Making Bengaluru an international destination for investment

This was the key agenda at the State government-supported ‘National Association of Realtors India’ 10th annual convention

Published - October 26, 2018 06:06 pm IST

Delegates at the inauguration of NAR-India’s 10th annual convention in Bengaluru.

Delegates at the inauguration of NAR-India’s 10th annual convention in Bengaluru.

Over 1,000 delegates, national and international, converged in Bengaluru recently for the Government of Karnataka-endorsed NAR-India Convention hosted by the Bangalore Realtors Association - India (BRA-I). Pravin Phase, President NAR-India, Syed Naseer Hussain, Rajya Sabha MP, Irfan Razack, CMD, Prestige Group, Ayub Khan, Secretary NAR-India, Farook Mahmood, Founder President & Vice-Chairman, NAR-India, and Ravi Verma, Chairman NAR-India, inaugurated the convention.

The delegates included a mix of investors, equity funds, financial institutions, chartered accountants, developers, legal professionals, corporate real estate heads, venture capitalists, real estate professionals, project and facility managers, architects, valuers, realtors and other stakeholders.

The international investors affiliated to NAR-India promoted Bengaluru as a global investment destination. Leading international panellists participated in panel discussions, across the two days, providing an insight into the global perspective on investing in Bengaluru.

The event was packed with engaging and informative activities such as:

* Promotional booths by leading developers/sponsors

* Expositions

* Panel discussions

* Brain-storming sessions

* Educational programmes

Speaking at the convention, Mr. Farook Mahmood said, “The Indian real estate sector is the country’s second largest employer and is slated to grow at 30 per cent over the next decade. Bengaluru is expected to be the most favoured property investment destination for NRIs, followed by other cities. It is important that developers work on creating a Happy City – one that creates a favourable environment for residence and employment, on a large scale, to ensure that return on investments as well as demand, remain constant. There are several ways to do that and NAR-India 10th annual convention is one such where multi-stakeholders can get together and discuss how this goal can be achieved.”

Apex body

NAR-India, the only national-level organisation of realtors, has 46 city Associations of Realtors across India, collectively having over 50,000 members who are market leaders in the industry. NAR-India being the credible voice of realtors in the country has contributed to make the Central Government comprehend the role and function of realtors in this industry. The new regulatory environment will provide a good opportunity for members to emphasise the importance of having well trained realtors in real estate.

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