CREDAI - Pune Metro, witnessed the presence of Ajit Pawar, Deputy Chief Minister, Maharashtra. The event witnessed the participation of prominent industry leaders.

Newly elected CREDAI-Pune Metro President Manish Jain spoke about his vision and plans for the next two years. Prafulla Taware, newly elected president CREDAI Maharashtra, spoke about his key priorities for the 2025–2027 term, including empowering Tier 2 and Tier 3 cities, policy advocacy, skill development initiatives to generate employment and a consumer-centric approach.

Speaking at the event, Ajit Pawar, Dy. Chief Minister, Maharashtra, said “Regarding RERA, we must act swiftly to address any challenges in its implementation. We cannot allow regulatory obstacles to hinder the momentum of our real estate sector. I urge CREDAI to consolidate all relevant concerns—especially those tied to RERA and the broader real estate ecosystem—so I can take them up directly in the cabinet meeting. This includes the important recommendation to revise the affordable housing cap from Rs. 45 lakhs to Rs. 75 lakhs, which would significantly expand access to quality housing for more citizens.”

“The state government is also fully committed to resolving the issue of stalled housing projects in Pimpri Chinchwad and the surrounding 5-kilometre radius. Many of these projects have faced delays due to pending environmental clearances, a consequence of the Supreme Court's stay on a notification from the Environment Ministry. I have already raised this in the cabinet and we will present our position before the Court to ensure a swift resolution,” he added.

Ajit Pawar said, “I also want to recognize the crucial role CREDAI has played in shaping Maharashtra’s urban development—from the transformative projects in PCMC and Kolhapur to the visionary models like Magarpatta and Nanded City. Amid rising construction costs and labour shortages, it’s vital we work together—government, developers and stakeholders alike—to find sustainable, long-term solutions. My commitment is to work hand in hand with the people, continuously improve our infrastructure and ensure that every citizen has access to dignified, affordable housing.”

He also acknowledged the significant contributions of CREDAI’s Women’s Wing and encouraged the organization to actively promote women into leadership roles within the organisation.

Founded in 1982, CREDAI-Pune Metro is an association representing over 2000 member developers in Pune including 450 primary members and RERA & Associate members. The organization supports the real estate sector through policy advocacy, training, workshops, and seminars, enabling its members to stay informed about industry trends and regulatory updates.

CREDAI Maharashtra is a state level federation and is the apex body of the organized real estate developers/ builders across the state of Maharashtra (excluding Mumbai). 66 city associations are members of CREDAI Maharashtra with over 3000 plus individual member developers, encompassing over 75% of the organized private development in the state.

CREDAI Maharashtra was established in 1994 and is operating for the promotion of the real estate sector and for the benefit of its members since over 27 years. CREDAI Maharashtra closely works with government and semi-government agencies and takes initiative in policy formation. The federation discharges various corporate social responsibilities directly and through its members.