What is NAREDCO
 
Aims and Objectives
 
Present Activities
 
Structure
 
Governance
 
Structure of NAREDCO
 

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:

  • Repeal of Urban Land Ceiling & Regulation Act-1976 (ULCRA) by all state governments.
  • Reform of Rent Control Laws to remove rent control so as to stimulate private investment in rental housing.
  • Rationalization of Stamp Duty, to be brought down to 2-3 percent successively.
  • Computerization of land and property records.
  • Single window mechanism for project clearances and removal of bureaucratic hurdles in planning, financing and execution of projects.
  • Private-Public participation.
  • Relaxation in FDI norms to make it more attractive
  • Encouragement of Pension, Insurance and Provident Funds investment in real estate sector.
  • Establishing REITs/REMFs for encouraging real estate development.
  • Easy loans for construction & development activities.
  • Incentives to developers and financiers under different sections of income tax to encourage housing and infrastructure development.
  • Incentives for rental housing to augment housing stock
  • Reforms of property tax to make it a source of revenue for local urban bodies for better municipal services
  • Levy of reasonable user charges by urban local bodies to compensate full cost of maintenance and operation.