The National Real Estate Development Council (NAREDCO) was founded in 1998 as a national body under the patronage of the Ministry of Housing and Urban Affairs, Government of India. Shri Ram Jethmalani, who was then the Hon’ble Union Minister of Urban Affairs and Employment, played a key role in its establishment.

Since its inception, the Hon’ble Union Minister for Housing and Urban Affairs, Government of India, has served as the ex-officio Chief Patron of NAREDCO. The current Chief Patron is Shri Manohar Lal and Six Govt. officers i.e Additional Secretaries and Joint Secretaries from Central Govt. and CMDs of Central PSUs, are on the Governing Council of NAREDCO.

Led by Shri Hari Babu as President, Dr. Niranjan Hiranandani as Chairman and Shri Rajan Bandelkar as Vice Chairman, NAREDCO strives to elevate and streamline the Indian real estate sector. It provides a credible platform for the government, real estate industry, and the public to address issues and find effective solutions. NAREDCO is dedicated to raising operational standards in building, construction, and real estate marketing while actively participating in shaping national policies for fiscal reforms. By doing so, it plays a catalytic role in fostering economic growth within India’s real estate industry. 

Housing and Urban Development Corporation (HUDCO), National Housing Bank (NHB), National Building Construction Corporation (NBCC), BMTPC, DDA, MP Housing, IRCON International, Tamil Nadu Housing Board, LIC HFL, PNB HFL, HDFC, Yes Bank, State Bank of India, Shriram HFL, Indiabulls HFL, Cement Manufacturers Association besides leading developers like DLF, K Raheja Corp, Mahindra Lifespace, Max Estates, Hiranandani Group, Prestige Estate Project Ltd., K Raheja Construction, Tata Housing, Adani, Godrej, Ekta Housing, Hotcrete Infrastructure, Tulip Infratech, Omaxe, Raheja Developers, Hinduja Realty, etc are the members of NAREDCO. 

NAREDCO’s structure includes National, State, and City Councils, ensuring its policy recommendations genuinely reflect on-the-ground realities across India’s diverse regions. Currently, NAREDCO has over 15,000 members nationwide, with active chapters in various states. NAREDCO has played a pivotal role in advancing India’s real estate sector by organizing events that promote excellence and uphold high standards. Its efforts have greatly contributed to the industry’s overall growth. Aligned with government initiatives and policies, NAREDCO is dedicated to supporting India’ vision of becoming a “Viksit Bharat” by 2047.