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Published on October 29, 2022
Current Context: National Real Estate Development Council (NAREDCO) set up a NAREDCO Finance Committee (NFC) to assist large-scale developers in obtaining funds through financial institutions.
  • The NFC was formed by NAREDCO on the sidelines of the 24th Annual General Meeting (AGM) of NAREDCO, under the Ministry of Housing and Urban Affairs (MoHUA).
  • Satish Kumar has been chosen as the Chairperson of the committee.
  • Along with helping developers to get funds, the NFC will educate its members to boost their credit ratings.
  • The NFC will act as a one-stop shop with multiple financing options from various merchant bankers and financial institutions.
  • Merchant bank, Resurgent India Limited, will be actively associated with the NFC.
  • For an application, the in-principle time of approval will be 15-30 days.
  • NAREDCO is a regulatory body that was established in 1998 under MoHUA with its headquarters in New Delhi. Its current Chairperson is Rajeev Talwar.


Q.1 Who has been appointed as the Chairperson of the recently constituted NAREDCO Finance Committee (NFC)?
a. Rajeev Talwar
b. Satish Acharya
c. Laxman Tyagi
d. Rahul Kamath
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