Lex WITNESS Convenes 2nd Annual Edition of Real Estate & Construction Legal Summit 2013

New Delhi, Delhi, India, Thursday, April 25, 2013 — (Business Wire India) — Lex WITNESS – India’s 1st Magazine on Legal and Corporate Affairs presented the 2nd Annual Edition of Real Estate & Construction Legal Summit (RCLS) 2013 in Delhi today for the stakeholders of Real Estate & Construction industry to come together and confer on the latest & upcoming implications of their businesses to formulate a way forward strategy. The full day summit saw over 20 expert speakers engaging in a debate focused towards solving real time issues and providing practical solutions to challenges faced by in-house counsel and all stakeholders involved in legal and approval processes of various projects.

In an official message sent for the initiative;

Hon’ble Mr. Justice P. Sathasivam, Judge, Supreme Court of India shared that with the advent of globalization and liberalization in real estates and construction industries, it is essential to have in place a comprehensive legal framework not only to minimize the disputes and risks attached, but also to encourage global investors. The legal framework in this regard is still in its developing stage and requires vast diligence and inclination to arrive at a comprehensive law. I am confident that the deliberations and reflections in this summit will be of real assistance in fostering guidelines and suggestions for prospective reforms in this field.

Further, sharing his best wishes for the success of the Summit, Hon’ble Mr. Justice conveyed his greetings to the team of Lex WITNESS in choosing this very apt topic that is of utmost significance in the contemporary epoch.

RCLS 2013 focused on various key areas for discussion which included impact on the industry owing to recently passed Land Bill, decoding Real Estate Regulation Bill, analysis on CCI ruling, creating transparency in funding process, understanding legal risk & due diligence in purchase of land, FDI & Joint Venture Contracts, Litigation Strategies and understanding the approval process in different regions of India.

The summit gave a platform to all the panelists to share their knowledge and experiences on practices for managing approval processes, decoding impact on business and shifts in working structures by new regulations. Further, the discussion session by Mr. Sunil Thacker, Partner at Sunil Thacker Associates brought an insight on the challenges & opportunities presently in the Dubai real estate market.

Sharing his views on the issues discussed in the Summit, PBA Srinivasan, Editor-in-Chief, Lex WITNESS said , “The Indian real estate industry is witnessing a boom as the market size is expected to touch US$ 180 billion by 2020. Now, with a broad consensus on the contentious ‘Land Acquisition Bill’ in place, lots of fresh developments are projected.”

The expert speakers’ panel at 2nd Annual edition of RCLS 2013 included Vinod Dhall -Former Chairman, CCI, Sunil Mantri-Chairman & Managing Director, Sunil Mantri Group, Hemant Kumar -Group General Counsel, Essar Group, Rajinder Sharma -Director Corporate Affairs & General Counsel-South Asia, E.I. DuPont, Badrinath Durvasula -Vice President & Head Legal, Larsen & Toubro Ltd., Dr. Rajeev Uberoi -Group Head Legal & Compliance, IDFC Ltd., Sunil Thacker -Partner, Sunil Thacker Associates, R.L. Batta -Sr. Vice President – Legal, Jaiprakash Associates, S. Ramaswamy – Vice President – General Counsel & Company Secretary, JCB India, Sacchin Puri – Managing Partner, UCOL Advocates & Consultants.

Commenting on the significance of this summit in today’s time, Shyam Grover, Group Editor & CEO, Lex WITNESS said, “The 2nd Annual Edition of RCLS 2013 was conceptualized to discuss various strategies of the businesses & to discover practical answers for single approval process window, in the absence of which projects incur huge financial losses. With the government’s growing impetus on the infrastructure development, real estate industry is entering a promising stage & clearing all the obstacles in its way is the need of the hour. I am proud that RCLS has become a platform for all industry nobles to come together & ponder over the critical issues affecting the larger wing of the industry.”

RCLS 2013 initiative was supported by Sunil Thacker Associates, UCOL Advocates & Consultants, Mahendra Bhavsar & Co., Maheshwari & Co. as Associate Partners, Trust Legal Advocates & Consultants and Deepak Sabharwal & Associates as Kit Partners, SILF, ICCA, LCIA India as Fraternity Partners, Lawyers Club India, CA Club India, Tender Tiger, Tenders Info, National Bar Association of India, India Law Journal and Think Legal as Supporting Partners.

For the Editors :

WITNESS is a high quality monthly magazine with the power of fresh and original content that deals exclusively with subjects on legality. Some of India top-notch practitioners and experts contribute in WITNESS on subjects relevant to all stakeholders in this profession.

WITNESS, ever since its inception in 2009, has become India’s most credible platform for the legal luminaries here to opine, comment and share their views. With an interesting blend of opinion pieces, commentary, reportage, analysis, interviews and movements, Lex Witness is a monthly magazine that reaches out to the entire fraternity of General Counsel/ Corporate counsel and lawyers and law firms besides key decision makers, luminaries, experts, policy makers, bureaucracy and the industry captains in India.

www.WITNESSlive.in | For more details on the Summit visit www.rcls2013.com