Mint Real Estate Conclave: Reviving Real Estate, Triggers Beyond Monetary Policy

Mint in association with Bloomberg UTVi organized a real estate conclave on Reviving Real Estate: Triggers Beyond Monetary Policy in Leela, Gurgaon on 23rd December 2011. The panel discussed about different issues that have slowed down real estate progress in the country. It discussed about the problems faced by developers, the financial institutes, the planners, the government and the policy makers. 

Mr.Navin Raheja in his conversation stressed upon going vertical, slum redevelopment, affordable housing to the masses and requested our Government to support this noble cause of providing roof over everyone. He gave an option of easy finance for poor wherein depending upon their capacity to pay everyone should be given loan and banks must help these poors getting a house. He concluded his remarks with advising people to invest in real estate as it is the only investment that yields excellent results in short span of time.

The panelist spoke about the solutions as to how planned development in the real estate could be incorporated at early stages so that latter the city doesn't get effected due to wrong planning. The eminent panelist included Navin Raheja, CMD, Raheja Developers, Getamber Anand,CMD,ATS, Gaurav Karnik, Associate Director, Real Estates Practice, Ernst Young Romi Roy, Senior Consultant, UTTIPEC, DDA Anil Padmanabhan, Managing Editor, Mint, Maneesh Srivastav, Head, HSBC, Vidur Bhardwaj, CMD, 3C Company.

Raheja Developers Signing Share Holding Agreement with Arabtec

Raheja and Arabtec have formed a Joint Venture company to construct projects of different developers in India apart from three projects of ours namely Revanta, Srishti and Phoenix.



Greg Christofides, CEO, Arabtec visited India and signed the Share Holding Agreement with Raheja at Raheja office in Sainik Farms.





From left to right: Greg Christofides, CEO, Arabtec and Mr.Navin M Raheja, CMD, Raheja Developers limited.



ET Realty Convention on

The Economic Times organized its 4th ET Realty Convention on "Building Delhi & NCR- Making Hub And Spoke Urbanization Work" at Hyatt Regency. The conference Agenda included Robust Regulations and Governance, Integrated Township Planning-Macro Direction and Local Area planning, Financing & Land acquisition. 

Mr. Raheja was invited as one of the panelist and he shared the dias with Ms. Kumari Selja, Minister of Housing & Urban Poverty Alleviation And Minister of culture Shri Saugata Ray, Minister of State, Ministry of Urban Development. Among others were T.K.Arun, Editor-Opinion, ET and Ashok khurana, member- engineer, DDA. In his speech Mr.Raheja suggested that by 2030, 40 per cent of India's population will be located in its major cities and metros. By 2040-45, that number is projected to cross the 50 per cent mark, according to the World Bank.

He raised his concerns on planning. And requested that planners have to ensure that demand for space and services are met, if one has to stop proliferation of slums in urban centres. Decentralizing growth is hugely needed as this will ensure development to the grassroots level.
They are already congested, their fragile infrastructure sagging under the weight of a burgeoning population, not to mention reckless, haphazard real-estate development even as limited land availability remains a given. The Delhi NCR region has been showing the highest per capita income growth for the whole of the country, during the last decade. The rise in disposable income is very visible in the growth of real estate and capital goods consumption in the region. Given the projected GDP growth for the country and the planned budgetary expenses for the region, it is safe to assume the continuation of a large quantum of investment in the infrastructure development for the region.

As such, the NCR is poised to continue as one of the fastest growing regions, both in per capita as well as population density , given the high immigration numbers. And it goes without saying that the region is well placed for investments in industrial, commercial and residential development thanks to the decongestion and better quality of life offered by the Hub and Spoke expansion model being implemented.