The National Real Estate Development Council (NAREDCO) has launched its Delhi chapter to uplift and revitalize the city's real estate sector, which has faced development challenges due to various restrictions. The chapter aims to foster collaborations among stakeholders, promote transparency in building affordable housing through land pooling, and advance strategic infrastructure development. With existing chapters in several states, the addition of the Delhi chapter signifies a commitment to unlocking the city's growth potential and bringing positive transformations to its real estate landscape.
The National Real Estate Development Council (NAREDCO) serves as the apex national body representing the real estate sector in India. Its recent launch of the Delhi chapter aims to uplift the capital city's real estate sector, which has faced development challenges due to various restrictions. With the focus on revitalizing and redeveloping untapped real estate areas in Delhi, the chapter aims to foster collaborations among multiple stakeholders, ensuring transparency in building affordable housing through land pooling and strategic infrastructure development.
NAREDCO already has chapters in several states across India, including Maharashtra, Telangana, Karnataka, Odisha, Madhya Pradesh, Uttar Pradesh, Gujarat, Andhra Pradesh, Jammu and Kashmir, and Rajasthan. The addition of the Delhi chapter signifies a commitment to taking the real estate sector to new heights, prioritizing affordable housing schemes through land pooling and advancing the city's infrastructure and commercial estates. This approach will not only rejuvenate the real estate industry in Delhi but also unlock its immense growth potential, requiring careful consideration and transparency while collaborating with local bodies to overcome challenges.
Mr. Harsh Vardhan, the newly elected President of the Delhi Chapter, envisions the chapter as a driving force behind positive transformations in the city's real estate landscape, benefiting all stakeholders involved. By fostering collaboration between the government, real estate industry, and stakeholders, the chapter aims to promote sustainable growth in Delhi's real estate sector. Bridging gaps and advocating for policy reforms with transparent business practices will be key to its success. The chapter's efforts will bring Delhi on par with other progressive states, contributing to the overall progress and prosperity of the city. Ultimately, the Delhi chapter seeks to give the city a new face, particularly in habitats where growth and redevelopment have proven challenging in the past, with plans to launch subsequent chapters in other regions, starting with Uttarakhand.
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