16th NAREDCO National Convention to Shape India’s Real Estate Future


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    The National Real Estate Development Council (NAREDCO) is hosting its 16th National Convention on February 2nd and 3rd, 2024, at Hotel Taj Palace, New Delhi. Themed “The Changing Real Estate Landscape,” the convention brings together key stakeholders to explore growth and transformation in India’s real estate sector.

    Focus on Worker Welfare and Industry Expansion:

    • NAREDCO proposes allocating 1% cess towards welfare of real estate workers, aiming to eradicate alcoholism and gutka consumption by 2047.
    • Developers urged to take responsibility for worker well-being using the cess allocation.
    • NAREDCO targets expanding its presence to 25 states by 2025.

    Convention to Address Key Issues:

    • Discussions on government support, affordable housing, RERA impact, financing, technology integration, and investment opportunities.
    • Dedicated session on India Vision@2047.
    • KPMG is the Knowledge Partner for the convention.

    Industry Leaders Highlight Importance of Collaboration:

    • G Hari Babu, NAREDCO National President, emphasizes collaboration for sustainable, inclusive cities.
    • Dr. Niranjan Hiranandani, NAREDCO Chairman, focuses on liquidity, stressed assets, policy reforms, and net-zero goals.
    • Mr. Rajan Bandelkar, NAREDCO Vice Chairman, underlines real estate’s role as an economic driver and the convention’s role in collaboration.

    Advocacy for Affordable Housing:

    • NAREDCO seeks government’s proactive role in promoting affordable housing.
    • Requests introduction of a home loan interest rate subvention scheme.
    • Demands concessions in construction material prices for affordable housing projects.

    The 16th NAREDCO National Convention promises to be a platform for shaping the future of India’s real estate sector through insightful discussions, collaboration, and advocacy.

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