PUNE: The Confederation of Real Estate Developers Associations of India, Pune Metro, has created an International Business Forum (CIBF) for its members to interact with companies and consultants in other countries with a view to promote trade, technology and knowledge exchange among developers.
The activities of the forum will begin with the visit of a 100-member delegation, comprising prominent realty developers of the city, to South Korea. The delegation will explore future technological and trade partnerships, services and business opportunities during the visit.
CIBF convener Aditya Javdekar said, “South Korea’s real estate is considered technologically developed with its processes being system driven. This advancement was achieved in the last 10 to 12 years. Earlier, the size and style of the real estate industry in South Korea was the same as of Pune today. It will be our endeavor to imbibe most of the latest technologies and trade practices which will help improve the real estate scene in Pune. In addition, the delegation will also study projects in Seoul and Songdo to understand the finer nuances of marquee projects.”
Credai vice-president Shrikant Paranjape said the population of Pune is expected to touch the 1 crore mark by 2025. To meet the realty demands of the city, we need tremendous knowledge and experience from developed cities like Seoul.”
A Credai Pune Metro team paid a preliminary visit to South Korea and found that a number of large construction companies there were keen to explore business opportunities with Indian real estate developers, said CIBF organizing committee member Kapil Gandhi. Among companies that have expressed interest in the forum’s activities are Hyundai Development Corporation, Posco E&C, Hamni Global and Topec, Gandhi said.