National Association Realtors of India (NARI) on Tuesday, 19th Sep'07, joined hands with International Real Property Foundation (IRPF) to organise and set global standards of practice and excellence among the realty brokers.

"The basic intention of NARI and its association is to improve the image and credibility of the real estate brokers in the country," NARI Chairman P S N Rao told reporters here.

NARI and US-based IRPF signed an agreement for assistance of technical expertise and other guidance to the domestic body.

With over one lakh unorganised real estate brokers in the country, NARI aims to be the apex body of the agents in India.

"We want to bring all the realty agents under one single umbrella in next five years and position the organisation as a credible voice of Indian real estate brokers," Rao added.

National Housing Bank Chairman and Managing Director S Sridhar spoke on the occasion, " This is a welcome development. So far, the Indian real estate market is not as robust and systematic as others, like capital market."

He also suggested NARI to look into the valuation aspect of the real estate properties.


Source: Economic Times
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