NAREDCO Launches Delhi Chapter to Resurrect Capital’s Realty
The National Real Estate Development Council (NAREDCO) has announced the launch of its Delhi chapter, aiming to uplift the real estate sector in the capital city, which has long been deprived of development due to various ceilings and restrictions. NAREDCO, the apex national body representing the real estate sector, has recognized the need for a nodal body to play a crucial role in taking the real estate industry of Delhi to the next level, particularly with the redevelopment of new habitats in the city.
The NAREDCO Delhi Chapter has chosen industry leaders to spearhead the revival of the real estate sector. Harshvardhan Bansal, Director Unity Group, assumes the role of President, with PK Gupta, CMD of NBCC as Chairman, Vineet Kanwar Group Executive Director, DLF as Vice Chairman, and Gaurav Jain, MD, Samyak as President Elect. Together, they will prioritize transparency, advocating policy reforms, and unlocking the untapped potential of Delhi’s real estate market.
Rajan Bandelkar, National President, NAREDCO describes the launch of NAREDCO’s Delhi chapter as a significant step towards bridging the gaps in the real estate sector of the city, particularly as numerous ceilings and restrictions have hindered its development. With this chapter, NAREDCO aims to create a platform for collaboration and dialogue, fostering transparent business practices, and addressing the concerns of multiple stakeholders. The major focus according to Bandelkar, will be to prioritize the implementation of schemes, with a particular emphasis on affordable housing, through the establishment of a land pooling policy which is long pending. This policy, in conjunction with a strategic master plan, will be instrumental to drive the development of real estate infrastructure and commercial sectors in the capital. The Delhi chapter of NAREDCO will provide an opportunity to bring Delhi on par with other states where real estate and commercial growth is flourishing.
Parveen Jain, Chairman, NAREDCO says that despite the existing limitations, Delhi holds immense potential for growth and redevelopment and the newly launched Delhi chapter of NAREDCO will prove to be an important milestone in revitalizing real estate in the capital city. Through this chapter, NAREDCO will work closely with local governing bodies and real estate players to overcome hurdles, promote best business practices and unlock the true potential of Delhi’s real estate market.
NAREDCO currently has state chapters in Maharashtra, Telangana, Karnataka, Odisha, Madhya Pradesh, Uttar Pradesh, Gujarat, Andhra Pradesh, Jammu & Kashmir and Rajasthan. After the successful launch of the Delhi chapter, NAREDCO is also working towards establishing a chapter in Uttarakhand.
The Delhi chapter of NAREDCO, according to Harsh Vardhan Bansal, the newly elected President, will play a crucial role in bringing about positive changes in the real estate landscape of the city. By collaborating closely with the government, industry experts, and other stakeholders, NAREDCO Delhi aims to create an enabling environment to promote sustainable growth and attract investment in the real estate sector, Gaurav Jain, President Elect of Delhi Chapter of NAREDCO strongly believes that it will facilitate the much-needed redevelopment and rejuvenation of the city’s real estate sector by leveraging the extensive network and experise of NAREDCO.