one-day conclave of Karnataka Builders & Developers is pinning hopes on the State Government to resolve some of the issues

Real estate sector slowdown is temporary: NAREDCO

With the real estate sector going through a difficult phase unsold inventory, financial crunch, government regulations etc -the one-day conclave of Karnataka Builders & Developers is pinning hopes on the State Government to resolve some of the issues. The Chief Minister, Shri. B.S.Yediyurappa who is inaugurating the conclave on September 25 is expected to give direction to the real estate sector which at the moment needs enormous push not only from the government but also other stakeholders.

The conclave, organised by the National Real Estate Development Council (NAREDCO), Karnataka, is going to discuss threadbare the challenges facing the real estate sector. The broad sessions are on : Impact of government policies (GST, RERA, NGT, local regulatory bodies etc); Ease of doing business (liquidity issues, banking support, innovative funding etc); Ground reality way forward (challenges, solutions and enablers); Opportunities big picture (Housing for all by 2022, economic contribution of real estate, big picture (Housing for all by 2022, economic in Tier 1,2,3,4 & rural housing, role of big, medium and small builders). The conclave is being held at the auditorium hall of the Federation of Karnataka Chambers of Commerce and Industries (FKCCI)

The conclave is being attended by several top notch builders, experts and government officials as the need for resolving the issues has taken priority. The President of NAREDCO Karnataka, Shri. Sathish Kumar said that the recommendations of the conclave would be submitted not just to the State Government but also the centre and respective departments. Some of the panellists include Dr. Niranjan Hiranandani of the Hiranandani Group; Dr. Rajeev Talwar of DLF; Dr. Gopalan of SDC; Shri. K.Sriram of Tapovan; Urban Development Ministry; Shri. Subhash Adi of NGT; BMRDA, BDA, BBMP and many others.

The Conclave is supported by other industry bodies like BAI, BREDAI, FKCCI

Shri. Sathish Kumar said that prior to the conclave, NAREDCO has held brainstorming sessions with the community of builders and developers to chalk out a roadmap for recovery of the real estate sector. The volatility of the market has impacted everyone, not just the builders and developers, but also the consumers and in this background, the conclave is expected to chalk out strategies. The Chief Minister is expected to activate the sector through proactive schemes and policies and NAREDCO will work with the government and help the sector to grow as ‘Housing for all’ is a challenge which has to be jointly addressed. A special task force (STF)) is being constituted at the conclave to not only give direction to the sector but also coordinate with government agencies.

Besides the panel discussions, the conclave also has set up a display of innovative housing products and solutions.

NAREDCO Karnataka invites builders and developers and related professionals to contact / Whatsapp the NAREDCO Karnataka Secretariat on the below mentioned number and provide their grievances, suggestions and recommendations, We will deliberate the relevant subjects in the conclave : Ravi Kumar Singh-97393 33033 and Rudraprasad 82173 32109.

City Today News



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