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15th National Convention 2019 Date : Aug 19, 2019- Aug 20, 2019
Venue : Hotel Taj Palace, New Delhi

THEME AND OBJECTIVE

 

Housing for All 2022:
Real Estate Inflection Point: Readying for the Future
 

Housing and real estate in infrastructure sector have traditionally been significant contributors to the socio-economic growth of the country. The development impact contributes significantly to employment generation, country's investment, financial growth and overall quality of life of the citizens of the country. The symbiotic effect of growth of real estate with over 250 upstream and downstream industries creates a multiplier effect for the demand and supply of input sectors and real estate services. Though at present the sector contributes 7- 8 percent of the GDP, it is expected to contribute close to 13 per cent of the country's GDP by 2025, reaching a market size of USD 1 trillion by 2030. Real Estate sector has been the second largest investment pull industries for the Indian economy, contributing to nearly USD 24 billion in Foreign Direct Investments.

 

The country's socio-economic demographics have also witnessed a significant change with rising disposable incomes and rapid urbanization. With the increasing urban rural migration and population expansion across major financial hubs, real estate and supporting infrastructure has come under tremendous pressure in meeting the needs of urbanization. Given this mammoth task, the Government requires major interventions for private sector participation to meet this mass housing objective and achieving developmental goals. During its past tenure, Affordable Housing for All 2022 was pushed through a primary agenda by the Government, backed by aggressive efforts in policy reforms, tax regulations and implementation mechanisms. With the second term coming into effect, the current Government bears the empowerment and responsibility to see through the interventions implemented towards achievement of the affordable housing agenda. It is estimated that India requires funding of USD 2 Trillion till 2022 to meet the housing shortfall of 110 million housing units. In addition, there is growing need for provisioning of support infrastructure and services to cater to the rising housing demand, requiring an additional USD 1.5 by 2030. The Government has promulgated macro infrastructure development initiatives such as AMRUT, Smart Cities, Infrastructure & Freight Corridors, Transit Oriented Developments, Public Asset Monetization, Inland Waterways, Metro development etc. to affect large scale improvements, indirectly impacting real estate sector and creating opportunities for harnessing real estate potential in infrastructure projects. The Government encouraged interventions and policy reforms. To stimulate consumption, Government has announced rate cuts, credit linked subsidies, input tax credits, relaxed FDI norms, and accorded infrastructure status to affordable housing as a positive step towards for fast tracking housing & infrastructure development,

 

Relative to this positive scenario, the real estate sector is increasingly struggling to deliver in sync with the Government developmental agenda. The implementation of policy and regulatory reforms (GST, RERA, etc.) has created impacts leading to industry restructuring, shrinking liquidity, increasing stresses asset inventory, insolvencies, etc. upsetting the overall real estate lifecycles, costs and delivery timelines. The compounding effects have brought about an overall sectoral slowdown leaving private real estate sector with limited resources to support the overall development agenda. The Government has set the stage for large scale transformation in the previous term and this needs to be followed up with better convergence, higher efficiency and supporting financial ecosystem to continue the momentum.

 

In context to past few years, Indian real estate sector has been positively impacted by industry disruptions. These emerging disruptions are creating alternate avenues for real estate assets development and utilization. Taking cues from the global con-tech revolution, the Government and private sector are actively collaborating for adoption of construction technologies through interventions under Global Housing Technology Challenge. These aim to launch 'lighthouse' pilot projects by utilizing sustainable, cost effective and replicable technologies and fast tracking housing stock delivery. Emergence of prop-tech and e-platforms have impacted transaction time and costs positively for varied real estate asset classes. Select segments within the real estate such as Commercial Real Estate (CRE) has witnessed exponential growth and positive investor participation in the Co-Working business domain. With regards to housing and hospitality real estate, Co-living models and rental platforms have served as catalysts to efficient utilization of real estate. The advent of student co-living and student housing has supplemented rental based incomes, ensuring better operational utilization of housing related assets while improving quality of housing for burgeoning student population. As conventional funding means come under stress due to diminishing market liquidity, alternate mechanisms such as REITs and INVits have gradually etched their way in as promising complementary sources of real estate financing.

 

Real Estate Sector in India seems to be at an inflection point presently. As conventional real estate businesses work in tandem with Government in facilitating housing and macro infrastructure development goals, emerging business formats, transaction models and policy interventions need to be explored for greater gains. In the global context, rental housing mechanisms, construction sector workforce skilling, technology incubation, sustainable technology adoption, and cooperative business models have proven to be workable solutions in addressing the housing and infrastructure need gap. Adoption of new models and convergent policy reforms can likely result in new opportunities and streamlined growth in real estate and construction sector, snowballing the macro multiplier effect.

 

In view of this, NAREDCO has organized its 15th national convention to brainstorm strategic and tactical interventions aimed at affecting improvements in the industry's operational landscape and capitalizing potential of emerging trends. This convention aims serve as a centralized platform for all stakeholders comprising policy makers, central and state ministerial departments, national and state level implementation agencies, public and private institutions, financial investors, real estate developers, industry experts, and new business pioneers to converge, deliberate industry challenges, evolve workable strategies and recommend action plans for 'future readying' the Indian real estate sector.

   

KEY THEMES OF THE SESSIONS

 

HOUSING FOR ALL 2022: NEXT STEPS FOR ENABLING AFFORDABLE HOUSING

 

During the previous term, vital reforms were implemented by Government for expeditingaffordable housing delivery such as priority sector status, GST relaxation, credit linked subsidies, etc.Continuing into the second term, Housing for All by 2022 agenda seems within reach and shall receive governance focus. This session shall aim to take stock of synchronous achievements of private sector in aligning with Govt.'s agenda, deliberate on land pooling mechanisms for expediting affordable housing, explore ways to improve effectiveness of GST provisions in affordable housing delivery, asses need for 'one' standardized affordable housing policy and recommend priority action points for enabling alignment with Housing for All 2022 goals of Govt.

 

SOLUTIONS TO LIQUIDITY CHALLENGE FACED BY REAL ESTATE SECTOR IN INDIA

 

Real Estate industry has relied heavily on equity, institutional debt, private equity and NBFC funding for financing projects. In the present situation faced by lenders, rising quantum of 'stressed assets' and insolvencies, the sector needs immediate solutions for overcoming the liquidity challenge. This session focuses on identifying solutions to address stressed asset situation against RBI's prudential framework, reviving investment cycles, assess assigning of 'priority industry' status, exploring mechanisms such as central stressed asset fund, GST rationalization, fast tracking IBC/NCLT resolution processes, etc. to come up with 'immediate solutions' for addressing liquidity in real estate sector

 

NATIONAL URBAN RENTAL HOUSING POLICY: ENSURING HOUSING FOR ALL

 

MoHUPA constituted a task force to devise recommendations for improving housing availability through rental housing mechanism, leading to announcement of Draft National Urban Rental Housing Policy 2015. The policy aimsto promote public private partnerships in rental housing for bridging the housing gap. The session shall focus on discussing the need for implementing the draft national rental housing policy, elaborating learnings from adoption of similar rental policies in global context, assessing role of stakeholders and convergence areas for policy adoption and come up with workable interventions for policy adoption as a step towards ensuring affordable housing for all.

 

RERA EMPOWERED: STAKEHOLDERS CONVERGENCE FOR EXPEDITED GAINS

 

Implementation of RERA brought forth structural transformation in real estate sector, though its purview of regulatory controlover external agencies such as development authorities, corporations, institutions, etc. providing project approvals remainsconfined. To improve reach of RERA Authorities and to ensure holistic implementationgreater interplay of stakeholder agenciesis required. This session intends to discuss challenges and learnings from 3 different stakeholder perspectives, i.e. -developers, external agencies and RERA authorities. The objective will be conclusively identify areas of extending RERA's control over stakeholders, span of convergence and critical interventions required to streamline end to end implementation w.r.t fast track approvals, accountability and mitigating bottlenecks.

 

EASE OF DOING BUSINESS: ENABLING GROWTH THROUGH INTERVENTIONS

 

To enable greater investor participation in the real estate sector from an 'Ease of Doing' business perspective, challenges related to land acquisition, standardization of construction norms, documentation, approvals processes, tax rationalization etc. may require better alignment. This session intends to focus on discussing policy and regulations interventions, addressing grey areas in GST implementation, suggest improvements in construction sector skilling, and digital interventions like online approvals tracking, etc. for improving greater foreign investor's comfort indoing real estate business in India.

 

REAL ESTATE INTEGRATED INFRASTRUCTURE: SYMBIOTIC MODEL FOR DEVELOPMENT

 

Rising land cost and scarcity has been a major challenge for real estate sector. Central, State Government, sectoral ministries such as Aviation, Railways, Inland Waterways, and Transport Corporations (Metro etc.) are actively looking to exploit real estate development potential within transit oriented developments to supplement earnings & faster break evens. This session shall focus on discussing the TOD real estate opportunities, evaluate challenges and successes of PPPs models, assess role and interests of developersand implementation agencies, and identify priority initiatives for growth of TOD real estate in infrastructure sector.

 

EMERGING CONSTRUCTION TECHNOLOGIES IN REAL ESTATE PROJECT DELIVERY

 

Provision of housing and related support infrastructure has been a primary focus area for the current Government. Construction and project management technologies show promise in expediting projects delivery, reducing cost and time overruns, enabling development efficiencies and ensuring delivery quality while also providing macro-economic benefits of GDP growth, employment and revenue generation. This session intends to discuss the impacts of prop-tech, learning from Light Houseprojects rolled out under Global Housing Technology Challenge, need for policy and tax interventions easing technology incubation, imbibing of lean principles, etc. towards identifying priority actions ensuring rapid adoption of prop-tech.

 

DISRUPTIONS IN REAL ESTATE: THE GAME CHANGERS

 

As real estate industry faces liquidity and demand related challenges, industry disruptions are paving the way for future opportunities within the sector. Emerging sunrise sectors, digital business platforms, co-op business models such as Co-working, Co-living, student housing, etc. and alternate investment mechanisms such as REITS, INVitshave witnessed promising industry action and investor interest. This session intends to discuss the present status, financing landscape, potential impact and future outlook for emerging industry disruptions in real estate sector in India.

 

Downloads: Brochure 

 

For Sponsorship and Exhibition, Kindly Contact
 

Mr. Sumit Bhatia, Deputy Director General
M: +91-9818571242, T: +91-11-26225795
Email: sumit@naredco.in
 

Mr. Lavin Kumar, Manager
M: +91-8299020860, T: +91-11-26225795
Email: lavin@naredco.in
 

For Registration, Kindly Contact
 

Mr. Yogesh Kumar
Tel: 011-41608570, 26225795
Email: conventions@naredco.in