NAREDCO and Delhi RERA launch training course for real estate

The National Real Estate Development Council (NAREDCO) and RERA Delhi have launched the National Institute of Real Estate Development (NIRED), to provide essential training and coaching to real estate players, enhancing the quality and productivity of work in the real estate and infrastructure sectors.

NIRED’s objective is to develop human resource capacity, recognizing professionals in fields such as planning, construction, building materials, new technologies, marketing, and brokerage.

“NAREDCO will bridge the skill gap in the real estate sector and provide necessary training to young professionals and other stakeholders. The institute will offer a platform for everyone to enhance their knowledge and skills, making them industry-ready and contributing to the growth of the sector,” said Rajan Bandelkar, President of NAREDCO.
With the real estate, construction, and infrastructure sectors managing $15 trillion in India and growing at a rapid pace, the majority of professionals have not had formal education in areas of their work and have learned on the job.

Unlike other global markets, there are no formal degrees to be obtained in India, except for the RICS School of Built Environment established in 2013.

To address this gap, RERA Delhi and NAREDCO have launched the NIRED to offer relevant learning and development programs. NIRED provides professionals with a opportunity to update their knowledge and technical competencies, enabling them to perform more efficiently and cater to the requirements of the ever-demanding built environment sector.

“Authorities have far more responsibilities than before, and authorities like us cannot break them. We must ensure that every three months, we review the project; in case of difficulties faced by developers in delivering, we have to give an extension and explain it to the customers. We take the view of all the stakeholders and take decisions based on it,” said Anand Kumar, Chairman, Delhi RERA.As per Ministry of Housing and Urban Affairs (MoUHA) data, RERA disposed of 20604 in Haryana as on January 1, 2023. which is second to Uttar Pradesh where it disposed of 42,460 cases.

“Comparing the scenario to 2017, there was a lot of distrust between various stakeholders, and there was no quick fix solution. In 2017 when RERA came into being, there was a codification of how the industry should run and the responsibilities of various stakeholders. We all have to put heads together and develop industry in the best way possible, and make the sector transparent,” Kumar said.

The states with the maximum project registrations are Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Telangana, and Tamil Nadu. Maharashtra still tops the list with approximately 38,643 project registrations.