NAREDCO 14th National Convention
'Indian Real Estate —Unfolding the new era of growth'

28-29August 2017
Hotel Taj Palace, New Delhi

Day 1, Monday, 28August 201,

09:00- 10:00
Registration and networking
10:00 - 11:00
Inaugural session
11:15 - 12:15
Session 1: Emerging trends and affordable housing in India - Multi-trillion dollar opportunity
Panel discussion
The real estate sector in India is undergoing through significant transformation. The year 2017 is crucial in the history of Indian real estate, as the stage is set for a new era of growth, on the back of vital reforms undertaken over the past two years.

Further, the central government has sanctioned over 1.87 million housing units in India, entailing an investment of USD16.5 billion, ever since the PMAY (Urban) was launched in June 2015. This is about 10 per cent of the total planned affordable housing units to be built by 2022. Hence, it is crucial to expedite the whole process to achieve the vision of ‘Housing for All by 2022’. Further, it is anticipated that the total investment required to accomplish the vision is over USD1.3 trillion.

The session would focus on major trends that are developing in the Indian real estate, and to develop future strategies to materialise the vision.
12:15 - 13:15
Session 2: States policies and participation - Essential for the development of an urban India
Panel discussion/Presentations
States are a crucial stakeholder and plays an important role in the overall development of India. The central government has sought to increase the competition amongst Indian states, in order to attract higher investments required for the growth and development of the nation. The session would focus on initiatives undertaken and best practices adopted by various states to create an enabling environment for long-term growth.
13:15 - 14:30
14:30 – 15:30
Session 3: Real Estate (Regulation & Development) Act, 2016 - Transforming the Indian real estate landscape
Brief presentation on RERA (05 mins.)
Panel discussion
The central government has been making conscious efforts at the policy front, to create an enabling environment to promote the development of the real estate sector. The real estate regulatory authority (RERA), which is expected to increase transparency and accountability in the sector has finally taken-off. It has been nearlyfour months now that the implementation of RERAhas taken place.

The session intends to bring together key policy makers, regulatory authorities and stakeholders from the industry, to deliberate upon the several aspects of RERA for the benefits of all stakeholders.
15:30 – 16:30
Session 4: Goods and Services Tax (GST) - Enabling ease of doing business in India
Brief presentation on GST (05 mins.)
Panel discussion
The crucial indirect-tax reform – the GST has finally taken off from 01 July 2017. The GST is expected to remove the bottlenecks which were restricting the growth across sectors and industries, owing to decade old complex tax structure. It is also expected to put India altogether in a new terrain, as the ease of doing business is expected to improve.

The session would deliberate the various aspects of the GST, which are important from the real estate perspective. The benefits of the GST are significant for the real estate sector, as over 250 ancillary industries are directly or indirectly related to real estate.
16:30 – 16:45
Tea Break
16:45 – 17:45
Session 5: Real Estate Investment Trusts (REITs) - Opening doors to funding
Panel discussion
The regulatory changes, coupled with clarity on taxation aspects, have put in place an all-encompassing framework for successful REIT implementation in India. However, these efforts by policymakers are yet to be complemented by a forthcoming stakeholder class and, therefore, India is yet to witness its first REIT listing. While there is a visible interest amongst many of the marquee players to set up the REIT platform for providing exits to investors as well as monetisation, there are several apprehensions surrounding this new investment product. Thus, actual action has been slow and, in many cases, put in abeyance in favour of a ‘wait and watch’ strategy.

The session would enable the esteemed panellists to share the potential reasons for this inertia to launch the first REIT.
17:45 – 18:00
Q&A Session
18:00 – 18:10
Vote of thanks

Day 2, Tuesday, 29August 20,

09:00 - 10:00
Registration and networking
10:00 - 10:15
Key Note Address
10:15 - 10:30
10:30 – 11:30
Session 1: PE funds and financial institutions view - Strategies for the next phase of growth
Panel discussion
The PE funds and financial institutions have replaced banks as the largest source of funding to the real estate sector. The share of PE funds and these institutions in the real estate funding has gone up significantly from 25 per cent in 2010 to over 75 per cent in 2016 . The investments are further likely toincreasein future. As Indian real estate expected to move up the risk curve, it is likely that the cost of funds may reduce.

The session would gauge the perception of the PE investors towards the Indian realty, and discuss the strategies for the next phase of growth.
11:30 – 12:30
Session 2: Housing finance and mortgage in India - Enriching lives of the billions
Panel discussion
The total outstanding credit to the housing sector has reached INR12.5 lakh crore (USD185 billion) in FY16. The institutional credit to the housing sector is estimated to have grown at an average growth rate of 18 per cent over the past three-five years. However, there is still significant potential for credit growth as mortgage to the GDP ratio in India is only at nine per cent, far below than in the developed countries, such as the U.S. (68 per cent) and Germany (42 per cent).

The session would deliberate the current challenges being faced by the financial institutions which are crucial to overcome, to fulfil the dreams of billions of Indians to own a home.
12:30 – 13:30
Session 3: Adoption of modern technology and innovation - Imperative to overcome inefficiencies
Panel discussion
The central government has launched various mega development programmes such as the Smart Cities Mission, Housing for All, Make in India, Digital India, and Clean Indiato name a few. These programmes have opened up numerous investment opportunities for the foreign MNCs. There are number of companies from abroad, which are engaged with the Indian government and counterparts, to assist Indian cities realise their development potential. Also, in the dynamic and changing technological environment, it is essential to adopt modern technology for a sustainable built environment. Further, with the technological advancements in smart homes solutions, the lives of billions can be simplified and made secure.

The session would enable the esteemed panellists to share their knowledge and expertise, enlightening about technologies that are adopted globally along with their potential benefits.
13:30 – 13:45
Q&A Session
13:45 – 13:50
Vote of thanks
13:50 – 15:00