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Report by Dipti Ranjan Kanungo, Bhubaneswar: The National Real Estate Development Council's Regional (East) office and Orissa Chapter of the council inaugurated here on Saturday by the Commissioner Cum Secretary of Housing and Urban Development Dr Arun Kumar Panda . The inauguration ceremony tookplace at Hotel May Fair Lagoon in presence of more than 200 guests from all over the country.
NAREDCO's Regional office would promote the development of real estate throught Eastern and Northern India and shall act as an interface between central government and state government , local authorities and boards on one hand and regional real estate developers ,buyers ,financial instituations,banks, real estate agents on the other hand . It will also help in promoting the concepts of 'affordable housing' and 'sustainable development' in this region.Newly appointed Vice President of the Regional office (East) Mr Anup Mohapatra a renowned real estate czar from the state.
The Regional office at Bhubaneswar has just been inaugurated and rest of the regional offices will be established during remaining months of the first quarter of 2010.
Orissa Chapter of NAREDCO is jointly formed by the state government and the private sector enterprises involved in various facets of real estate development and operate at Orissa state. level as governed by NAREDCO constitution. The Chief Minister of the state would be the chief Patron and Secretaries of Ministries like Urban Development , Housing, LSG, and Finance would be the members of the Governing council of this state chapter. Housing Board, Development Authorities and other state bodies involved in housing and real estate development would also be the members along with real estate developers , housing finance institutions and brokerage firms working in Orissa.
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