The summit aimed to convene industry experts, thought leaders, and stakeholders to delve into the future trajectory of the real estate sector in India.
Housing.com in collaboration with The Times of India, presented the ‘Right To Excellence – Real Estate Summit’ on March 15th, 2024, at the Crowne Plaza in Gurgaon. This summit aimed to convene numerous industry luminaries, market experts, thought leaders, and stakeholders to delve into the future trajectory of the technology and real estate sector in India.
Featuring a rich line-up of insightful keynote addresses, fireside chats, and panel discussions, the summit covered diverse topics to unravel the latest innovations in housing, the surge of co-living and co-working spaces, and the future of urban planning.
Kicking off the summit was a fireside chat titled “Financial Frontiers: Exploring REA India’s Vision,” featuring Vikas Wadhawan, Chief Financial Officer of REA India & Business Head of Proptiger, and Amit Masaldan, Chief Revenue Officer of Housing.com.
Addressing the summit, Amit Masaldan, Chief Revenue Officer of Housing.com said, “As we witness the transformative power of technology in the real estate sector, it’s clear that addressing the longstanding issue of transparency is crucial. Through strategic tech adoption, we can bring greater clarity and trust to the market, empowering customers with unprecedented visibility and informed decision-making. Moreover, the integration of AI and ML holds immense potential in reshaping the customer experience. By harnessing these advanced technologies, we can redefine interactions, personalize services, and elevate satisfaction levels to new heights. In tandem with technological advancements, the evolving aspirations of the Indian consumer are reshaping the real estate landscape. As affordability increases and preferences shift towards luxury and premium properties, we’re witnessing a dynamic shift in market dynamics.”
“Furthermore, the infrastructure push and burgeoning real estate demand in emerging markets underscore the immense opportunities on the horizon. The recent trend of individuals relocating to their hometowns during the pandemic has further fueled demand in these markets, reinforcing the positive outlook for the sector. As we look ahead, the role of proptech will continue to be instrumental in driving innovation and efficiency across the industry. By embracing technology-driven solutions, we can navigate challenges, capitalize on opportunities, and sustain the momentum of growth in the real estate sector,” he added.
Vikas Wadhawan, Chief Financial Officer, REA India and Business Head, Proptiger.com said, ” The Indian Real estate sector is proliferating and with the tech adoption this can grow sustainably. From revolutionizing the search and discovery process to streamlining transactions and enhancing tech adoption in the construction life cycle, technology holds the key to unlocking new efficiencies and opportunities. With real estate’s current GDP contribution standing at 8%, there’s immense growth potential that must be harnessed. To catalyse this expansion, it’s imperative to establish additional commercial centers across India, fostering increased demand and economic activity in surrounding areas. Moreover, bolstering infrastructure connectivity around these hubs is essential to stimulate market demand and drive sustainable development.”
He further said, “Embracing automation and streamlining the transactions on the back of digital adoption is paramount to promoting transparency across the sector and instilling trust among stakeholders. As purchasing power and affordability surge, we’re witnessing a notable uptick in real estate demand in cities like Chandigarh, Lucknow, Bhopal, and Nashik, signaling promising economic growth and vitality in emerging markets. Moreover, the considerable economic growth in India as well as the heightened infrastructural connectivity of smaller cities with major commercial centers has further spurred heightened demand in emerging markets, highlighting the resilience and adaptability of the sector amidst challenging times. In navigating these transformative shifts, it’s clear that technology will serve as the linchpin for driving innovation, efficiency, and sustainability in the real estate landscape.”
Following this, Panel 1, titled “Co-living and Co-working: Redefining Spaces,” featured Nayan Raheja, Director of Raheja Developers Limited, and Shabbir Kanchwala, Principal of Global Network for Zero, discussing innovative approaches to shared living and working spaces.
The summit continued with Fireside Chat 2, “Navigating Legal Dynamics: Recent Developments in Real Estate in India,” featuring Mr. Avishkar Singhvi, Advocate at the Supreme Court, in conversation with Pankaj Doval, National Editor of The Times of India.
Panel 2, titled “Tech Trends: Innovations in Real Estate,” explored technological advancements in the industry with Ashish Kukreja, CEO of homesfy & mymagnet.io. Concluding the day’s discussions was Fireside Chat 3, “Blueprints of Tomorrow: A Dialogue with Visionary Architect,” featuring Chandrashekhar Prabhu, Urban Planner & Architect. Finally, Panel 3, focusing on “Urban Planning and Infrastructure Development,” featured Prof. Saswat Bandyopadhyay, Project Director at the Centre of Urban Planning and Policy (CUPP), CEPT Research & Development Foundation & Professor at CEPT University.
The summit also explored the pivotal role of technology in propelling real estate growth, with discussions on proptech innovations and the integration of artificial intelligence (AI) to enhance efficiency and personalization within the industry.
With an impressive line-up of speakers and thought-provoking sessions, the ‘Right to Excellence – Real Estate Summit’ promised to be a landmark event in shaping the future of the real estate sector in India.
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