Mumbai : ‘NAREDCO NEXTGEN’ the youth wing of National Real Estate Development Council (NAREDCO)-an apex body, formed under the aegis of the Ministry of Housing and Urban Affairs, Government of India on Friday announced the launch of three state chapters of Rajasthan, Andhra Pradesh and Telangana.
‘NAREDCO NEXTGEN INDIA’ formed under the leadership of Mr Jay Morzaria, Vraj Group to empower young entrepreneurs and encouraging participation of youth in the real estate sector and allied fields.
NEXTGEN strives to create an environment where youth in real estate sector can come together: to share experiences, harness their skills, draw on their resources, influence, grow together and bring about lasting change.
NAREDCO NEXTGEN also announced the launch of NEDEx- an idea-sharing and conversation-led platform for the industry that will focus on creating futuristic communities. It will help the industry body in implementing innovative promotion strategies too.
The NEDEx platform will help the industry in discussing and implementing innovative financial models of sales and marketing, devise new ways of advertising and branding for macro and micro-markets, and harness the potential of social and digital media.
On the occasion, NAREDCO’s youth wing NEXTGEN also signed a Memorandum of Understanding (MoUs) to bring efficiency in sales and promotion, and launch new innovative sales initiatives with industry alliances.
The MoUs will help bridge the knowledge gap in the sector through better insights and enhance the sales outreach through collaborative initiatives like quality summits, training and capacity building.
It has launched in December 2021, NEXTGEN’s objective is to attract youth to the real estate industry. Mr Rajan Bandelkar, National President of NAREDCO said that “NextGen Excelerate was aimed to bring all stakeholders of NAREDCO and innovators under one umbrella to discuss new alliances. We aim to attract more and more youth to the real estate sector and benefit from the energy and innovation that the segment can bring to the table.”
“The industry needs stronger collaboration between various stakeholders, including the development fraternity, architects and design firms, urban planners, sales aggregators, international property consultants, research firms, proptech partners, digital agencies and outdoor advertising partners.