The National Real Estate Development Council (NAREDCO) on October 5 said that it has signed a Memorandum of Understanding (MoU) with the Fire and Security Association of India (FSAI) to collaborate on improving fire safety, life safety, and security standards in India's real estate sector.

The partnership aims to foster the exchange of knowledge, expertise, and technical advancements in fire protection, life safety, and security systems for the benefit of real estate stakeholders across the country, NAREDCO said in a statement.

“The MoU with FSAI establishes a more integrated approach to real estate development in Delhi. The combined efforts of both organizations will enhance building safety, streamline regulations, and promote sustainable practices in India’s urban growth,” said G Hari Babu, National President of NAREDCO.

As per the statement, the primary objectives of the MoU are to facilitate knowledge sharing between NAREDCO and FSAI, particularly concerning technological advancements in fire safety, life safety, and security systems.

Additionally, the organizations will conduct joint programs such as workshops, seminars, and conferences to educate their members on best practices and new developments in safety standards.