The National Real Estate Development Council (NAREDCO) has recently announced the formation of its Delhi chapter. Harshvardhan Bansal, who is the Director of Unity Group, has been appointed as the president of the NAREDCO Delhi Chapter. It is a prominent national organization that represents the real estate sector and operates under the Ministry of Housing and Urban Affairs.
Other Appointments
NAREDCO, the National Real Estate Development Council, has made key appointments for its Delhi chapter. PK Gupta, the current CMD of NBCC, has been appointed as the Chairman, while Vineet Kanwar, the Group Executive Director of DLF, is now the Vice Chairman. Gaurav Jain, the CEO of India Infracorp Bahrain, has been selected as the President Elect.The aim of the NAREDCO Delhi chapter is to create a conducive environment in the real estate sector, promoting sustainable growth and encouraging investment. The chapter plans to achieve this by forging close partnerships with the government, industry professionals, and other key stakeholders.
About National Real Estate Development Council
NAREDCO, or the National Real Estate Development Council, is a self-regulatory body for the real estate industry in India. It was established in 1998 under the aegis of the Ministry of Housing and Urban Affairs, Government of India. NAREDCO’s primary objective is to promote and encourage coordination and cooperation among all enterprises dealing with and engaged in various aspects of real estate development.
It has over 150 members across the real estate ecosystem, including those in the government, private, and financial sectors. It also has 10 state chapters spread across the country.
Role
- Organizing meetings between the real estate industry and government officials to work together on the redressal of issues plaguing the country’s real estate sector.
- Conducting research and publishing reports on various aspects of the real estate sector.
- Providing training and capacity building programs for real estate professionals.
- Promoting the use of technology in the real estate sector.
- Advocating for the interests of the real estate industry at the national and international levels.
NAREDCO is a valuable resource for the real estate industry in India. It provides a platform for the industry to come together and address common challenges, and it works to promote the growth and development of the sector.
Key Achievements
- It has played a significant role in the formulation of the National Housing Policy, 2007.
- It has been instrumental in the introduction of the Real Estate (Regulation and Development) Act, 2016.
- It has helped to raise the standards of professional conduct in the real estate sector.
- It has promoted the use of technology in the real estate sector.
- It has advocated for the interests of the real estate industry at the national and international levels.
NAREDCO is a leading voice of the real estate industry in India. It is committed to promoting the growth and development of the sector, and it is working to make housing more affordable and accessible for all Indians.
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FAQs
What is NAREDCO?
What is the difference between NAREDCO and RERA?
NAREDCO’s primary focus is on promoting the growth and development of the real estate industry. It does this by providing training and development programs, conducting research, and advocating for the interests of the industry. RERA, on the other hand, is primarily focused on protecting the interests of homebuyers. It does this by registering real estate projects, regulating the sale of real estate, and resolving disputes between homebuyers and developers.
