18th August 2016, Mumbai | Timing - 12pm to 5.30pm
Agenda for 22nd September Real Estate Appraisal 2016
11:30 - 12:00 Registration & Welcome Tea
12:00 - 13:00 FSI Implications - Post DC Rules
Speaker: Ar Prem Nath - CEO , Prem Nath & Associates
The implication on the FSI post the new DC Rules is going to be a positive one, w.r.t. the development – city FSI being enhanced, TDR transfer system being eased, FSI being allowed on gross area (incl. RG) and added FSI benefits on reserved land; plus better FSI enabled for Affordable Housing is all a good sign and shall help boost the current real estate development scenario.
About Speaker: Ar. Prem Nath has taken leading initiatives in the field of Architecture & Real Estate. He has many FIRSTS to his credit incl. The first ever Revolving Restaurant in the country for Ambassador Hotel in Mumbai India’s 1st Health Spa & Body Rejuvenation Center, at Golden Palm Resorts, Bangalore, First Multiplex-Mall Fame Adlabs at Citimall, Andheri Mumbai, 1st fast-track I.T. Building. Prem Nath has recent won the coveted HUDCO Design Award for Green Architecture. Ar. Prem Nath has been practicing since nearly 50 years now not only involves himself in all aspects of Architecture, Structure, MEPF, and Project Management but is also a Chartered Engineers, Certified Valuer and a Real Estate Appraisers and involves himself for large corporate valuations, and is on panel of various companies as an Advisor for Real-Estate Investments, FDI.
Speaker: Ar Prem Nath - CEO , Prem Nath & Associates
The implication on the FSI post the new DC Rules is going to be a positive one, w.r.t. the development – city FSI being enhanced, TDR transfer system being eased, FSI being allowed on gross area (incl. RG) and added FSI benefits on reserved land; plus better FSI enabled for Affordable Housing is all a good sign and shall help boost the current real estate development scenario.
About Speaker: Ar. Prem Nath has taken leading initiatives in the field of Architecture & Real Estate. He has many FIRSTS to his credit incl. The first ever Revolving Restaurant in the country for Ambassador Hotel in Mumbai India’s 1st Health Spa & Body Rejuvenation Center, at Golden Palm Resorts, Bangalore, First Multiplex-Mall Fame Adlabs at Citimall, Andheri Mumbai, 1st fast-track I.T. Building. Prem Nath has recent won the coveted HUDCO Design Award for Green Architecture. Ar. Prem Nath has been practicing since nearly 50 years now not only involves himself in all aspects of Architecture, Structure, MEPF, and Project Management but is also a Chartered Engineers, Certified Valuer and a Real Estate Appraisers and involves himself for large corporate valuations, and is on panel of various companies as an Advisor for Real-Estate Investments, FDI.
13:00 - 14:00 Networking Lunch
14:00 - 14:45 Real Estate Appraisal 2016
Speaker: Mahesh Khalap - Local Director Capital Markets, JLL India
Realty experts believe that the year 2016 has begun on a positive note for the sector and may witness a pick up in sales with an improvement in the number of unsold inventories. The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces.According to data released by Department of Industrial Policy and Promotion (DIPP), the construction development sector in India has received Foreign Direct Investment (FDI) equity inflows to the tune of US$ 24.19 billion in the period April 2000-March 2016. Overall, there is a considerable improvement in the sentiments for the real estate sector.
About Speaker: Mahesh has over 14 years of total work experience in real estate valuation, real estate development advisory, physical planning consultancy and architecture design consultancy. As Local Director in Capital Markets team at JLL India he focuses on land asset divestment for key corporate clients / large landlords. In his immediate past role as Head for Strategic Consulting Business for Mumbai office, JLL and as Lead for Real Estate Valuation for West India Region for JLL he has Expertise in real estate advisory with over 120 completed consulting projects spanning from development feasibility studies to bespoke research for market mapping and city profiling.
Speaker: Mahesh Khalap - Local Director Capital Markets, JLL India
Realty experts believe that the year 2016 has begun on a positive note for the sector and may witness a pick up in sales with an improvement in the number of unsold inventories. The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces.According to data released by Department of Industrial Policy and Promotion (DIPP), the construction development sector in India has received Foreign Direct Investment (FDI) equity inflows to the tune of US$ 24.19 billion in the period April 2000-March 2016. Overall, there is a considerable improvement in the sentiments for the real estate sector.
About Speaker: Mahesh has over 14 years of total work experience in real estate valuation, real estate development advisory, physical planning consultancy and architecture design consultancy. As Local Director in Capital Markets team at JLL India he focuses on land asset divestment for key corporate clients / large landlords. In his immediate past role as Head for Strategic Consulting Business for Mumbai office, JLL and as Lead for Real Estate Valuation for West India Region for JLL he has Expertise in real estate advisory with over 120 completed consulting projects spanning from development feasibility studies to bespoke research for market mapping and city profiling.
14:45 - 15:45 REITs & InvITs - Have they Finally Arrived
Speaker: Adv Anil Harish - Partner, D M Harish & Co
REITs and Infrastructure Investment Trust (InvITs) are attracting the right amount of interest, given their potential to raise funds, free up capital for developers and create an alternative asset class for the investors looking for stable yields. With the exemption from dividend distribution tax finally being extended in the Union Budget 2016, most of the issues surrounding REITs and InvITs have been ironed out. SEBI has already come out with detailed regulations to govern the design and operation of REITs and InvITs. REITs and InvITs are extended with special tax benefits resulting in higher high yields for developers and investors. The session would cover the regulatory and tax framework governing REITs and InvITs, advantages and practical aspects surrounding REITs and InvITs.
About Speaker: Anil Harish is a Partner at the renowned legal firm D.M. Harish & Co. His key areas of practice include Real Estate, International investments, corporate law, and taxation. Anil is also the Executive Vice President of Society of Indian Law Firms, Member of Managing Committee of Indian Merchants Chamber & Member of Advisory Committee of All India Business Council. He is Director in public companies such as Unitech Ltd, Leelaventure,Pantaloon Retail, Hinduja Ventures, Ashok Leyland& many more.
15:45 - 16:15 Coffee Break
16:15 - 17:15 Impact of GST on Real Estate Sector
Speaker: Sandeep Pareek - Director, Grant Thornton India
The industry is in the cusp of increased regulations, with bills such as the Real Estate (Regulation and Development) Bill in force now. GST is another development that will have a significant impact on this sector. The foremost thought in everyone’s mind is whether GST is indeed the solution to an industry riddled with complex structures and issues.
About Speaker: Sandeep is Director with a leading consulting firm M/s Grant Thornton India LLP. He has over 10 years of work experience in indirect taxes and has served several clients engaged in the field of Real Estate, Infrastructure, E commerce, Health Care, Information Technology and others. Sandeep started his indirect tax career with a renowned firm M/s S.S Gupta. Prior to joining the Mumbai practice of Grant Thornton, Sandeep also worked with with two of the Big four consulting firms. He specialises in providing advisory, compliance, audit and litigation support services, primarily in relation to service tax and value added tax. He has also represented clients before the settlement commission. Presently, he is also involved in providing GST related assistance to various clients.
Speaker: Sandeep Pareek - Director, Grant Thornton India
The industry is in the cusp of increased regulations, with bills such as the Real Estate (Regulation and Development) Bill in force now. GST is another development that will have a significant impact on this sector. The foremost thought in everyone’s mind is whether GST is indeed the solution to an industry riddled with complex structures and issues.
About Speaker: Sandeep is Director with a leading consulting firm M/s Grant Thornton India LLP. He has over 10 years of work experience in indirect taxes and has served several clients engaged in the field of Real Estate, Infrastructure, E commerce, Health Care, Information Technology and others. Sandeep started his indirect tax career with a renowned firm M/s S.S Gupta. Prior to joining the Mumbai practice of Grant Thornton, Sandeep also worked with with two of the Big four consulting firms. He specialises in providing advisory, compliance, audit and litigation support services, primarily in relation to service tax and value added tax. He has also represented clients before the settlement commission. Presently, he is also involved in providing GST related assistance to various clients.
Note: Every effort will be made to conduct this conference according to the agenda and dates posted. However unlikely, unforeseen circumstances may result in agenda changes.
