What is NAREDCO
Aims and Objectives
STRUCTURE OF NAREDCO

What is NAREDCO
National Real Estate Development Council (NAREDCO) was established in the year 1998 under the aegis of Union Ministry of Housing & Urban Poverty Alleviation (previously Ministry of Urban Employment & Poverty Alleviation), GoI for the development & promotion of housing & real estate sector in India.

As the nodal agency for housing & real estate sector in India, NAREDCO’s activity ranges from legislative, legal and regulatory issues to commercial issues in the sector.


Aims & Objectives :

NAREDCO functions as Development & Promotion Council for housing & real estate sector in India. Its main objectives are:


I-   To develop and promote Housing & Real Estate Sector.

II-  To identify and strengthen industry's role in the economic development.

III- To participate in National Policy Formulations for real estate development and fiscal reforms.

IV- To evolve criteria of real estate and construction industry and its various allied operations, to formulate a code of Ethics for observance by all real estate developers, builders and marketing operators and to evolve a suitable ombudsman mechanism for investigating departures therefrom.

V- Rating of developers and their projects through CRISIL/ ICRA supported by NAREDCO-NHB (National Housing Bank) rating mechanism.

VI- To set up a National Institute of Real Estate Development (NIRED) as a center for studies, research, training and certification.

VII-.Promotion and encouragement of co-operation among all enterprises dealing with and engaged in various aspects of real estate development.

VIII- To create awareness and support industry's efforts on quality, environment and consumer protection.

XI-   To promote excellence and high standards of operations based on just and equitable principles in transactions relating to various operations of real estate business including building, construction and marketing.

XII-  To organize meetings, symposia, workshops, seminars and conferences for professional development of the industry and for creating consumer awareness.

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STRUCTURE OF NAREDCO

Chief Patron

President

Senior Vice President

Vice President

Member Finance

Director General

Founder Members (All Governing Council Members)

Patron Members

Regular Member

Associate Member

State REDCO Members (All Governing Council Members)

Ordinary Members

Nominated Members (All Governing Council Members - Nominated by Chief Patron)

Honorary Members (All Governing Council Members)

Appointed Member

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  National Realty