The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, will host The Real Estate Forum (TREF) 2024 on August 29, 2024, at Hotel Trident, Mumbai, with JLL as the knowledge partner. The third edition of this influential event will focus on India's residential sector and feature prominent speakers including Maharashtra's Chief Minister Shri Eknath Shinde and Deputy Chief Minister Shri Devendra Fadnavis. The forum is expected to attract over 500 industry professionals and will include discussions on government policies, market diversity, redevelopment, financing trends, and RERA 2.0 amendments. JLL will also present a white paper with critical industry insights.
The National Real Estate Development Council (NAREDCO), Maharashtra Chapter, is gearing up to host its flagship event, The Real Estate Forum (TREF) 2024, with JLL as the knowledge partner. Scheduled for August 29, 2024, at Hotel Trident in Mumbai, this event will concentrate on India's Residential Sector. Entering its third edition, TREF 2024 is composed to be even more influential, aiming to direct the future of Maharashtra's real estate industry.
The forum will feature a distinguished roster of speakers, including Maharashtra's Chief Minister Shri Eknath Shinde, Deputy Chief Minister Shri Devendra Fadnavis, and Maharashtra Housing Minister Shri Atul Save. This year's event is anticipated to attract over 500 industry professionals, providing a platform to delve into the latest trends, innovations, and opportunities within the sector. Additionally, JLL will present a white paper offering critical insights into the industry.
Mr. Prashant Sharma, President of NAREDCO Maharashtra, expressed his enthusiasm for the upcoming forum, stating, "We are delighted to host The Real Estate Forum 2024, an event that will be pivotal in shaping the future of our industry. This year's forum is designed to tackle the pressing challenges and opportunities offered in the real estate sector. It will be our endeavour to bring forward the changes needed in policy matters with the government that will ably support the industry."
Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL said, "As Mumbai continues to expand, the completion of key transit infrastructure projects and the upcoming Navi Mumbai Airport promise to drive significant growth in both residential and commercial sectors, propelling the city's real estate market towards unprecedented levels of activity and value. Mumbai's residential sales value is projected to surpass INR 1.35 lakh crore in 2024 and grow at a CAGR of 6.8% to reach over INR 2 lakh crore by 2030. Developers have already acquired over 280 acres of land, translating to a development potential of approximately 42-48 million sq. ft and a sales potential of approx. INR 70,000 crore."
The Real Estate Forum 2024 will feature a range of keynote speakers, panel discussions, and interactive workshops, addressing a broad spectrum of topics vital to the industry. Key discussion topics will include government policies that drive real estate, the diversity of the residential market, challenges and opportunities in redevelopment, trends in real estate financing, and necessary amendments to RERA 2.0, among others.
In conclusion, The Real Estate Forum 2024 promises to be a significant event for shaping the future of Maharashtra's real estate industry. By bringing together key stakeholders and industry experts, the forum will address crucial topics and challenges facing the sector. The insights shared by speakers and the release of JLL's white paper are expected to drive meaningful discussions and policy advancements, supporting the continued growth and development of Mumbai's real estate market.
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