Realty+ Masterclass presents Real Estate Legal Conclave – 2023 brought together the legal, tax and real estate experts from various cities to deliberated on regulatory and legal frameworks BC transforming the landscape of real-estate.
The Conclave commenced with the inaugural address by Dr. Annurag Batra, Editor-in-Chief & Chairman, exchange4media Group & BusinessWorld Group sharing his thoughts said, “There are now regulatory mechanisms that are bringing in transparency in real estate enabling buyers and developers alike. RERA especially is ensuring quality and timely delivery of projects. Steps taken by the government should be appreciated as they are bringing tangible benefits to the real estate buyers.”
The first panel discussion on ESG: Progressive Opportunities & Limitations for Real Estate was moderated by Sudhir Mishra, Advocate Supreme Court of India and Founder & Managing Partner Trust Legal. Joining him for this session were Amaresh Kumar Singh, Partner - Real Estate & Dispute Resolution, HSA Advocates. Aun Abdullah, Head of ESG, Lodha. Bose Varghese - Sr. Director - ESG Practice, Cyril Amarchand Mangaldas and Shabbir Kanchwala - Chief Sustainability Officer & Senior VP- Project Coordination, K Raheja Corp. The panellist discussed the parameters for environment, social and governance across the companies that can enhance the marketability of a real estate project.
The second session deliberated on IBC: Status, Rights & Resolution for Homebuyers Under IBC. It was moderated by Aashiesh Agarwaal, Senior Vice President - Research and Investment Advisory, Capital Markets, ANAROCK Capital Advisors Pvt Ltd. The experts of this session included Dhaval Vussonji, Managing Partner, Dhaval Vussonji & Partners. Sonam Chandwani, Founder & Managing Partner, KS Legal and Associates. Orijit Chatterjee, Partner, Fox Mandal & Associates. Saurav Panda, Partner, Shardul Amarchand Mangaldas & Co and Siddharth Batra, Advocate-On-Record, Supreme Court of India, Former Additional Advocate General, Haryana. The panellists were of the view that the NCLT and Insolvency & Bankruptcy processes have a significant reach and can help to create a suitable eco-system that can streamline and fast-track the resolution.
The next panel discussion on GST: Assessing Impact of GST Laws on Real Estate was chaired by Venkateswaran TR - Partner - Price Waterhouse & Co LLP. The distinguished speakers of this session were Achal Chawla -Partner, Indirect Taxes, Ernst & Young LLP. Ajinkya Gunjan Mishra, Partner, S&R Associates. Gaurav Dasgupta, Partner, Real Estate, Corporate & Commercial, Khaitan & Co. Koshal Agarwal, Partner- Tax and Regulatory Services, BSR & Company, Parveen Mahtani, Chief Legal Officer, Mahindra Lifespace Developers Ltd and Rocky Israni, Managing Director, Pacifica Companies India. The speakers were of the view that the Goods & Services Tax was good overall but needs rationalization of slabs and tax burden on homebuyers should be reduced.
The final panel discussion on RERA- Interplay of Legal Framework & RERA Regulations led by Ajay Sharma, Managing Director, Valuation Services, Colliers India included Aruna Kumari, Senior Partner, Kochar & Co. Farid Karachiwala, Partner, JSA Advocates & Solicitors. G Vivekanand, Partner, Indus Law. Santosh Pandey, CEO, Sarthak Advocates & Solicitors and Dr Vijay Satbir Singh, Former MahaRERA Member. The experts spoke about the benefits and limitations of RERA and some of the cases where the legal procedures and RERA provisions either complemented each other or were seen in conflict.
This unique conclave imparted understanding of the critical aspects of real estate laws, policies and regulations benefitting the real estate professionals as well as the real estate buyers and investors.
Watch the Discussions at https://www.youtube.com/watch?v=Ki93u-o0HW8
