At the Real Estate and Infrastructure Investors’ Summit 2017 in Mumbai, the National Real Estate Development Council (NAREDCO) West announced the ‘Change of Guard’. Dr Niranjan Hiranandani, Chief Managing Director of the Hiranandani Group, handed over the title to Neel Raheja, the Group President of K Raheja Corp.
A number of luminaries from across the legal, banking & finance, and realty sectors of India were part of the event. Shri Devendra Fadnavis, the honorable Chief Minister of Maharashtra, graced the occasion with his presence. Amidst the presence of these personalities, Neel C. Raheja became the elected President of NAREDCO West.
In 1998, NAREDCO was established as a self-regulatory body under the supervision of Ministry of Housing and Urban Poverty Alleviation, Government of India. The housing sector of India and the associated industries welcomed NAREDCO as a national apex body for the real estate industry.
NAREDCO was visualized as a single platform for the resolution of various issues. Under this, three bodies, including the government, industry and public, discuss the problems and opportunities in person. The council was formed with a responsibility to promote transparency in the realty sector. (It aims to transform the unorganized real estate sector of India into a globally competitive sector. – this aim u got from where?)
In September 2013, a branch of the National Real Estate Development Council was established in Mumbai. This came to be known as NAREDCO West. It represents the Real Estate Industry of Western India. The council strives to be cooperative force that is not just influences but also shapes the real estate industry.
Neel Raheja, commented, “NAREDCO West has always been at the forefront of addressing issues faced by the industry. It is with a sense of pride and humility that I accept this august position.”
“I assure my fellow industry members that in keeping with the theme of 2017, we will strive to ensure that the ease of doing business in India quotient takes a significant leap forward. We endeavor to work closely with the government for enhanced development of the sector,” he added.
The 44-year-old pursued Owner/President Management Program from the Harvard Business School, Boston, Massachusetts. He joined the realm of his father, K Raheja Corp, at the age of 18. His expertise has led the company towards new heights.
He has an experience of 19 years in the real estate development, hospitality, and retail. Being excessively versatile, he is expected to bring favorable changes in the realty sector as the president of NAREDCO West.