Two developer associations join NAREDCO

Mumbai, December 20, 2021: Two developer bodies, Brihanmumbai Developers Association (BDA) and Central Mumbai Developers Welfare Association (CMDWA) has decided to consolidate with NAREDCO Maharashtra.

Commenting on the occasion, Sandeep Runwal, President, NAREDCO-Maharashtra and Managing Director, Runwal Group, said, “We welcome BDA and CMDWA, 2 very strong developers associations to the NAREDCO organisation. We are honoured by the current recognition that NAREDCO is receiving among the developers.”

Over 750 combined membership strength of both BDA & CMDWA largely consisting of developers who work under DCR 33-7, 33-5 & 33-9 on cessed and non-cessed buildings including MHADA and estate lease hold lands have come together with NAREDCO, the combined strength of NAREDCO Maharashtra would now be 4000+ Developers to create the strongest and the most trusted developers governing body in the MMR region.

Speaking on the collaboration, Founder and Vice President, BDA, Harrish Kumar Jain said, “We are extremely delighted to associate with the most trusted entity in the real estate fraternity. With the same zeal and confidence, we ensure to build a platform that would create a win-win situation for both developer bodies and the potential homebuyers across the state.”

CMDWA under its Founder President Dharmesh Chheda claims credit for obtaining various restraining orders from Bombay High Court to protect interests of landlords and tenants in the matters of Heritage, Tenure on leasehold lands and also challenging the LUC matter pending in the Hon. Supreme Court and says that “coming under the aegis of NAREDCO will be highly fruitful for redevelopment of dilapidated cessed buildings in particular”.

Rajan Bandelkar, National President, NAREDCO said “The United affiliation with NAREDCO and its newly appointed committee will take up issues affecting every developer like  levy of GST on redevelopment of tenant flats, Input Tax Credit in GST, MOFA, Environment, Streamlining issues at MCGM, Urban Development and Revenue Department, premium reduction, cluster redevelopment on MHADA and lease hold lands (ESTATE), Defence lands at Central level and help resolve them with a sense of fairness to make it a win win for citizens, authorities/ govt and the small redevelopers”.

“The National Real Estate Development Council (Naredco) has always strived to be the collective force influencing and shaping the real estate industry. And by welcoming the other two developers’ association it has proven to be an uninvolved and effortless entity,” said Abhay Chandak, Secretary, NAREDCO Maharashtra.

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