CREDAI has signed an 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 CREDAI’s change of guard ceremony that saw 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.
According to a statement, “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”.
The President of CREDAI, Shekhar G Patel said “Empowering the workforce with industry-relevant skills is paramount to enhancing productivity, improving quality and maintaining global standards. Through our collaboration with NSDC and QCI, we aim to create a robust ecosystem for talent development, ensuring that India’s real estate sector remains competitive and future-ready.”
During the ceremony, CREDAI also 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 a shift towards net-zero buildings. According to the report, 66% of India’s Grade A office stock is now green certified with cities like Hyderabad leading at 75% penetration. The industrial and logistics sector is also embracing sustainability.
“The real estate sector stands at the forefront of India’s sustainability journey. This report reinforces the critical role our industry plays in shaping low-carbon, resilient urban landscapes. By fostering innovation, encouraging adoption of green certifications, and promoting environmentally responsible construction, we are paving the way for a future where growth and sustainability go hand in hand”, said Patel.
“For over 25 years, CREDAI has been the cornerstone of India’s real estate evolution advocating industry reforms, fostering transparency, and setting new benchmarks in quality and sustainable development. As we move forward, our focus will be on reinforcing CREDAI’s role as a catalyst for innovation and responsible urbanization while upholding the interests of developers and homebuyers alike.” said Boman Irani, Chairman, CREDAI.
