Real Estate Agents Form New Organization

June 26, 2007	(2 votes, average: 1.5 out of 5)  Loading ...
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Real estate agents in India are largely coming forward to form a national association in an effort to bring international expertise and quality services to organize the fragmented sector. The move will also help the agents to self regulate their business.

The association will be known as the National Association of Realtors India (NARI). It would be registered as a non profit organization under the Registrar of Societies Act. To work in collaboration with US based National Association of Realtors, NARI is determined to bring revolution in Indian real estate in terms of greater transparency.

It is the way the real estate agents in India work that requires be improved, says Farook Mahmood, foundering president of NARI. Also working as a managing director of Bangalore based Silverline Realty, Mr. Mahmood further comments on the associations’ motto that would be focused on to evolve a uniform code of ethics for the members. It would also have several provisions for disciplinary actions.

Whether it is about kinds of services or charges, there are no definite standards in Indian property market. Although, there are number of regional associations formed in past years in major cities to resolve such critical issues but not up to the success, explains according to Abdur Ravoof, secretary of the association.

The Association will offer certification course which would be mandatory for all its members.  The course will contain real estate mathematics, code of conduct, and other segments shedding considerable knowledge on Indian real estate issues. The preliminary version of the course material contains 500 pages.

Real estate agents are coming together across different cities including Delhi, Mumbai, Chennai, Pune, and Hyderabad to participate in the national level association. The plan is to attract participation from ten cities by the end of first phase pf operations.

News Published Under:   Real Estate India |

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