Confederation of Real Estate Developers Association of India (CREDAI) signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) and the Quality Council of India (QCI) to establish a collaborative framework for skill training, capacity building, and worker certification in the construction and real estate sector.

The MoU was signed at the occasion of CREDAI’s change of guard ceremony which witnessed Shekhar G Patel becoming the new president of CREDAI for the term 2025-27.

Under the partnership, all parties pledge to enhance workforce development in the real estate sector through a structured focus on skill development, capacity building, and sustainable employment. The collaboration aims to deliver industry-aligned training programs with quality assurance through certification, support Recognition of Prior Learning (RPL) to validate existing skills, and drive workforce integration by promoting job placements and modern construction practices including green building techniques.

In his inaugural address, Shekhar G Patel also laid out a 5-point agenda, integrating CREDAI and all its chapters in a unified mission for Viksit Bharat that emphasizes large-scale skilling of workers, fostering data-driven decision-making through a dedicated analytics centre in collaboration with central and state governments, leading impactful reforestation efforts starting with the Western Ghats, redefining affordable housing with practical policy alignment, and improving ease of doing business by streamlining approvals and reducing costs. Together, these initiatives aim to build a stronger, more sustainable, and inclusive real estate ecosystem aligned with India's long-term growth goals.

During the ceremony, CREDAI launched a comprehensive industry report in collaboration with Colliers titled ‘Sustainability in Real Estate: Towards a Greener Skyline’ that provides critical insights into the future of green real estate in India. The report highlights India’s path to green growth and development and a shift towards net-zero buildings.