NAREDCO’s Global Investment Summit – 2018 to explore investment opportunities in Haryana, Uttar Pradesh

Summit to explore investment opportunities in real estate & infra sector in two states

· Special focus on key cities such as Gurugram, Noida, Greater Noida and Yamuna Expressway

Gurugram, 17th May 2018: NAREDCO (National Real Estate Developers Council), an autonomous self regulatory body which works under Ministry of Housing and Urban Affairs is organizing its 2nd Convention “Global Investment Summit 2018” on 1 June 2018 in Gurugram. The Summit will focus on exploring investment opportunities across Haryana and Uttar Pradesh and will lay special emphasis on the development authorities and investments opportunities across Gurugram, Noida, Greater Noida and Yamuna Expressway.

With real estate and infrastructure sectors being recognized as the fulcrum of the overall development, the one-day Summit will also have discussions to find and initialize a series of investments across these states within these two segments. In addition, the discussions will also cover other possible areas of investments across the two states.

Haryana has been leading in implementing reforms such as land rehabilitation policy, township policy, affordable housing schemes and the real estate regulation. State’s annuity based land policy has been a model for the rest of the country to follow. Recently, the formation of Gurugram Metropolitan Development Authority (GMDA) has proved to be another success for the state. Providing more focus, the GMDA’s formation will add to the development of the region.

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Economic and regulatory reforms in real estate sector such as RERA and their impact on the revival of realty and boost to investments will be discussed in the Summit.

Uttar Pradesh on the other hand has installed superb infrastructure in terms of highways and expressways all through the region. State’s thrust on improving the condition of power, agriculture, manufacturing and retail sectors has added to the overall investment attractiveness of the state. Special focus on affordable housing projects under various schemes such as PMAY and on the development of transit-oriented-development has brought significant progress in the state. Identification of seven key cities by the state government as priority cities has made non-central regions attractive for investment.

Both, Haryana and Uttar Pradesh are already leading in terms of all-round development and have been the front-runners in implementing reforms. This has made these states attract further investments. Commenting on the importance of the Summit, Mr. Parveen Jain, President, NAREDCO Haryana said, “The two states have become attractive for foreign as well as domestic funds focused on real estate and infrastructure. Smaller cities in the states have now become growth centres. State Government’s focus to decentralize the development and take the next phase of growth to tier II and III cities has made these states even more attractive.”

“Our focus is to maximize the outcome of these policies. The Global Investment Summit 2018 provides us a platform to discuss the latest reforms in the state and gauge the potential outcome of various policies implemented in the real estate and infrastructure sectors. Policy makers, industry leaders and experts at the Summit will gather to find solutions to the current challenges and compliances in respect to the evolved regulatory scenario. Their discussions and ideas will surely provide the sector a roadmap for the intended growth.” Mr. Jain added.

Sharing his ideas on the Summit, Mr. Pradeep Aggarwal, Treasurer of NAREDCO Haryana, said, “The Summit shall keep in mind the quantum of investments the country is going to receive across a number of sectors, including real estate and infrastructure. These sectors, however, require special attention, as these form the most essential basic necessities of the the society. Deliberations during the Summit will find investments avenues and seek ways to generate a favourable funding climate within these states.”

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Col,( Veteran) Prithvi Nath, VSM, Patron and Director General of NAREDCO Haryana elaborated,” The Summit marks the onset of ethics and transparency in the real estate sector on the foundation of education, training and dispute resolution mechanism introduced in Haryana as part of Public-Private-Peoples’ Partnership in NAREDCO”

Shri. Hardeep Singh Puri Union Minister of State with Independent Charge in the Ministry of Housing and Urban Affairs will inaugurate the convention in the expected presence Hon’ble Chief Ministers of Haryana & Uttar Pradesh, Shri Manohar Lal Khattar and Shri Yogi Adityanath. Also, Captain Abhimanyu Singh Cabinet Minister Haryana, Shri Satish Mahana Minister of Industrial Development, Uttar Pradesh and several other dignitaries and industry leaders are expected to attend the convention. On the occasion, the two chief ministers will also share their vision for boosting investments in the state.

Eminent dignitaries such as government representatives, leading developers, contractors, senior C-suite from banking, private equity firms will interact and ideate during the sessions planned during the day. These brainstorming sessions will focus on finding investment avenues within the two states and discuss key issues such as affordable housing, housing for all, urban landscape and planning across cities, Single Window Clearance Mechanism, and legal framework in the wake of evolving compliances amidst the newly implemented real estate regulation.

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