New Delhi: The second edition of International Real Estate Expo (IREX) concluded in New Delhi today. IREX 2016 showcased more than 125 projects of about 35 companies from US, Canada, UK, Europe, UAE, Sri Lanka, Thailand, Australia, New Zealand etc. IREX presented investment opportunities in Residential, Commercial, Retail, Hotel & Leisure sectors. The show drew tremendous response from investors and most of the participants got on the spot bookings for their projects. The investments ranged from Rs. 1 crore onwards.
Some of the major participants at IREX 2016 included Al Marjan Island, Damac Properties and RAK Properties from UAE, Berkeley Homes and Ballymore from UK, Lennar & Compass from USA, McMillan Hathaway from Australia, Patrocolos and Korantina Homes from Cyprus, Dusit Thani from Sri Lanka, Angel Real Estate from Thailand, among others. IREX is an annual show that presents investment avenues for high net worth and wealthy individuals who intend to invest in international real estate and premium luxury properties. Indian residents are increasingly looking for good realty investment opportunities abroad. Due to the downturn in the Indian real estate market, investors are exploring new avenues to invest. As per the recent wealth report of a reputed London based firm Knight Frank, India’s high net worth individuals are heavily investing in real estate in other countries; and their numbers have grown 166% in the last 10 years.
Almost 50% of all India’s UHNWI & HNI have foreign real estate in their portfolios, which is highest in the world. Indian residents are investing in international properties for appreciation in value, end use or rental earnings. The stability of the Indian Rupee and relaxation of RBI rules that permit Indian residents to invest overseas have further created an investment climate favourable for international real estate. Australia, UAE, UK & US are the preferred destinations for Indian property buyers, according to property analysts. The US, UK and UAE are closest to the hearts of most Indians intending to acquire property abroad. With global agencies like Fitch predicting a 25% fall in property prices in the UK after Brexit, the time seems perfect for Indians looking to secure a good investment in cities of choice.
PARALLEL EVENTS: Coinciding with the event, an ‘Investment Forum’ was organized where international real estate experts presented various potential investment options and answered queries on real estate investment abroad. IREX also hosted a panel discussion on ‘Buying a home overseas’ with participation of leading international property developers, real estate, taxation and legal experts from all over India conducted by Manisha Natrajan, Executive Editor, Business & Real Estate, NDTV. As part of its industry initiative, the organisers also launched ‘IREX Business Connect’ where Indian property brokers interacted with international property developers to sell their projects in the Indian market. According to Mr. Vimal Anand, Director of IREX, “IREX is the only show of its kind in India that is held in line with prestigious international realty exhibitions held around the world that promote premium real estate investment opportunities. It offers a perfect platform for international real estate companies to tap the growing market.
The participating companies create brand awareness, exhibit their latest project offerings and do on the spot bookings through this show”. MORE FROM EXPERTS: Knight Frank India is the Knowledge Partner to IREX, 2016. Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, “Indian real estate buyers are looking for either a second home, or want a place to holiday in, or some buy because their children are studying abroad. Increasing globalization, comparable valuations overseas and investment considerations, are few factors that are driving them to buy such properties. IREX is the right platform which enables one to choose from the best international property options. It feels great to be associated as the Knowledge Partner with a platform of this kind”. Al Marjan Island is the Diamond Partner of IREX 2016, Mr. Abdullah Abdooli, Managing Director, Al Marjan Island said, “India and the UAE have been partners in Trade, Commerce and Economic development for many decades and Ras Al Khaimah, an integral constituent of the UAE has strong, cordial relations with India. Basis this long standing relationship, we have India as a focal point on our radar to solicit investments into Al Marjan Island, our crown jewel, which will be mutually beneficial and take our partnership to new, higher levels.”
Appreciating the whole endeavour of IREX, Mr. Niall McLoughlin, Senior Vice President, DAMAC Properties, the Platinum Partner of IREX 2016 said, “Indian’s are the largest buyers of real estate in Dubai as they recognized the intrinsic value of luxury real estate in a progressive city, with international standard regulations, a tax-free environment and a booming tourism industry, all just three hours flight from New Delhi. IREX is a crucially important part of our marketing activities for the year where we will showcase a broad range of luxury living experiences including palatial villas overlooking championshipstandard golf courses managed by the Trump Organization, private apartments in the Burj Area, limited edition branded developments in collaboration with global fashion brands such as Versace, FENDI and Bugatti, as well as luxury hotel apartments in key locations to capitalize on a tourism which will grow to more than 20 million visitors annually over the next five years.” Ms. Mona Jalota, Director, NRI & International Residential Services, Colliers International said, “IREX is an important platform, which brings together developers from across the globe to present exciting real estate investments to the global Indian customer.” Ms. Gauri Khan, the brand ambassador of IREX said, “The globe-trotting Indian today lives in a boundary free world, living and working in all the seven continents. Long tenures overseas, both for pleasure and work, makes holiday homes in exotic destination a way of life. I very warmly welcome the second edition of IREX, the one platform to discover high quality residences across the globe.” The next edition of the event would be held in New Delhi from 13th to 15th October, 2017. IREX is supported by National Association of Realtors (NAR) that has 1.1 million members from all over India.
IREX is organised by GMN Road Shows & Events which is part of GMN Media Pvt. Ltd, an international media company that represents several media and exhibition brands in the Indian market and organises road shows and events for its clients.
Welcome to Buildings India expo
Sustainable Infrastructure is an integral part of the smart cities mission. Driving a nation’s social and economic development, cities are the centre of resource consumption. Today, as people moving towards urban areas, cities are facing the pressure to accommodate the growing population.
According to the United Nations (UN), the global urban population surpassed the global rural population in 2007, and it predicts that 70% of the world’s population will be urban by 2050, with many cities having more than 10 million inhabitants.
As the cities expand, it is imperative to invest in smart buildings and housing to enable smart cities of the future. Smart buildings are intelligent structures that significantly save time, energy and operating cost, with the help of smart technology and materials. It is estimated that smart buildings will save up to 30 percent of water consumption, 40 percent of energy consumption, and reduce the overall building maintenance costs by 10 to 30 percent.
Key aspects of Buildings India 2017 expo
- Homes around the world to become smarter and more connected in next five years
- Connected homes give you total control on your house, with the ability to control elements in the home while you are away
- Connected-home devices include all smart appliances (washers, dryers, refrigerators, etc.), safety and security systems (internet-connected sensors, monitors, cameras, and alarm systems), and energy equipment like smart thermostats and smart lighting
- A PwC study estimates connected home market could be worth almost US$150 billion globally by 2020
- With the growing proliferation of consumer electronics connected to internet, the Internet of Things (IoT) market is expected to reach US$ 15 billion by 2020 as per research firm IDC
- Cities account for 70 percent of the world’s energy consumption and greenhouse gas emissions
- Increase in price, availability of energy resources, and their environmental impact are some of the major concerns today
- In the US alone, businesses spend about US$100 billion on energy for their offices every year
- Commercial buildings could save up to $60 billion if investments in energy efficiency were ramped up by just 1-4%, according to a study by the American Council for an Energy Efficient Economy (ACEEE).
- It is possible to convert these buildings into smart and energy efficient buildings by infusing sensors, actuators and CCTVs that sense and respond intelligently to the needs of the building occupants.
- More than 3,570 green building projects with a footprint of over 3.59 billion sq. ft. are registered with the Indian Green Building Council (IGBC), of which 789 green building projects are certified and functional
- India’s green building footprint has emerged as the second largest in the world, and can go up to 10 billion sq. ft. by 2022
- It is estimated that energy saving from green buildings is about 30 to 40 percent
- The green building industry in India will grow by 20 percent in the next three years, increasing the scope of green building materials in the country
- All types of buildings are going the green way: government, IT parks, offices, banks, residential, convention centres, airports, institutions, hotels, hospitals, factories, SEZs, townships, schools, metros, etc.
Housing for all
- The urban landscape of India is fast filling, and it is expected to reach 81 crore by 2050
- According to the 2011 Census, there is a shortage of 18.78 million houses in the country
- ‘Housing for All by 2022’ is a flagship project launched with the aim of building affordable homes for the urban poor and slum dwellers at low interest rates
- Government of India plans to construct 29.5 million houses in rural areas under ‘Housing for All’ scheme
- The Government will need to provide assistance for 10 million households by FY 2018-19 at an estimated cost of around US$ 12 billion out of which US$ 10 billion will be provided by budgetary allocation and the rest will come from borrowing through National Bank for Agriculture and Rural Development (NABARD)
- The real estate sector holds prodigious strategic economic importance in the Indian economy
- Real estate is the second largest employment generator in India after agriculture
- The Indian real estate market is expected to touch US$ 180 billion by 2020. The housing sector alone contributes 5-6 per cent to the country’s Gross Domestic Product (GDP)
- Both the central and state governments are spending about USD 5 to 6 billion annually, to develop the housing sector of India
- The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy
- Machine to machine (M2M) communication and large scale digitization are expected to provide new growth opportunities to players in the smart appliances market
- Some smart appliances are: televisions, fridges, cookers, washing machines, dishwashers, robotic vacuum cleaners, air conditioners, smart security systems, etc.
- The Indian consumer electronics and appliances market is projected to be worth $20.6 billion by 2020
- One-third of the world’s roads are still lighted by technology dating back to the 1960s
- Philips estimates that a complete switch to LED technology can generate savings of approximately €130 billion
- The Indian lighting industry will be INR 35,000 crore (US$ 5.22 billion) by 2020
- With the government’s decision to switch to LED for all public space lighting, the Indian LED industry may touch INR 21,600 crore by 2020
- Sensors and metering systems will enable the city to generate information about its own infrastructure usage and condition in coming years
Water and waste management
- It is estimated that as much as 40 to 50 per cent of the water is “lost” in the distribution system
- Smart buildings have been found to help save up to 30 percent of water usage, 40 percent of energy usage and thereby help reduce building maintenance costs by 10 to 30 percent.
- Only 31 percent of urban wastewater is treated per day at 11,787 million litres per day (MLD)
- Only 37 percent of urban sewage is treated per day at 23,277 million litres per day (MLD)
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