Hyderabad to be host for India’s biggest real estate event

Hyderabad, August 6, 2019: Hyderabad to be the host for India’s biggest Real Estate event “11th NAR India Convention & Expo”. The convention comes to Hyderabad for the second time. It will be held at HICC on 24th and 25th August this year. Addressing a press conference here in the city today, Sumanth Reddy Arani, President—Hyderabad Realtors Association; President-Elect –National Association of Realtors—India said, the objective of this mega convention is to streamline and promote the profession of real estate and real estate brokerage in India so that we achieve transparency, accountability, fair dealing and ethical practices for overall good governance in the industry. The objective is also to promote ethical and standard business practices in real estate consulting. Image of Real estate broker, who is now known as Realtor is not the same anymore. A career as a real estate broker is now highly valued and respected, he says. Hyderabad plays a major role in realty sector in India. Two realtors from this city D. Sridhar Reddy and Vijay Saradhi has become its National Presidents. Now the third one Sumanth Reddy Arani is elected to be National President informed Shailender Singh, Chairman, NAR India convention. Adding further he shared that there is a scarcity of Grade A Commercial Space in the Hyderabad city. The grade A Commercial space consumption is on the rise at 8mn Sft and inching towards Bangalore which consumer’s 13mn sft. The government's thrust on urban development and infrastructure development comes to a big boost to the realtors' community. Addition of 25 million homes, 40 million dwelling units and 98 smart cities by 2022, has further enhanced the growth of the real estate and ancillary services sector The introduction of the Real Estate Regulation and Development Act has changed the dynamics of the sector. Additionally, RERA recognizes property agents, who are essential facilitators of real estate transactions. RERA has done another good to the growth of the property finder’s fraternity in the country adds Shailender Singh, Chairman of NAR India Convention 2019. A professional real estate broker and agent has to register to be able to facilitate a real estate transaction going forward. A customer must insist on working with a RERA registered realtor to ensure accountability. In order to remain relevant brokers they are needed to upgrade their skills through various educational programs offered by NAR INDIA, as their role evolves from just mere introducers to well informed key service providers or facilitators of a real estate transaction. This enhances their credibility and gives the customer a better service experience. It is also helping them to earn an additional fee based on their value-added offerings. Today the same old brokers emerged as the Property Transaction Specialists with informed knowledge on various verticals such as housing, office spaces, retail, warehousing, lands, conducting financial feasibility for projects etc he adds. Now the government too recognizes its role and involved NAR India in drafting the RERA bill. In this light of the background, this convention will take place in Hyderabad. It will be formally inaugurated on 24th August in the morning at Indias largest convention center HICC. Jagadish Adasada, Vice President of Hyderabad Realtors Association informs, Mohammed Asif Iqbal a physically challenged person who is currently working as Associate Director at PricewaterhouseCoopers (PwC) and uses technology efficiently to make tough jobs seem like child’s play will be one of the the Key Note Speakers to motivate the delegates and demonstrate that “Nothing is impossible” is just not a quote but a possibility. Sanjeev Kapoor the celebrity chef, entrepreneur and television personality and the host of longest-running show of its kind in Asia Khana Khazana; Devdutt Patnaik, an author known for his work in mythology and interpretations of ancient Indian scriptures, stories, symbols and rituals, Rajendra Srivastava, ISB Dean, BVR Mohan Reddy, Chairman of Cyient, Niranjan Hiranandani, Satish Magar will be some of the speakers amongst 30 odd speakers to be present and delivering power packed 15 to 18 sessions, he adds. What started small in the year 2007 as an idea to bring the real estate industry together for conversations, exchange of ideas and networking and to be the voice of realtors under one umbrella is grown so big and it is in 12th year holding its 11th Annual convention which is one of the most awaited realty business conclaves in the country says Samir Chopra, Co Chairman of the convention. Adding, Sarith Jonalla, Honorary Secretary of Hyderabad Realtors Association said, It is hosted by Hyderabad Realtors Association (HRA), the local arm of NAR- INDIA, a national professional body of Realtors. It has over 3,200 Organization/ 30,000 plus Realtors/ Consultants as its members, with 44 Associations, spread across 38 cities and 16 States. Over the decade NAR India has transformed the way Realtor Professional is perceived in India. NAR-INDIA is the umbrella organization to over 44 member associations and 20,000+ realtors in the country Hyderabad Realtors Association (HRA) is hosting the convection together with Confederation of Real Estate Associates CREA(I), the National Body of National Association of Realtors-India (NAR-INDIA). Indian School of Business (ISB), Hyderabad and The School of Planning and Architecture (SPA), New Delhi, a deemed to be University are the knowledge partners for the NAR India as well as to the 11th Annual Convention. NICMAR prestigious management institute is the Industry Partner. The theme of the convention is the “Game Changers”. The Game Changers is for anyone who has an intention to explore, understand and grow in the Real Estate industry. 1500 delegates from across India and the world are expected to participate in India’s largest realty convention. The convention brings realtors, developers, investors, and other stakeholders in the real estate industry, from India and around the world together to interact, learn and create meaningful business connections with each other. The Convention also provides the ideal opportunity for developers to showcase their work to realtors and investors. Likewise, it also gives realtors and investors a chance to obtain accurate information about the latest projects and investment opportunities of developers from across the country. The learning and interactive sessions that will be held over the 2-day convention provides every participant with a better perspective of the growth and future of the real estate industry. A lot of knowledge sharing sessions are planned concurrently along with the convention. The delegates will get an opportunity to learn from the best of the best domain experts, industry leaders, developers, architects, lawyers, investors, venture capital firms, real estate professionals, corporate real estate heads, project & facility managers, chartered accountants and financial institutions from the world overtake the stage at Game Changers. The convention will also play host to national and international speakers of fame from various fields associated with the Real Estate industry. These talks will help those in attendance learn from the experience and understanding of the stalwarts. The convention is supported by national bodies like CREDAI and NAREDCO. With knowledge partners like the Indian School of Business (ISB) and School of Planning and Architecture, Delhi (SPA), NICMAR the participants of the convention will gain valuable information in terms of opportunities, market growth and economic factors affecting the industry. NAR-INDIA has over 30,000 members and 48 chapters across India. It is the top representative body and advocacy group for those in the Real Estate Transaction Advisory. Formed in the year 2008, over the period of last one decade, it has transformed the way Realtor Professional is perceived in India. NAR-INDIA strongly believes in the strength of relationships and continues to maintain numerous international affiliations such as NAR, AMPI, AREAA, IEA and AEGI to help its’ members network globally. The professional brokerage business in India has grown up on leaps and bounds in the recent past. The Realtor Profession as a profession has arrived and grown on fast strides. Today it gets all the respect and value that it truly deserves adds Shailender. The role of Realtors, i.e brokers cannot be undermined. A large portion, nearly 80 per cent or even more real estate transactions happen in India with the involvement of brokers. Realty professionals are instrumental in the cycle of property buying and selling. Realtors are dream fulfillers of people. They help people realize their dreams. Real estate in India - a sector that has contributed much to the country's economic and industrial development - is in urgent need of reform. This was the realization that launched NAR-INDIA, the credible voice of realtors in India. Realtors are no longer confined to the sidelines of the real estate sector. They are the real protagonists who advise, inform, connect, negotiate and keep the market going. NAR-INDIA aims to enlighten Indian realtors and train them to imbibe and adhere to international best practices, thus inspiring investor confidence. NAR-INDIA is founded on the principles of ethics, transparency, accountability, good governance and rule of law. Realtor's fraternity is too huge in this country. Hyderabad alone has 3000 to 4000 realtors. The profession all over the world is several hundred years old. The National Association of Realtors (NAR) USA a North American trade association has over 1.1 million members. Today many big-time property developers regard Realtors as their potential business associates. Ours is the noblest profession says D. Sreedhar Reddy, Founder of APRA in the year 2008 who subsequently went on to become NAR India’s national president. “Realtors is the only profession, where our consultancy fee is charged only after the successful completion of the deal”, he says