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NAREDCO Maharashtra to launch RealTech Fund to support start-ups and innovations ecosystem in real estate sector

Mumbai, September 8, 2023: NAREDCO Maharashtra developers are all set to announce the nation’s first-ever RealTech Fund (RTF) in their annual event, ‘The Real Estate Forum 2023’ in order to accelerate real estate growth. A press release issued by Naredco says that, the developers have initially committed a corpus of Rs 50 crore which will be further scaled as per the response to the fund. This fund promises to propel and accelerate the growth of the real estate industry in India through innovation and technology. The Real Estate Forum 2023 is scheduled to take place on September 15, 2023, at St. Regis Hotel in Mumbai. Atul Save, Hon’ble Minister of Housing, Government of India will inaugurate The Real Estate Forum 2023 and expected to shed light on the government’s vision for the sector. 

Commenting on the upcoming event, Sandeep Runwal, President of NAREDCO-Maharashtra and Managing Director of Runwal Group, expressed his enthusiasm, stating, “The Second Edition of the NAREDCO Maharashtra Real Estate Forum 2023 promises to be an insightful and influential gathering that will shape the future of Maharashtra’s real estate sector. With a lineup of esteemed dignitaries and industry experts, the event is set to foster growth, innovation, and collaboration in this dynamic field.”

Among Government officials scheduled to be present in the event include Valsa Nair, Additional Chief Secretary, Housing; Sanjay Mukherjee, Metropolitan Commissioner, MMRDA and Praveen Darade, Principal Secretary, Environment.

The annual conference will also feature figures from the financial sector, including Vipul Roongta, MD & CEO of HDFC Capital; Rajiv Sabharwal, MD & CEO of Tata Capital; Vishal Kampani, non-executive Vice Chairman of JM Financial Ltd and Ashish Mohta, Sr. Managing Director at Blackstone, who will share their valuable perspectives on the sector’s outlook.

The event will witness the participation of real estate industry leaders, including Niranjan Hiranandani of Hiranandani Group, Irfan Razack of Prestige Group, Atul Ruia of Phoenix Mills Group, Rajan Bandelkar of Raunak Group, Atul Choradia of Panchshil Realty, Abhay Chandak of Chandak Group and many more.