CREDAI hosts a Curtain Raiser on NATCON 2010

  • Provides an insight on the objective and relevance of organising the convention to discuss ‘Affordability’ – The new paradigm for Indian realty development, its opportunities and challenges
  • Announces the world largest NRI Real Estate Exhibition 2010 to be held in Dubai on January 21st – 23rd, 2010

credai-logoThe Confederation of Real Estate Developers’ Associations of India (CREDAI) hosted a curtain raiser on the 14th of December on the forthcoming NATCON 2010 – India’s premier Real Estate development conference. NATCON 2010, CREDAI’s 9th National Convention (January 23 – 25, 2010) at the Atlantis Hotel, Dubai expects to witness industry leaders from India’s top developers’ organisations, finance institutions, fund managers, bankers, researchers, real estate professionals and reputed international experts discuss on the objective and relevance of organising the convention to discuss ‘Affordability’ – the new paradigm for Indian realty development, its opportunities and challenges. The programme also highlighted the concern areas of affordable housing which will be deliberated at the NATCON 2010 to meet its growing need and thereby ushering sustainable economic growth of the country.

Speaking on the occasion, Mr. Kumar Gera, Chairman, CREDAI said, “Affordable housing today being the most effective possible solution available to address the crucial housing needs of the country, NATCON 2010 will be a vital platform to explore, understand and discuss the possibilities of implementing the same in the most efficient manner in India. This would be an excellent opportunity for all stakeholders of the real estate sector to evaluate the present scenario and obtain workable solutions in this area to convert the dream of ‘Affordable Housing for All’ into reality. We have organised this curtain raiser to help understand the criticality of the issue and our objective in resolving it through practical initiatives and efficient planning.”

From L to R: Dharmesh Jain, Nainesh Shah, Santosh Rungta, Prakash Challa, Ranjit Naiknavare and Rajesh Chowdhury

The curtain raiser also provided an insight into the current state of real estate industry and trends when Mr. Kumar Gera, Mr. Santosh Rungta, Mr. Niranjan Hiranandani, Mr. Dharmesh Jain, Mr. Anuj Puri, Mr. Jai Mawani and Mr. K G Krishnamurthy discussed upon the growth opportunities of Indian realty sector at an edifying panel discussion organised during the programme.

CREDAI in its Endeavour to offer value to the end consumer also announced the organizing of the World’s largest CREDAI NRI Real Estate Exhibition 2010 which will be held concurrently at Al Nasser Leisure, Dubai between 21st to 23rd January 2010 where approximately 8,000 expats from the UAE are expected to attend and 100 Developers from across the country are expected to participate.

India today faces a phenomenal demand for affordable housing up to the tune of 25 million housing units in the urban areas. With the government’s steady emphasis on addressing the critical housing needs of the country, CREDAI, which is committed to serve the industry is thus organising NATCON 2010 aiming to bring in the stakeholders of the real estate industry from all over India who will put in their views and opinions, discuss and debate and work towards solutions to address critical issues such as costs-technologies-escalations, financing to customers, markets, effective systems of post possession maintenance, building volumes without diluting quality and many such issues which all lead to the growth of affordable housing in India. NATCON 2010 seeks to be a melting pot of opinions and views regarding critical aspects of the industry. Through debate, research findings and solution-oriented discussions, NATCON 2010 seeks to take stock of recent developments and outline directions for the future of real estate.

NATCON 2010 will also bring in the best minds of the industry to discuss on ‘Affordability’ which is the new paradigm for the Indian Real Estate sector. The Convention will aim at understanding the dynamics of affordable housing in India, the issues involved and probable solutions in the presence of the Chief Guest at the Convention, Mr. Deepak Parekh, Chairman of Housing Development Finance Corporation Limited (HDFC), who also headed the high level task force formed by the Government of India on ‘Affordable Housing for All’. Mr. Parekh will share valuable insights and knowledge on the scenario of affordable housing in India and the way forward in this sector. NATCON 2010 will also touch upon important facets such as technological solutions for building affordable houses, financing, and valuable learning and case studies from stalwarts representing the banking and financial institutions like Mr. S Sridhar, Chairman & Managing Director, Central Bank of India and others.

Mr. Dharmesh Jain, Vice President, CREDAI and Chairman of the NATCON Organising Committee, said, “NATCON 2010 being crucial on developing the much required affordable housing scenario in India, this curtain raiser will help us understand the magnitude of the problem and how CREDAI is trying to arrive at a favourable solution in this matter for the benefit of the people at large. The Real Estate Awards is another initiative wherein CREDAI has associated itself to help promote the organised real estate sector and also encourage healthy competition amongst the private developers in the country.”

Mr. Nainesh Shah, Secretary CREDAI, also provided an introduction on the CREDAI NRI Property Exhibition 2010, the world’s largest NRI real estate expo, which is being held from 21st – 23rd January 2010 at Al Nasr Leisureland in Dubai. The prestigious exhibition will witness participation from 100 reputed Developers from across India. The exhibition is expected to attract more than eight thousand affluent UAE NRI’s to attend the event. In order to ensure that the developers get maximum response, several lucky draws including 2 Corolla Cars will be given out to the winners who book properties during the exhibition.

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