NAREDCO sets up committee to help builders access funds

28 Oct 2022 CW Team

The National Real Estate Development Council (NAREDCO), under the Ministry of Housing and Urban Affairs (MoHUA), has formed a National Finance Committee (NFC) at the NAREDCO 24th Annual General Meeting to give developers easy access to funds based on merit and viability of the projects.

The committee will operate as a one-stop-shop, aggregating financing options from multiple large financial institutions. Merchant bankers and Resurgent India Ltd will be actively associated with the NFC, said NAREDCO in a statement.

The NFC will also support large-scale projects to access funds via financial institutions and educate members to enhance their credit ratings. Rajan Bandelkar, national president of NAREDCO, said in a statement that NFC has been formed to help the industry and developers and infuse liquidity into the system and help the consumers too with ready-to-move-in projects.

“The establishment of NFC will help us create a pipeline of project deliveries in coming quarters and years, and also help consumers to get home loans when the need arises,” said Bandelkar.

Infrastructure Urban

16 Oct 2025

Shivraj Singh Chouhan inaugurates ICAR-IIMR admin block in Ludhiana

Union Agriculture Minister Shri Shivraj Singh Chouhan recently inaugurated the administrative building at the Indian Council of Agricultural Research – Indian Institute of Maize Research (ICAR-IIMR) in Ludhiana, Punjab. During the visit, he interacted with maize stakeholders, farmers, rural development scheme beneficiaries, and women self-help group (SHG) members. He said that under the leadership of Prime Minister Narendra Modi, the government’s key goals include boosting foodgrain production, reducing input costs, and improving farmers’ incomes. He highlighted the importance of div..

Google to Build Rs 10,000 Cr Data Centre in Visakhapatnam

In a major boost to India’s digital infrastructure, Google will establish a 1-GW hyperscale data centre and Artificial Intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The project, valued at Rs 100 billion, is expected to significantly contribute to the state’s economy and create more than 20,000 direct and indirect employment opportunities. Union Minister of State for External Affairs and Education, Dr Pemmasani Chandrasekhar, highlighted that this landmark investment by Google will help position Andhra Pradesh as a prominent digital hub under the “Swarandhra Pradesh” vision. ..

TCIL honoured with HR Excellence Award 2025

Telecommunications Consultants India Limited (TCIL), a Miniratna Schedule ‘A’ PSU under the Department of Telecommunications, has been honoured with the HR Excellence Award at the Fortune Leadership Awards 2025, held at Radisson Blu Plaza, Delhi. The accolade acknowledges TCIL’s outstanding HR practices promoting employee development, innovation, and inclusivity. The award was presented by Dr. Dinesh Upadhyay, Former Member, Ministry of AYUSH, and Shri M. S. Nethrapal, IRS, and received by Shri P. Suresh Babu, CGM (HR), in the presence of distinguished leaders from various sectors. Bet..