Monday, June 28, 2010

 

Realtors to professionalize for Growth
Two day National Convention being held at Chennai

                                                                                                                           28.06.10, Chennai : Realtors, who play a very significant role in the growth of the economy, particularly in the Real Estate sector have jointly decided to introduce best  International practices and raise operational standards.  To get this moving the  Second  Annual Convention of the National Association of Realtors – India 2010  (NAR –India 2010 ) will  be held at Chennai on  16th & 17th July  2010 at The Radisson Resort Temple Bay, Mamallapuram.  Chennai.  The convention is hosted by  Chennai Real Estate Agents Association. Registration can be done at www.creaa.in and www.narindia.com . Mr. GRK Reddy, Chairman, Marg Construction is the Key Note Speaker. He will give an insight on “ Marketing an Integrated Township”.  Realtors contribute crores of rupees  to the Government by way of Taxes etc.. This is apart from the value transacted directly by land, registration etc..

Addressing the media persons here, Mr. C. Suresh Reddy Chairman, National Association of Realtors – India 2010  said, “ With the arrival of MNC’s & NRI’s coming to set up shop in India, the demand for quality and professionalism at the grass root level  has gone up dramatically. The company’s want thorough professionalism backed by clear understanding of rules and regulations in any given city. This is what the convention will discuss thread bare. Chennai Real Estate Agents Association is registered  body and  is affiliated  to NAR ( USA) and the International Consortium of Real Estate Associations ( ICREA). NAR India has 10 Chapters and over 1000 members as of date. The members are pledged to a strict Code of Ethics and Standards of Practice. The formation of NAR India is a landmark by itself because India and the laws that governs real estate are different in each city therefore it is imperative for realtors particularly who operate in different locations to understand the nuances and the rules in each States.

Giving more details on Convention Mr. Jayant  Hemdev, Co- Chairman, NAR India 2010 said, “ The convention will present opportunity for all in the real estate sector, including realtors, developers &  representatives of allied industries – Valuers, Surveyors, Architects,  etc..  to interact and update themselves on the latest developments. We are expecting more than 500 delegates from all over the country  and  abroad to attend the convention. The convention will present an ideal opportunity for networking, learning and building partnership and cultivate new business alliances.

He further added that the various topics on the Real Estate industry will be discussed during the two days convention will be Residential, Commercial, Retail, Warehousing, logistics, Opportunities and challenges in the real estate sector, legal aspects of transactions, FDI Funding and Ethics  will be discussed. There will also be  presentations of case studies of successful real estate development and marketing.

There will be a  special session on  “ Marketing Real Estate for Profit” addressed by Mr. Marcus Wally, who is an international expert on the subject.  This session will help in acquiring  marketing knowledge and focused strategies.  Some of the eminent speakers are Mr. Ajit Chordia, MD, Olympia Tech Park, Mr. T. Chitty Babu, MD, Akshaya Homes, Mr. Prakash Challa, MD, SSDPL, Mr. Abhijit Malkani, MD, Real Team, Mr. Shakir Ahmed, MD, ETA Star Property,  Mr. Ramesh, Sr. VP, City SEZ, Mr. Hari Aiyer, Chairman & MD, Old Lane, Mr. Irfan Razack, Chairman& MD, Prestige Group, Mr. Pradeep Jain, Chairman, Parsvnath, Mr. R. Senthi, Dua Associates and others.”

"The role of a real estate consultant has evolved considerably over the last few years and today more than ever before, clients are reaching out more for our advice, acting on our recommendations, involving us in more strategic issues at an early stage and respecting us." Ramesh Nair, Managing Director - Chennai & Hyderabad, Jones Lang LaSalle Meghraj.

According to Mr. Abdur Ravoof, President Elect NAR –India, “The objectives  of NAR – India are to streamline and promote the real estate profession in India to achieve transparency, accountability, fair dealing and ethical practices for overall good governance and customer satisfaction in the industry. NAR –India  has been set up to service and ensure consumer satisfaction, thereby establishing credibility in the industry and facilitating profitability for practitioners. India has several thousands of realtors  or brokers operating in over 35 metropolitan cities. They represent interests of large corporations on the one side and domestic consumers on the other.

 

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