Skill Development in Real Estate Gets a Push: NAR-INDIA Supports NIRED's Initiatives with Historic MoU Signing between NAR-INDIA and NAREDCO
New Delhi, 31st March,
2025: The National Association of
Realtors-India (NAR-INDIA) and the National Real Estate Development Council
(NAREDCO) have signed a landmark Memorandum of Understanding (MoU) to establish
a collaborative framework that promotes professional excellence, industry
growth, and policy advocacy in the real estate sector.
The MoU aims to enhance
industry standards, facilitate knowledge exchange, promote skill development
and training, and strengthen networking and collaboration among real estate
professionals. Both organizations will work together to promote ethical
practices, transparency, and professionalism in the real estate sector by
developing and implementing industry standards.
The partnership will also
focus on promoting skill development and training in the real estate
sector. NAR-INDIA will support NAREDCO's National Institute of Real
Estate Development (NIRED) by providing 100 candidates for training programs
and workshops throughout the year.
Mr. G Hari Babu, National
President, NAREDCO,
said, “This MoU represents a significant step towards transforming India’s real
estate industry into a globally competitive and professionally driven sector.
By collaborating with NAR-INDIA, we aim to raise industry standards, bring in
greater transparency, and advocate for policies that promote sustainable
growth. This partnership will empower realtors and developers to align with
global best practices, ultimately benefiting homebuyers and investors.”
Mr. Sumanth Reddy, Chairman,
NAR-INDIA, added, “The real estate
industry is evolving rapidly, and professionalism, ethics, and innovation are
now more critical than ever. Through this MoU, we are creating a collaborative
ecosystem where realtors and developers can exchange knowledge, enhance skills,
and contribute to a more structured and efficient industry. Our goal is to
uplift the standards of real estate transactions and ensure a better experience
for customers.”
Under the MoU, NAR-INDIA and
NAREDCO will jointly develop industry standards, exchange information on the
latest developments in the real estate sector, and share key data, statistics,
and research reports. They will also cross-promote relevant news, developments,
and events on their respective websites and communication channels.
I wholeheartedly welcome the
historic MoU between NAR-INDIA and NAREDCO, a significant milestone in India's
real estate sector. This partnership will undoubtedly elevate industry
standards, promote transparency, and foster professionalism. As Chairman of the
Association of Property Professionals Delhi NCR, I believe that this
collaboration will have a far-reaching impact on the sector, benefiting not
just realtors and developers but also homebuyers and investors, said Mr.
Abhishek Jain, Chairman, Association of Property Professionals Delhi NCR.
This MoU marks a significant
milestone in the efforts of NAR-INDIA and NAREDCO to promote professional
excellence, industry growth, and policy advocacy in the real estate sector.
With this partnership, both organizations aim to create a more collaborative
and growth-oriented real estate ecosystem in India.
