The Minister of Housing and Urban Poverty Alleviation, Govt. of India, is Ex-officio Chief Patron of the Council. Day-to-Day affairs of the council are managed by a Governing Council (GC) comprising members elected from various categories of memberships, six members nominated by the Chief Patron from ministries and PSUs including one person of eminence from industry, three honorary members from chambers of Commerce and CIDC, one member from each State REDCO / NAREDCO State Branch and Director General appointed by GC. Chairman, President, Vice Presidents and Member Finance are elected from amongst the members of the Governing Council for a tenure of two years. President is head of the Council and Director General is the Chief Executive of the Council. One third of elected members retire every year and fresh elections held before the AGM every year.
Shri G.V. Ramakrishna was the first President of National Real Estate Development Council, appointed by the then Union Minister for Urban Affairs & Employment, Government of India. Thereafter, Shri V. Suresh, CMD, Housing & Urban Development Corporation Ltd. (HUDCO), Late Dr. Som Datt, Chairman, Som Datt Builders Pvt. Ltd., Shri Rohtas Goel, CMD, Omaxe Limited, Shri Navin Raheja, CMD, Naredco Raheja Developers Ltd. and Shri Sunil Mantri, CMD, Mantri Realty Ltd. succeeded him as elected Presidents. Shri Parveen Jain, CMD, Tulip Infratech Ltd. is the President of the Council at present. Vice Presidents assist President in the Governance of the Council and Member Finance in policy formulations related to finance and accounting. The Council also has a Chairman, nominated by Central Government or the Governing Council, who presides Executive Committee comprising Chairman, President, Vice Presidents, Member Finance and Director General. Executive Committee oversee affairs of NAREDCO at National, Regional and State levels. Presently Shri Sunil Mantri, CMD, Mantri Realty Ltd. is the Chairman of the Council. The Council also has a high level Advisory Council, comprising past Chairmen / Presidents and eminent personalities from public and private sectors, which advises Governing Council on various functional and policy issues related to real estate sector. Source from: .Naredco.in |