NAREDCO, the “Ultimate Voice” of Real Estate Industry announced “Change of Guard”

NAREDCO, the “Ultimate Voice” of Real Estate Industry announced “Change of Guard”

Dr. Niranjan Hiranandani takes over as National President; Mr. Rajeev Talwar continues to be Chairman and Mr. Parveen Jain elected as Vice-Chairman

New Delhi: NAREDCO in its 109^th Governing Council Meeting has unanimously elected Officer Bearers for ensuing two years to be Torchbearers of the Council. Dr Niranjan Hiranandani, Founder-Chairman of Hiranandani Group and CMD, Hiranandani Communities takes over as the newly elected National President of NAREDCO. Mr. Rajeev Talwar, CEO, DLF Limited shall continue to be The Chairman and Mr. Parveen Jain, CMD, Tulip Infratech shall be The Vice Chairman.

Mr. R. Chalapathi Rao, Managing Partner, Sirisampada Constructions shall be The President-Elect. Five Vice-Presidents elected are Mr. Ashok Patni, State Convener & Vice Chairman, Rajasthan State Real Estate Development Council for Central region; Mr. Rajan Bandelkar, Director, Raunak Group for Western region; Mr. Gaurav Jain and Mr. Anil Suri, Chairman, Anil Suri Group for Northern region; Mr. Prem Kumar Polavarapu, Chairman, Doyen Constructions Pvt. Ltd. for Southern region. Mr. Rajesh Arora, ​Chairman, Arora & Associates ​Realty Ltd. shall continue as Member Finance.

“These are challenging times for the industry which is coming to terms with working in a new regulatory regime. I am overwhelmed by the trust and confidence reposed in me by NAREDCO and shall strive to ensure that together we fulfil the aims and objectives of NAREDCO,” Dr. Niranjan Hiranandani said after taking over as National President.

While congratulating Dr. Hiranandani, The Chairman, Mr. Rajeev Talwar mentioned that he is confident that Dr. Niranjan Hiranandani will herald a new dawn for the industry and NAREDCO.

Mr. Parveen Jain, while congratulating and passing the baton to Dr. Hiranandani opined that the advent of Dr. Hiranandani at the national level in NAREDCO shall be a beginning to a new era in NAREDCO and even real estate sector shall receive impetus through his experience and exposure.

Given that NAREDCO strives to be the collective force influencing and shaping the real estate industry, Dr Niranjan Hiranandani said he seeks to ensure it remains 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. “As National President, NAREDCO, I will ensure we all work together as a team, to create and sustain an environment conducive to the growth of real estate industry in India through the public-private partnership (PPP) route,” said Dr Niranjan Hiranandani, post Union Minister of State (I/C) for Ministry of Housing and Urban Affairs, GoI, Mr. Hardeep Singh Puri announced new PPP policy to promote private investments in affordable housing. A move that will allow Central Government extending assistance of upto Rs 2.50 lakh per dwelling unit to be built by private builders even on private lands in urban areas.

“The new paradigm reforms are something that will enable achievements which will boost Indian Real Estate. Given that it is one of major contributor to India’s economic growth, we would like to ensure it contributes more in years to come, under the new regulatory regime. Real estate should remain labour intensive, so that it continues to generate skilled as well as unskilled employment, supports growth in 267 related and intermediary industries like steel, cement, floor cladding, furnishing etc, to ensure further growth,” Dr. Hiranandani added.

On challenges facing the industry at the national level, Dr Niranjan Hiranandani said he would work to rewrite the success story of real estate. “NAREDCO will work to help redefine the parameters of Indian Real Estate, given the transformation and reformatory steps taken by the Narendra Modi Government. I believe in the ambitious vision of ‘Housing for All by 2022’ and will work towards ensuring that NAREDCO provides support and aligns with this mission,” he said, adding that his focus would be on ensuring a better scenario for all stakeholders as also encouraging cohesively work between developers, bureaucrats and the Government.

The focus as new National President, NAREDCO will include rationalizing processes so that permissions and clearances for projects are received within set timelines, to improve business viability in light of high land cost, to build capabilities for delivery of projects on time as also focus on more green building projects.

In conclusion, Dr Niranjan Hiranandani said he wants to work towards ensuring that the real estate industry can hold its head high, and proclaim that ‘we are the builders of this nation”.