The National Real Estate Development Council (NAREDCO) was established in 1998 as an autonomous self-regulatory national body under the patronage of the Ministry of Housing and Urban Affairs, Government of India. Shri Ram Jethmalani, the then Hon’ble Union Minister of Urban Affairs and Employment, played a pivotal role in its establishment. Shri Manohar Lal Khattar, Hon’ble Union Minister for Housing and Urban Affairs, Govt. of India, serves as the Chief Patron of NAREDCO, with Shri G Hari Babu as President, Dr. Niranjan Hiranandani as Chairman and Shri Rajan Bandelkar as Vice Chairman. NAREDCO aims to uplift and streamline the Indian realty sector, providing a legitimate platform for the government, real estate industry, and general public to address concerns and find effective solutions. The organization aims to raise the standards of operations related to building, construction, and marketing in the real estate sector, while participating in the formulation of national policies for fiscal reforms and boosting economic development by acting as a catalyst in the Indian real estate industry.
NAREDCO’s structure comprises National, State, and City Councils, ensuring that the policy recommendations by NAREDCO are a true reflection of ground realities and capture the geographical spread. Currently, NAREDCO has over 10000+ members pan India with its State NAREDCO chapters.
NAREDCO intends to step up its efforts to bring about transformational changes in the real estate sector, by addressing the challenges faced by the industry, promoting financial stability, and strengthening skilling initiatives. NAREDCO has also launched NAREDCO Nextgen and NAREDCO Mahi to provide a platform for young budding real estate professionals and women entrepreneurs to share, network, and learn about the emerging trends in the field of innovation, sustainability, and inclusivity. It has also formed a NAREDCO Finance Committee to address financial challenges being faced by the real estate industry. NAREDCO has also started National Institute of Real Estate Development (NIRED), a unique initiative to provide training and skill development opportunities to the real estate workforce, and act as a research station on real estate matters.
NAREDCO has been instrumental in fostering growth and development in the Indian real estate sector by organizing various events aimed at promoting excellence and maintaining high standards. Its efforts have significantly contributed to the overall progress of the industry. NAREDCO is committed to implement the Govt. initiated programmes and policies and is committed towards India achieving the 05 trillion USD economy by 2025.