Mumbai, Maharashtra [India], August 22, 2024: The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, is gearing up to host its flagship event, The Real Estate Forum (TREF) 2024, in collaboration with JLL as their knowledge partner. The highly anticipated forum will be held on August 29, 2024, at Hotel Trident, Mumbai, with a significant focus on India’s burgeoning residential sector. Now in its third edition, TREF 2024 promises to be more impactful than ever, setting the stage to shape the future of Maharashtra’s real estate industry.
A Platform for Industry Leaders
The forum will witness the participation of several dignitaries, including Maharashtra’s Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, and Maharashtra Housing Minister Atul Save. Over 500 industry professionals are expected to attend, making it a pivotal event for networking and knowledge sharing. The forum will also see JLL unveiling a white paper, providing critical insights into the current state and future trajectory of the real estate industry.
Prashant Sharma, President of NAREDCO Maharashtra, expressed his excitement for the event, saying, “The Real Estate Forum 2024 is set to be a cornerstone event for the industry. It will address the challenges and opportunities in the real estate sector and drive forward the changes necessary in policy matters to support the industry’s growth.”
Key Topics and Discussions
TREF 2024 will feature an extensive lineup of keynote speakers, panel discussions, and interactive workshops, addressing a wide range of topics crucial to the industry’s evolution. Attendees can look forward to in-depth discussions on government policies, the diversity of the residential market, redevelopment challenges, real estate financing trends, and the much-needed amendments to RERA 2.0.
Some of the key discussion topics include:
- MahaUrban Revolution@2047: Exploring government policies driving the real estate sector.
- Real Estate Spectrum: Insights into opportunities beyond the residential market.
- Urban Tapestry: Analyzing the diversity of India’s residential market.
- Rebuilding Mumbai: Examining the challenges and opportunities in redevelopment projects.
- Unlocking Capital: Trends and innovations in real estate financing.
- RERA 2.0: Discussing the necessary amendments to the Real Estate (Regulation and Development) Act and its implementation.
The Future of Real Estate in Maharashtra
As the Indian real estate sector undergoes significant transformations driven by government reforms and initiatives, The Real Estate Forum 2024 aims to be a crucial platform for industry leaders to navigate the evolving landscape. Recent quarters have seen a surge in home sales, as more buyers recognize the value of home ownership. Developers are calling for further reforms to enhance transparency, streamline the home buying process, and reduce bureaucratic hurdles.
Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL, highlighted the promising future of Mumbai’s real estate market, stating, “With the completion of key transit infrastructure projects and the upcoming Navi Mumbai Airport, the residential and commercial sectors are set to witness unprecedented growth. Mumbai’s residential sales value is projected to surpass Rs 1.35 lakh crore in 2024 and grow at a CAGR of approximately 6.8% to reach over Rs 2 lakh crore by 2030.”
Conclusion
The Real Estate Forum 2024 is set to be a landmark event, offering a comprehensive platform for industry stakeholders to deliberate on the future of Maharashtra’s residential sector and beyond. With a focus on innovation, policy changes, and market trends, TREF 2024 aims to drive growth and shape the future of the real estate industry in Maharashtra.
