THE SOUTHERN EXTRAVAGANZA

THE SOUTHERN EXTRAVAGANZA

The Realty+ Conclave & Excellence Awards 2022- South in its 14th year once again brought together the real estate sector of the South India to connect and take forward the industry.

The event was Powered by - Stallion Universal Pvt. Ltd., Co-powered by - Sattva Group, Session Partner was - 315 Work Avenue, Event Associate Partners were - FLOW, VCITI, and The Ground Water Company, and Technology Partners were - Prop VR and Totality.

THE REALTY+ CONCLAVE SET THE BALL ROLLING FOR THE DAY

The First Panel Discussion with the eminent line-up of speakers sharing their views was on the Indian Realty in Rear-view: Good Bad And What’s Next. The session was moderated by - Arpit Mehrotra, Managing Director, Bengaluru & Head of Flex, India, Colliers. The speakers included Ashwinder R Singh, CEO-Residential, Bhartiya City, Bhaskar T. Nagendrappa, Co-Founder & Jt MD, Habitat Ventures, President - CREDAI Bengaluru, Farook Mahmood, CMD, Silverline Realty Pvt. Ltd, and Madhusudhan G., CMD, Sumadhura Infracon Pvt. Ltd. They were of the opinion that this year was challenging for the Indian Real-Estate Industry where the input cost went up but in the last two quarters it has come down drastically. They were optimistic about the real estate for the next year. They felt people are looking forward to a good next year.

The Second Panel Discussion Office Real Estate at Cusp: Hybrid v/s Back to Work saw Ramita Arora, Managing Director- Cushman & Wakefield Bengaluru, moderating the session joined by the distinguished panel of speakers comprising Juggy Marwah, CEO, Prestige Office Ventures, Manas Mehrotra, Founder and MD, 315Work Avenue, Pravin Bachhav – Country Head, CRE India Operations, Stallion Universal India Pvt Ltd., Ravi Ahuja, COO- Commercial, Brigade Group, Ravindra Pai, MD, Century Real Estate Holdings Pvt Ltd., Vivek K Chandy, Joint Managing Partner, J. Sagar Associates. They were of the view that it is not going to be completely work from home or work online. Flex will be an important part. We need to watch out for tier 2 and 3 cities, where there has to be an investment in infrastructure both on the physical and social side and seeking talent in a smaller location.

The third Panel Discussion focused on Finance & Funding: Redefining Real Estate Investments and had experts, such as Prashant Gooty, Head - Bangalore & Associate Executive Director, Land & Capital Markets, CBRE India, as the moderator. The panelist comprised Abhijit Banerjee, Co-Founder, Upwisery, Jai Baid, CEO, VCiti, Mallanna Sasalu, COO, Provident Housing Ltd and Srinivasan Gopalan, Chairman, ArisUnitern Pvt Ltd & Co- Founder, ArisInfra Solutions Pvt Ltd. They spoke about the importance of financing cost of the project, loan for real estate developers and expressed optimism that capital is getting cheaper and while the capital is available, there is dearth of organized, professional and financially stable developers in the industry.

The Panel Discussions were followed by Fireside Chats. The first one on Digital Marketing: The Key Driving Forces In 2023 was moderated by Vyoma Pandit, Co-

Founder, Flow Realty. The speakers were, Srinath Kandala - Co-Founder – PropVR, Avinash Suresh, COO, Arvind Smart Spaces Ltd, Azaan Feroz Sait, Founder, Safina Ventures & Founder & Chief Happiness Officer -The Hub, Srinivasan Subramanian, Executive Director, Koncept Ambience and Vishesh Kaul, Chief Information & Digital Officer, Prestige Group. They concluded that content is important in terms of digital market spends. AI will help to focus on the right audiences with minimum digital spending going forward. They advised against bombarding people with cold calls and favoured ethical marketing.

The Second Fireside Chat on ESG & Real Estate: Smart & Sustainable Business had Vinitha Kannambroth, IFM Head South Region, Embassy Services Pvt Ltd.as the moderator. The eminent speakers were Jagdish Balaram, Head - Netzero Consulting Division, The Groundwater Company, Jiji Thomas, Head – Operations, Nucleus Office Parks, K Raman, Director - Market Development, GBCI, and Niranjan Khatri, Founder i-Sambhav. ESG should start with every individual, every household or organization, and every human on this planet earth because we have only one planet, were their closing remarks.

THE MOST AWAITED SEGMENT OF REALTY+ EXCELLENCE AWARDS

The day concluded with the Realty+ Excellence Awards 2022- South. The evening began with a special address by Guest of Honor - Aravind Limbavalli, Former Minister Govt of Karnataka, MLA, Mahadevapura Constituency who said Bengaluru is developing  -----horizontally with many new developments happening in the city. He emphasized upon having gated community projects and stressed upon developers not encroaching upon public utilities that leads to disasters such as recent flooding that Bengaluru city witnessed. He also stated that technology is becoming an integral part of sustainable development.

The Scroll of Honour was presented by Realty+ to Anand Malligawad, Lake Conservationist to recognize his contribution to the environment and the sustainability. He said Bengaluru is brighter on the local map because of Vishwakarma people present in the real sector. He shared that people mindsets have to change, to preserve the water bodies in a holistic way and not just by beautification of lakes that are even more detrimental to the nature when not done properly. He advised that instead of relying on the government people and communities should come together to make the city green and eco-friendly.

In a grand finale to the evening, the coveted awards were presented in various categories to organizations and individuals. The winners walked on to the stage to receive their awards from the dignitaries of the day.