All You Need To Know About NAREDCO (National Real Estate Development Council)

All You Need To Know About NAREDCO (National Real Estate Development Council)

TheNationalRealEstateDevelopmentCouncil,oftenknownasNAREDCO,was foundedin1998bytheIndiangovernment'sMinistryofHousingandUrbanAffairs. Now,NAREDCOisthenation'stoptradegroupfortherealestatebusiness.This groupwascreatedwiththeintentionofbringinghonestyandjusticetothehousing sectorandgivingeveryoneinterestedinrealestateaforumtodiscusspossibilities anddifficulties.Theycancooperatetoidentifyfixesforanyissuesthatdevelopin theindustry.

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NAREDCO'saimistoimprovetherealestateindustry'sbuilding,construction,& marketingstandards.Itaidsintheformulationofgovernmentalfiscalpoliciesand servesasaspurtotheexpansionoftheIndianrealestatemarket.National,State,& CityCouncilsareincludedinNAREDCO'sorganizationalframework.

Thecouncilsmakesurethatthesuggestionsforpublicpolicyfullyaccountforthe actualsituationontheground.TheCityCouncilsdealwithlocalandimmediate matters,theStateCouncilswithstate-levelissues,andtheNationalCouncilwith macro-levelissues.

NAREDCO Important Statistics

NAREDCO National Real Estate Development Council

EmailId naredco@naredco.in

OfficialSite http://www.naredco.in

PhoneNumber

+91-11-26191164

+91-11-26100285

Address FirstFloor,8CommunityCentre,Eastof Kailash,NewDelhi-110065

Purposes of NAREDCO

NAREDCO(NationalRealEstateDevelopmentCouncil)collaborateswiththe governmentandtherealestatesectorthroughadvisoryandconsultativeprocesses inordertofostertheexpansionofthesectorinIndia.

 Createanethicscodethatmarketers,builders,anddevelopersmustabideby.

 Increasetheindustry'scurrentstandards.

 Createasystemforanombudsman.

 UsetheNAREDCO-NHBratingsystem,CRISIL/ICRA,andotherratingsystems tokeeptrackofhowdevelopers&theirprojectsarerated.

 CreatetheNationalInstituteofRealEstateDevelopment(NIRED)tooffer instruction,study,certification,andtraining.

 Createadatabaseforthehousingindustry.

 Encourageethicalconductinallrealestatetransactions.

 Engageinthecreationofmonetaryandpolicyimprovementsforthecountry.

 assistinestablishingREDCOsacrossthenation.

 amplifytherealestatesector'scontributiontothecountry'seconomic growth.

 Encouragecollaborationbetweenallbusinesses.

 drivetherealestateindustry'sexpansionanddevelopment.

 Encouragetherealestatesector'seffortstosafeguardcustomers,the environment,andquality.

 Planconferences,meetings,workshops,andseminarstodiscussvarious industry-relatedconcerns.

State-based NAREDCO Chapters

StateRealEstateDevelopmentCouncils(REDCOs),alsoknownasNAREDCOState Chapters,areorganisationsformedbyNAREDCOincollaborationwiththe governmentsofeachstate.TheseclubsareessentiallysmallversionsofNAREDCO orworkinaspecificareaofthestatetohelpdevelopandenhancehomesand neighbourhoods.

TheorganisationanditsStateChapterswanttoinspirethosewhoconstructhomes andotherstructurestodosoinanethicalandjustmanner.Builderswhoconstruct homesorneighbourhoodscanoccasionallyactunfairly,thusNAREDCOaswellasits StateChaptersseektopreventit.Thegroupanditsstatechapters,whichinclude bothgovernmentofficialsandthosewhoconstructhomesandbuildings,areableto quicklyfindsolutionstoissues.

SeveralstateREDCOsinnumerousstatescontributetotheimprovementof neighbourhoodsandhomesthroughtheiractivities.Thesearethestates:

 Haryana

 UttarPradesh

 Maharashtra

 Telangana

 Karnataka

 Gujarat

 AndhraPradesh

 Orissa

 MadhyaPradesh

 Rajasthan

How to Become a Member of NAREDCO

Youmustcompletetheapplicationform&attachtheCodeofEthicspaperinorder tojointheorganisation.Youmustalsosendtherequisitepayment,whichshouldbe madeintheformofabankdraughtoracheck,totheDirectorGeneralofNAREDCO atthespecifiedaddressinadditiontoyoursubmission.

Regulations for NAREDCO Membership and Eligibility

Itsmembershipisopentoallrealestatefirmsaswellasthoseengagedinrelated fieldslikelanddevelopment,residential&commercialbuilding,township development,realestatefinancing&marketing,architecture,theproductionand distributionofbuildingmaterials,finance,andinsurance.Thefollowinglistof membershipcategoriesisavailable:

Founding Members: BusinessesthatcontributeaminimumofRs.10,00,000tothe foundingofNAREDCOandpayaRs.1,000,000yearlymembershipfees.

Patron Members: OrganizationsthatdonateaninitialsumofRs.7,50,000toform NAREDCOandpayaRs.80,000annualmembershipfees.

Regular Members: OrganizationswitharevenueofuptoRs.100crorethatmakea Rs.2,000,000initialcontributiontoformNAREDCOandpayaRs.40,000yearly membershipfees.BusinessesthatdonateaninitialsumofRs.3,00,000tothe creationofNAREDCOandpayanannualmembershipfeeofRs.60,000arethose havingannualsalesofmorethanRs.100crores.

Associate Members: Organizationsengagedintheproduction&supplyofbuilding materials,plumbing,architecture,electricalwork,andairconditioning,amongother ancillaryactivitiesrelatedtorealestatedevelopment,areeligibletojoinNAREDCO asAssociateMembersforaninitialcontributionofRs.1,000,000andanannual membershipfeeofRs.25,000.

State Members: Organizationsthatoperateinvariousfacetsofrealestate developmentatthestatelevel,suchasState-REDCOsandNAREDCObranches,may becomeStateMembersbymakinganinitialcontributionofRs.1,000,000tothe developmentofNAREDCO&payinganannualmembershipfeeofRs.20,000. ContactthecoordinatorsoftheappropriatestateoncethestateREDCOor NAREDCOStatechapterhasbeenestablishedifyouwanttojoin.

Advantages of Membership in NAREDCO

 numerouspossibilities,includingdirectaccesstodecision-makers

 Networkingwithsignificantfirmsintherealestatemarket.

 Maintainingtightrelationswiththegovernmentwillenablecollaborationon theformulationofeconomicandindustrialpolicies.

 Aforumtoengagewithothermembers,institutions,aswellasstate&central governments.

 theabilitytotakepartinrelevantconferences,meetings,trainingsessions, andseminars.

 theopportunitytotakepartinconferences,seminars,trainingsessions,and othereventscoveringarangeofthemes.

 accesstorelevantdataonthenational&statelevelsoftherealestate business.

 touchwithgovernmentaladministrators&officialsonaregularbasis.

 thechancetoinfluencethecreationofnationalpolicies&objectives.

Conclusion: NAREDCO (National Real Estate Development Council)

Byassemblingprofessionalstoassurethepromptandeffectivecompletionof projects,NAREDCO(NationalRealEstateDevelopmentCouncil)hasplayedacrucial roleinrevolutionizingIndia'srealestatedevelopmentindustry.Theyhavestarteda numberofinitiatives,suchasworkshopsonsustainabledevelopment,developer training,andfundingforinvestorsanddevelopers.Inordertoencouragetheuseof sustainablematerials&technologiesinprojects,ithasalsohelpedtodesign legislationandregulations.

NAREDCOIndiahascontributedtotheexpansionandtransformationofthereal estatedevelopmentindustryinIndiabyadvancingsustainabledevelopment, generatingemployment,andfosteringeconomicprogress.

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