CII Real Estate Confluence 2019, Mumbai – Friday, 15 March
Maharashtra Real Estate: Ahead of the Curve – Refine. Reboot. Re-emerge
Date & time: Friday, 15 March 2019, 1730 hrs
Venue: Ballroom, Hotel Taj Land’s End, Bandra, Mumbai
- Inaugural Address – Gautam Chatterjee, Chairman – Maharashtra Real Estate Regulatory Authority (MahaRERA)
- Theme Address – Anuj Puri, Chairman, CII Real Estate Confluence 2019 – Chairman, ANAROCK Property Consultants
- Keynote Address – Abhishek Lodha, MD & CEO – Lodha Developers Ltd
ANAROCK Property Consultants are knowledge partners at the CII Real Estate Confluence 2019 to be held on Friday, 15 March in Mumbai.
This year’s conference theme ‘Maharashtra Real Estate: Ahead of the Curve – Refine. Reboot. Re-emerge’ is aptly chosen for the state which has been the forerunner in RERA adoption and implementation. ANAROCK, in partnership with CII, will also unveil its latest report ‘Affordable Housing: The Blue – Eyed Boy of Indian Real Estate’
Shobhit Agarwal, MD & CEO – ANAROCK Capital
As India rises to greater prominence on the world map, global corporates are more eager than ever to participate in the country’s growth story.
A GDP growth rate of 7% plus, a population base of over 1.2 billion and an urbanization rate northward of 30% are irresistible investment magnets, and real estate development remains a key focus area.
India opened its doors to FDI way back in the 2000s, and since then not only much-needed capital but also critical expertise has flowed in. No doubt, the subprime crisis of 2008 led to a decline in foreign fund inflows; however, today the situation has turned and certainly looks upbeat.
The real estate sector was among the main beneficiaries of the opening up of FDI into the country and has transformed significantly as a result. In the past few decades, it has metamorphosed from an unorganized, closely-held business to an increasingly organized and a corporatized one.
The recent structural changes including demonetization, the crackdown of Benami transactions, RERA and GST may have had short-term negative impacts, but they also encouraged the inflow of foreign funding which always reacts favourably to signs of increasing transparency,