8/7/2019 Kumar Builders Chairman Lalit kumar Jain heads CREDAI

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KUL(Kumar Builders) President Lalit kumar Jainheads CREDAI

Embarks on Mission transparency in realty

MUMBAI, March 10th, 2011: Civil engineer-turned multi-project developer Mr Lalit kumar Jain,President of KUL(Kumar Urban Development Limited) formerly known as Kumar Buildersnicknamed as the Green man of Pune for his eco-friendly nature, who has been elected as thePresident of Confederation of Real Estate Developers Associations (CREDAI) has vowed totake up the issue of transparency in real estate deals.

Mr Jain, commenting on his plans for CREDAI, said the developer community as such has beenfacing several problems relating to transparency in transactions.

We at CREDAI have planned to tackle with this problem head-on and ensure customer delightin our transactions. We are also keen to ensure that the customer relationship managementgets a new meaning in real estate, for real, he said.

Mr Jain, Chairman and Managing Director of Kumar Builders Urban Development Limited(KUL) was earlier the Vice President of CREDAI (West) and his election as the nationalPresident marks a new high in his nearly 3-decade long experience as a developer.

A peoples man that he is, Mr Jain took active part in organizing the developer community. Infact, he was the youngest Secretary and President of the Promoters Builders Association ofPoona (PBAP). He, along with Mr JiendraThakkar, has also played a stellar role in creating anddeveloping the Federation of Promoters Builders Associations of Maharashtra.

Mr Jain has been associated with CREDAI right from its inception. As the first convener ofCREDAI national convention in Vigyan Bhawan he is also credited for mobilizing the largestnumber of developers on one platform. He has been the Vice President of CREDAI twice andhas significantly contributed to the organsiations activities and representations on policy andlegal issues.

He started his career at the age of 17 years as a supervisor in a Pune company and contributedto the firm making handsome profits. Restless to perform, Lalit kumar joined his father Late ShriKesarimalji Kamdars business Kumar & Co and mastered legal knowledge and the governmentpolicies.

With his Company Motto - We Build Trust - he practices what he preaches. Small wonder hisbusiness grew manifold and Kumar Builders quickly became synonymous with quality realestate of Pune. In 1999, his family saw partition and Lalit kumar Jain started with developmentof 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 14,000tenements, setting a new benchmark in trustworthiness. Apart from residential complexes, hedeveloped IT Buildings, Retail Malls, IT Park and gated communities.

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8/7/2019 Kumar Builders Chairman Lalit kumar Jain heads CREDAI

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Kumar Builders has recently been rechristened as Kumar Urban development Limited to give ita new identity to change with the changing times. KUL has so far developed 70 million sq ft with9million sq ft of city centre projects, with focus on Pune and Mumbai.

Bangaluru, Hyederabad and Nagpur are on KULs radar for the near future. Its current projectsrange from redevelopment projects to SEZ.

KUL can also be credited for being the largest single contributor to the Citys greenery drive.Each year, KUL donates about 10,000 saplings to the civic bodies, besides developing publicgardens. The environment park called Nakshtra Udyan stands testimony to the fact thatgreenery is a way of life at KUL.Presenting environment friendly projects, KUL is one of the first developers to have received thecoveted ISO 14001 certification under 2004 guidelines, globally

The company, under Mr Jains leadership, has been hounoured with the National Shrusti Awardfor contribution to environment as it was the first developer company to adhere to PMCsenvironment norms. It has also won CNBC CREDAI AWARD for Best Commercial Building

Systems, City Scapes Future City Award, Amacus Best Developer Award, Best RegionalDeveloper Award by Realty Plus. KUL is rated as one of the top 10 developers of INDIA byConstruction World Magazine in 2009.

A meritorious student right from his 1st Standard, Mr Jain has shown keen interest in educationand sports. For well over decade, he has been running a unique project called Adarsha VidyaMandir Yojana designed to ensure an overall growth of students by adopting schools especiallyin backward rural areas around Pune.

Now, he is all set to major role at the national level taking up passionately the cause ofdevelopers and their stake holders the customers.

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