SOUTH INDIA’S CHANGING REAL ESTATE DYNAMICS

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The 12th Realty+ E- conclave 2020 - South was a day of some insightful discussions on topics of South India real estate and future growth prospects in the coming year. The session on “Year 2021: Will It Belong To Real Estate” deliberated the evident trends in real estate that will continue in the near future and the expert panel was sure of the imminent price rise of properties in the coming years due to several factors such as rising cost of raw materials, labour, approvals, land and finances. The steps to make housing more affordable for the end users was also discussed and suggestions made. Panel Moderator - Ramesh Nair, CEO & Country Head, India, JLL. Speakers - Chitty Babu, Chairman & CEO, Akshaya, Dr. S. Vasudevan, Chairman, Ozone Group, Farook Mahmood, CMD-Silverline Group, Vice Chairman, NAR India, Murali Malayppan, Chairman & Managing Director, Shriram Properties Pvt. Ltd, Ravindra Pai, Managing Director, Century Real Estate Holdings. The topic of “South India Office Realty: Changing Demand for Workspace & Worklife” was discussed in detail focusing on the pandemic induced trends in commercial real estate and the new strategies the developers and occupiers are contemplating for future business continuity plans. The speakers affirmed bright future for the commercial real estate. Panel Moderator- Arpit Mehrotra, Managing Director, Office Services (South India), Colliers International Speakers - Amit Grover, Executive Director-Office Business, DLF Ltd., Juggy Marwaha, CEO, Prestige Office Ventures, Nirupa Shankar, Executive Director, Brigade Group, Praveen Vasudeva, Country Head – India Global Real Estate & Facilities, SAP, Vinamra Srivastava, CEO-Business Parks, CapitaLand India, Vinod Rohira, CEO, Mindspace Business Parks REIT, Yash Gupta, Managing Partner, YGR. The panel on “South India’s Big Winners: Warehousing, Industrial & Data Parks” comprised experts from the new asset classes of realty and they expressed their views on the challenges and opportunities that lie ahead. The panellists concurred that the emerging warehousing, data and industrial parks segments will continue to see traction among developers and from the investors. Panel Moderator - Mayank Saksena, MD & CEO – Land Services, Bengaluru, Anarock Property Consultants Speakers - Anshul Singhal, Managing Director, Welspun One Logistics Parks Pvt. Ltd, Captain K. Srinivas, CEO, Cornerstone Property Developers Pvt. Ltd, Darshan Hiranandani, Managing Director, Hiranandani Group of Companies, R. K. Narayan, COO, Allcargo Logistics & Industrial Parks, Sharad Gohil, Managing Director-Asset Management, IndoSpace Capital Advisors Pvt. Ltd, Sudeep Aditya, MD & Co-Founder, Oakbridge Asset Partners. The discussion themed “Digital Marketing: Catalyst That Transformed Real Estate” had experts debating the new ways of real estate marketing and how not only the realty firms but even the consumers were becoming more digital literate. The challenges in adoption of digital tools was discussed and the solutions that new technologies can provide real estate were highlighted. The panellists agreed that digital is the way forward for the realty sector. Panel Moderator - Samir Arora, Hon. Secretary, National Association of Realtors- India (NAR-India) Speakers - Amit Parsuramka, Senior Vice President & Chief Sales & CRM Officer,Tata Realty & Infrastructure Limited, Darshan Govindaraju, Director, Vaishnavi Group, Reeza Sebastian Karimpanal, President-Residential Business, Embassy Group, Srinivasan Subramanian, CEO – SNN Builders Pvt Ltd, Vikram Kotnis, MD – Sell.Do & Amura Marketing Technologies.