Present Activities
Rating of developers and their projectsAimed at enhancing
consumer confidence in various housing & real estate projects,
NAREDCO with the help of leading rating agencies promotes rating of
developers and their projects on various parameters including title
of property, financial resources, track record of timely completion
of project, quality control, pricing mechanism, deliverance etc.
Education & TrainingAimed at creating a responsive real estate
property environment, NAREDCO has started a three weeks certificate
course for Real Estate Agents, Sales Personnel, Commercial and
Customer Care Executives, Direct Sales Agents and Home Loan Agents,
which is being run in association with Human Settlement Management
Institute (HSMI) of Housing & Urban Development Corporation Ltd. (HUDCO)
and Guru Gobind Singh Indraprastha University (GGSIPU), Govt. of NCT
of Delhi. Detail syllabus and calendar are available with NAREDCO
secretariat.
Seminar & ExpositionNAREDCO’s Annual National Convention has
established itself as the major interface between all sections of
government, academia, society and industry. It is here that policy
and opinion makers come together on a common platform to discuss and
brainstorm on issues relevant to sustained development and its
equitable distribution. Workshops on various topics related to
Housing and Real Estate sector are also being planned from time to
time.
Real Estate policy formulationNAREDCO participates in various
committees and task forces to formulate real estate policies for
proper reform in the sector.
Formation of State Chapters of NAREDCOState Real Estate Development Councils (State REDCOs) or branches of NAREDCO in States (NAREDCO – State) are NAREDCO’S State chapters. Some State chapters have been formed and efforts are on to form them in remaining states.
Publication of National RealtyNational Reality, presently
published every quarter, is the official journal of the National
Real Estate Development Council, which reports on industry best
practices, trends and tools of the trade.
Pursuing Real Estate Reforms with Central and State Governments,
such as:
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Repeal of Urban Land Ceiling & Regulation Act-1976 (ULCRA) by all
state governments.
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Reform of Rent Control Laws to remove rent control so as to
stimulate private investment in rental housing.
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Rationalization of Stamp Duty, to be brought down to 2-3 percent
successively.
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Computerization of land and property records.
- Single window mechanism for project clearances and removal of bureaucratic hurdles in planning, financing and execution of projects.
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Private-Public participation.
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Relaxation in FDI norms to make it more attractive
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Encouragement of Pension, Insurance and Provident Funds investment
in real estate sector.
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Establishing REITs/REMFs for encouraging real estate development.
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Easy loans for construction & development activities.
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Incentives to developers and financiers under different sections
of income tax to encourage housing and infrastructure development.
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Incentives for rental housing to augment housing stock
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Reforms of property tax to make it a source of revenue for local
urban bodies for better municipal services
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Levy of reasonable user charges by urban local bodies to
compensate full cost of maintenance and operation.
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