About NAREDCO Maharashtra
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, Government of India. 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 the real estate business and transform the unorganized Indian real estate sector into a matured and globally competitive business sector. NAREDCO 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 Maharashtra (NAREDCO West Foundation) is the Maharashtra State Chapter of NAREDCO.
About MahaRERA SRO
In order to ensure greater professionalism among promoters, bring a certain level of consistency in the practice of promoters, enforcement of the code of conduct and discourage fraudulent promoters, MahaRERA has introduced Self – Regulatory Organization (SRO) in the real estate sector in Maharashtra. NAREDCO is the First Self Regulatory Organization appointed by MahaRERA.
Benefits & Responsibilities
The Roles & Responsibilities of the SRO shall be as follows:
- The SRO shall encourage its members to comply with the provisions of the Act, applicable rules, regulations, orders or circulars issued by the MahaRERA from time to time.
- The SRO shall be responsible for carrying out awareness and education activities among its members.
- The SRO shall specify standard of conduct for its members and also shall be responsible for the implementation of the same by its members.
- Any information or particulars furnished to MahaRERA by the applicant shall not be false or misleading in any material respect.
As a member of NAREDCO, one will have access to a world of opportunities, from direct interaction with policy makers, networking with corporate majors of Indian real estate industry to assisting in framing economic and industrial policies, through close linkages with the Government. NAREDCO’s proactive approach focuses on helping to create a transparent milieu for business, increase efficiency and competitiveness. Below are the two Membership Options for a Developer;
Rera Project Membership(RPM)
RERA Project Membership (RPM) A project of the developer can be registered as a RERA Project Member with NAREDCO SRO by merely paying a one time fee of INR 5900/-(Projects located in Maharashtra excluding Mumbai) and INR 11800/- (Projects located in the city of Mumbai). A developer can opt for a Regular Membership with NAREDCO and can select NAREDCO SRO on multiple projects being constructed by the registered organisation. For further information kindly visit link or call on 022 61222300
A developer can opt for a Regular Membership with NAREDCO and can select NAREDCO SRO on multiple projects being constructed by the registered organisation.
For further information kindly visit link or call on 022 61222300