National Association of Realtors India (NAR-INDIA) Signs an Agreement of co-operation with CREDAI

• Both the bodies to collaborate together at National Association of Realtors – INDIA 2011 Convention and Expo at Hyderabad.
• Association to help bring professionalism, benefits for Real estate Industry.
• Andhra Pradesh Realtors Association (APRA) Host the 3rdConvention and Expo.
Hyderabad: In their bid to infuse professionalism in real estate industry and provide better services to customers, National Association of Realtors India (NAR-INDIA), —the only pan-Indian association of real estate agents and CREDAI, the largest representative of developers join hands for co-operation, exchange of knowledge, expertise and training. The initiative will enhance credibility of the real estate industry and aims at providing better services to customers.
The new initiative coincides with the congregation of nearly 1,000 members of the real estate brokering community in India and abroad participating in the 3rd National Association of Realtors—India Convention 2011beginning July 23 being hosted by Andhra Pradesh Realtors Association (APRA) in Hyderabad.
Commenting on the occasion Dr. P S N Rao Founder Chairman NAR-INDIA said “Brokers and builders are two key stakeholders of the real estate industry. It is imperative that a synergy is cultivated between the two. This collaboration aims to forge this crucial link”.
“Both this association has strong conviction of self regulation and with appropriate support of government; the issues of consumers can be resolved without much cost time and effort. This cooperation will enhance the goodwill of business and I am looking forward to a lasting relationship in the interest of business”, said Mr. Lalit Kumar Jain, President CREDAI.
Also speaking on the occasion Mr. Ravi Verma Immediate Past President NAR-INDIA said “The decision of NAR-INDIA & CREDAI to work together in a systematic manner on issues of common interest is a historic development in the real estate industry. We shall endeavor to speak in one voice and work towards empowering our respective members to improve the “Bottom Lines” of their business.
The association believes that Governments have a key role to play. They need to license real estate brokers as they do in some of the advanced countries, so that only credible and knowledgeable players enter the business. Further, there is also a need for a Real Estate Regulator. That is the crying need of the hour.