The 5th Annual Real Estate & Construction Legal Summit 2016 its 5th Annual Edition of The Real Estate & Construction Legal Summit 2016 on 27th May at Le Meridien, New Delhi. With over 25 industry veterans as Speakers and 100 delegates from Real Estate & Construction Fraternity, the summit proved out to be a commendable knowledge-base for the industry.
While the Government has undoubtedly brought in a centralized regulatory framework that the sector was always in need of, what needs to be looked into is the intensity of the new rules. It seems that the new set of regulations may not be that easy going for the sector. Transparency, governance and accountability clearly stand out to be the core pillars of the new Act. As the respective states draft their laws, there is a lot in terms of check lists and preparedness kits for the developers to a day in the next one year’s time, when the Act would finally become a law. The session focused on the various facets and resultants of the new Act.
Manish Lamba, General Counsel, Bharti Realty – MODERATOR
Dr. Sanjeev Gemawat, Executive Director – Legal, Dalmia Bharat
Avdhesh Goel, Joint Managing Director, Earth Infrastructures
Hardeep Sachdeva, Senior Partner, AZB & Partners
Jogy P Thomas, CEO, ATS Infrastructure
Sahil Sethi, Associate, Saikrishna & Associates
Savita Singh, Partner, Khaitan & Co.
Vasanth Rajasekaran, Partner, Seth Dua & Associates
Neeraj Bansal, Partner and Head of Building, Construction and Real Estate, KPMG
Money matters have once again become a major discussion point at a stage where we see a new face of the Indian Real Estate Sector that is promising of a fresh environment. This would however definitely not become possible if there is insufficient financial dope that the sector has been missing for a long time now. While there are several reasons behind, the times to come stand potent of good and favourable investments in many forms and via various channels. However, with new set of financing models come new set of working challenges as well. The session aimed to deliberate on all the existing nuts and bolts of finance related hassles that the market faces and also highlighted the welcoming changes for an investor friendly air.
Gaurav Pandey, CEO & Director, Burman GSC – MODERATOR
Aseem Kohli, Vice President, Xander Advisors India
Girish Rawat, Partner, Dhir & Dhir Associates
Ravi Bhasin, Senior Associate, AZB & Partners
Vivek Agarwal, CFO, Jindal Realty
With new set of opportunities, come a new set of disciplinary challenges as well. Amidst scary penalising terms and rules, the sector stands with confidence of keeping correct intent in place and follow all that would need to be done under the new big daddy regulator! However, the earlier baggage seems to be still lying as heavy as it has been. With no clarity on what change will the existing regulatory approvals and clearances processesbring in, the sector looks scared in search of a an equally time bound reciprocation from the Government agencies. The session highlighted the additional red-tapeism developers will have to face now, especially when it comes to procuring relevant approvals!
Tushar Chawla, India General Counsel, Jones Lang LaSalle – MODERATOR
Dr. Sanjeev Gemawat, Executive Director – Legal, Dalmia Bharat
D.P. Singh, Managing Partner, DPSA Legal
Indranil Choudhury, Chief Executive Officer, Lexplosion Solutions
Jayashree Swaminathan, Director (CEO), Dhir & Dhir Associates
Pathik Arora, Assistant General Counsel, Interglobe Hotels
R.L. Batta, Joint President Legal, Jaypee Group
The Real Estate, Infrastructure and Construction sectors have been one of the most complicated sectors when it comes to dealing with contractors and consultants. The art of contracting defined further room for an err free business scope. It becomes imperative to take all grey areas into account to refrain from any disputes that may land into litigation and arbitration like processes. A technical expertise and know-how of the sector defines best how strong your legal and regulatory advisory arms are. The session picked up core areas of contracting, litigation and arbitration.
Ketan Mukhija, Senior VP (Legal, Corporate Strategy and Planning), SREI Infrastructure Finance – MODERATOR
Avijeet Lala, Partner, HSA Advocates
Sanjeev Ailawadi, Head Legal, Eros Group
Pooja Tiku, Deputy General Mananger – Law, IFCI
What globally is slacking down has realised a big market in India – yes, the concept of REITS. While this has been in the discussion books for long but things seem to be quite streamlined ever since the Government has taken certain decisions to relax the regulatory clouds around REITS. However, there is still a lot to be done on ground in order to make REITS dream come true in India. The session encapsulates all aspects related to REITS as a concept ever since its inception as far India is concerned and also focuses on the recent changes that have been brought in to ease out the processes as such.
Gaurav Pandey, CEO & Director, Burman GSC – MODERATOR
Nandita Tripathi, Partner, KPMG
Surabhi Arora, Senior Associate Director – Research, Colliers International
The summit ended with an exciting luckydraw with a Kindle as the Grand Prize of the day followed by Bluetooth and Desktop Speakers as runner ups. And the Winners are….
2nd Runner Up – Ramkrishna Sharma, KPMG
1st Runner Up – Shrutikirti Kumar, Shardul Amarchand Mangaldas
Grand Prize Winner – Pradeep Bhatia, Godrej Properties
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