News Point: The leading industry stakeholders are part of the panel discussion to deliberate upon the gaps in promise & performance, and how to make Indian real estate globally competitive.
The Indian real estate has often been blamed for the lack of professionalism and global competitiveness. The issue assumes even more significance today in the emerging global economy as India is poised to emerge as one of the most investment worthy markets of the world.
Irony is that while the NRI remittances are also increasing significantly, money is not pouring into the real estate any more. Even the buyers at home are today well-travelled and globally exposed, expecting the best of what they have seen in the global cities. Unfortunately, the gaps are huge and hence the sector struggles to live up to the expectations of the discerning buyers.
India continues to be the most attractive market on paper; in reality the investors are wary of a market that has not been in sync with the global realities in the adoption of best practices. Investments are not seen as safe anymore.
Can Indian real estate bridge the gap between the promise and the performance? Can Indian residential market attract as much investment as its commercial real estate? Will the global funds trust the Indian residential real estate? There are more questions than ever and it is time to settle these question marks over the business of real estate.
It is in this backdrop that it is imperative to ask as to what extent the Indian real estate is globally competitive. Track2Realty and Housing.com News is to take this dialogue further with some of the most credible industry stakeholders in a roundtable discussion on July 19, 2019, at the Housing.com HQ in Gurgaon.
This discussion will be co-moderated by Ravi Sinha, CEO, Track2Realty and Jhumur Ghosh, Editor-In-Chief, Housing.com News, and the panellists will be Amit Modi, Director, ABA Corp and VP, CREDAI Western UP; Anand Narayanan, COO, Puravankara Ltd; Gagan Randev, National Director, Capital Markets & Investment Services at Colliers International India; Jagdish Nangineni, Regional Director, Delhi NCR, Sobha Ltd; Mani Rangarajan, Group COO-Housing.com, Proptiger.com and Makaan.com; Nikhil Hawelia, MD, Hawelia Group; Nimish Gupta FRICS – MD, South Asia – RICS; Prasoon Chauhan, CEO, ATS Homekraft and Sanjay Srivastava, Business head – Mahindra World City Jaipur and Director ORIGINS Ahmedabad.
This powerhouse panel will deliberate on several points including:
Global competitiveness of Indian real estate
The grey areas and ways to address it
Gaps in promise & performance with product deficiency
Creating global and local benchmarks when funding is its biggest roadblock
Addressing investors’ concerns & home buyers’ concerns
Standardisation of product & processes
Roadmap for future ready globally competitive real estate market
Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless.
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