NAREDCO Uttarakhand Chapter to Boost Real Estate Development in the State

The National Real Estate Development Council (NAREDCO) has launched its Uttarakhand chapter, aiming to foster growth, promote transparency, and advocate for policy reforms in the state's real estate sector.

NaredcoUttarakhandReal Estate DevelopmentPolicy ReformsSustainable GrowthReal Estate NewsAug 01, 2024

NAREDCO Uttarakhand Chapter to Boost Real Estate Development in the State
Real Estate News:The National Real Estate Development Council (NAREDCO) has established its Uttarakhand chapter, marking a significant milestone in the state's real estate development. With this move, NAREDCO aims to boost the local economy, create jobs, and enhance real estate revenue.At the launch event, the state's Minister of Housing & Urban Development, Shri Premchand Aggarwal, emphasized the development potential in Uttarakhand, highlighting the rapid population increase in the state's major cities. He mentioned that the government plans to develop 22 new townships to generate employment and boost real estate revenue, while incorporating sustainable practices such as renewable energy, efficient waste management, and green building materials.

Ganesh Joshi, the state's Minister of Agriculture, pointed out that Uttarakhand's status as a tourist state offers immense potential for real estate development, with a constant flow of tourists, pilgrims, and travel enthusiasts throughout the year. He suggested that Dehradun could be developed into theme townships to cater to the growing demand for residential space.

NAREDCO's National President, G Hari Babu, expressed excitement about the new chapter, stating that it would serve as a catalyst for growth and development in Uttarakhand's real estate sector. He remarked that Uttarakhand holds significant potential for investment and offers a conducive environment for the industry to thrive.

The NAREDCO Uttarakhand chapter will focus on several key objectives, including advocacy and policy reforms, knowledge sharing and capacity building, and industry collaboration. Rajan Bandelkar, Vice Chairman of NAREDCO, stressed the importance of close collaboration between the government and industry stakeholders, given that land is a state subject.

Manoj Joshi, President of the NAREDCO Uttarakhand Chapter, highlighted the chapter's commitment to creating a favourable regulatory environment that encourages sustainable growth and investment in the real estate sector. He mentioned that the chapter would undertake research and analysis to provide valuable insights into the real estate market, identify trends, and inform industry stakeholders and policymakers.

With its vast network and industry expertise, NAREDCO aims to contribute significantly to the overall growth and prosperity of Uttarakhand. The organisation invites real estate developers, builders, industry professionals, and stakeholders to join the Uttarakhand chapter and utilise the platform to shape the future of the state's real estate sector.

Frequently Asked Questions

What is NAREDCO?

NAREDCO is the National Real Estate Development Council, a national body representing the real estate sector in India.

What is the purpose of the NAREDCO Uttarakhand chapter?

The NAREDCO Uttarakhand chapter aims to foster growth, promote transparency, and advocate for policy reforms in the state's real estate sector.

What are the key objectives of the NAREDCO Uttarakhand chapter?

The key objectives of the NAREDCO Uttarakhand chapter include advocacy and policy reforms, knowledge sharing and capacity building, and industry collaboration.

How will the NAREDCO Uttarakhand chapter contribute to the state's economy?

The NAREDCO Uttarakhand chapter is expected to boost the local economy, create jobs, and enhance real estate revenue in the state.

Who can join the NAREDCO Uttarakhand chapter?

Real estate developers, builders, industry professionals, and stakeholders can join the NAREDCO Uttarakhand chapter and utilise the platform to shape the future of the state's real estate sector.

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