BWI: CII Organizes its Flagship Real Estate Conference- “Turnaround in the Downturn” An insight into the Current Real Estate Scenario

Press release from Business Wire India
Source: Confederation of Indian Industry
Thursday, September 10, 2009 07:36 PM IST (02:06 PM GMT)
Editors: General: Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Construction, Financial Analyst, Media & entertainment, Real estate, Retailers
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CII Organizes its Flagship Real Estate Conference- "Turnaround in the Downturn" An insight into the Current Real Estate Scenario


Mumbai, Maharashtra, India, Thursday, September 10, 2009 -- (Business Wire India) -- After a mega success in its previous three editions, CII is organizing the fourth edition of its flagship Real Estate Conference "Turnaround in the Downturn" -An insight into the current Real Estate Scenario, scheduled for Friday, 11 September 2009 in Mumbai.

The world economy has witnessed a paradigm shift. The impact of subprime mortgage crisis, crashing of the financial and real estate markets across economies and weak first quarter earning by most companies has led to diminishing investor activities across markets.

The Indian market has been no exception to this phenomenon. However due to strong fundamentals, a stable political scenario and continued infrastructure investments in the country, the impacts has but been lesser than other economies.

The positive signals in the first and the second quarter are unhurriedly bringing back the economy to a sustainable position and this has encouraged us to focus the conference on the experience of this Economic Downturn.

While it is still to early to talk of a full-fledged recovery from the recent market turmoil, we are definitely seeing the first green shoots of a turnabout. It is significant that even as we speak, India is seen on the international real estate front as a hedge against the global economic downturn. We, as an industry, shoulder the responsibility of nurturing the boosting this image, and to do this will require perfect consensus on the way forward - followed by concentrated and collective effort.

The sector is gaining maturity, and it will take the most mature minds we have to groom it to its highest potential. This event is nothing if not timely, and the representation of real estate professionals it features is the best. During the course of this aptly-named CII Real Estate Conference, we can definitely look forward to progressive discussions and the emergence of solutions says Anuj Puri, Chairman and Country Head, Jones Lang LaSalle Meghraj.

The conference is aimed at debating the future of the Indian real estate industry, given the present economic and financial scenario.

Objective:

-- To focus on issues, opportunities and challenges faced by the sector

-- To arrive a common consensus to drive the industry in a better and profitable manner to benefit all

Confirmed Speakers:

-- Anuj Puri, Conference Chairman & Chairman and Country Head, Jones Lang LaSalle Meghraj

-- Arun Nanda, Deputy Chairman CII Western Region, Executive Director, Mahindra & Mahindra Ltd

-- Adi Godrej, Chairman, Godrej Group

-- Niranjan Hiranandani, Managing Director, Hiranandani Constructions

-- Vikas Oberoi,Managing Director,Oberoi Constructions

-- B S Nagesh, Managing Director & CEO, Shoppers Stop

-- Anshuman Singh, Chief Executive Officer, Future Logistics

-- Dharmesh Jain, Chairman & Managing Director, Nirmal Group

-- Sandeep Runwal, Director, Runwal Group

-- Shishir Baijal, CEO, Future Capital (Kshitij)

-- Boman Irani, Chairman & Managing Director, Rustomjee

-- Sandeep Kotak, Executive Vice President, Kotak Mahindra Bank

-- Govindraj Ethiraj, Editor-in-Chief, UTVi News

-- Rajiv Sabarwal, Executive Director, Sequoia Capital

-- Chetan Shah, Director, Marathon Group

-- Lalit Kumar Jain,Chairman,Kumar Builders

-- Parry Singh, Managing Director, Red Fort Capital

-- Naresh Naik, Executive Director & Head Asset Management, Morgan Stanley Real Estate India

-- Pratap Mane, Vice President - Corporate Real Estate, India, JP Morgan

-- Manish Kalani, Managing Director, Entertainment World Developers Pvt Ltd

-- Aditya Bhargava, Managing Director, Sitq India Pvt Ltd

-- Abhijit Das, Senior Director Development - India, Hilton Hotels

-- Ramesh Jogani, CEO & MD, India Reit

-- Sanjay Dutt, CEO Business, Jones Lang LaSalle Meghraj

-- Subhash Bedi, Managing Director, Red Fort Capital

-- Ajoy Vir Kapoor, Managing Director, Saffron Advisors

-- Prakash Kalothia, CEO & MD, SUN-Apollo Real Estate Advisors Pvt Ltd

-- Ashish Raheja, Managing Director,Raheja Universal

-- Mahesh Mudda, Executive Director & CEO , New Consolidated Construction Co Ltd

-- Gulam Zia, National Director - Research & Advisory Services, Knight Frank (India) Pvt Ltd

Session highlights:

Session I - Rebooting Indian Real Estate

Due to the present economic and financial situation, the future of the Indian real estate industry is strained with challenges. Rising interest rates have impacted the credit availability to the sector, global economic conditions seem to have subdued the demand from investors and occupier's alike and the once soaring real estate values appear to be headed south.

Session II - Is it an occupiers market - What should occupiers be doing in a downturn?

What are the top ten aspects an occupier should be considering in a downturn? Our panel of industry experts will explore the issues facing their organizations and how they are coping with a change in world economics and what that means for their CRE strategy.

Session III - The direction for Demand / Supply in Indian Realty of Industrial / Retail

- Actual demand
- Huge mismatch
- Supply fallen
- Steps to counter

With the current downturn, the situation is undoubtedly not encouraging. The mismatch in demand and supply has been made worse given the current economic scenario. The cautious buyers are carefully watching the real estate markets carefully, before making any decision.

Session IV - Re-use of vacant assets

The current financial turmoil has constrained the real estate sector and largely the economy. The tenants have been upgrading themselves to newer and better grade-A locations for almost the same rentals, resulting in a creation of vacant assets.

Session V - Recovering value from real estate assets in strained market conditions

With property drastically dipping across most markets, there is a need for new capital and new investment opportunities. There is a considerable scarcity of capital in the market and property values on an average have fallen by 40% in most markets. This trend is expected to continue through 2009. Tenants are increasing seeking value from their properties and As sellers expectations decline to meet new market realties, some of the capital might start seeping back into the market.

Session VI - Affordable Housing - What is really affordable?

Affordable housing is the new differentiator in recent times. Every developer is keen to ride the tide and take vantage positions in this new trend. With rapid urbanization, one of the biggest challenges faced by the government is to provide affordable housing. The segment has attracted large scale investments from private developers as well as equity funds. Most of the real estate players have shifted their focus to mid-segment and affordable housing now, making it the need of the hour.


CONTACT DETAILS
Bijal Gala, Confederation of Indian Industry, +91 (22) 24931790 ext 449, Bijal.gala@cii.in
Prakash Boga, Confederation of Indian Industry, +91 (22) 66611692, prakash.boga@cii.in

KEYWORDS
ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, MEDIA, REAL ESTATE, RETAIL

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