NAR-India Is The Credible Voice Of Realtors In India.
Real estate in India makes an enormous contribution to development of the economy, national growth and GDP. Real estate has forward and backward linkages with over one hundred and sixty five industries and is the largest employment generator, perhaps only after agriculture. However, despite the significance of this industry, it has always remained a much disorganized one. Whilst the building materials, construction equipment, finance and builder segment of the industry have fairly improved their business practices and a reasonably good degree of professionalism has come about, the transaction processes continue to remain by and large backward and in need of urgent reform.
Key Takeaways Of The 2nd Convention By NAR – India
After the first National Association of Realtors (NAR)-India convention that was held at Pune on the 6th and 7th March 2009, the 2nd annual convention of the NAR – India 2010 was held at The Radisson Resort Temple Bay, Mamallapuram, Chennai, on July 16 and 17. The first National Association of Realtors (NAR)-India convention was attended by 300 realtors and 50 developers from all over India, the response for the second National Association of Realtors (NAR)-India convention 2010 was far above the ground. It sensed the need to introduce the best international standard operating procedures in the Indian real estate sector. It also intended in advocating the code of ethics and fair practice amongst the Indian realtors, equally foster better insights among the stakeholders of real estate business.