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News18.Com Marks The Success Of Their First Global Indian Realty Summit In Dubai

MUMBAI: News18.com, in collaboration with St. Angelo’s VNCT Ventures, had recently announced its first Global Indian Realty Summit (GIRS 2017) held at Fairmont, Dubai on 27th April, 2017. GIRS 2017 is a unique knowledge series that aims to facilitate  a platform to educate serious and professional real estate investors about the rapidly changing Indian real estate sector and the various in the Middle East and in India with the objective of offering a comprehensive overview of the Indian Real Estate scenario post demonetization, and the impact of GST and RERA on the industry.

GIRS 2017, in Dubai, witnessed the presence of renowned personalities such as Dr. Ram Buxani (Chairman, ITL-Cosmos Group) and Ms. Bindu Suresh(President, Indian Business & Professional Council) amongst others who shared the dais as panelists and speakers. V Nagarajan (Real estate publisher and Expert in Housing Realty Sector) played the key role of the moderator at the event. The panellists busted plethora of myths and educated attendees about the relaxed NRI investment norms in India as well as Foreign Direct Investment amongst other topics.

In addition to the global-leaders who graced the occasion as panellists, GIRS 2017 also welcomed the crème-de-la-crème of the Dubai business world who attended the event including Hemant J. Jethwani (Managing Director & CEO – FinAdvise consultants), Nitin Chauhan (Business head – Aspen) and Kailash Biyani (MD – Amsec) amongst others. All the panellists at the event including K. Vaitheeswaran (Advocate and Tax Consultant) and Amithraj A N (Director in PwC Tax & Regulatory Services (M&A)) established a great connect with the attendees and answered numerous queries pertaining to their areas of expertise within the real-estate sector.

Commenting on the policies of NRI Investment in the country, Expert Consultant and Real Estate Publisher, Mr. V Nagarajan shared, “NRI investment has been made much simpler now. Investment by NRIs will now be deemed as domestic investment on par with resident investments which include OCI and PIO cardholders. Residents can now remit home loan EMIs for NRIs.  Returning NRIs can retain their assets abroad.  They need not be repatriated to India and can be retained and invested outside India.”

In addition to policies, impact of demonetisation and the budget was discussed at length that threw light on how the budget for this year has given a virtual boost to the real estate sector. This indicated that the event captured various topics through the participation of numerous leaders as panellists and attendees marking the success of the event. Another highlight of the event was an inspiring conversation with Dr. Ram Buxani( recognized amongst the top Indian Leaders in the Arab World) who shared his success mantra with the audiences.  GIRS 2017’s triumph was also marked by a reach of over 700,000 views of the simulcast on social media platforms.

Riding on the success of its first edition, News18.com, aims to extend this knowledge series to  investors interested in real estate asset class in other crucial markets in the Middle East region such as Kuwait and Doha in July 2017.

Due to overwhelming response for such knowledge series in India, News18.com will also launch its first India series beginning with Chennai end of May.  Chennai knowledge series will cover topics ranging from residential markets, planning for suburbs and peripheral areas, topics on how to reach NRI investors, CDMA and DTCP with focus on NRI investment in Chennai markets.  Here News18.com is in discussions with Credai chennai chapter as well  to bring in industry expert views.

Relaxed FDI guidelines and other proactive government policies are now changing the real-estate scenario in India and with multiple investment opportunities the markets seem ripe for investment. News18.com will prove to be instrumental in continuing to inform and guide real-investors across the globe through GIRS, a one stop destination to unearth promising opportunities in the real estate sector in the country.