Credai shifts real estate convention from Amsterdam to India to support PM's call for austerity

Realtors' apex body Credai on Wednesday announced shifting the venue of its annual convention from Amsterdam to India, in support of the Prime Minister's appeal to postpone overseas travel and save forex. The 23rd edition of the flagship convention 'NATCON 2026' was scheduled to be held in Amsterdam in August. The annual gathering happens overseas. The Confederation of Real Estate Developers' Associations of India (Credai) said in a statement that it has decided to shift the convention from Amsterdam to India. On Sunday, the Prime Minister emphasised that the Centre is trying to shield people from the adverse impact of the conflict in West Asia and called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy. The decision is a ''strong endorsement of Prime Minister Narendra Modi's recent appeal to prioritise national interest amid the evolving geopolitical situation in West Asia -- including reducing non-essential foreign travel, conserving fuel and foreign exchange, and promoting domestic spending'', Credai said. The association said it will shortly identify and announce the Indian host destination for NATCON 2026. The convention witnesses participation from over 1,000 leading developers, investors, policymakers, architects, consultants, and industry stakeholders from across the country. Last year, it was held in Singapore. Credai President Shekhar Patel stressed that it is important for the real estate industry to align with the Prime Minister's vision and demonstrate collective responsibility during this important time for the nation. Credai, established in 1999, represents more than 13,000 developers across 230 city chapters in 20 states.

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