PBAP is now CREDAI Pune

Explaining the move to be part of CREDAI,Satish Magar,president of CREDAI Pune said “we felt that our interests would be better served as part of the national body. When PBAP was formed,there was no national body that represented the interests of our industry. However,over time members of PBAP took the initiative and participated in the creation of CREDAI. The industry has issues that require representation and action on a national,state and local level. CREDAI,at the all India level,caters to the national level issues faced by the industry. CREDAI Maharashtra (the state level association) takes care of the state level issues while CREDAI Pune will deal with the local level aspects. This structure replicates the way the issues faced by the industry are managed.”

As CREDAI Pune,the association of 270 members will now be able to take up Pune’s issues on the national platform. The exhibition,The Best of West,organised by the association at Hotel Orchid,Balewadi was inaugurated on Friday by Magar. It has over 5,000 apartments being showcased by 45 builders. Best of West covers projects in Baner,Aundh,Balewadi,Pashan,Wakad,Pimple Saudagar,Rahatni,Pimpale Nilakh,Hinjewadi,Talegaon etc.

In the first day itself Best of West had over 1,600 visitors and several builders reported several site visits by prospective buyers. As Magar put it,“Pune is seeing a resurgence in demand in the real estate sector as interest rates have rationalised giving greater impetus to the latent demand by real home buyers.” The exhibition is on till April 26.