On PM's appeal to curtail non-essential foreign travel, CREDAI moves NATCON 2026 to India
New Delhi, May 14
In line with Prime Minister Narendra Modi's appeal to reduce non-essential foreign travel and prioritise domestic economic activity, the Confederation of Real Estate Developers' Associations of India has shifted its flagship convention NATCON 2026 from Amsterdam to India.
The decision comes amid the evolving geopolitical situation in West Asia, with the Prime Minister urging industries and citizens to conserve fuel and foreign exchange while encouraging spending within the country.CREDAI said NATCON 2026 will now be hosted in India, with the revised venue and programme details to be announced shortly. The annual convention typically attracts over 1,000 developers, investors, policymakers, architects, consultants, and key stakeholders from the real estate sector.
According to the association, the move is intended to ensure that the economic and tourism-related benefits generated by the event support domestic sectors such as hospitality and allied industries.Commenting on the development, CREDAI President Shekhar Patel said the organisation had taken into account the Prime Minister's appeal as well as the prevailing national sentiment."At a time when the Hon'ble Prime Minister has called upon citizens and industries to act responsibly and prioritise national interest amid the evolving geopolitical situation, CREDAI believes it is important for the real estate sector... to demonstrate collective responsibility," he said.Patel added that although preparations for the Amsterdam event had been underway for several months, the plans were revised in view of the Prime Minister's appeal and the current circumstances.He further noted that the real estate sector is already dealing with challenges including rising construction costs and labour shortages.
CREDAI said the decision reflects a broader commitment to supporting domestic economic activity and aligning industry events with national priorities.
— ANI
Reader Comments
Good move but let's be honest - the real estate sector has bigger issues to tackle like rising construction costs and labour shortages. Shifting a conference is symbolic at best. Hope they focus on ground realities too.
As someone who works in international collaborations, I see both sides. While supporting domestic economy is important, these conferences also help build global partnerships. Hope they maintain international participation even in India.
This is exactly the kind of 'vocal for local' spirit we need! Every rupee spent in India stays in India and creates jobs. Our hotel industry will welcome this move with open arms. Kudos to CREDAI for leading by example!
I appreciate the gesture but wonder if this was truly voluntary or pressure from above. Real estate developers are known for cutting corners - hope they don't use this as a PR stunt while continuing other practices. Still, a step in right direction.
Smart decision given the geopolitical situation in West Asia. But I hope they save some of that forex for genuine international collaborations that can't be replicated locally. Balance is key.
Great initiative! Now if only other industries would follow suit. We have amazing venues in Delhi, Mumbai, Hyderabad and Bengaluru that can host any
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