For the first time, a real estate developer and builder from Hubballi Pradeep Raikar has been elected as the State president of CREDAI (Confederation of Real Estate Developers Associations of India) and he will be sworn in as the new president in the installation ceremony to be held in Hubballi on Saturday.
Addressing presspersons in Hubballi on Thursday, chairman of CREDAI Hubballi-Dharwad Suresh Shejwadkar and president Sajeed Farash said that for the first time a builder from North Karnataka, a non-Bengalurean, has been elected to the State president’s post and it has provided a great opportunity for addressing the issues related to tier-2 and tier-3 cities in the State.
Mr. Shejwadkar said that real estate development is providing the highest revenue to the State government and CREDAI is not only bringing revenue to the government but also safeguarding the interests of both the builders and the investors, especially the commoners.