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| Mr. Navin Raheja President NAREDCO |
Free supply of cement..!
Mr. Navin Raheja President NAREDCO & Raheja Developers CMD (Chairman and Managing Director), said. “It is not possible that within 3 months the cement prices would shoot up by 66%. These prices are being pushed up due to artificial scarcity being created by cement cartels that is adversely affecting the countries real estate sector. We have requested CCI's intervention to free supply of cement so that prices return to normal.”
Mr Raheja also said,'' If cement prices continue to increase with no price correction, costs could go up by 15-20% translating to a price increase for consumers in all their new projects by about the same amount. If cement prices go up, construction projects get delayed and the price increase gets passed onto the consumer. Besides cost of housing, building & construction, prices of all related infrastructure industries also goes up which ultimately have to be borne by the home buyer"
About NAREDCO...!
NAREDCO (National Real Estate Development Council) was established as an autonomous self regulatory body in 1998 under the aegis of Ministry of Housing and Urban Poverty Alleviation, GOI (Government of India). It is in this year that the GoI 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 sector 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 NAREDCO 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 sector in India, partnering industry and government alike through advisory and consultative processes.
National Real Estate Development Council
First Floor, 8 Community Centre, East of Kailash,
New Delhi - 110065
Fax:+91-11-26225796
Phone:+91-11-26225795, +91-11-41608570
Email: naredco@naredco.in
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