NAR-India Convention in Mumbai Closes ₹3,000 Crore Deals

Mumbai, March 2026: The NAR-India National Convention, held in Mumbai, has emerged as a significant milestone for India’s real estate brokerage sector. With active business deals crossing ₹3,000 crore and participation from more than 1,800 delegates, the event demonstrated the growing maturity and commercial potential of an organised brokerage ecosystem in the country.

Far from being a routine industry gathering, the convention delivered concrete business outcomes. Structured B2B meetings, project showcases, and focused investment discussions created an environment where deals could be initiated and progressed efficiently. This result-oriented format injected fresh momentum into the sector at a time when transparency and professionalism are becoming increasingly important.

The presence of major corporate groups including Reliance Industries, Tata Group, and Aditya Birla Group highlighted the rising interest of institutional players in a well-regulated and transparent real estate brokerage network. Their participation signalled that organised brokerage is no longer a peripheral activity but a critical component of India’s evolving real estate landscape.

Thought leadership sessions added depth to the proceedings. Veteran industry leader Niranjan Hiranandani stressed the importance of collaboration as the foundation for sustainable growth. Chandresh Vithlani, in his address, observed, “This event reflects a clear shift towards a more structured and professional brokerage ecosystem.”

The convention also marked the formal introduction of NAR-India’s new leadership team. Chairman Sumanth Reddy emphasised the changing dynamics of the industry, stating, “Deep collaboration is becoming the foundation for faster deal flow and trust.” President-Elect Ashish Mehta reinforced this vision, adding, “We have built not just an event, but a platform that will continuously drive opportunities and growth.”

Looking ahead, the newly appointed team has outlined ambitious plans to accelerate the formalisation of the real estate brokerage sector. Key initiatives include the proposed ‘One India, One License’ framework aimed at standardising practices across the country and the development of a robust digital transaction platform. These steps are expected to bring greater transparency, efficiency, and trust into real estate transactions.

The success of the Mumbai convention has reinforced NAR-India’s role as a catalyst for positive change in the industry. By bringing together brokers, developers, investors, and corporate stakeholders under one roof, the event created meaningful connections that are likely to translate into long-term business relationships and sector-wide progress.

As India’s real estate market continues to expand, the need for a professional, technology-enabled, and ethically grounded brokerage community has never been greater. The NAR-India National Convention has shown that when stakeholders come together with a shared vision, tangible results follow.

With its renewed leadership and clear roadmap, NAR-India appears well-positioned to play a pivotal role in shaping the future of real estate brokerage in India — driving formalisation, fostering collaboration, and building a more trusted ecosystem for buyers, sellers, and investors alike.