NAREDCO celebrates Silver Jubilee Foundation Day in Hyderabad

Hyderabad: The National Real Estate Development Council (NAREDCO), the apex body of India's real estate sector, celebrated its 25th Silver Jubilee Foundation Day, coinciding with the National Real Estate Conclave 2023. This event took place in Hyderabad on Saturday, and was a gathering of luminaries, policy makers, industry leaders, and experts from across the real estate spectrum.

Having played a pivotal role in shaping India's real estate landscape for a quarter-century, NAREDCO had consistently championed growth, innovation, and collaboration. The Foundation Day celebration was a reflection of NAREDCO's journey, marked by resilience and commitment to excellence, and a testament to its enduring dedication to the sector's advancement.

Highlighting the esteemed nature of this event, a constellation of distinguished dignitaries graced the occasion, including M Venkaiah Naidu, Former Vice President of India and Vemula Prashanth Reddy, Minister of Roads, Buildings and Legislative Affairs & Housing, Government of Telangana. The event includes thought-provoking panel discussions, enlightening keynote addresses and interactive sessions.

Eminent experts and leaders from the real estate and related sectors shared their insights on pivotal topics including the Vision 2047 of Real Estate Sector in India, Technology-led Transformation of Real Estate Sector, Icons of the Real Estate Sector and their perspectives, the journey of NAREDCO and the real estate sector over the past 25 years, and the financial landscape of the industry.

Rajan Bandelkar, National President, NAREDCO, said: "NAREDCO's journey has been marked by resilience, adaptability, and a commitment to excellence. Our Foundation Day is not just a celebration of the past, but a stepping stone towards a brighter future for the real estate sector. We look forward to engaging in meaningful discussions and collaborations that will shape the industry's trajectory."

"Embracing 25 years of growth, innovation, and collaboration, NAREDCO stands as a beacon of excellence in the real estate sector. Our journey, enriched by the support of our members and partners, has been a testament to the power of collective vision and determination,” said Parveen Jain, Chairman of NAREDCO.

“Over the years, NAREDCO has played a pivotal role in advocating for reforms, policies, and initiatives that have transformed the real estate sector in India. With its unwavering commitment to transparency, ethical practices, and sustainable development, NAREDCO has become a symbol of trust for both the industry and its customers,” says Dr Niranjan Hiranandani, Vice Chairman, NAREDCO.

“As we gather in the vibrant city of Hyderabad, nestled within the heart of Andhra Pradesh & Telangana to celebrate our 25th Foundation Day, let us reflect on our achievements, reaffirm our commitment to sustainable development, and chart a course for an even more remarkable future," said G Hari Babu, Chairman, NAREDCO Andhra Pradesh.

“Together, against the backdrop of Andhra Pradesh's rich heritage and dynamic growth, we shall continue to build not just structures, but also dreams and aspirations for a better tomorrow,” he added. The occasion also saw the launch of the NAREDCO & Knight Frank Joint Report, Vision 2047, which provided invaluable insights into the future trajectory of the real estate sector in India.

Shishir Baijal, CMD, Knight Frank India said, "India has achieved remarkable progress since gaining independence, particularly gaining momentum over the past few decades. A key driver of this growth has been the Real Estate sector, which has significantly contributed to the economy both directly and indirectly.”

He further said, “Looking ahead to the next 25 years, as the economy continues to expand, the real estate sector is set to capitalise on substantial opportunities due to changing consumption patterns and potential revenue growth. We congratulate NAREDCO for reaching a significant milestone of 25 years, and eagerly anticipate their invaluable contributions in the coming quarter-century.”

"NAREDCO has been a cornerstone of the real estate industry's transformation in India. Established in 1998 under the Ministry of Housing and Urban Affairs, Government of India, NAREDCO had played a crucial role in advocating for reforms, policies, and initiatives that had reshaped the sector,” Shishir informed.

With a membership exceeding 10,000 across India, the organisation had served as an authentic platform where government, real estate, and public interests converged, fostering effective solutions to sector challenges. NAREDCO had amplified the collective voice of the real estate sector, driving policy formulation, sustainable growth, and harmonious development.

The Foundation Day celebration in the vibrant city of Hyderabad had served as an opportunity to reflect on NAREDCO's achievements, reaffirm the commitment to sustainable development, and chart a course for a remarkable future. Against the backdrop of Andhra Pradesh's rich heritage and dynamic growth, the event had embodied the collective dreams and aspirations for a better tomorrow.

The celebration had been an enlightening and inspiring event that underscored NAREDCO's dedication to fostering growth, collaboration, and positive change. It had reaffirmed NAREDCO's role as a driving force behind India's real estate transformation and had set the tone for continued progress in the years to come.