CREDAI 16th NATCON – ‘Embracing Change’ was held from 3rd – 5th August 2016 at Kerry Hotel in Shanghai, China. The event was inaugurated by the Indian Ambassador to China, Mr. Vijay Keshav Gokhale.
In his opening remark, he highlighted the importance of International Expo for the growth of Real Estate industry. According to him, the example of Shanghai in terms of development of Housing & Urban Infrastructure is more relevant to Indian conditions than European or American cities. Over 860 member developers and experts from the real estate sector, senior professionals from the financial world and ancillary industries attended the event.
The three-day long convention aimed at facilitating knowledge and learnings on the global best practices in the industry against the backdrop of competitive economies - China and India. At the convention, CREDAI launched first-of-its-kind “Housing Data Project” on the Housing industry of India. The Housing Data project is a maiden attempt at understanding and analyzing real time data in the Housing Sector. It will provide details of housing stock, fresh project launches, absorption and the unsold inventory in 12 biggest urban agglomerations of the country on a quarterly basis. CREDAI & Cushman Wakefield also launched a joint report on ’Embracing Change: Exploring Growth Markets for Indian Housing’. The report traces the major factors at work which determine housing demand and supply in Tier II and Tier III cities.
CREDAI for the first time hosted an exclusive CREDAI B2B 2016 expo at the Convention. The expo bought together major Chinese suppliers of building material and technology.
Speaking on the occasion Mr. Getamber Anand, President – CREDAI said, “NATCON serves as a knowledge platform for the real-estate ecosystem to learn from International best practices and discuss key issues pertaining to the Indian Real Estate sector. Our aim is to exchange ongoing technological developments, policy regulations and market insights from some of the top-thinkers in the industry directly.”
Mr. Irfan Razack, Chairman – CREDAI added, “The global economy is getting more and more interconnected. The saying that the flutter of a butterfly's wing can ultimately cause a typhoon halfway around the world has become a viable possibility. CREDAI understands this and in our own way want to prepare for the future. We have always focused on reforming the Indian Real Estate sector and understand that to do so we need to look at multiple avenues, from policy to technology and even human experiences. This forum provides us the right mix of all this, enabling us to take back global learnings and apply it locally.”
The conference included 14 powerful sessions which touched upon various topics relevant to the industry. The Key Note Address on day 1 titled ‘Enter the Dragon’ highlighted the achievements China has made in the economic front and presented some key takeaways for other economies and industries to follow. Sessions on Indian economy and market (Ride the Tiger), future technological specifications (Ideas for a Smarter Tomorrow) and affordable housing (All you can build in a 30 square meter home) were some of the other notable ones that focused on the growth of the industry. The conference also saw discussions on future opportunities in real estate namely retail, industrial & warehousing, assisted living and commercial space. There were also special sessions on digital marketing, deciphering demand numbers and RERA (Demystifying RERA). Mr. Pranay Chulet, CEO- Quikr led the day one session on ‘Starting from Scratch’ on starting and building an organization. Day two saw James Law’s session on smart technology ‘Technology and Innovation in Construction: Ideas for a Smarter Tomorrow’ as well as ‘India v/s China’ panel with Mr. Shashi Tharoor (M.P). A special interaction with Mr. Sanjay Dutt on the final day of the event about his life and the lessons he learnt from it gave the event a touch of glamour and humanity, marking the end to this international forum.
The event was concluded with the closing remarks by CREDAI Chairman, Mr Irfan Razack; President, Mr. Getamber Anand and President – Elect, Mr. Jaxay Shah. Some prominent guests who attended the event included dignitaries and keynote speakers such as acclaimed author and former diplomat Mr. Shashi Tharoor (Member of Parliament, India), Mr. James Law (Founder and CEO of Cybertechture), Mr. Pranay Chulet (Chief Executive Officer, Quikr) and Bollywood acclaimed actor, Mr. Sanjay Dutt.
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