About the National Real Estate Development Council (NAREDCO):

• It was established in 1998 under the Ministry of Housing and Urban Affairs of the Government of India.
• It is the leading industry association for the real estate sector in the country.
• Its primary objective is to provide a legitimate platform for the government, the real estate industry, and the general public to address their concerns and find effective solutions to the challenges faced by the real estate sector.
• NAREDCO’s mission is to improve the real estate industry’s building, construction, and marketing standards.
• It contributes to the development of national fiscal policies and acts as a catalyst for economic growth in the Indian real estate sector.
• All major national developers and public sector organisations in the fields of housing and real estate development, finance, and marketing are members of NAREDCO.
• Structure:
  • The organisational structure of NAREDCO includes National, State, and City Councils. 
  • The councils ensure that the policy recommendations accurately reflect the real conditions on the ground and cover the entire geography.
  • The National Council focuses on macro-level issues, the State Councils address state-level concerns, and the City Councils tackle local and on-ground issues.
  • The Union Minister for Housing and Urban Affairs, Govt. of India, serves as the Chief Patron of NAREDCO.