NAREDCO launches first women wing, ‘NAREDCO MAHI’ |SURFACES REPORTER Real estate News Update

Indian Real Estate is taking major stride towards empowering women in the realty sector. In a major move, under the leadership of newly appointed President Mr. Rajan Bandelkar has launched, ‘NAREDCO MAHI’, the women’s wing of the realty body. A report by SURFACES REPORTER.

A move towards women empowerment

The newly elected body aims at empowering women entrepreneurs and encouraging participation of women in the real estate sector and allied fields. It will also strive to create an environment where women in real estate sector can come together, to share experiences, harness their skills, draw on their resources, influence, grow and bring about lasting change. NAREDCO MAHI will ensure active engagement of members with other stakeholders in the sector and work towards the development and growth of the sector, with due recognition for the contribution of women in India's real estate journey.

The activities of the newly formed wing would range from mentoring, networking and access to capital for women entrepreneurs to inspirational talks from women in real estate sector and their journeys. The NAREDCO MAHI members will have access to exclusive training programs and opportunities to sharpen their presentation and business skills along with availing great networking opportunities.

First Panel discussion

The first panel discussion NAREDCO MAHI was on 'Women in real estate sector' by the distinguished founder members where it was noted that initially NAREDCO MAHI will focus on providing access to women entrepreneurs to a world of opportunities, from direct interaction with policy makers, networking with corporate majors of Indian real estate industry and close linkages with the government.

Shri Durga Shanker Mishra, Secretary for the Union Ministry of Housing and Urban Affairs, who was also the chief guest for the launch and first panel discussion stated, “Now you are bringing a new force, this will increase your strength by two-fold.” He also said that all initiatives under the Ministry of Housing and Urban Affairs are focused on empowering women.

Talking of major changes in the Indian real estate sector, he said that the RERA Act has brought about confidence towards the sector. “There is going to be a great development in the real estate front in the country. A lot of young management professionals are now entering the sector and more women should follow suit,” Mr. Mishra said.

On the potential opportunities in the sector, he said that in the next 30 years there will be great growth of urbanization, construction and infrastructure development and there will significant requirement of skilled people, he said.

Mr. Rajan Bandelkar, President, NAREDCO India said “We would strive to mobilize women power at NAREDCO MAHI this year and garner more visibility for the organization. The initiative comes at a crucial time, as it would help more and more women entrepreneurs shed the impact of the pandemic and support economic recovery. The members of the newly-formed women arm are likely to avail unparalleled business growth.”

Ms. Tara Subramaniam, Founder President, NAREDCO MAHI said, "Better gender diversity and representation would not only unlock several opportunities for Indian women, but will also accelerate our great country's growth momentum and help achieving the target for an Atmanirbhar Bharat.” she said.

SURFACES REPORTER View

SURFACES REPORTER (SR)  and WADE ASIA - Largest Platform for Women in Architecture Design Construction in Asia recognizes and accolades the step taken by MoHUA and NAREDCO as it was one of the most awaited moves that will lead to a sure change in the gender topography of Indian real estate scenario. In India, as women are taking centerstage in every walk of life, real estate continuous to remain a men-dominated field owing to the facts that women are not properly represented in the field and lack government’s support. However, with the current move, NAREDCO  acknowledges that such moves are not just for empowering a significant part of the population, but as history shows women have always played a crucial role in every aspect of Indian society and this move only will propel it's greatness further.

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