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              New Delhi, February 26, 2009: Lalit Kumar Jain, Vice President, CREDAI (Confederation of Real Estate Developers' Associations of India) and Chairman & Managing Director, Kumar Builders has been honoured with 'Man of the Year' Award by Accommodation Times. The award was presented to him at a glittering ceremony of the 23rd Annual Awards function of Accommodation Times in Mumbai on February 24, 2009. The award was conferred upon him for his tireless and visionary efforts for the improvement and change for excellence brought about in various fields of real estate in 2008.
The award was presented to him by Hormusji N. Cama, President, Indian Newspapers Society & Chairman, Mumbai Samachar and Murari Chaturvedi, Editor, Accommodation Times, in the presence of Chief Guest of the evening Dr. Jayraj Pathak, Municipal Commissioner, Mumbai, and guest speaker, Niranjan Hiranandani.
Accepting the award humbly, Mr. Jain thanked the jury and the organizers, and dedicated the award to three teachers in his life – his father, mother and vipaasana guru, Shri Goenkaji.
On being felicitated, Mr. Jain said, "When I think of social housing, a miracle is in the making, under the able leadership of Ratnakar Gaikwad in the Mumbai region. The next buzzword is 'affordable housing' - however it is pertinent to note that 33 to 36% of total sale value is going by way of various taxes. A combination of proactive rules, taxation and funding policy can make 'affordable housing' possible, which is the need of the citizens and the need of the country to kick start the economy".