The new leadership team would have 19 members on the board of the executive committee including DLF Ltd's group executive director Rajeev Talwar.
"We will focus on changing the perception of the real estate industry," Gaur said.
Gaur said the association would work closely with the various government departments to shape the future of the regions property market.
He welcomed the real estate regulatory bill saying the proposed law would bring transparency in the sector and restrict non-serious players.
However, CREDAI said there are certain concerns of the industry that need to be addressed.
CREDAI national President Getamber Anand said that the association would set up a fund of Rs 25 crore for meeting the education cost of under-privileged students who are bright.
Anand said the Credai would make its internal consumer grievance redressal system more robust and aggressive.
The Confederation of Real Estate Developers' Association of India (CREDAI) has more than 11,500 members across the country.
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