Property Expos have become a significant platform for builders to showcase their properties and for the buyers to explore all the options under one roof. This has really become the preferred option as it saves the buyers the trouble of visiting a number of properties.
If you are serious about buying a property then we suggest you preplan certain things. Do a thorough research about desired micro-markets, amenities, location, budget and specific requirements along with the developer’s reputation and past projects. This will greatly help you to shortlist your choices and make the right decision.
Mayur Shah, president, CREDAI-MCHI said, “The aim of organising the expo is to get the fence sitters back into the market and create an upward movement. The festive season, which has just concluded, proved to be lucrative for a majority of the developers. Hence, we believe this exhibition will further entice the demand”.
Any aspiring buyer should consider all the options before making the final decision. Doing market research on your part won’t hurt and give you a better idea of the present market scenario. Buyers often over-commit on their home loans however it is wise to realistically project your present earnings and future earning potential. It is always better to buy a home within one’s means and later upgrade to a bigger home.
“It is crucial to ensure that the project is registered with RERA. If the exhibition is in an area where RERA is not yet operational, they should ask to see all the important documentation pertaining to the project and property, such as commencement and occupation certificates, environmental clearance certificates, etc. If these are not immediately available at the exhibition, buyers can request for them to be mailed to them. Finally, it is highly advisable not to make a final purchase decision without consulting with an independent and a reputed real estate expert”, added Anuj Puri, chairman, ANAROCK Property Consultants.
While you are at the expo, make sure you glance through all the booths and identify your preferred properties; first move to your shortlisted projects/developers without wasting time; enquire about the proposed civic infrastructure that is coming up near the projects and timelines for the same; also look at the finance options, bank loan tie-ups, etc. associated with the project; lastly understand and factor in the tax benefits for first-time home buyers: deduction on interest paid for the loan, deduction on principal repayments and deduction on stamp duty and registration charges.
Nayan Shah, president elect, CREDAI-MCHI said, “The government has taken all the right steps in providing the robust infrastructural framework. On our part, we are ensuring that only reputed developers stay in the market and operate. And with this being one of the biggest and first exhibitions post RERA, our hopes are quite high”.
“The developers are adhering to the guidelines set by the government and hence, the potential homebuyers are convinced that they are here not to be cheated. The aim of the exhibition is to get all the developers and home-buyers on one platform”, stated Boman Irani vice-president, CREDAI-MCHI
CREDAI CONCLAVE- 2018
Established in 1999, the Confederation of Real Estate Developers’ Associations of India (CREDAI) is the preferred platform for National discourse on Housing and Habitat. With a strength of more than 11,940 members, CREDAI today spreads across 23 state and 189 city chapters.
A voluntary code of conduct presides over the all of the proactive members of CREDAI to bring out ethical practices and self-governance to maintain integrity & transparency in the realty sector.
The three flagship annual events of CREDAI are Conclave, Natcon and New India Summit. CREDAI Conclave is an annual national conference, which aims to bring together 1000+ developer members that are the giants of the realty sector, in order to help the industry stakeholders to understand and work out a brighter future for the real estate sector.
The Conclave for the year 2018 brings a new theme of- Real Estate 2.0: Embracing Change. This evident theme underlines the belief of CREDAI that with change, also arrives with an equal chance of growth and sustainable development in the Country. For an unprecedented growth, the never before regulations have been enforced, according to the CREDAI, the RERA, Demonetization and the tax regime of GST together present an opportunity to rewrite rules of the game for their businesses.
The two day Conclave event initiated from 14th March to 15th of March 2018. The event initiated with the executive committee-governing council, a meeting of the highest decision making body of CREDAI presided by The Chairman, President, President Elect, Vice President, other office bearers, the Presidents of 23 CREDAI state chapters and the Chairmen of committees.
Following the inaugural session by the dignitaries was the lamp lighting ceremony, initiating the felicitation of the chief guest and the guest of honour. Next in his addressing, Getamber Anand- Chaiman CREDAI said, “In the next two days, we will be deliberate on how to restructure our organization and how to build our army. We will learn together, walk together and win together”.
The CREDAI President, Jaxay Shah said, “CREDAI has upgraded skills for more than 1 Lac workers. Talking about the three demands from the sector, he asked the government to solve the issuing of land for the start-ups in real estate. Also he asked the government to bring an amendment for the interest of the consumer in the tier-2 and tier-3 cities in the MIG section. Finally he proposes the government to make a classification system for the metro cities with the tier 2 and tier-3 cities”.
The audio-visual representation after the addressing depicted the CREDAI’s role in promoting Skilling, CCCM, and Affordable Housing & Education. The major addressing by the Guest of Honour Shri Santosh Gangwar, Hon’ble Minister of Labour and Employment was scheduled at 3 pm on first day. He said, “We thank CREDAI for raising concerns that are negatively impacting the real estate sector. The parliament promises to work together with the developers to resolve these issues and work towards building a new India”. It was followed by the Chief Guest Address, Shri Hardeep Singh Puri, Hon’ble Minister of Housing and Urban Affairs.
The second day of the Conclave started off with the welcome address and felicitation of Chief Guest by Mr. Jaxay Shah. It was followed by the keynote address by Shri M. Venkaiah Naidu, Hon’ble Vice President of India. In which he emphasised on the importance of the discipline in public life. According to him, after the slowdown, the market has started to show the signs of revival. He expresses hopes in the implementation of the rigorous regulations like RERA and GST, as they were aimed to strengthen the market by introducing transparency and confidence among the consumers. The GST rate has been lowered from 12 percent to 8 percent in the affordable housing segment.
Next was the session by the Motivational Speaker, Shri Devdutt Pattanaik. He said, “Knowledge in India has always been transferred through stories, and every story is a vessel. It has a central idea which can be applied in business and day to day life”.
Next was the keynote session by Ramesh Nair, CEO & Country Head, JLL India on professionalizing Indian real estate. According to him, “Integrity over image, character over charisma is how we need to build brands and become solution providers and not just product providers. Affordable housing will lead to a lot more collaborations between small and large developers”. The announcement and presentation of social media awards by the president of CREDAI followed this session.
To make the industry more organized and progressive, the CREDAI has worked hard with government representatives, investors, finance companies, policy makers, consumers and real estate professionals. Proposing to bring out the best practices taken up by the states and provide the relevant international knowledge on these matters to the public and the government, CREDAI is in constant efforts to enhance the efficiency and the economy of the country.
Hacker Connect: Connecting For The Future Of Real Estate
Hacker Connect is here to share insights into the future of real estate technology, bringing together hundreds of real estate technology professionals at one platform. This day-long event on Monday, January 22- 2018, in New York City at the Marriott Marquis Hotel, Times Square has been planned by and for the real estate technology community.
The event will be kicking off with the speeches by moderators Adi Pavlovic (director of KW Labs, Keller Williams) and Katie Ragusa (vice president of product, Tribus), in which they will share their top ten trends for the coming year.
Hacker Connect is a unique concept with an agenda organised by the Hacker Connect Advisory Committee (HCAC). It will be the day of an opportunity where discussion and debates will be collaborated to define real estate’s most crucial technology topics. One of the main highlights will be the keynote address on “Internet of things: What is next?”, delivered by scientist, musician and inventor Dr. Kate Stone. This event will see a large crowd from all the aspects of real estate sector.
The participation is hoping to see more than 500 engineers, designers, developers, database architects, webmasters and product managers from across the country for a deep real estate technology dive. Outlined to be an efficient and fruitful day for the tech-savvies from the real estate sector, Hacker Connect will see various exciting activities such as connecting with peers, discovering innovative breakthroughs, building partnerships, tackling thorny tech issues and collaborating during special hands-on keyboard sessions.
A list of various technology subjects will see a detailed discussion during the event, gradually gaining importance over the real estate sector, one of these issues is open source projects. These projects are open sourced, turning out be powerful coded, and are mainly open to public viewing and modification. A very viable product that will be open to discussion in the world of real estate sector.
Data security, ownership and privacy being one of the topics discussed, and also among the fastest growing tech issues. Data processing is an all-time function and recent estimates shows that approx. 90% of the data in the world today has been created over the last two years alone. With this explosion of the data science field, by everyday people, through posts on social media, emails, and instant messages, arises the question of ownership’s and access to this data, is becoming relevant. Integration and adoption in the field of technology with instant offers, virtual showings and closings will also be open to discussion in the event.
Hacker Connect will be a rare opportunity to build bonds and grow connections across companies and organizations, innovations, breakthroughs, and discovering new opportunities through collaboration forums on tech adoption, building vs. buying and best practices. Whether it be valuable lectures from the industry leaders on API, bots, user experience and blockchain, or combatting cybercrime in the recruitment efforts, everything will be involved for the enhancement of the real estate sector.
This event will be followed by a networking event; all the Hacker Connect attendees will be joining the New Bacon Networking Event. Based on the concept of ‘Data is the New Bacon’, this unique networking event will allow all the attendees to connect with each other while feasting upon the bacon forward snacks and craft beers at BarBacon, the wildly popular Bacon themed gastropub in NYC. All the attendees will be provided by a Link to RSVP in their respective Hacker Connect confirmation email.
UAE-INDIA At The Smart Summit Of Realty
The bigger picture got SMARTER, as Indian real estate sector transcended nations, taking the investment avenues to the world stage. The Confederation of Real Estate Developers’ Associations of India (CREDAI) held its first international exhibition of Indian properties in Dubai. This Indian Property Show became the platform where the affluent NRI’s in UAE were showcased the prime Indian properties. The show catered to the dreams of the NRIs, about 2.6 million of them, to own a property back in India.
This internationally acclaimed Indian Property Show turned out to be the largest Indian property exhibition, held on 7th, 8th & 9th of December 2017, at the Dubai World Trade Centre. The NRI communities mainly consisted of investors, the prime audience for Expo, as recently the new initiatives taken in the market have successfully captivated their interest. Being the uncapped market, the NRI investing sector has now become the foremost objective. The government and the CREDAI has taken some path-breaking initiatives in order to introduce the Indian real estate sector to the international investors.
As the investment in India, by Dubai NRIs’ is reaching USD 100 billion by 2020, turning out to be a positive sign for Indian developers. The recent government reforms like GST, RERA have brought a sense of accountability and complete transparency. These steps have revived the trust in the NRI consumers as they have started taking interest in the Indian real estate. Hence every Indian developer made the best use of this opportunity and showcased their best.
The major intention of the EXPO was to introduce the buyers to the latest trends of market, its policies and dynamics. The Indian Property Show joined hands with the CREDAI’s Smart India Realty Summit, providing a boost and helping NRIs to make informed decisions for their property purchases. Hence devising a smart strategy based summit, where one-on-one meetings, seminars and networking events were held, thus changing the face of the Indian real estate forever.
The first one-on-one meeting, kick-starting the summit, was the Foreign Institutional Investment (FII) MEET. Where the investors met at a round-table conference to facilitate the business deals and closure. Followed by a PROJECT HANDBOOK LAUNCH, which provided information to FIIs, fund managers, High Net-worth Individuals (HNI) and foreign investors in desired format. Also the top projects of the 50 participating developers were featured in the Handbook. The participation fees of this event being Rs. 3 Lakh plus taxes.
The investment industry experts explored the possibilities in External Commercial Borrowing (ECB), Investment potential of Real Estate Investment Trusts (REIT), opportunities in affordable housing and international realty market. This event shaped out as an exclusive knowledge sharing in various Seminars and Conferences at the Expo. The participation costed Rs. 7500 plus taxes.
One of the highlights of the event was UAE CHANNEL PARTNERS MEET, where the developers from both the countries met one-on-one and explored the investment avenues of property sales in international market.
To celebrate the excellence of the real estate in India and UAE, an award show was also hosted at the event. The elite audience mainly consisted of the conference participants like the Developers, High Net-Worth Individuals, Foreign Institutional Investors, Fund Managers, Architects, Contractors and Bankers.
A special event showcased the opportunities for mega initiatives taken by the government, in the various regions, was also held. This FOCUSED REGION SHOWCASE included the smart cities, economic regions, free trade zones and cluster development projects, to pitch the high net worth individuals from India for investment. On the completion, this unique show gave assurance of a bright future for this franchise, bringing out the best of the Indian real estate.
CREDAI CONCLAVE- 2018
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