Highlights:

- To strengthen the relationship between India and Internationally strong real estate markets

- Launched CREDAI - CBRE report “Indian Real Estate 2017 and beyond”, highlighting the disruptions in four cornerstones of the real estate sector - Regulation, Finance, Customers and Technology, which will help facilitate a new transformed ecosystem

One of the most prominent conventions in the real-estate industry, CREDAI 17th NATCON – ‘Revive, Reinvent and Refocus’ was held from 10th – 12th August 2017 at Hotel Park Plaza, Westminster, London. Over 800-member developers, including  experts from the real estate sector, senior professionals from the financial world and ancillary industries participated - including the Indian High Commissioner to the UK, Minister of Investments, Government of UK, The Deputy Mayor of London, Members of the British Parliament, key Capital Market players from India and around the world, leading companies and Government officials.  With the emergence of a robust new policy framework in India, the event highlighted the lucrative opportunities it presents for various stakeholders of the industry and the amendments required in the current business strategy. It also exhibited revelations on preferred avenues for raising capital which continues to be of utmost importance and marketing in the age of digital era. CREDAI – MCHI representation during the NATCON was done by Mr Mayur Shah, President, Mr Dharmesh Jain, Immediate Past President, Mr Deepak Goradia, Mr Nainesh Shah, VP, Mr Tejas Vyas, Chairman, Exhibition Committee, Mr Bandish Ajmera, MC Member, Mr T.D. Joseph, Business Head, CREDAI-MCHI and Mr Navashish Singh.

Preceding NATCON 2017, CREDAI’s delegates were also a part of ‘House of Lords’, an event held by the UK Department of International Trade, which highlighted infrastructure and property development opportunities in England for India.

CREDAI’s member developers also analyzed and dissected the Real Estate Regulation& Development Act (RERA), welcoming the new law but raising concerns in regards to the wayward definition of an ‘ongoing project’, which might have negative implications in the long term.

In association with its knowledge partner CBRE, CREDAI also released a report “Indian Real Estate in 2017 and Beyond” at the event. According to the report, a conjecture of measures - RERA, GST, REITs are aimed at improving transparency in the sector, increasing the share of the organized segment and enhancing the overall investor sentiment. It anticipates that breakthrough disruptions in four cornerstones – Regulation, Finance, Customers and Technology are likely to have positive insinuations on the sector and will facilitate a new ecosystem which will be more conducive. The report further talks about how a favourable regulatory environment, coupled with attractive asset valuations are enhancing the investor confidence significantly by changing the perception of Indian realty in the global arena.

The National Convention of CREDAI, called NATCON is CREDAI’s most important event on India’s real estate sector. The event brings together all the stakeholders of real estate on one platform to exchange ideas, share best practices and discuss various issues and aspects of the sector. Over the last 15 years, the event has witnessed an average attendance of about 800 members annually apart from experts from the real estate sector, senior professionals from the financial world and ancillary industries. NATCON enables CREDAI members to understand emerging global trends in the real estate industry.