Aims and Objectives
NAREDCO functions as Development & Promotion Council for housing
& real estate sector in India. Its main objectives are:
||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.
||To evolve criteria of real estate and construction
industry and its various allied operations and 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
||Rating of developers and their projects through CRISIL/
ICRA supported by NAREDCO-NHB rating mechanism.
||Establishment of data bank, which will collect and
circulate information on all matters connected with the real
||To set up a National Institute of Real Estate
Development (NIRED) as a center for studies, research,
training and certification.
||To promote, encourage, facilitate and assist the
establishment of state bodies of NAREDCO in various parts of
the country, REDCOs.
||Promotion and encouragement of co-operation among all
enterprises dealing with and engaged in various aspects of
real estate development.
||Participation in the formulation of national policies
and agenda for real estate development and fiscal reforms.
||To organize meetings, symposia, workshops, seminars and
conferences on issues relating to real estate, building
construction and allied activities.
||To identify and strengthen industry's role in the
economic development of the country
||To act as a catalyst in bringing about the growth and
development of Indian Real Estate Industry
||To create awareness and support industry's efforts on
quality, environment and consumer protection
||To promote cooperation with counterpart organizations