The Confederation of Real Estate Developers' Associations of India (CREDAI) has taken a monumental step to encourage the construction and real estate sector's workforce. On April 18, 2025, CREDAI signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC) and the Quality Council of India (QCI). The aim of the collaboration is to create a framework for skill training, capacity building and certification of workers, to enhance the quality and productivity in the sector.
Key Highlights of the MoU
The partnership aims to provide a structured framework for workforce development in the real estate sector, working among other important elements, on skills training, sustainable employment, and capacity building. The key objectives in the partnership's MoU are:
1. Skills Development Programs: Training programs aligned with industry demands will be developed to upskill workers.
2. Capacity Building Projects: These projects will contribute to increasing workers' effectiveness and adaptability to contemporary construction practices.
3. Workers Accreditation: Quality assurance will be provided through accredited skills that improve employability.
4. Recognition of Prior Learning (RPL): Existing skills will be assessed for viability and accreditation, empowering workers with validation and skills that satisfy industry standards.
5. Sustainability: Green building methods and contemporary methodologies will be promoted.
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Vision for Workforce Empowerment
Shekhar G. Patel, CREDAI's newly elected president for the 2025-2027 term, said workfoce development is a key strategy. While speaking, he referred to the drive to develop workforce skills and said:
"Developing workforce skills that are relevant and accountable to industry's standards is pivotal to productivity, quality, and global standards compliance. Using the opportunity of working with NSDC and the QCI and ably defining, developing an ecosystem which is talent-centric, we will ensure that India's Real Estate sector is competitive and future-focused."
This partnership serves CREDAI's commitment to innovation and responsible urbanization. Boman Irani, chairman of CREDAI, added that CREDAI is committed to the interests of developers, as well as homebuyers.
The Role of NSDC and QCI in Real Estate Skill Development
- NSDC's Role: A government-funded organization, NSDC focuses on skills development programs in various sectors. In this partnership, NSDC will take the lead on the design and delivery of training programs specific to the real estate sector.
- QCI's Contribution: QCI will quality assure the training and certification proposed to be developed so that the training and certification meets a global standard. This will increase the credibility of real estate workers in India globally.
Transforming the Real Estate Workforce
This MoU will change the construction workforce in several distinct ways:
- Higher Productivity: Skilled laborers will lead to better project performance, and reduced delays.
- Sustainable Practices: Green building practices will help bring the Indian construction sector in line with international sustainability benchmarks.
- Employment Opportunities: Options for certification and skills development will lead to increased job placements for laborers.
Future Goals
As a partner, CREDAI is taking the role of an innovation introducer in real estate development. CREDAI’s priority is to continue to represent the members while driving innovation through sustainability. Through this partnership CREDAI will continue to ensure that India’s real estate industry is a driver of economic development in the country.
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Conclusion
The MoU signed between CREDAI, NSDC, and QCI signals a watershed moment in the transformation of the construction and real estate workforce in India. By emphasizing skill training, skill certification, and modern construction techniques, this initiative will improve workers in the industry while also improving the international competitiveness of the sector. This partnership is a reflection of CREDAI’s commitment to sustainable development and new ideas in the real estate sector.
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Ans 1. The partnership aims to develop a structured framework for skill training, capacity building, and certification of workers in the real estate sector to enhance productivity, quality, and sustainability.
Ans 2. The partnership focuses on: Implementing skill development programs tailored to industry demands. Launching capacity-building projects for workforce adaptability. Accrediting workers to improve employability. Recognizing and validating prior skills through the Recognition of Prior Learning (RPL) initiative. Promoting sustainable practices in construction.
Ans 3. Workers will gain industry-relevant skills, certification, and accreditation, leading to increased employability, better job opportunities, and higher productivity in their roles.
Ans 4. NSDC will lead the design and delivery of skill development and training programs specific to the real estate and construction sector.
Ans 5. QCI will ensure quality assurance for training and certification programs, ensuring they meet global standards and enhance the credibility of Indian real estate workers.
Ans 6. RPL is a program that assesses and validates the existing skills of workers, providing them with formal certification that meets industry standards.
Ans 7. The initiative includes training on green building methods and sustainable construction techniques, aligning the Indian real estate sector with international sustainability benchmarks.
Ans 8. The collaboration aims to transform the construction workforce by making them more skilled, sustainable, and globally competitive. It also seeks to drive innovation and responsible urbanization in India's real estate sector.
Ans 9. The partnership will improve workforce productivity, ensure timely project completion, reduce construction delays, and enhance the global competitiveness of India's real estate sector.
Ans 10. CREDAI's president, Shekhar G. Patel, emphasized the importance of talent-centric workforce development, while chairman Boman Irani reaffirmed CREDAI's commitment to innovation, sustainability, and serving the interests of developers and homebuyers.