(THE GIST OF PIB) NAREDCO sets up finance committee to help builders in getting funds

[November-2022]

NAREDCO sets up finance committee to help builders in getting funds

• National Real Estate Development Council (NAREDCO) has set up a finance committee to enable member developers to easily access funds from banks and financial institutions.

About:

• It is an autonomous self-regulatory body established in 1998 under Ministry of Housing and Urban Affairs (MoHUA).
• It acts as premier real estate government industry association of India.
• Union Minister for Housing & Urban Affairs serves as Chief Patron of NAREDCO.
• It aims to provide government, real estate industry and general public a legitimate platform to address their concerns and find effective solutions for issues plaguing the real estate sector.

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Courtesy: PIB