Real estate meet to discuss policies, foreign investment
Oct 04, 2015
Source : Toi

MUMBAI: A two-day Real Estate & Infrastructure Investors' Summit on October 5 and 6 will discuss policy initiatives and foreign investment norms, key investment themes prevalent in the real estate sector and India's standing as a global investment destination.

The summit is organised by Naredco (National Real Estate Development Council), the National Real Estate organisation in association with Aprea (Asia Pacific Real Estate Association).

"This summit will provide a pivotal platform for real estate developers to interact with investors and global leaders, including Government of Singapore Investment Corporation (GIC), KKR, Cornerstone, Morgan Stanley, among others," said a press release.

Union minister of housing and urban poverty alleviation Venkaiah Naidu, minister of state for finance Jayant Sinha are expected to address the conference.

Naredco national president Sunil Mantri said, "Attracting global funding for the Indian real estate sector can go a long way in bridging the huge capital requirement of the industry. The basic aim is to create a platform bringing together private equity (PE) players from across the globe and Indian developers on the same dais. This gives them an opportunity to interact with each other on a personal level as well as discuss investing in the real estate sector."

Aprea CEO Peter Verwer said, "India's strong long-term growth prospects should make it a magnet for the world's capital. This summit will raise awareness about the ongoing modernisation of India's financial systems and the nation's economic fundamentals. The summit also provides a forum for a frank assessment of the initiatives needed to place India at the centre of international investors' radar screens."

Neeraj Bansal, KPMG in India, said, "Several government reforms and policy measures have either been implemented or are underway to augment the real estate sector, strengthen sentiments of PE investors and ease the risk perception of Indian real estate. The summit will provide a strategic platform for all stakeholders: developers, PE players and government agencies to jointly discuss key challenges faced by the sector and initiatives required to improve the sector performance.''

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