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The Confederation of Indian Industry (CII) has organised a day long conclave titled “2017: The Turning Point of India Real Estate” on 7th July 2017 at Trident Hotel in Mumbai. JLL India as knowledge partner is driving the 9th CII Realty and Infrastructure Conclave, which brings together industry heads and stalwarts like Ajay Piramal, Niranjan Hiranandani and many more to decode the opportunities in the sector and the way ahead.
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Ever since the introduction of RERA, the Indian real estate sector has been in a state of flux. Developers are scrambling to determine if their designs and projects – both ongoing and planned – will meet, what are thought to be defining standards in the RERA Act. State governments themselves are still finding their feet around the various guidelines. We have already some early victims and a lot of confusion. At such a time it makes sense to step back and assess how far the Indian realty sector has actually come, where it is headed and what are the various trends and developments, RERA not withstanding, that could impact it.
The Conclave’s day long events will include a key note address, fireside chats and panel discussion on focus areas ranging from commercial and retail space, manufacturing and warehousing as well as the resurgence of the residential sector. The knowledgeable doyens will also address the return of foreign investments and interest in Indian real estate, the impact of digitisation, innovation, financial optimisation and Trump’O’Nomics on the commercial office space and how RERA will affect the already changing landscape of Indian realty.
Prime Minister Narendra Modi has a dream to house all Indian by 2020. This is a very ambitious dream which he hopes to accelerate by making it easier for Indians to access funds to buy homes through schemes like the Credit Linked Subsidy Scheme which will subsidise loans upto Rs. 12 lakhs for people earning up to Rs 18 lakhs. Then there is the Pradhan Mantri Awas Yojana (PMAY) which works in conjunction with CLSS. First time home buyers who fit the income requirement will benefit from the interest subsidies which will also reduce the EMI burden on the household.
The first REIT (Real Estate Investment Trusts) will also be launched this year to further whet the investment appetite in real estate. More real estate are developing a penchant for creating smart homes and green homes. The Indian real estate industry has never been in a more exciting phase of its growth and the industry titans at the CII conclave will aim to unveil this transformation.
PropStory is the Media Amplification Partner for the event and will bring you all the updates from the day long event. Stay tuned for more on what we have planned!