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Smriti Irani, the Minister of Women and Child Development, on Monday urged the Confederation of Real Estate Developers' Associations of India (CREDAI) to pave the way for fresh female talent in the realm of property development. She expressed her vision during the CREDAI Women and Youth Leadership Summit, emphasizing that affordable housing projects should not sacrifice their construction standards.
Questioning the presence of first-generation women in property development, Irani challenged the newly-elected National President of CREDAI, Boman Irani. "What initiatives is CREDAI undertaking to incorporate more women, specifically first-generation leaders, into the real estate business?" she asked.
The Minister urged Boman Irani to produce 100 new female developers within his tenure from 2023 to 2025, marking that as a sign of his successful term. "Empowering youth, especially young women, to become pioneers in real estate development should be a priority," she added.
In response, Boman Irani, the newly minted President of CREDAI, unfolded the association's growth strategy. With a focus on eco-friendly development, he committed to achieving carbon neutrality for CREDAI by 2050. Further plans include promoting reforms, transparency, women's empowerment, and "Housing for All".
The Women's Wing of the association, he revealed, aims to support 10,000 students from construction worker families in their aspiration to join the industry, focusing on engineering, architecture, and similar fields of study. They also intend to enhance the infrastructure at construction sites for laborers' children, with initiatives in education, childcare facilities, and regular health screenings.
The recent reshuffle in the CREDAI leadership includes the appointment of Rupa Shah, Sarah Jacob, and Sapna Rathi as the Convenor, Secretary, and Joint Secretary of the Women's Wing, respectively. For the Youth Wing, Nithish Reddy, Binitha Dalal, and Nilesh Vora have been designated as the Convenor, Co-convenor, and Secretary. Gaurav Thakkar from Nashik has been appointed as the Chairman for both the Youth and Women's wings.
In conclusion, Smriti Irani's push for more female first-generation real estate developers is a significant call to action for CREDAI. This challenge emphasizes the importance of gender diversity in leadership roles, especially in industries like real estate, where the gender gap remains noticeable. It's now up to CREDAI to align its strategies to foster this much-needed change, marking a new era of inclusion and growth in Indian real estate.
This story was first published by ET Realty
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