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Realtyplus Team  
Properties ahead-06 A Major Draw

Properties ahead-06 a good home idea, one of the India’s most comprehensive exhibitions on real estate industry, covering residential and commercial properties and finance opportunities, was organized at Pragati Maidan from September 30 to October 2 by ecube entertainment pvt. Ltd. in association with National Real Estate Development Council (NAREDCO). Also involved with the effort were Builders Association of India (BAI) and Indian Council of Ceramic Tiles and Sanitaryware (ICCTAS). The event, held in Hall No. 7 and spread over an area of 2,000 sq ft, had operational, inspirational and affordable property choices on display. Experts on hand guided the prospective buyers. There were interesting seminars covering every essential topic. Over 25,000 visitors attended this property exhibition. The number of participants was about 40, including leading real estate developers, builders, real estate consultants, bank and financial institutions.

The highlights were (a) in addition to first-time investors, the event attracted seasoned investors looking to increase their property portfolio; (b) there were international property pavilions, as well as property investment and management seminars; (c) this was a meeting point for top-level decision-makers; and (d) presentation of investment opportunities in India and abroad were made.

Zee M-Tech Pinnacle Real Estate Awards

India’s first real estate awards, instituted by Zee Business with Realty Plus as media partner, were given away at a glittering ceremony held at the DLF Gold Country Club on October 6, 2006.

The ‘Zee M-Tech Pinnacle Awards’ have been instituted to acknowledge the contribution of real estate industry players in the field of construction, building and allied industries. It acknowledged talents for their contribution in technical, creative and individual achievements.

The awards were given out in 19 categories. The highlights of the award ceremonies were the announcement of Zee Business Pinnacle Lifetime Achievement Award conferred on Dr E. Sreedharan, MD, Delhi Metro Rail Corporation; Pinnacle Paint Award on Asian Paints; Pinnacle Steel Awards on Steel Authority of India Ltd (SAIL); and Pinnacle Bank on HDFC Bank.

Union Urban Development Minister Jaipal Reddy graced the occasion as the chief guest. The ceremnoy was attended by prominent politicians, corporate big-wigs and some of the most distinguished players of the real estate and construction industry. S K Mitter, CEO, LIC Housing Finance; Ashwani Kumar, Minister of State for Industries; Sahib Singh Verma, senior BJP leader; and Vaidyanathan V, Country Head, ICICI Retail were some of the luminaries present at the ceremony.

Zee News director Laxmi Goel announced that the awards will be held annually hereafter to honour the finest professionals from the industry. “It will provide a benchmark for the industry in India by presenting a platform to recognize excellence in the field,” he said. The jury included Laxmi Goel, Director News Group, Zee News Ltd; Vahid Mehrinfar, Executive Principal & Chief Brand Architect, Vahid Associates, Dubai; Jeffery West, Director, DTZ’s Indian Project Management Services; Subir K Saha, Director, School of Planning and Architecture; Darlie O Koshy, ED, National Institute of Design; Ranu Das, CEO, Fairwood Consultants; Ankur Shrivastava, MD, DTZ India; Anurag Batra, MD & Editor-in-Chief, exchange4media Group; Shashi Sinha, ED, Lodestar Universal; Ravi Deshpande, Chief Creative Officer, Contract; Ravi Kiran, CEO, South East Asia Starcom; and Mukesh Gupta, MD, Graphis ads.

The process of evaluation and judging the winner was divided into three phases. The first phase consisted of filing the nomination, the second phase involved selection and the third and most important phase involved the evaluation by the jury.

Govt May Allow Foreign Realtors To Tap Capital Market Pre-IPO

“Growth rates in the urban sector will keep shooting up for many years and we expect 40% of people in India to move to urban India by 2025.” This was what S. Jaipal Reddy, Union Minister for Urban Development, said while inaugurating the FICCI -- International Real Estate Summit 2006 in Mumbai last month. He was referring to the importance of the Jawahar Lal Nehru Urban Renewal Mission in the backdrop of an inevitable urbanization that is taking place.

According to Reddy, the JLNURM is different from all other schemes as about Rs 50,000 crores will be given by way of grant for this project in the next six years. This will also prompt urban local bodies to create a matching amount of similar size. However, he emphasized that this amount would be released only when the state governments meet certain conditions, such as scrapping of the Urban Land Ceiling Act in totality, simplification of rent control laws in the interest of the landowners and tenants and lowering of stamp duties to at least to 5%.

On the issue of permission to foreign players to tap capital market pre-IPO, the minister informed that the matter will be taken up seriously at the cabinet. On foreign investment he said the government is absolutely open to foreign investment in urban sector but we in India must deserve foreign investments.” We need to be transparent”. He later released the FICCI- E&Y report on real estate.

The FICCI chief, Saroj Kumar Poddar, underscored the fact that real estate sector contributes about 14-15% of national GDP, currently estimated at $12 billion and is growing at 30% annually. He also highlighted the inherent limitations (the complicated nature of the UCLA, the cumbersome land transactions and the lengthy procedure to procure land for real estate projects; absence of well developed land markets, unclear land titles and high cost of land) and sought rapid reforms in these areas.

Hyderabad Hosts Grand Furniture Expo

The annual Inside Outside Mega Show was held at Hitex Exhibition Centre, Madhapur, in Hyderabad from September 21 to 24. Around 150 companies are represented at the event and some of the leading exhibitors included Kajaria Ceramics, Oyster, Classic Marble, Anchor Electricals, Responsive Polymer, Century Ply, Ved Machinery, Supreme Pipes, Cosmo Granite, Jalaram, Godrej, Orient Electric House, Sejal Glass, Indoline Kitchen, Unicorn Impex and FGV Lifestyle.

The items covered a wide range from bathroom fittings to floor furnishings to laminates, veneers, wood coatings, furniture and furniture accessories, electrical switches and designer bed linen. The show was the best in interior design, furniture and furnishings, building and construction industries.

Hyderabad is the fourth city in the presentation schedule of 15 venues and from here, the show will visit other parts of the country. The last event will take place in Pune in February 2007.

Fair Response To Fair On ‘Furniture Of Future’

Index International Trade Fair 2006, international finished furniture trade fair organized by Index India along with the Association of Furniture Manufacturers of India took place in Goregaon, Mumbai, from September 13 to 17. There were more than 200 participants from across the globe.

In a statement, the organisers had invited professionals to visit the exhibition and take a look at what they promise to be the "furniture of future.” Some of the big names who took part included Godrej, Featherlite, B.P. Ergo and N.R.Jasani in the office segment and B.P.Techno, World Corporation, Renaissance Glass Works and Crystal Furniture in the home furniture segment. The other segments included kitchen and bath which drew response from Kanu Hacker Kitchens, Faber Heat Kraft and Huzaifa Decor while the wood and machinery segment had Woodtech Consultants and Master Handlers. Design pavilions by American Hardwood Export Council, National Institute of Design and Industrial Design Centre, IIT, Mumbai was part of the show.

Dubai, Muscat Views Homes From India

The Housing Development Finance Corporation (HDFC) organized for the first time a "India Homes Fair" at Dubai and Muscat, a unique exhibition focusing on the finest properties promoted by leading developers from Chennai and Coimbatore. It took place between September 22 and 24 at Hotel Four Point Sheraton in Dubai and between September 26 and 27 at Hotel Sheraton Oman in Muscat.

The fair exclusively showcased properties from Chennai and Coimbatore because there is a significant demand among the NRIs in West Asia to invest in Tamil Nadu, especially in Chennai and Coimbatore. Fourteen leading developers put up over 1200 properties in the show across a wide budget range.

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