National Real Estate Development Council join hands with WAI to resolve issues faced by warehousing developers

National Real Estate Development Council (Naredco)-an apex real estate body that works under the aegis of the ministry of housing and urban affairs, Govt of India has penned down a memorandum of understanding (MoU) with the warehousing association of India (WAI) to address the construction and land-related difficulties that warehousing developers confront.

WAIs comprise developers and operators of warehouses, as well as those stakeholders that are associated with the warehousing industry.

Under the signed MoU, the two entities will resolve obstacles and issues that regulators, licensees, permits, and approvals in the development and operation of warehousing and logistics businesses have to deal with.

Moreover, they will also jointly create guidelines for ethical, efficient, and effective logistics, warehousing, and other related business practices. Furthermore, through combined seminars, webinars, and other outreach initiatives, Naredco and WAI will promote sustainability awareness.

“With the signing of this MoU we have paved the way for deep partnership and collaboration to solve the problems of construction and land-related difficulties that warehousing developers confront. Dissemination of knowledge by both bodies will bring great value and learnings to the industry. In addition, the Naredco members will make a huge contribution to the effort of standardization of warehousing infrastructure and land-related assets.”

Rajan N Bandelkar, President, Naredco

“Our signing of the MoU with Naredco, one of the premier organizations of real estate developers in India, is yet another step in WAI‘s endeavor to promote the interests of the warehousing industry in India. We aim to work with various industry leaders/organizations to achieve the goals we have set up for WAI. We are collaborating with Naredco to reveal high standards of efficient, effective, and ethical practices in the warehousing industry and this is a leap in that direction. No better time than now, with the government policies providing the tailwinds of growth. It’s all coming together well and we are looking forward to fast-track action in transforming the warehousing sector. Our collaboration will surely be fruitful for the industry.

Sunil Tyagi, Honorary Secretary, WAI

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