Embarks on ‘Mission transparency’ in realty
MUMBAI, March 10, 2011: Civil engineer-turned multi-project developer Mr Lalitkumar Jain, nicknamed as the “Green man of Pune” for his eco-friendly nature, who has been elected as the President of Confederation of Real Estate Developers’ Associations (CREDAI) has vowed to take up the issue of transparency in real estate deals.
Mr Jain, commenting on his plans for CREDAI, said the developer community as such has been facing several problems relating to transparency in transactions.
“We at CREDAI have planned to tackle with this problem head-on and ensure customer delight in our transactions. We are also keen to ensure that the customer relationship management gets a new meaning in real estate, for real,” he said.
Mr Jain, Chairman and Managing Director of Kumar Urban Development Limited (KUL) was earlier the Vice President of CREDAI (West) and his election as the national President marks a new high in his nearly 3-decade long experience as a developer.
A people’s man that he is, Mr Jain took active part in organizing the developer community. In fact, he was the youngest Secretary and President of the Promoters Builders Association of Poona (PBAP). He, along with Mr JiendraThakkar, has also played a stellar role in creating and developing the Federation of Promoters Builders Associations of Maharashtra.
Mr Jain has been associated with CREDAI right from its inception. As the first convener of CREDAI national convention in Vigyan Bhawan he is also credited for mobilizing the largest number of developers on one platform. He has been the Vice President of CREDAI twice and has significantly contributed to the organsiation’s activities and representations on policy and legal issues.
He started his career at the age of 17 years as a supervisor in a Pune company and contributed to the firm making handsome profits. Restless to perform, Lalitkumar joined his father Late Shri Kesarimalji Kamdar‘s business Kumar &Co and mastered legal knowledge and the government policies.
With his Company Motto – “We Build Trust” – he practices what he preaches. Small wonder his business grew manifold and Kumar Builders quickly became synonymous with quality real estate of Pune. In 1999, his family saw partition and Lallitkumar started with development of 35,000 sq ft and within five years he delivered 1.4 million sq ft.
He has carved a niche for himself in Pune construction with more than 100 projects and 14,000 tenements, setting a new benchmark in trustworthiness. Apart from residential complexes, he developed IT Buildings, Retail Malls, IT Park and gated communities.
Kumar Builders has recently been rechristened as Kumar Urban development Limited to give it a new identity to change with the changing times. KUL has so far developed 70 million sq ft with 9million sq ft of city centre projects, with focus on Pune and Mumbai.
Bangaluru, Hyederabad and Nagpur are on KUL’s radar for the near future. Its current projects range from redevelopment projects to SEZ.
KUL can also be credited for being the largest single contributor to the City’s greenery drive. Each year, KUL donates about 10,000 saplings to the civic bodies, besides developing public gardens. The environment park called “Nakshtra Udyan” stands testimony to the fact that greenery is a way of life at KUL.
Presenting environment friendly projects, KUL is one of the first developers to have received the coveted ISO 14001 certification under 2004 guidelines, globally
The company, under Mr Jain’s leadership, has been hounoured with the National Shrusti Award for contribution to environment as it was the first developer company to adhere to PMC’s environment norms. It has also won “CNBC CREDAI AWARD” for Best Commercial Building Systems, City Scapes’ “Future City Award”, “Amacus” Best Developer Award, “Best Regional Developer Award” by Realty Plus. KUL is rated as one of the top 10 developers of INDIA by Construction World Magazine in 2009.A meritorious student right from his 1st Standard, Mr Jain has shown keen interest in education and sports. For well over decade, he has been running a unique project called “Adarsha Vidya Mandir Yojana” designed to ensure an overall growth of students by adopting schools especially in backward rural areas around Pune.
Now, he is all set to major role at the national level taking up passionately the cause of developers and their stake holders – the customers.