Get ready for the most anticipated event in the real estate industry!

7th Real Estate Awards and Construction Industry Leadership Awards 2024

Brace yourselves for the most awaited event in the real estate industry – the 7th Real Estate Awards and Construction Industry Leadership Awards 2024! Scheduled for Saturday, 4th May 2024, this prestigious event promises an evening filled with recognition, celebration, and networking opportunities for the crème de la crème of the real estate and construction sector.

Event Details:
Date: Saturday, 4th May 2024
Time: 6:00 PM onwards
Venue: THE CLUB, Courtyard II, D.N. Nagar, Andheri(W), Mumbai

The Real Estate Awards, presented by Realty Quarter, is an esteemed platform that acknowledges and applauds the exceptional accomplishments and contributions of individuals and organizations within the real estate and construction domain. This year’s awards ceremony will honor excellence in various categories including Best Residential Project, Best Commercial Project, Best Green Project, Best Affordable Housing Project, Best Architecture Project, Best Interior Project, Best Real Estate Company, Best Construction Company, and more.

Why should you Participate?
17 Years of Legacy & Trusted Brand in REAL ESTATE Media.
40+ Builders Developers & Construction Companies
10+ Leaders and Celebrities.
10+ Institutional Channel Partners.
10+ top Broker Association Presidents.
15+ Digital Media Platforms.
10+ Top Leading Club Members.
5+ Leading Newspapers
150+ RERA Registered Channel Partners.
50+ Top Real Estate HNIs, Investors & Buyers.
Architects, Interior Designers, Exporters, Importers & Corporate Owners.
300+ Respective Invitees & Guest
Return Gift: 200+ For Every Respective Guest.

Sponsorship Opportunities:
Various sponsorship categories such as Title Sponsorship, Gold Sponsorship, Silver Sponsorship, and Venue Sponsorship are available. For sponsorship inquiries, please call 9820659743 or 8279547396.
Visit: Real Estate Awards

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Qudify is an enterprise SaaS product which was launched in February 2022 with a meeting room and desk booking interface designed for employees. Within five months of its launch, they had traction of 40+ clients, 500+ users, and a 400+ monthly booking rate. With their latest product, a QR-based visitor self-check-in, they have acquired paid clients within the 1st month and generated more than 500 digital passes for guests and employees.

Visitor management system software that regulates workplace accessibility is a necessity in the modern day workplace. Qudify, provides hassle-free visitor check-ins to digitalize the use of future-ready workspaces, enhance employee experience and increase workplace safety by minimizing contact between employees and guests. Additionally, it keeps a time-stamped record of visitor movement, enabling good contact tracking in the event that it is required. Therefore, it is essential for a company to guarantee that an effective visitor management system is in place, all throughout the company.

The goal of Qudify is to improve workplace effectiveness and create a hassle free experience through digitization. Its visitor control system keeps track of who enters and exits your office and contributes to improving workplace safety and experience. The more traditional methods of visitor tracking, such as manually entering the information or maintaining an Excel spreadsheet, are eerily replaced by this solution.

Mr. Paras Arora, Founder & CEO, Qdesq said “In the presence of the changing times, if businesses wish to meet demands for staff/customer safety and convenience, they must invest in visitor management systems. As a leading provider of flexible office spaces and SAAS services, Qdesq is always looking for new approach to make their systems simpler and more effective for companies, as well as to offer a smooth and hassle-free experience for employees, contractors, and visitors. The demand for more visitor control over who enters the premises is anticipated to fuel the expansion of visitor management systems for large businesses.”

About Qdesq:

Qdesq is India’s largest marketplace & the fastest platform to discover, evaluate & book flexible workspaces with a presence across 60+ cities in India, covering 3800+ venues, transacting 4500+ desks a month, with plans to scale across 100+ cities in India, and achieve a monthly run rate of 10,000 desks booking a month by the end of this year i.e. 2022.

The mission of Qdesq is to redefine the commercial real estate (CRE) Industry’s Narrative from square feet to per-seat basis, from a rigid process of workspace acquisition to agile and on-demand. The company was founded with the concept of creating a one-stop solution for managed workspace procurement with a ‘Customer-First’ attitude.

www.qdesq.com

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Commenting on the impact on rental business, Dr. Sachin Chopda, Managing Director, Pushpam Group said, “The decision by the Government to implement the new GST rules will curb the rising demand for rental business across the real estate industry. In recent years, the rent has been an important source of income for many, therefore the current regime is going to impact the sentiments of the homebuyers for the period to come. The Government should soon intervene and provide a few measures that shall encourage the end-users to continue their investments.”

Reiterating the same, Mr. Jitesh Lalwani – President, Homesync Real Estate Advisory said, “The introduction of 18% GST on residential rentals will have a major impact on the homebuyers sentiments. The decision will also have a severe effect hampering the demand for rental real estate.”

“Rental businesses have become one of the major sources of income for people and with the new rule in GST, the residential rental market is expected to get impacted. Earlier the GST was only levied on the commercial properties that were open for rent, now focus has shifted to the current soaring residential rental market which might experience a little downside,” said Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory.

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The Securities and Exchange Board of India (Sebi) announced the auction on July 15, 2022, from 11 a.m. to 1 p.m. Office premises, residential flats, land parcels, shops, land & buildings in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli are among the properties up for auction.

More than 266 properties were auctioned off between November 2019 and March 2022, with a reserve price of Rs 1,297 crore.

The move followed a Supreme Court judgement in December 2019 for the sale-cum-monitoring committee, led by retired Justice J P Devdhar, to sell 114 properties owned by the firms within six months.

Citrus Check Inns and its directors were fined Rs 50 lakh by Sebi in December 2018 for failing to comply with its order, which prevented them from raising funds from the general public.

Sebi has received multiple investor complaints against Citrus, stating that Royal Twinkle’s directors were administering their Collective Investment Scheme (CIS) through Citrus.

The regulator had issued a four-year ban on Royal Twinkle and its four directors in August 2015 for illegally generating over Rs 2,656 crore in the guise of bogus “timeshare” holiday plans.

Furthermore, it had asked the company and its administrators to repay the money to the investors, along with the promised returns, within three months.

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Mumbai, 21^st December 2021: In a big move, Brihanmumbai Developers Association (BDA) and Central Mumbai developers’ Welfare Association (CMDWA) consolidate with NAREDCO Maharashtra.

National Real Estate Development Council (NAREDCO) a self-regulatory body formed under the aegis of the Ministry of Housing and Urban Affairs (MoHUA), Govt of India. It opened its state chapter in November 2015 under the leadership of founder and first president Dr. Niranjan Hiranandani.

Commenting on the occasion, Sandeep Runwal, President, NAREDCO-Maharashtra and Managing Director, Runwal Group, said, “We welcome BDA and CMDWA, 2 very strong developers associations to the NAREDCO organisation. We are honoured by the current recognition that NAREDCO is receiving among the developers.”

BDA and CMDWA have a combined membership of Over 750 Developers who are implementing housing projects under Development Control Regulation (DCR) 33-7, 33-5 & 33-9. These include cessed and non-cessed buildings including MHADA and estate lease hold lands.

With the joining of these two bodies, NAREDCO Maharashtra will now have over 4000 developers as its members to create the strongest and the most trusted developers governing body in the MMR region.

Speaking on the collaboration, Founder and Vice President, BDA, Harrish Kumar Jain said, “We are extremely delighted to associate with the most trusted entity in the real estate fraternity. With the same zeal and confidence, we ensure to build a platform that would create a win-win situation for both developer bodies and the potential homebuyers across the state.”

CMDWA under its Founder President & MD, PrinceCare Realty, Dharmesh Chheda claims credit for obtaining various restraining orders from Bombay High Court to protect interests of landlords and tenants in the matters of Heritage, Tenure on leasehold lands and also challenging the LUC matter pending in the Hon. Supreme Court and says that “coming under the aegis of NAREDCO will be highly fruitful for redevelopment of dilapidated cessed buildings in particular”.

 Rajan Bandelkar, National President, NAREDCO says “The United affiliation with NAREDCO and its newly appointed committee will take up issues affecting every developer like  levy of GST on redevelopment of tenant flats, Input Tax Credit in GST, MOFA, Environment, Streamlining issues at MCGM, Urban Development and Revenue Department, premium reduction, cluster redevelopment on MHADA and lease hold lands (ESTATE), Defence lands at Central level and help resolve them with a sense of fairness to make it a win win for citizens, authorities/ govt and the small redevelopers.”

In the year 2015, Prominent developers Hiranandani, K Raheja, Raunak, Ekta, Lodha, Nahar, Runwal, Narang etc came together to establish the State body of NAREDCO under the leadership of Dr. Niranjan Hiranandani as the founder and first president. Large corporate developers such as Godrej Properties, Tata Realty, L&T Realty, Mahindra Developers, Birla Estates, Raymond Realty, Piramal Realty, Peninsula Land, Sunteck etc also joined NAREDCO.

Some of the Members who have annexed and endorsed their positions into the New NAREDCO Managing Committee recently are Mr. Sanjay Dutt, Tata Realty, Mr. Venkatesh G, Shapoorji Real Estate, Mr. Abhishek Kapoor, Purvankara Developers, Mr. Vallabh Sheth, Sheth Creators, Mr. Navin Makhija, Wadhwa Group, Mr. Jay Goenka, Dynamix Group, Mr. Kirti Kedia, Transcon Developers, Mr. Manoj Vishwakarma, Dotom Realty, & Mr. Manish Bathija, Paradise Group.

“The National Real Estate Development Council (Naredco) has always strived to be the collective force influencing and shaping the real estate industry. And by welcoming the other two developers’ association it has proven to be an uninvolved and effortless entity,” says Abhay Chandak, Secretary, NAREDCO Maharashtra.

NAREDCO is the pavement to advocate the developing standards for efficient, effective, and ethical real estate business practices, valued by all stakeholders’ sector. It also works to create a sustainable environment conducive to the growth of the industry and government alike through advisory and consultative processes. Naredco shall continue to promote excellence and high standards of operations based on just and equitable principles in transactions relating to various operations of real estate business including building, construction, and marketing. Also, to encourage the co-operation among all enterprises dealing with and engaged in various aspects of real estate development.

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With a clear vision of bringing holistic development of the real estate sector across Maharashtra, Mr. Runwal aims to work closely with the Government bodies, to ensure success of ‘Housing For All’ initiative that aims to promote affordable housing in our country. Mr. Runwal shall be playing a massive role in streamlining the governmental processes to ensure timely delivery of homes by the developers to the buyers. His constant effort would be towards making the home loan available to all income groups so that no person is deprived of buying their dream home. He will also focus on the formation of new chapters, to expand the presence of NAREDCO across Maharashtra. His aim is to build trust between the customers and the developers by enhancing transparency, efficiency, and effectiveness in the sector.

 Shri Sandeep Runwal, President, NAREDCO Maharashtra said that “With the support from the Government, NAREDCO Maharashtra would create a demand recovery that will push housing sales; particularly in the affordable segment that will drive the ‘HousingForAll’ momentum. Taking over this baton, I will try and undertake various aggressive development measures and make my maximum contribution in strengthening the industry’s role in the economic development of the country. With the same zeal, my priority would be to revive the country’s major real estate market of Maharashtra and implement novel ideas to bring positive changes among the customers’ behavior towards the sector.’’

Mr Sandeep Runwal is the Managing Director of Runwal Group and spearheads the group across a portfolio of residential, commercial and organized retail. An alumnus of Harvard Business School and IIM Bangalore, he has led the organisation with a consistent emphasis on quality, execution, and timely delivery for over 30 years. He’s been awarded ‘Young Turks’ by CNBC TV 18 and ‘Lords of the Land’ in his career profile.

Welcoming Shri Sandeep Runwal in his new role, Dr Niranjan Hiranandani, National Vice Chairman, NAREDCO and Chairman & Managing Director of Hiranandani Communities, said, “With the cooperation from the Government authorities and officials, NAREDCO Maharashtra has been able to achieve a certain milestone despite the pandemic scenario. We are rest assured that Shri Sandeep Runwal’s invaluable guidance will bring progressive change for the real estate’s overall growth and development in the state.’’

 Shri Rajan Bandelkar, National President of NAREDCO and Convener, Housingforall.com welcomed Shri Sandeep Runwal in a new role. He said, “We are extremely grateful to all the members of NAREDCO Maharashtra, who has contributed their efforts in initiating reforms such as ease-of-doing business, support for HousingForAll initiative, zero percent stamp duty, community development activities, etc. with the support from the Government authorities and officials. Now, Shri Sandeep Runwal taking the leadership forward, his long-drawn knowledge and experience in the real estate sector would help in taking up further great initiatives that will impact the growth of the sector in this region.”

About NAREDCO

National Real Estate Development Council (NAREDCO) was established as an autonomous self-regulatory body in 1998 under the aegis of Ministry of Housing and Urban Affairs, Govt. of India. It is in this year that the Government of India redrafted the National Housing & Habitat Policy, giving due importance to the Housing and Real Estate sector, thereby declaring housing for all citizens by the year 2010. The Indian housing and real estate sectors and the allied industries hailed the establishment of NAREDCO, as the apex national body for the real estate industry and visualized it as a single platform where Government, industry and public would discuss various problems and opportunities face to face which would result in speedy resolution of issues. It was formed with the mandate to induce transparency and ethics in real estate business and transform the unorganized Indian real estate sector into a matured and globally competitive business sector.

About Runwal Group

Established in 1978, Runwal Developer is one of Mumbai’s premier real estate developers, operating in the residential, commercial and organized retails verticals. With a robust track record of 51+ delivered projects with over 20 thousand happy families, the company has continuously striven to keep the ‘customer’ as a focal point in the designing, planning and construction of all its projects.

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Pune, 30^th September 2021: Excellaa, a major player in the real estate sector in Pune has launched, ‘Excellaa Tremont’- a premium residential project that guarantees utmost luxury at a desirable price in the heart of Keshav Nagar- Mundhwa, Pune. The project witnessed an unprecedented response from buyers with more than 100 bookings and over 690 families visiting the venue within just two weeks of launch.

The Excellaa Tremont will comprise a 14-storey building with two-bedroom premium flats at the most convenient location. These thoughtfully designed flats are priced within Rs 50 lakh (all inclusive) keeping in mind the requirements of a happy family. By assuring quality life Excellaa has aspires to Rise Up and Above the growing demand for remarkable residential projects. The project will have 746 units upon completion.

The project has a unique layout and is the biggest rooftop development in east Pune. Excellaa Tremont features a comprehensive line up of 30 – plus premium rooftop amenities such as rooftop swimming pool, sky gym, sky amphitheatre, sky musical garden, sky jogging track, sky gaming area, sky lounge, sky readers den, sky artistic sculpture, sky buffet area amongst others.

Mr. Kishore Jain, Managing Partner, Excellaa said, “Excellaa Tremont is designed to satisfy rising lifestyle aspirations of all age groups. We believe in creating value-plus assets that promise to grow in appreciation in the coming years”. He further adds,” the project reflects a contemporary statement, with its appealing architecture, impeccable looks and a sense of grandeur rising amid acres of landscaped greens, hinting at the urbane lifestyle.”

“It was a dream for us to buy a house.  So, before spending our life-time savings, we wanted to choose the right builder and project. We went around Keshavnagar seeing many properties. But it was Excellaa that fulfilled our dream.  We saw the sample flat, learnt about builder’s reputation, project’s proximity, luxurious amenities and construction quality, then and there we decided to book a flat at Excellaa Tremont,” said Mr. Pandit.

The ease of Living index 2020 released by the Ministry of Housing and Urban Affairs ranked Pune as the Second easiest city to live in. Being an IT hub, there is a surging demand for premium residential space in Pune, particularly in Keshav Nagar due its proximity to prestigious area like Koregoan Park.

Moreover, the locality has all the best facilities to grow as the most attractive destination for individuals and corporates. IT professionals, corporates working in Magarpatta, Kharadi, Kalyaninagar too will prefer Keshav Nagar. Also, Lohegaon airport, Pune railway Station, well-known educational institutes, hospitals, social and entertainment centres are easily accessible from our project.

Mr. Nilesh Agarwal, Managing Partner, Excellaa said, “At the present scenario property rates are at their real value. As the city’s realty sector transforms its landscape, Pune is emerging as an attractive real estate hotspot in urban India. The demand for homes is growing at a high pace and we are now witnessing the correction in the real estate market. In coming days, we can see a surge in property deals as the current trend in real-estate investment is moving towards upward side.  We are concentrating on designing and constructing homes that will fit middle-class pockets and also raise their quality of living to new levels of delight.”

Pune’s growth into one of the most promising cities of India has brought unprecedented dynamism to its skyline. Excellaa Tremont strategically located in Keshav Nagar, is adding more colours to it by providing affordability, comfort and connectivity.

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From April 1, 2019, GST of 5% will be charged on non-affordable housing developments that do not qualify for Input Tax Credit (ITC). For ongoing projects, the builder can pay GST at the previous rate of 12% with ITC, which implies that taxes paid on inputs can be written off.

According to a CA, favourable advance decisions for the tax department are unavoidably followed throughout the assessment. If the taxpayer (say, a builder) adopts a different strategy, there will be litigation.

The sale agreement, drafted by Thane-based residential building firm Puranik Builders, was typical of most builder agreements, with two components displayed separately. These were charges for the primary construction operation as well as “additional charges.”

Charges for installation of electric meters, water connections, advance maintenance and club-house maintenance (before society was founded), legal costs, and other expenses were included in the latter. These fees were collected from buyers at the time of signing the contract or handing over possession of the units.

While the builder was collecting GST at 18% on such “other charges,” it sought a decision from the AAR on the relevant rate. It claimed that the services underpinning the “other charges” should be regarded as a single supplier (bundled with the supply of the main construction activity). As a result, the GST rate on the primary supply (currently 5% for new projects) should be applied.

According to the AAR, the consideration is charged individually for various services. It went on to say that it was amusing that while stamp duty was paid on the value of the flat’s sale (excluding the value of “other charges”), resulting in reduced stamp duty, when it came to GST payments, the builder claimed that the other costs were part of the primary building activity. The AAR determined that an 18% GST will be levied on the services that are the basis for the other charges. The builder must pay GST on the whole amount received as “other charges,” with no refund.

According to an indirect tax specialist, “no one will buy a flat without an electricity or water connection.” Buyers expect the builder to maintain common amenities until society is created. As a result, considering such charges as non-composite may increase complexity and expenses in the real estate sector.”

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According to the announcement, IPPB would make LIC Housing Finance Ltd’s (LICHFL) home loan products available to its clients across India through its robust and wide network of 650 branches and more than 136,000 banking access points.

LICHFL will handle credit underwriting, processing, and disbursement for all house loans under the strategic partnership, while IPPB will source the loans.

The partnership with LICHFL is part of IPPB’s goal to broaden its product and service offerings, as well as to meet the banking and financial requirements of various clients across the country, particularly the unbanked and underserved.

Through agreements with insurance firms, IPPB already offers general and life insurance products. According to the statement, credit products are a natural extension for clients at the final mile.

IPPB employs over 200,000 postal personnel (postmen and Gramin Dak Sevaks) who are equipped with micro ATMs and biometric devices for doorstep banking. This will play a key part in LICHFL’s home finance offerings.

“Easy access to financing for home purchases is a critical requirement for attaining equitable growth. The collaboration with LICHFL is a key step forward in IPPB’s mission to become one of the largest platforms for our clients to get credit products to suit a variety of demands,” According to J Venkatramu, MD & CEO of India Post Payments Bank.

LIC Housing Finance MD & CEO Y Viswanatha Gowd stated that the strategic MoU with IPPB will assist the firm in deepening its market penetration.

“It will allow us to expand LICHFL’s home loan product reach into hitherto unexplored areas across the country. We consider this strategic collaboration as a key step that will support our long-term company growth and enhance our market share, with an unrivalled presence of post offices,” he stated.

For salaried persons, LIC Housing Finance provides house loans beginning at 6.66% for loans up to Rs 50 lakh.

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Only 53 lakh dwellings could be supplied to the poor in the previous 30 years, Yogi remarked while giving keys to 5.41 lakh PM Awas Yojana (PMAY) and CM Awas Yojana (CM Awas Yojana) beneficiaries (CMAY).

In contrast, he said that the BJP administration supplied 41.73 lakh homes in rural and urban regions in four years, a record. “It was only after Prime Minister Narendra Modi took office in 2014 that the poor were linked to different government programmes without regard for caste, region, or religion,” said Yogi, who also met with recipients from Ayodhya, Varanasi, Rae Bareli, Bahraich, and Kushinagar.

According to him, many were unable to get the whole amount under the PMAY plan. “Previously, there existed corruption and discrimination,” Yogi added, emphasizing that Jan Dhan accounts created in banks in accordance with PM Modi’s instructions closed leakages and ensured that the poor received the whole amount.

The CM questioned recipients if they had got benefits from other programmes, like as Ujjwala, Saubhagya, and Ayushman. The CM insisted that the residences supplied to the needy under PMAY and CMAY were part of the BJP government’s pro-people agenda at the federal and state levels. Yogi praised the Lakhimpur Kheri government for supporting the “cluster method,” under which the poor were supplied with dwellings and amenities including as electricity and piped drinking water in a township-like environment in Landanpur village.

“Previously, nepotism and casteism stifled progress. However, when the people elect a decent administration, benefits from programmes reach every poor person,” Yogi said. He said that the state government was pleased that 70% of PMAY’s owners were women, bringing them closer to PM Modi’s aim of making women “atmanirbhar” (self-reliant).

Yogi has pushed for the collaboration of economically sound rural households and the state government in order to improve village infrastructure. “People should not be completely reliant on the government. Instead, they should assist in bringing socioeconomically disadvantaged individuals into the mainstream,” he said.

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