WELCOME TO NAREDCO-WEST

Representing Real Estate Industry of Western India

BECOME A MEMBER TODAY

Apply Online >

ABOUT NAREDCO

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 Poverty Alleviation, Government of India. It is in this year that the Government of India redrafted the National Housing & Habitat Policy, giving due importance to the Housing and Real Estate sector, thereby declaring housing for all citizens by the year 2010.

LATEST PRESS RELEASE View All

NAREDCO Maharashtra launches Neral-Karjat unit

16 Jul 2021

  • Over 40000 affordable homes to be unlocked from 100+ members

Mumbai, 16th July 2021: After the successful launch of the Ambarnath-Badlapur unit couple of weeks back, NAREDCO Maharashtra, the Maharashtra chapter of NAREDCO, the apex national body of real estate industry today announced the launch of their new unit in the State, NAREDCO Neral-Karjat. This has led to the creation of an affordable housing stock of over 40000 homes from their 100+ members associated with this unit. This is expected to unlock the affordable housing properties and offer a great opportunity to the discerning homebuyers to buy RERA registered properties at affordable prices in Neral and Karjat region.

Neral-Karjat is located central to both Mumbai and Pune. The State Highway connects Neral to Karjat, NH4, Panvel and Badlapur. The Matheran hill station is an important tourist attraction in the region. Once lacking both infrastructure and connectivity, Neral-Karjat, today flaunts all amenities available at one’s disposal. Many mega infrastructure projects are being set up by the government to catalyse the real estate growth in Neral-Karjat. Also, it has been designated as the ‘next big residential hub’, after Ambarnath-Badlapur and Kalyan.

Speaking during the launch, Mr. Ashok Mohanani - President, NAREDCO Maharashtra said, “We are happy to announce the launch of NAREDCO's new unit in Neral-Karjat. This will open up new affordable housing inventory for the prospective homebuyers who are looking to buy their dream home. Under NAREDCO's umbrella, the homebuyers too will have a sense of trust and confidence. It will also boost the Government's policy of creating ‘Housing for All by 2022’.”

The infrastructure development in the leading metro cities has improved connectivity to peripheral destinations, thereby, bridging the gap between the cities and the peripheries. On the other hand, projects such as the metro rail, ring roads and highways, etc., offer improved connectivity to the existing city establishments and are more suitable to the immediate needs of budget-conscious home buyers.

Commenting on the occasion, Mr. Gautam Thacker, President, NAREDCO Neral-Karjat unit said, “The Neral-Karjat region offers reasonably priced properties to buyers as compared to other locations in Mumbai, Thane and Navi Mumbai. The location has several affordable properties on offer for buyers in the lower-income segment and is witnessing huge interest from homebuyers as well as investors looking for second homes. At the time when real estate prices have undergone correction, this region with its upcoming infrastructure, tranquil surroundings and affordable pricing can bring the homebuyers' dream come true.”

The inauguration of the new unit took place in the presence of NAREDCO’s senior leaders such as Dr. Niranjan Hiranandani, National President, NAREDCO; Mr. Rajan Bandelkar, Vice Chairman, NAREDCO Maharashtra; Mr. Sandeep Runwal, President Elect, NAREDCO Maharashtra; Mr. Prashant Sharma, Secretary, NAREDCO Maharashtra; Mr. Kamlesh Thakur, Joint Secretary, NAREDCO Maharashtra; Mr. Maulik Dave, Joint Treasurer, NAREDCO Maharashtra along with the office bearers from Neral-Karjat region.

The Neral-Karjat region has emerged to be an affordable living destination in comparison to the rest of Mumbai. It is witnessing an increase in the population in the recent years owing to its proximity to various employment hubs. The region provides its residents with all kinds of social amenities to live a happy and peaceful life that includes various schools, hospitals, the luxury of enjoying recreational amenities and proximity to various banks and ATMs. There will always be sizable demand for real estate here since people will continue seeking affordable homes in the locality and employment prospects will be boosted hugely. Neral-Karjat and its surroundings are not only a beautiful place for home but also a major tourist destination with waterfalls, scenic verdant hills, several farmhouses & resorts along with paddy fields that are the major attractions during the monsoons. Spacious areas and pleasant environment are the main reasons people are investing in properties there to enjoy their weekends or rent their properties for secondary income.  These are factors that will keep the growth momentum of the region intact over the next few years. It is expected to witness handsome appreciation in the future in terms of property rates. Thanks to the fast-paced infrastructure development and emerging real estate projects, Neral is fast becoming a destination of choice for Mumbaikars.

Read More

NAREDCO Maharashtra launches Ambarnath-Badlapur unit

05 Jul 2021

Prime Objectives of the unit:

  • To propel the infrastructure development in the region
  • To enhance water supply and its availability in residential sector
  • Policy level resolution on river red line/blue line issues
  • Over 10000 affordable homes to be unlocked from 100+ members

Mumbai, 5th July 2021: NAREDCO Maharashtra, the Maharashtra chapter of NAREDCO, the apex national body of real estate industry today announced the launch of their new unit in the State, NAREDCO Ambarnath-Badlapur. This has led to the creation of an affordable housing stock of over 10000 homes from their 100+ members associated with this unit. This is expected to unlock the affordable housing properties and offer a great opportunity to the discerning homebuyers to buy RERA registered properties at affordable prices in Ambarnath and Badlapur region. Apart from this, the prime objectives of this new unit will be to propel the infrastructure development in the region, to enhance the water supply and its availability to the residential segment along with the policy-level resolution on river red line/blue line issues.

Due to its proximity to the upcoming Panvel-Badlapur highway, Metro connectivity via Thane, the area is expected to absorb the future growth in population, business and commercial activity in the region. The region is being speedily developed with modern infrastructure including basic civic amenities like schools, banks, hospitals, Municipal Council, post office, water supply and the markets nearby which has enhanced the real estate development there.

Speaking during the launch, Mr. Ashok Mohanani - President, NAREDCO Maharashtra said, “We are happy to announce the launch of NAREDCO's new unit in Ambarnath-Badlapur. This will open up new affordable housing inventory for the prospective homebuyers who are looking to buy their dream home. Under NAREDCO's umbrella, the homebuyers too will have a sense of trust and confidence. It will also boost the Government's policy of creating ‘Housing for All by 2022’.”

The infrastructure development in the leading metro cities has improved connectivity to peripheral destinations, thereby, bridging the gap between the cities and the peripheries. On the other hand, projects such as the metro rail, ring roads and highways, etc., offer improved connectivity to the existing city establishments and are more suitable to the immediate needs of budget-conscious home buyers.

As much as 58% of around 149,000 homes launched in 2020-21 are located in the peripheral areas of the top seven property markets, showed data from Anarock Research. In 2019-20, the share of new launches in the peripheral locations was around 53% of about 207,000 homes launched in these cities. Out of the total units launched in 2020-21, MMR had 67% supply coming from such peripheral locations.

Commenting on the occasion, Mr. Ajay Thanekar, President, NAREDCO Ambarnath-Badlapur unit said, “The Ambarnath-Badlapur region offers reasonably priced properties to buyers as compared to other locations in Mumbai and Navi Mumbai. The location has several affordable properties on offer for buyers in the lower-income segment and is witnessing huge interest from end users and investors alike. Also, owning a residential apartment with natural beauty and serenity, far away from pollution is a dream home for every aspiring individual in the Mumbai city. At the time when real estate prices have undergone correction, this region with its upcoming infrastructure, scenic environs and affordable pricing can bring the homebuyers' dream come true.”

The inauguration of the new unit took place in the presence of NAREDCO’s senior leaders such as Dr. Niranjan Hiranandani, National President, NAREDCO; Mr. Rajan Bandelkar, Vice Chairman, NAREDCO Maharashtra; Mr. Sandeep Runwal, President Elect, NAREDCO Maharashtra; Mr. Prashant Sharma, Secretary, NAREDCO Maharashtra; Mr. Kamlesh Thakur, Joint Secretary, NAREDCO Maharashtra; Mr. Maulik Dave, Joint Treasurer, NAREDCO Maharashtra along with the office bearers from Ambarnath-Badlapur region - Mr. Sambhaji Shinde, Secretary, NAREDCO Ambarnath-Badlapur unit; Mr. Laxman Vispute, Mr. Swami Darwin and Mr. Sanjay who are the Members of the NAREDCO Ambarnath-Badlapur unit.

The Ambarnath-Badlapur region has witnessed tremendous growth over the years on account of its proximity to Mumbai. It is also well connected to Dombivli, Thane and Kalyan. The region has a cosmopolitan ambience and draws several professionals here on account of the low prices. There will always be sizable demand for real estate here since people will continue seeking affordable homes in the locality and employment prospects will be boosted hugely. Ambarnath-Badlapur and its surroundings are not only a beautiful place for home but also a major tourist destination with several resorts, dams, temples along with waterfalls & hills that are the major attractions during the monsoons. Spacious areas and pleasant environment are the main reasons people are investing in properties there to enjoy their weekends or rent their properties for secondary income.  These are factors that will keep the growth momentum of the region intact over the next few years. It is expected to witness handsome appreciation in the future in terms of property rates.

Read More

NAREDCO Real Estate and INFRASTRUCTURE INvestment Summit

23 Jun 2017

Read More

Will rein in Corrupt Babus, CM assures Developers

Read More

Download

Photo Galleries

OUR ASSOCIATES

National Real Estate Development Council, West

Naredco West Foundation, C/O Shah & Shah Associates,
C Block, Near Sachin Tendulkar Stand, Wankhede Stadium, Mumbai - 400 020