National Real Estate Summit
Photo Caption: (L-R) Mr. Ranjeet Mehta- Director- PHD Chamber, Mr. Alok B Shriram- Sr. Vice President- PHD Chamber, Mr. Shankar Agarwal- IAS secretary- Ministry of Urban Development Govt of India, Mr. Rajeev Talwar- Group Executive Director- DLF & Chairman of Housing Committee PHD Chamber, Dr M Ravi Kanth- IAS, Chairman & MD- HUDCO, Mr. Manish Agarwal, Co Chairman Housing Committee- PHD Chamber unveiling the Report on Smart Cities by PHD Chamber & CRISIL.

PHD Chamber of Commerce and Industry organized a National Real Estate Summit 2014 recently in New Delhi for unveiling a special report on Smart Cities prepared jointly by PHDCCI & CRISIL.

The occasion was graced by Mr. Shankar Aggarwal, Secretary Ministry of Urban Development; Dr. M Ravi Kanth, Chairman & Managing Director HUDCO; Mr. Alok B Shriram, Senior Vice President of PHD Chamber among others

In his welcome address, Mr. Alok B Shriram urged the government to reduce the cost of borrowing for the housing sector, explaining that this can be achieved by providing interest subvention for low income borrowers.

"Housing faces a disproportionate incidence of taxes amounting to more than 35 per cent of the cost of a completed unit. This can be partially alleviated by giving tax treatment of SEZs to affordable housing projects and providing benefits under Section 35 AD to the real estate sector", he said.

Dr. M Ravi Kanth in his presentation called for reduced rates of interest for housing activities and setting up of smart cities so that these come up within the stipulated time period. He, however, cautioned that credit exposure should be restricted to those entrepreneurs who wilfully turn defaulter and discourage the financial institutions to narrow their exposures for real estate activities for fear of increasing their non-performing assets.

The white paper on Smart Cities, brought out by PHD Chamber & CRISIL and jointly released by Mr. Shankar Aggarwal, Dr. M Ravi Kanth and Mr. Alok B Shriram, however, emphasizes the setting up of a Central Planning Authority for expediting and monitoring the completion of 100 smart cities project and suggested that the authority should act as a regulatory body for them to ensure compliance.

The proposed authority, according to Mr. Shriram, is required to manage and provide single window clearances for smart cities creation since the real estate developers are currently subjected to multiple approvals from Centre and States which hinder housing activities in the country and the smart cities should fall under exclusive domain of the suggested authority.

Post unveiling of the white paper, there were two technical sessions in which various issues such as funding, setting of business center in the proposed 100 smart cities, global collaboration, heavy use of technology, etc whose solution will speed up the process of building of these proposed cities were highlighted by the penalists in their presentations.

Ms. Binaifer F. Jehani Director, CRISIL Research, in her presentation waxed eloquent on the structures of the 100 smart cities and gave elaborate presentation discussing the necessity of making these cities to be self sufficient urban centres which should have business set ups for providing work to the inhabitants. She expected 8-10 years are needed for building these cities and wanted incorporation of technology in the different areas of infrastructure of the cities to ensure speedy service delivery to people.

Mr. P K Tripathi, President, Unitech Ltd in his presentation touched upon the issues integral to the project completion and emphasized on new policy to be made for land acquisition that should integrate farmers into economic development process. He gave the example of Mexico that made low cost housing and stressed on the need for global tie-ups and green building energy efficiency.

Mr. Tushar Pandey, Senior President & Country Head, Yes Bank noted on making the housing affordable as part of the 100 smart cities and suggested on having national skill development program to keep physical infrastructure in tandem with IT. Collaboration was also a value loaded word of his presentation.

Dr. Kunal Banerji, CMO, M3M India Ltd in his presentation urged the government and bureaucracy to define the scope of smart cities and give guidelines to be followed by builders of these cities. He wanted the current global practices to be adopted in the smart cities projects. Dr. Banerji picked instances from his teaching and global working experience to convey the impression that technology is the most sought after by the people especially youth so that they can get access to a plethora of day-to-day services while sitting before their computer screen, including medical check-up. He echod how girls wanted technology to be used by security personnel to provide them round the clock security wherever they moved in the smart cities.

Other penalists too gave their presentations emphasizing the need of removal of multitude of hurdles in the smart cities projects, with government acting as facilitators and private sector bringing in the much needed funds.
Bauma Munich - the world’s leading trade fair for construction machinery, building material machines, mining machines, construction vehicles, and lifting equipment was held from October 24 to 30, 2022. Over 50% visitorship was international

Read more ...

With around 3,200 exhibitors from 60 countries, and over 495,000 visitors from ~200 countries, bauma Munich 2022 exceeds Industry expectations. Bauma Munich - the world’s leading trade fair for construction machinery, building material machines

Read more ...

Roads & Highways Minister Nitin Gadkari exhorts equipment manufacturers to focus on cost-effectiveness and adoption of alternate fuels. “There is a huge scope for bringing innovative construction technologies, which will not only increase the pace of road construction

Read more ...

You can’t always have picture perfect conditions, especially when the rain chooses to pour relentlessly, unmindful of the fact that you have set the stage in an outdoor area. Yet, the rain could not wash away the enthusiasm at the event, even when it flooded

Read more ...

The 2023 CICEE agreement signing ceremony was held in Changsha International Convention and Exhibition Center on 18 May 2022. About 300 representatives from world-renowned main parts companies, national business associations, international authoritative industry

Read more ...

The 2nd edition of India’s conference on CVF Off Highway held at Eros Hotel, Nehru Place, New Delhi, brought together senior professionals from the construction, mining, earthmoving, tractor, and agriculture equipment industry

Read more ...

ICEMA organizes 3rd Finance Conclave to tackle financing issues faced by Construction Equipment buyers for taking up infra development projects. ICEMA’s third annual conclave was held on 15th March’22 at Hotel Taj President

Read more ...

Sharp Ply commemorated its completion of 21 years as a leader in the formwork industry with a grand celebration at Sakleshpur, Karnataka in March 2022. Guests and team members from Hyderabad, Chennai, Surat, Raipur, Vijayawada, Delhi

Read more ...

ICEMA organizes 3rd Finance Conclave to tackle financing issues faced by Construction Equipment buyers for taking up infra development projects. ICEMA's third annual conclave was held on 15th March '22 at Hotel Taj President in Mumbai

Read more ...

The Construction Equipment Rental industry is changing fast, and to stay relevant, rental companies will have to reinvent, consolidate, and find new avenues for growth. This was the focus of discussions at CERA’s virtual workshop on

Read more ...

Sandvik Mining and Rock Technology India was awarded the CSR Leadership Award for its efforts in 'Environment Conservation' at the 10th India CSR Awards in Bengaluru on 10th December 2021. The award was received by Ravi Arora, Marketing and CSR head from

Read more ...

The Japan-India Institute for Manufacturing (JIM) is the outcome of India’s and Japan’s commitment towards the ‘Manufacturing Skill Transfer Promotion Programme’. Through JIM and another project titled ‘Japan Endowed Courses (JEC), 30,000 candidates

Read more ...

Ferrocement Society India is promoting the ‘magical’ ferrocement technology for the last 13 years and has since organized 6 national conventions. The 6th Convention was held in Pune during 12-14 November 2021 at Firodiya Auditorium

Read more ...

The first international press conference of 2023 Changsha International Construction Equipment Exhibition (CICEE) took place in Shanghai during the China International Import Expo. Representatives from 64 domestic media and more than 10 international media

Read more ...

The KVMRT Putrajaya Line project has recently been recognised by three prestigious industry awards, namely: the Major Project of the Year (with a budget of over 500 million Euros) at the ITA Tunnelling Awards 2021, hosted virtually by the International

Read more ...

Rex Fuels in association with CSIR-CRRI organised a National Conference on Bitumen & Road Sector with the theme ‘New Technologies for Better Roads’ on 25th November 2021 at Taj Palace, New Delhi. The event, which saw over

Read more ...

As humanity reeled under the onslaught of Covid-19 and the resultant uncertainty, the world applauded the millions of essential services workers who toiled tirelessly at great risk to their personal health

Read more ...

Despite the pandemic, Changsha International Construction Equipment Exhibition (CICEE 2021) became a huge success with 1,450 exhibitors showcasing their products and technologies on an exhibit area

Read more ...

In an online event, GHH India along with its mining contracting subsidiary, GHH Bumi Mining Service, was awarded ‘Best Performing Business Partner’ by Vedanta Group/Hindustan Zinc Ltd (HZL)

Read more ...

In order to fully implement General Secretary Xi Jinping’s instruction on "building Hunan into a nationally advanced, important highland of manufacturing industry" during his inspection of the Hunan province

Read more ...