To promote excellence and high
standards of operations based on just and equitable
principles in transactions relating to various operations of
real estate business including building, construction and
To evolve criteria of real
estate and construction industry and its various allied
operations and to formulate a Code of Ethics for observance
by all real estate developers, builders and marketing
operators and to evolve a suitable ombudsman mechanism for
investigating departures there from.
Rating of developers and their
projects through CRISIL/ ICRA supported by NAREDCO-NHB
Establishment of data bank,
which will collect and circulate information on all matters
connected with the real estate sector.
To set up a National Institute
of Real Estate Development (NIRED) as a center for studies,
research, training and certification.
To promote, encourage,
facilitate and assist the establishment of state bodies of
NAREDCO in various parts of the country, REDCOs.