India’s real estate sector was perfectly positioned to take flight stepping into the year 2020. After three years of significant changes, be it demonetisation, GST, RERA, or the NBFC crisis, the sector was starting to witness favourable headwinds from higher transparency and efficiency. With the onset of the pandemic last March, there was a broad-based negative impact to the real estate sector. With business activities gradually gaining pace and expectations of a rebound in the Indian economy in the coming period, several pertinent questions have come to the forefront – Is India’s real estate sector likely to see a new growth cycle? What sort of permanent changes will the sector have to prepare for? Will any of the asset classes return to pre-COVID conditions?
As per a JLL report, there are clear signs of demand coming back as market fundamentals continue to remain strong with investors scouting for income yielding assets. Responding to an increasingly well-informed consumer base and bearing in mind the aspect of globalisation, Indian developers have shifted gears and accepted fresh challenges.
For the last 12 years, the CII Realty & Infrastructure Conclave has been one of India’s leading platforms for industry leaders to discuss opportunities, share insights and predict the course for the industry. This year, the theme of the conclave is What’s next: The future of real estate, where we discuss the future of various asset classes in a post-pandemic world. On one hand, there is renewed demand in segments such as industrial and property management while other segments like office and residential are re-strategising. We’re also seeing several noticeable transformations underway including faster adoption of technology and focus on sustainability. As businesses re-open in a staggered manner, it is imperative to brace ourselves to any further short-term jolts and be ready to embrace the impending prospects of growth in the medium to long term period.
We are delighted to invite you to join us in this virtual thought leadership conclave which will see participation from prominent industry thought leaders and dignitaries from across asset classes and cities. We look forward to seeing you there.