Delhi RERA & NAREDCO set to launch National Institute of Real Estate Development

Delhi RERA & NAREDCO set to launch National Institute of Real Estate Development

The collaboration will impart recognition to professionals engaged in infrastructure and related sectors

The Delhi Real Estate Regulatory Authority (RERA) and the National Real Estate Development Council (NAREDCO) have joined hands to launch the National Institute of Real Estate Development (NIRED).

The unique forum is aimed at capacity building of stakeholders in the real estate, construction, and infrastructure sectors in the country. Its primary objective would be to develop and build human resource capacity to enhance the quality and productivity of work in the zones.

The collaboration will impart recognition to professionals engaged in fields including leverage, planning, construction, building material, new technologies, marketing, and brokerage.

Retired IAS officer and Delhi RERA chairman Anand Kumar expressed pleasure in signing a Memorandum of Understanding (MoU) with NAREDCO.

Kumar stated, “This partnership aims to establish a National Institute for Real Estate Development as well as to plan and conduct training courses for promoters, builders, real estate agents, allottees, and all other parties involved in the industry.”

He added, “Delhi RERA will strive to promote awareness about the Real Estate Regulation and Development Act 2016, so that all individuals can comply with the regulations outlined in the Act. The authority will also maintain regular communication with various stakeholders to facilitate the development of the real estate industry in Delhi”.

Rajan Bandelkar, the President of NAREDCO, stated, “NAREDCO is delighted to join hands with RERA Delhi to take up real estate training. NAREDCO will play a pivotal role in bridging the skill gap in the real estate sector and provide necessary training to young professionals and other stakeholders. The Institute will offer a platform for everyone to enhance their knowledge and skills, making them industry-ready and contributing to the growth of the sector.”