Indian real estate has often been blamed for a lack of professionalism and global competitiveness. The issue assumes even more significance today, in an emerging global economy, with India is poised to emerge as one of the most investment-worthy markets in the world.
NRI remittances are increasing significantly but money is not necessarily pouring into real estate any more. The buyers within the country are today well-travelled and globally exposed, expecting what they have seen in global cities, in the projects they wish to buy their homes in. However, the gaps are still huge and hence, the sector struggles to live up to the expectations of discerning buyers.
India remains an attractive market on paper but in the last few years, investors have been wary that the market that has not been in sync with global realities, in the adoption of best practices. Can Indian real estate bridge the gap between promise and performance? Can the Indian residential market attract as much investment, as commercial real estate? Will the global funds trust the Indian residential real estate segment? There are more questions than ever and it is time for some answers over the business of real estate.
In this backdrop, it is imperative to ask to what extent is Indian real estate globally competitive. Housing.com News and Track2Realty will take this dialogue further, with some of the most credible industry stakeholders, in a roundtable discussion on June 19, 2019, at Housing.com’s headquarters, in Gurugram.
This discussion will be co-moderated by Jhumur Ghosh, editor-in-chief of Housing.com News and Ravi Sinha, CEO of Track2Realty. 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 and investment services at Colliers International India; Jagadish Nangineni, regional director, Delhi NCR, Sobha Ltd; 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 and performance with product deficiency.
- Creating global and local benchmarks, when funding is the biggest roadblock.
- Addressing investors’ and home buyers’ concerns.
- Standardisation of product and processes.
- Roadmap for a future-ready, globally competitive real estate market.