Great Journey of Lalit Kumar Jain
Lalit Kumar Jain’s Achievement
The Confederation of Real Estate Developers Association of India or CREDAI is the pinnacle body of all enrolled real estate builders and engineers in India. It was set up in 1999 and as of 2017, it has 11940 members and has 23 state-level chapters and 177 city level chapters.
It has called upon the centre to bring about reforms to revive the crisis-ridden real estate sector in the country and rejuvenate the economy.
KUL Kumar Builders Chairman and M.D Lalit Kumar Jain, Chairman of KUL are the elected Chairman of Confederation of Real Estate Developers Association of India or CREDAI, which pledged to take up the issue of straightforwardness in real estate deals.
Mr Jain plans for CREDAI said the developer community as such has been facing several problems relating to transparency in transactions. Mr Lalit Kumar Jain added “We at CREDAI have planned to tackle with this problem head-on and ensure customer delight in our transactions. We are also keen to ensure that customer relationship management gets a new meaning in real estate.”
Lalit Kumar Jain has been associated with CREDAI right from its inception. As the first convener of CREDAI national convention in Vigyan Bhawan, he is also credited for mobilizing the largest number of the developer on one platform. He has been the Vice President of CREDAI twice and has significantly contributed to the organization’s activities and representations on policy and legal issues.
Lalit Kumar Jain, CREDI Chairman and CMD of Kumar Urban Development, has called for political will to bring about real estate reforms.
“While CREDI suggestions for reforms have been accepted, we do not see any action. Smart Cities require Smart Policies,” he said.
“The continuous fall in fuel prices is not translating into price reduction of inputs like cement, steel and even transport.
The Government needs to regulate steel and cement prices just as the power regulators monitor tariff,” he said in a statement outlining CREDI’s expectations for next year.
“In spite of the slowdown in consumption, we saw a huge rise in cement and steel prices. The domestic construction industry has been jostling with a steep and steady rise in prices of cement, steel rods, bricks and other input material, which have risen by over 30 per cent in the last three years.
The input cost on account of labor in the construction industry has increased. Besides rising prices, high lending rate by banks has hit the realty sector severely,” Jain said.
For a long time, RBI has been giving a raw deal to the real estate industry despite the fact that it contributes significantly to the country’s GDP, apart from being labour and capital intensive, he said.
He called for Government intervention to facilitate low-cost funding for home buyers as well as developers.
Lalit Kumar Jain holds Partnerships at Kumar Builders Conso, Kumar Sons, Kruti Family Trust, Kumar Builders Mumbai, Techno Lifestyle Development Corporation, Avi Constructions and Kumar Developer. Mr Lalit Kumar Jain has been related to CREDAI ideal from its beginning.
Lalit Kumar Jain is the winner of Man of the Year in the year 2008 by Accommodation Times, Rashtriya Udyog Samman Puraskar for individual achievements in economic development in 2006, Pune Ratna Award for contribution in the social and business field.
His uncommon thinking power and Skill to build trust in the people has helped Kumar Builders KUL to be one of the most renowned, trusted and Best Builders in Pune.
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