Mumbai, Aug 16 (IANS) Aiming to promote excellence and bring in global standards in the real estate arena, the sector's apex body Confederation of Real Estate Developers' Associations of India (CREDAI) has announced two major projects -- an institute for research and 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, Gujarat, an official said.
"Jaxay Shah, the vice president of CREDAI and director of Savvy Infrastructures Ltd has donated land for the institute," said CREDAI National President Lalit Kumar Jain, announcing the projects.
Jain, who heads Kumar Urban development Limited (KUL) has also committed Rs.1 crore for construction and infrastructure of the institute's building. Several other leading developers have also expressed their support.
"The CREDAI institute, aiming at imparting world class education and research in real estate related subjects, will be functional from June 2014. It will have tie-ups and affiliations with top international institutes having expertise in real estate," Jain said.
CREDAI also announced the launch of an Educational Scholarship Scheme (ESS) for promoting higher education by offering scholarships to deserving students who want to pursue full-time degree/post-graduate degree courses in civil engineering or management degrees related to the real estate sector at any of the colleges or institutes recognised by the All India Council of Technical Education (AICTE).
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.
CREDAI is the apex body for private real estate developers in India, representing over 8,800 developers through 20 states and 104 city chapters across the country.
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