INDORE: More than 60 representatives from different township projects and administrative boards participated in Madhya Pradesh Real Estate Summit 2014 organized jointly by Confederation of Indian Industry (CII) and Confederation of Real Estate Developer's Association of India (CREDAI), Indore on Saturday.
With theme of 'shaping a better tomorrow,' the conference discussed future prospects of real estate in city and brought together representatives on a common platform. As many as 10 representatives presented their models related to efficient real estate, marketing of Indore as a brand and city planning with the support of all developers.
CII, Malwa zonal council chairman Praveen Agarwal said the gap between government and thinkers need to be bridged.
"Scope for implementation of any specific model in the old part of city is difficult, but it can be accomplished in newly developing areas. This conference was an effort to bring all developers and government at one place and discuss possibility of a sustainable development in city," Praveen added.
Prabhpreet S Shah, executive director of Creative Group from Delhi said that a city like Indore can flourish better with two epicenters; one in the old part and other in new."Both of these halves must be self sustaining and independent but connected to each other. This will help reduce the pressure on the resources of the old place and provide city with a breath of freshness in new Indore," Shah added.
"Through CREDAI, we plan to market the 'Indore' brand. Today Indore has no dearth of facilities. Making people from realize the potential of the city is the need of the hour," Liladhar Maheshwari, vice president, CREDAI Indore chapter said.