PUNE REAL ESTATE : THE POWERHOUSE OF TALENT & AMBITION
The 14th edition of Realty+ Conclave & Excellence Awards– 2023 was a much anticipated real estate event in the city that once again brought together the big-wigs of the real-estate industry for conversations and felicitations on March 3, 2023 at Hotel Hyatt Regency. The event was Co-Powered by Tikidan and organized in association with Real Rich. The Conclave Partner was VTP Realty. The Associate Partner was Goel Ganga Group. The Event was Co-Partnered by Constra by HUVIAiR, Stallion Universal and Estatemint. The Event Associate was Victora and the Technology Partner, PropVR. The inaugural address by India’s Media Moghul Dr. Annurag Batra, Editor-in-Chief & Chairman, exchange4media & Business World Media Group expressed positivity for the real estate sector. He said this event has not only brought together the bright minds, thought leaders, doers and the entrepreneurs of the Pune realty eco-system on one stage but these awards have also set higher benchmarks for the Pune real-estate players. He stated, “The Pune real estate market continues to grow because it has genuine buyers and users. And this similar trend is emerging in other cities as well where serious developers as well as buyers are in the market. This bodes well for the industry and real estate being a prominent pillar of the Indian economy will play a critical role in its reaching $5 Trillion economy.” The motivating start of the day was followed by an informative Keynote Address by Neeraj Bansal, Co-Head & COO – India Global, KPMG In India who shared his thoughts on the global real-estate sector, the growing momentum of India’s real estate sector and the trends and challenges. He said, “The age group between 35- 55 years which is perceived to have higher disposable incomes is the segment which will generate a very strong demand for real estate in the country from residential to commercial segment as well.” THE INSIGHTFUL DEBATES The conclave began with the first panel discussion on Pune Housing Opportunities: Affordable to Luxury and it was moderated by Aditi Watve, President- Pune, Anarock. The panellists of this session were Anuranjan Mohnot, CEO & Managing Director, Gruhas & Lumos Alternate Investment Advisors, JK Bhosale, COO, Amanora, Neeraj Bansal, Co-Head & COO – India Global, KPMG In India, Maneesh Yadav, CEO & Managing Director ASK Financial Holdings Ltd and Rohit Gera, Managing Director, Gera Developments Pvt. Ltd. They spoke about the need for the government to look at proper city planning schemes, easy interest rate environment for both developers and the home buyers, and more conducive approval structures and tax regulations. The industry needs to innovate, adopt new technologies and materials and more importantly has to bring radical changes to sterr towards sustainable growth in the future. The second session on Pune Commercial Realty: The Demand Drivers was moderated by Divya Guleria, Senior Director A&T and Head - Office Services Pune, CBRE. The speakers of this session were Hrishikesh Manjrekar, Executive Director, Amar Builders. Pratik Agarwal, Chief Business Officer Smartworks. Prasanth Gopinath, Director-Commercial - Kohinoor Group Pune. Ruchika Choudaha, Senior Director and Head, Office Services, Pune, Colliers and Siddhivinayak Garje - Sr. Associate Director, Business Space Advisory, Stallion Universal. They said the demand for real-estate developments in Pune looks very promising and positive for now. The city’s thriving IT sector has attracted a large number of young professionals that is the major demand driver for residential properties in the city. The residential market continues to be strong, particularly in areas near IT parks and other commercial hubs. In addition, rising demand for co-working spaces has provided much-needed impetus to the commercial real estate sector in Pune. The next session deliberated on New Funding Avenues: Construction & Land Finance. It was chaired by Piyush Gupta, Managing Director - Capital Markets and Investment Services India-Colliers. Joining him on the panel were Puneet Bhatia, Senior Director, ICICI Venture Funds Management Company Limited, Sachin Bhandari, Executive Director, VTP Realty Shailesh Puranik, Chairman Managing Director, Puranik Builders Pvt Ltd and Sushant Shetty, Partner, Fox Mandal & Associates LLP. The panellist spoke about the financing and funding options available for the land, the construction and for distressed projects. The financiers concurred that more flexible funding options are required for the timely completion of projects. It is important for developers to have professionalism, transparency and good delivery track record to secure funding. There is a scarcity of good projects for financing. Real estate is a capital-intensive industry that needs patient money. More options are needed to make business more financially available. The final panel discussion of the day on Real Estate Sales & Marketing: What’s New in 2023 was moderated by Asha Singh, Chief Marketing officer, 360 Realtors. The esteemed panelist of this session were Rohan Shah - Co-Founder - Realatte Ventures LLP, Govind Rai, Co-Founder & MD – Insomniacs, Arvind Jain, Managing Director, Pride Group, and Srinath Kandala - Co-Founder – PropVR. They were of the view that it is extremely important in today’s times to have an effective digital marketing strategy to ensure that real-estate developers are able to generate right leads, create reputable database of customers who know and trust them, and ultimately increase sales through targeted efforts and follow-up strategies. The contribution of CPs will stabilise and will increase. With the advent of the technology now collaboration is the word while, technology will bring all stakeholders together. The conclave concluded with a Fireside Chat on Innovation in Construction: Technology, Processes & Design. It was conducted by Pallavi Ganesh Matkari, Chief Design and Sustainability Officer, Runwal Group and other speakers. Himanshu Agrawal, President, Tiki Tar Danosa India Pvt. Ltd. Prashant Deshmukh, Principal Architect, Prashant Deshmukh Projects and Varshit Maheshwari, Senior Product Expert - CONSTRA by HUVIAiR. The panellists spoke about innovation, technology and new design processes in construction. They said India needs proper building codes that are in sync with the changing times, technologies and materials. Without innovation, the construction industry will not really progress. It is required to speed up processes in construction and generate solutions that help solve the needs of the end users. 14TH REALTY+ EXCELLENCE AWARDS 2023 - PUNE As the biggest celebration of Pune’s real estate, the 14th Realty+ Excellence Awards 2023 - Pune recognised the outstanding work across a wide range of segments of the real estate at organization and individual level. The winners were adjudged by a select jury of influential leaders and experts from various fields of real estate.
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