DELHI: The National Association of Realtors – India ( NAR-INDIA ), held its 5th Annual Convention at Hotel Taj Palace, New Delhi on 6 and 7 of July, 2013. NAR-INDIA was established in the year 2007 as the apex national level association for realtors ( real estate brokers ) in India. In the last 5 years, NAR-INDIA has grown rapidly with member reach across 26 cities with over 25,000 member representatives. The objectives of the association are to bring real estate brokers under a common umbrella, improve awareness and skills and create networking opportunities for improving business.
The Inaugural Session was graced by Sh. Arun Kumar Misra, IAS, Secretary of MoHUPA, Government of India who was the Chief Guest. In his address, he stated that real estate brokers were one of the most important stake holders in the industry. He also stated that real estate brokers were included in the Real Estate Regulatory Bill which is likely to be introduced in the Parliament soon. He stated that once this Bill would be enacted, the real estate brokerage business would get streamlined in the country and consumers as well as brokers would be benefitted.
The Valedictory Address was delivered by Sh. Rehman Khan, Hon’ble Minister for Minority Affairs of Government of India.
Prof.Dr.P.S.N.Rao, Founder and Chairman of NAR-INDIA stated that the central theme of this Convention was ‘customer orientation’ of the brokerage business. Lead speakers from across the country spoke to update the participants on the latest developments in customer centric marketing, law, finance, taxation and investment trends. A special session was also held on the role of women in the real estate brokerage business.
Sachin Shroff, a well known realtor from Baroda took over as the new President of NAR-INDIA for the year 2013-14, at a function later in the evening.
In all, there were 850 delegates from various cities in India who participated in the Convention. International delegates from the USA, France, Brazil, Singapore, Ireland, Germany, Dubai and several other countries also participated. The participant profile comprised of real estate brokers, developers, IT companies, analysts, housing finance companies, investors and all those who are interested in real estate. NRIs and PIOs will also found this convention very useful. Indian School of Business ( ISB ) from Hyderabad was the Knowledge Partner.
NAR-INDIA is an affiliate of NAR of USA, the world’s largest real estate organisation with over 1.1 million members.