The National Real Estate Development Council (NAREDCO), an apex real estate body that works under the patronage of the Ministry of Housing and Urban Affairs, Govt of India and NBCC (India) Limited has signed a Memorandum of Understanding (MoU) to promote the skill ecosystem and propagate the National Skill Qualification Framework (NSQF) aligned certification to the large section of uncertified construction workers primarily working on the sites of NBCC.
NBCC (India) Limited, formerly National Building Construction Corporation Limited, is a Government of India Navratna Enterprise. With operations spreading across India & Overseas, the company is organised into three market-focused segments: PMC (Project Management Consultancy), EPC (Engineering Procurement & Construction) & RE (Real Estate). NBCC is also a member of NAREDCO.
The MoU aims to enhance the industry acceptability of skill certifications and recognise eligible uncertified construction workers as per NSQF standards recognised by NCVET for the Real Estate sector.
Shri Rajan N Bandelkar, President, of NAREDCO, stated, "The MoU with NBCC is a step towards recognising the importance of skill development in the real estate sector. The collaboration will promote a skilled workforce, which will be beneficial for the industry."
Debasis Satapathy, GM-HR, NBCC, said, "NBCC is committed to promoting skill development and creating a skilled workforce. We are pleased to collaborate with NAREDCO in this endeavour, and we hope to make a significant contribution to the real estate sector through our joint efforts."
As per the MoU, NAREDCO shall promote the initiatives and contribution of NBCC in Skill Development and Real Estate and aim to cover 30,000 construction workers present in various sites of NBCC in India.
NAREDCO representatives further said, "NAREDCO is a leading Real Estate industry association comprising leading builders and developers of India and has a presence in almost all the States through their operational chapters. This collaboration between NAREDCO and NBCC will undoubtedly positively impact the Indian real estate sector, providing more skilled workers, and better job opportunities, and enhancing the overall industry standard."