The Confederation of Real Estate Developers' Associations of India (CREDAI) has set a target to expand its presence from 177 to 300 cities by 2018. The real estate body plans to focus its attention towards the development of tier-II, III and IV cities.

To achieve this ambitious goal, CREDAI is organising the New India Summit on November 9 and 10 at Nagpur to showcase the potential of tier-II, III and IV markets and highlight the efforts being expended towards their growth.

The theme of the forum, ‘Small Towns, Big Capabilities’ aims to reinforce the impact of the new government policies and encourage CREDAI’s member developers to increase their contribution in these markets.

Despite the immense development of the metros, the Indian and state governments are constantly implementing plans to give a new dimension to the development of the nation.

Aligning themselves with one such initiative, CREDAI aims to work towards the 'Housing for All by 2022' initiative by encouraging their member developers to focus their projects towards the development of these markets. Where the growth rate for metro cities stands at 21 per cent, the rate of growth of the middle and small towns is a whopping 79 per cent, which proves that these cities have more scope for development.

The New India Summit aims to address how the tier-II, III and IV markets need better infrastructure, provision of smooth traffic flows, construction of low-cost housing for the middle and low income categories by adopting superior construction techniques, advanced business processes for the efficient sale of houses and flats and well-planned utilisation of available financial resources.

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