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Spotlight on SEZs

Special Economic Zones or SEZs were the topic of discussion at a conference held at Mumbai’s JW Marriott hotel on July 21, 2007 organised by the Princeton Academy, which has successfully conducted many workshops and seminars besides training executive from top corporates like Tata Motors, TCS, Ranbaxy Laboratories, Asian Paints and Bajaj Auto.

Attended by a select audience comprising of senior executives from the real estate and allied sector, the conference covered a range of topics that included Fundamentals of SEZ, SEZ Act-2005, SEZ Rules (2006), Procedure for setting up a SEZ, procedure for establishment of a SEZ Unit, Procedure for procurement from DTA, Latest amendments in SEZ Act and Rules, SWOT Analysis of SEZ and How to Evaluate whether one should set up a SEZ/SEZ Unit.

The event also focused on some of the key issues and controversies that have surrounded the SEZ issue, Role of state government in land acquisition, compensation packages to land owners, Rehabilitation packages for displaced farmers, State Government’s commitment to create infrastructure, Time frame for operationalisation, Control over SEZs – MoC or MoF or Combined exercise by MoC & MoF and Amendments to Laws and Rules.

Stress On Energy-efficient Buildings

The Delhi Development Authority, in association with the Ministry of New and Renewable Energy (MNRE), the Bureau of Energy Efficiency and The Energy and Resources Institute (TERI), organised a two-day orientation workshop on energy- efficient buildings recently in New Delhi.

At the workshop, inagurated by DDA Vice-Chiarman Dinesh Rai, experts shed light and shared ideas on buildings designs which are energy efficient and environment friendly.

Real Estate Investment World Asia 2007

Real Estate Investment World Asia, held on June 25 – 28, 2007 at Raffles City Convention Centre, Singapore, served as a meeting ground for institutional investors, fund managers and Asia-Pacific property developers for demonstrating the merits of active real estate investment.

The global investment community gathered to assess the investment opportunities in Asian real estate. This was the biggest and most comprehensive event of its kind to showcase the products, strategies, personalities and leading companies that comprise the Asian real estate investment management marketplace.

The four-day extragavanza is the biggest and best real estate investment forum in Asia combining exceptional networking opportunities. The plenary sessions offered delegates the opportunity to be more involved and learn about some of the most important industry views on key subjects.

Commercial Realty Awards Held In Sochi

The Commercial Real Estate Awards were held from June 14 – 17 at Radisson SAS Lazurnaya in Sochi. During the three-day event, 450 top professionals from varying segments of the regional, capital and foreign commercial real estate market and 18 heads of Russia’s administrative districts took part in the business programme The programme included more than 30 highly varying events, from round-table discussions to seminars, training sessions, workshops and discussions, as well as informal gatherings.

The guests for the Federal Awards’ business programmes included His Excellency Salah Salim bin Omar Al-Shamsi, Chairman of the Management Board for the Federation of the UAE Chamber of Commerce and Industry, President of the Abu Dhabi Chamber of Commerce and Industry and Chairman of Al Qudra Holding, UAE. The three-day event ended with a lavish banquet when the names of the awardees were announced.

Long-term Vision For Realty Called For

The conference on Future of Real Estate in India, which was held on June 22 in Mumbai, focused on issues and hurdles faced by the real estate sector and arrived at a consensus to drive the industry in a better and profitable manner to benefit all. It also discussed and strategised the recommendations to the government. It will dialogue on the various aspects of Housing, Infrastructure, Corporate Office Space, Easing norms for FDI in real estate and Retail in the Real Estate domain.

The one-day conference in Mumbai saw major players in the sector addressing the concerns faced by the industry in India. Among them were Shrinivas Dempo (Chairman, CII Western Region); Anuj Puri (Jones Lang LaSalle Meghraj); Ashish Raheja (K Raheja Universal Ltd); Dharmesh Jain (Nirmal Lifestyles); Sunil Mantri (Mantri Group); Harshavardhan Neotia (Bengal Ambuja Housing Development Ltd); Niranjan Hiranandani (Hiranandani Group of Companies); B S Nagesh (Shopper’s Stop); and Vivek Law (CNBC TV 18).

Anuj Puri, Country Head, JLL Meghraj, said, “the CII Real Estate conference aims to look holistically at various challenges facing the sector, as well as the opportunities. With the entry of global realtors in conjunction with national players, the industry will experience a landscape change. More than anything else, it is imperative at this stage that we have a strong, long-term vision for the real estate industry.”

Indian realty has witnessed a major upsurge with the government allowing 100 % FDI in this sector in construction and serviced land development. Foreign players are eyeing India as one of the lucrative destinations. The partial opening of FDI in retail sector and a buoyant real estate market promises a bright tomorrow for the construction sector in India. Further to this Parag Munot, ED, Kalpataru Properties Pvt Ltd., pointed out that while demand has gone up, real estate supply and infrastructure have not improved. Ashish Raheja, said that while the current pricing will not come down, affordability is an issue.

Talking about the challenges faced by the Real Estate sector in India, Anurag Mittal, Business Head, Business Wire India said, “While the real estate sector in India is growing manifold, there is an increasing need to tackle the transparency issues within the domestic market. The need will also magnify with the entry of foreign players in the Indian markets”.

Cost-effective Housing Tech Discussed

A proposal to make Bhopal to develop it on the lines of other metro cities was submitted at the Real Estate and Urban Development Summit organised by the PHD Chamber of Commerce and Industry (PHDCCI) at Hotel Fortune Landmark in Indore on June 5. Reacting positively to the suggestion, Madhya Pradesh Chief Minister Shivraj Singh Chauhan, who was the chief guest on the occasion, said: “It is quite relevant to have a development authority meant for developing the state capital. Our government will definitely work on it.”

The chief minister urged the companies engaged in infrastructure development to further expand their operations in Madhya Pradesh by reiterating his government’s commitment to resolve their issues to all possible extents.

The summit was attended by a large number of representatives from builders, manufacturers and developers including DLF, Parsvnath and Vian. Meanwhile, Krishna Kalra of PHDCCI said that “infrastructure development should be in pace with the growing population.

The construction companies are yet to explore Madhya Pradesh, which offers tremendous opportunity.”

“We are observing that the interest of construction groups is on rise towards the state, and there is a lot of room for them to leverage as well as contribute in the growth story of Madhya Pradesh,” resident director of PHDCCI (Bhopal), Rajendra Kothari, added. babul Gaur assured copration to construction companies operating in the state.

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