Press release from Business Wire India
Source: LegalEra
Monday, July 02, 2012 04:10 PM IST (10:40 AM GMT)
Editors: General: Consumer interest, Economy, Law & justice, People; Business: Advertising, PR & marketing, Business services, Construction, Law firms, Major diversified industrial groups, Publishing & printing, Real estate, Retailers
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LegalEra Presents India's Most Innovative Conference on "Real Estate Restructuring Laws, Project Finance and ADR Forum 2012"
Mumbai, Maharashtra, India, Monday, July 02, 2012 -- (Business Wire India) -- The LegalEra RPA forum 2012 on the theme of The Indian Real Estate Sector - Moving Forward focused on the future perspective of India's growing real estate sector resulting in enhancing of the Indian economy.
Early dawn, heavy rains flushed the city of Mumbai, but still the delegates made their best efforts to participate at LegalEra Real Estate Restructuring Laws, Project Finance and ADR Forum 2012.
The real estate market has been at the center of the economy's downturn. With the recession coming in the real estate market has collapsed and all the real estate business throughout the world turned down. To understand the challenges of today's economic conditions LegalEra, India' first Legal & Corporate Awareness Magazine organized a unique series of RPA Forum 2012 with the first to be held on 28th June'2012 at JW Marriott Mumbai.
The June gathering focused on the discussion on construction, permanent loan financing transactions and the resolution of distressed real estate loans -restructuring, refinancing and foreclosure.
The Forum was addressed to an audience looking forward to understand the future perspective of India's growing real estate sector resulting in enhancing the economy. This annual event also concentrated mainly to shrink the widening gap between, buyers and sellers, investors, real estate developers and discussed on investment and financing opportunities and the legalities helping and hampering its growth.
The forum was well attended by more than 100 delegates and 25 eminent speakers from Law firms, Real estate Industry, builders and developers became a debatable and informative forum. Also the forum revolved around topics like Land Acquisition Bill evaluating on content and intent of the bill, importance of Housing Regulatory Bill which should and must be introduced soon by state or center. The highlights of the session concluded with Right to information enforceability in fighting the opaque laws, PPP models, FDI, Project financing by banks and significance of environmental clearance in Real estate sector.
The keynote address By Sunil Mantri, Chairman, Mantri Realty, invoke the key issues on the real estate sector and laws relating to it. He discussed the predominant situations prevailing the real estate and construction sector are hampering its growth. He stressed that the policies makers should be thoughtful about the developers and the grey areas of the various real estate bills should be avoided.
Sunil Mantri, quoted "that 7 percent GDP come from Real-estate Sector which is second highest sector contributing in our growing economy. 20 percent Metros we have in our Metropolitan cities and by 2020 it will raise to 70 percent. Real estate is a fast growing sector with Rs 400 billion already engrossed and soon will attract more only if laws change, Justice should be delivered soon in less prices and government should take precautions for this sector which will benefit to all."
Also he majorly focused on Land Acquisition Bill, importance of Regulatory Bill and Land titling issue and how justice is delayed results in great losses to the developer.
The forum discussed the various case studies presentation on topics like National Housing Regulator, Dispute Resolution and Environment Laws arguing on the challenges and ways to combat hindrances, the interesting open end discussions with Q&A from the attendees made the forum live.
Being the second highest contributing sector to our economy, government has ignored Real estate sector, the session on FDI discussed the need and importance of FDI comparing the phases of the Real Estate growth from 2005 till date.
The session on Dispute Resolution with speakers like Ajay Thomas, Registrar, LCIA, Hiroo Advani, Partner, Advani & Co, Amit Jajoo, Senior Consultant, Majumdar & Partners and Yogen Vaidya, Associate Director, Ernst & Young emphasized that Arbitration is faster than Litigation. One should know the nature, reasons and appointment for choosing arbitration when disputes occur in real estate sector.
The last session by Akashdeep Jyoti, Head-Real Estate ratings, CRISIL Limited enlighten the audience about the need for amendment in the existing provisions, transparency, Regulatory Bill, disputes to address in time, law policy and regulations to undergo change.
By and large the LegalEra RPA Forum 2012 being the most innovative forum on the real estate sector was deeply enjoyed by all attendees and speakers shared their insightful thoughts. The entire day forum provided participants the opportunity to share ideas, exchange information, and interact with leaders from the corporate and legal fraternity and network with peers. All discussions became interactive from one to many and each attendee took back from this forum deep insights and an invaluable experience. We thank all the participants' whose presence itself has added value to this forum.
Our Partners
LegalEra owes special thanks to Mahindra Bhavsar & Co as the contributing partners, Builder Association of India (BAI), NAR-India, Society of Indian Law Firms as Supporting Partners and Indiamart,99acres, Tender Tiger, Think Legal, Cw Property Today, National bar India as Media partners without whom the RPA Forum 2012 would have not been successful.
About LegalEra:
Legal Era, India's first legal and corporate awareness magazine, is at the forefront of the information revolution sweeping the country. The magazine, with circulation both in India and abroad, is a rich resource of knowledge and information for legal professionals, top and senior management, academia, students, entrepreneurs, and the common man. In a short span of 3 years, Legal Era has carried articles, case studies and interviews of legal luminaries and has earned a loyal readership that enriches the readers with its comments, questions and suggestions. The corporate sector has been appreciative of our effort to keep them updated with the latest news, views and changes in the field of law.
www.legalera.in | for more details on the Forum visit www.lereal-estatelaw.com
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Real Estate Restructuring Laws, Project Finance and ADR Forum 2012
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CONTACT DETAILS
Vishal Sharma, LegalEra- Legal Media Group, +91 9967255222, vishal@legalera.in
KEYWORDS
CONSUMER, ECONOMY, LAW, PEOPLE, MARKETING, BUSINESS SERVICES, CONSTRUCTION, LAW FIRMS, GROUPS, PUBLISHING, REAL ESTATE, RETAIL
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