Bangalore to Host NAR – India 7th Annual Convention

• Brings together prominent delegates from Technology, Finance & Real Estate sector
• To announce the key highlights and the objective of the conference

Bangalore, Aug 18, 2015: After successfully hosting six annual conventions – NAR India (National Association of Realtors) brings to Bangalore the seventh edition of the conference to be held on 22^nd & 23^rd August, 2015. The conference is aimed at bringing together industry leaders and realty experts of National and International repute under a common roof to discuss crucial issues pertaining to the real estate industry facing India.

The convention promises to be the biggest realty congregation in India with an expected convergence of over 1200 delegates of different Nationalities. The two-day event will be attended by a rich mix of delegates from realtors, developers, financial institutions and corporate & real Estate heads. With such a vibrant culmination of delegates from different walks of life, the event will be packed with engaging and enlightening activities such as educational programs, expositions, panel discussions, brain-storming sessions and cultural activities.

Aamer Azeemi, Managing Director, Cisco Consulting Services quoted, “We are very pleased to collaborate with the government and industry to develop digital solutions for the infrastructure sector and smart cities in India. Our vision of the Internet of Everything is that we will live in a world where everything—and everyone—can be connected to everything else. In Bengaluru, Cisco’s remote expert government services for remote FIR filing are a powerful showcase of how technology can transform the delivery of citizen services and improve the quality of life of citizens. In India, the real estate industry has a huge opportunity to embrace the Internet of Everything and help enable a digital India. By using digitization technologies, the real estate industry can play a transformational role in enabling safer streets, smarter homes and healthier and better-educated citizens.”

“We have the right leadership and thinking in the country but cannot expedite processes due to time taken to get approvals which is normally 36 months. Ultimately the project we bring to customers becomes expensive due to appreciation. The way forward for authorities could be to take affidavit from developers, architects and give a go ahead to them for construction. That way accountability is also ensured”. “In India, the southern region looks more promising – for instance, 60% bank loans are coming to the south, and customers can avail them at below 10% interest rates, hence the south is better placed for investment. Bangalore alone is anticipated to witness the creation of 5lakh jobs by 2020 which means requirement for creation of housing facilities to absorb this influx. Retail demand in Bangalore is

second highest in the country (after Delhi) so the market for it also looks promising. Investments/properties between 50lakh to 1 cr will witness maximum boom because jobs will be created in the middle levels” – quoted Sushil Mantri, Managing Director of Mantri Developers Pvt. Ltd. & Vice President of CREDAI during the conference

This conference provides an opportunity to interact with about 50 professionals across the globe and over 1,200 delegates from across India and overseas. It also helps create a platform for over 26,000 companies and 1.2 million members across the globe to network seamlessly and do business – Quoted Mr. Farook Mahmood on the launch. CCI Newswire