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Real Estate Investment Summit Explores Emerging Trends

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Real Estate Investment Summit Explores Emerging Trends

Real Estate Investment Summit held by VC Circle in Mumbai discussed the scope of affordable housing, emerging trends and the need for a single window clearance system among others for the progress of the sector

VC Circle organised the Real Estate Investment Summit in Mumbai to address the challenges and discuss the scope of emerging opportunities. This was VC Circle’s maiden edition of the summit in Mumbai.

The opening session was addressed by Shalil Gupta who is the chief business officer of Mosaic Digital.  He observed that the real estate sector has gone through tremendous changes. Mosaic Digital is India’s leading digital products company that caters to the growing needs of investors, entrepreneurs, enterprise and emerging tech companies, and startups etc. according to Shahil Gupta, the real estate sector was pegged at around $4 billion in 2018. Of that, 60 percent of the investment was diverted towards commercial real estate segment. the next few years would be highly favourable for the sector as growth is expected to be multi-fold. Ankur Gupta, Managing Director of Brookfield Asset Management said that capital flows into the real estate sector had stopped before 2005. Gupta emphasized that companies can get rid of the debt cycle if they have the right kind of capital. Local sponsors play a vital role for industry to prosper.

There were also panel discussions with panellists like Murali M, Chairman and Managing Director at Shriram Properties Ltd; Sharad Gohil, Managing Director at IndoSpace Capital; Jay Gandhi, Partner at law firm Shardul Amarchand Mangaldas; and Girish Singhi, Principal at Godrej Fund Management participating at the event. Swet Sarika of VC Circle was in charge of moderating the discussion. The first panel discussed mapping the investment opportunity in the real estate. Murali M of Shriram Properties said that housing (and real estate) is going to be the key engine for growth.

The demand for housing will remain alive for the next 30 years. But unfortunately, the greed of the developers and the number of people in the supply chain are proving detrimental for the market. Godrej’s Girish Singhi said that price bracket, construction, design, and the right capital and duration are the main areas that demand attention as far as developers are concerned. Sharad Gohil firmly believes that grade A spaces. MNCs are interested in partnering with developers who offer end-to-end solutions. It is critical that legal requirements and land titles are processed at a greater speed.  

The second panel saw the participation of members like Kartik Iyer, CFO at Table Space Technologies; Kapil Khandelwal, Managing Partner at Toro Finserve LLP; Balaji Rao, Managing Partner at Axis Real Estate; and Amit Thakkar of Indiabulls Asset Management Company Ltd. VCCircle’s Beena Parmar was moderating the session. Amit Thakkar expressed his optimism about the Modi 2.0 era that will bring significant changes in the sector. Kartik Iyer pointed out that proper implementation of title insurance policies will play a huge role in the development of the sector.

The third panel consisted of Rohitashwar Poddar of Poddar Housing & Development Ltd, Rajesh Krishnan of Brick Eagle Group, Anand Narayanan KB of Puravankara Ltd and Vipul Roongta of HDFC Capital Advisors Ltd. Nisus Finance’s Amit Goenka presided the panel discussion. HDFC’s Roongta said that simply reducing the size of the houses cannot be claimed as affordable housing.  Poddar said that 90 percent of the population in Mumbai don’t own a house which has compelled developers to supply affordable housing. Roongta also suggested special zones for affordable housing.

The fourth panel consisted of panellists like Sameer Nayar, founder and CEO of Build Supply; Tanuj Shori, co-founder and CEO of Square Yards; and Tushar S. Vagal, IT head at L&T Realty. VCCircle’s Bruhadeeswaran R was moderating the panel. The topic of discussion was the role of technology in reducing the role of a traditional offline broker to a concierge player.

The fifth and final panel members Amit Ramani of Awfis Space Solutions Pvt Ltd, Priyanka Gera of OxfordCaps, Ankit Samadariya of The Hive and Kunal Mehra of Table Space Technologies discussed the emerging themes in the real estate sector.

 

Source: VC Circle

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