Organization History in brief.

National Real Estate Development Council (NAREDCO) was established as an autonomous self-
regulatory body in 1998 under the aegis of Ministry of Housing and Urban Affairs, Govt. of India. It is
in this year that the Government of India redrafted the National Housing & Habitat Policy, giving due
importance to the Housing and Real Estate sector, thereby declaring housing for all citizens by the
year 2010. The Indian housing and real estate sectors and the allied industries hailed the
establishment of NAREDCO, as the apex national body for the real estate industry and visualized it
as a single platform where Government, industry and public would discuss various problems and
opportunities face to face which would result in speedy resolution of issues. It was formed with the
mandate to induce transparency and ethics in real estate business and transform the unorganized
Indian real estate sector into a matured and globally competitive business sector.

The National Real Estate Development Council strives to be the collective force influencing and
shaping the real estate industry. It seeks to be the leading advocate of developing standards for
efficient, effective, and ethical real estate business practices, valued by all stakeholders of real
estate sector and viewed by them as crucial to their success. NAREDCO works to create and
sustain an environment conducive to the growth of real estate industry in India, partnering industry
and government alike through advisory and consultative processes.

Brief details of the Top Management

Niranjan Hiranandani (born 8 March 1950) is an Indian billionaire entrepreneur, co-founder and
managing director of Hiranandani Group, engaged in real estate business. He is ranked
by Forbes among the 100 richest Indians.[1] In 2017, he was one of the top 10 Indian real estate
tycoons according to the Grohe Hurun report.[2] Along with members of his family, Hiranandani
controls the privately-owned Hiranandani Group.

Vision and Mission of the organization.

I To promote excellence and high standards of operations based on just and equitable principles
in transactions relating to various operations of real estate business including building,
construction and marketing.

II To evolve criteria of real estate and construction industry and its various allied operations and
to formulate a Code of Ethics for observance by all real estate developers, builders and
marketing operators and to evolve a suitable ombudsman mechanism for investigating
departures there from.

III Rating of developers and their projects through CRISIL/ ICRA supported by NAREDCO-NHB
rating mechanism.

IV Establishment of data bank, which will collect and circulate information on all matters connected
with the real estate sector.

V To set up a National Institute of Real Estate Development (NIRED) as a center for studies,
research, training and certification.
VI To promote, encourage, facilitate and assist the establishment of state bodies of NAREDCO in
various parts of the country, REDCOs.

VII Promotion and encouragement of co-operation among all enterprises dealing with and engaged
in various aspects of real estate development.

VIII Participation in the formulation of national policies and agenda for real estate development and
fiscal reforms.

IX To organize meetings, symposia, workshops, seminars and conferences on issues relating to

real estate, building construction and allied activities.

X To identify and strengthen industry's role in the economic development of the country

XI To act as a catalyst in bringing about the growth and development of Indian Real Estate
Industry

XII To create awareness and support industry's efforts on quality, environment and consumer
protection

XIII To promote cooperation with counterpart organizations

Industry analysis

PESTEL

Political:- NAREDCO is a developers association and comes under agies of ministry of housing
and urban poverty alleviation government of India. A chief patron of NAREDCO IS shri.Hardeep
singh puri in national level and in state of Maharashtra shri.Devendra fadnavis is the chief
patron so it is mainly manage and control my government.

Economical:- NAREDCO is a developers association so it comes as a NGO or NPO nonprofit

organization.

Social:- NAREDCO is doing

Technological:-

Environmental: - An initiative by NAREDCO in association with government of Maharashtra.

More than 2 lakh trees planted under the CSR activity of NAREDCO in the year 2016 & 2017 at
various part of Mumbai.

Legal:-