Lahari Group leader G. Haribabu has been elected President-Elect of NAREDCO for the National Association for the first time from the Telugu states. He will stay in this position for about two years. Union Housing and Urban Affairs Minister Hardeep Singh Puri is the Chief Patron of NAREDCO, formed under the Ministry of Housing of the Union Government. The organisation works with senior officials and associations from all sectors of the domestic construction sector. In India, it plays a key role in shaping policies for the real sector.
The association was established in 1998 under the Ministry of Housing and Urban Affairs of the Union Government. It is the leading industry association for the real estate sector in India. Its primary objective is to provide a legitimate platform for the government, the real estate industry, and the general public to address their concerns and find effective solutions to the challenges faced by the real estate sector. This platform, which has about five thousand members along with many associations in various states, communicates its views related to the industry to various central ministries. Thus, it plays a vital role in policymaking.
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