Real Estate Magazine

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From budget to boom: Naredco NextGen conclave 2025 set to shape the future of Indian Real Estate

Mumbai, February 06, 2025: INNOVATION, INVESTMENT, AND POLICY INSIGHTS TO DRIVE INDUSTRY GROWTH The highly anticipated NAREDCO NextGen Conclave 2025 is set to bring together the brightest minds in real estate to analyze the Union Budget 2025 and explore the industry’s future trajectory. As a premier gathering for next-generation leaders, the conclave will unveil key investment trends, innovative strategies, and policy insights that will define India’s real estate landscape for the next decade. Scheduled to take place in Mumbai, the event will serve as a dynamic platform for emerging entrepreneurs, leading developers, policy influencers, and investors to engage in impactful discussions, networking, and knowledge-sharing sessions. The agenda will cover the implications of Budget 2025 on real estate, sustainable urban development, financing models, and the role of technology in smart cities. At a time when next-gen realtors are transforming the industry through technology-driven solutions, sustainable business models, and innovative investment approaches, the conclave will offer valuable insights into opportunities in Tier II & III cities, green real estate, smart infrastructure, and alternative financing methods such as REITs, InvITs, and PropTech-powered funding solutions. The conclave will also feature an in-depth brainstorming session, “Decoding Union Budget 2025”, where industry experts will examine policy reforms, taxation updates, and government incentives impacting the real estate sector. Given its crucial role in India’s economic framework, discussions will focus on how budgetary provisions influence housing demand, infrastructure growth, and investment trends in the years ahead. According to Jay Morzaria, Chairman, NAREDCO NextGen said, “India’s real estate sector is evolving rapidly, driven by policy reforms, technological innovation, and changing market dynamics. The NAREDCO NextGen Conclave 2025 will serve as a catalyst for the next generation of real estate leaders, equipping them with the knowledge, networks, and strategies to navigate this transformation. By fostering collaboration between young entrepreneurs, industry experts, and policymakers, we aim to drive sustainable growth and innovation in the sector” Ravi Reddy, President, NAREDCO NextGen said, “Today’s young real estate professionals are more tech-savvy, investment-driven, and sustainability-focused than ever before. This conclave will equip them with the insights, industry networks, and strategic vision necessary to scale their businesses in an evolving market.” Dr. Niranjan Hiranandani, Chairman, NAREDCO Said, “The next generation of real estate leaders is driving a paradigm shift through technological integration, smart infrastructure, and sustainable urban planning. The NAREDCO NextGen Conclave 2025 will play a pivotal role in equipping young entrepreneurs with the tools, insights, and networks needed to embrace digital transformation, explore AI-driven solutions, and pioneer new-age investment models that will define the future of Indian real estate.” Highlighting the importance of fostering young leadership, G Hari Babu, President, NAREDCO National, emphasized, “The new generation of realtors is reshaping the industry by integrating innovation with responsible urban growth. The NAREDCO NextGen Conclave 2025 will be instrumental in helping them align with emerging trends, build influential networks, and future-proof their businesses.” Rajan Bandelkar, Vice Chairman, NAREDCO said, Technology adoption and innovation are no longer optional but essential for the next wave of real estate development in India. From PropTech to AI-powered analytics and blockchain-driven transactions, the industry is evolving at an unprecedented pace. The NAREDCO NextGen Conclave 2025 will empower young real estate professionals to leverage these advancements, create more efficient business models, and drive sustainable growth in the sector.” With rapid urbanization, shifting consumer preferences, and increasing digitization, the conclave is poised to be a landmark event, providing young entrepreneurs with the knowledge, tools, and partnerships needed to drive the next phase of growth in Indian real estate.

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Reduced Repo Rates to Keep Residential Momentum Going

Mumbai, 7th February 2025: In terms of the impact on the housing sector of the RBI’s decision to reduce the repo rates by 25 bps, this piggybacks on the recent taxation benefits announced in the Union Budget. As such, it is undeniably a major boost to the homebuyers, particularly for affordable housing buyers. Many first-time homebuyers who had been hesitating to take the plunge are likely to make their move now as home loan rates will reduce – as long as banks pass on the key benefits to buyers. This dovetails well with recent trends in the housing market, which continues to see strong momentum. Reduced home loan rates can help the overall positive consumer sentiment. Given that housing prices have risen across the top 7 cities in the last one year, this breather is welcome and timely. As per ANAROCK Research, 2024 saw average housing prices rise by anywhere between 13-30% in the top 7 cities, with NCR recording the highest 30% jump. The average prices in top 7 cities collectively stood at approx. INR 7,080 per sq. ft. in 2023-end, while in 2024-end it increased to approx. INR 8,590 per sq. ft. – a collective increase of 21% annually. Commercial real estate, especially office spaces, can also benefit from lower borrowing costs for businesses, and lower rates also make REITs more appealing since investors look for stable returns in a falling interest rate environment. That said, the rate cut may be less effective by rising property prices if inflation remains as high as it is now. Also, it remains to be seen if banks pass on the full benefit to borrowers in a timely and seamless manner. Anuj Puri, Chairman – ANAROCK Group

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Sunny Leone buys an Office Space in Mumbai for Rs 8 Crore

Mumbai, 5th February 2025 Actress Karenjit Kaur Weber (Sunny Leone) has purchased an office space in Oshiwara, Mumbai, for Rs. 8 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR). The transaction was registered in February 2025. The property purchased by Karenjit Kaur Weber is located in Veer Signature, a commercial project by Veer Group, located in Oshiwara. The locality is known for its vibrant lifestyle and strategic location near the Lokhandwala Complex. Well-connected by major roads and the Mumbai Metro, Oshiwara offers a perfect blend of urban convenience and modern living. As per the IGR property registration documents reviewed by Square Yards, the office space purchased by Karenjit Kaur Weber has a carpet area of 176.98 sq. m. (~1,904.91 sq. ft.) and a built-up area of 194.67 sq. m. (~2,095 sq. ft.). It also includes three car parking spaces. The transaction incurred a stamp duty payment of Rs. 35.01 lakh and registration charges of Rs. 30,000. Karenjit Kaur Weber purchased the office space from Aishwarya Property and Estates, owned by Anand Kamalnayan Pandit and Roopa Anand Pandit, as per the IGR property registration documents. Anand Pandit is a renowned film producer, distributor, and real estate developer and has backed films such as Total Dhamaal, Chehre, and The Big Bull. Veer Signature, a commercial project by Veer Group, spans 0.53 acres and offers office spaces ranging from 59.21 sq. m. to 193.04 sq. m as per RERA. According to Square Yards Project Data Intelligence, a total of 12 transactions, amounting to a gross transaction value of Rs. 202 crore, were registered with IGR in Veer Signature between January 2024 and December 2024. Other bollywood stars such as Amitabh Bachchan, Ajay Devgn, Kartik Aaryan, and Sara Ali Khan also own properties in the same building, as per Square Yards’ analysis of IGR property registration documents. Karenjit Kaur Weber (Sunny Leone), an actress, entrepreneur, and model, has made a significant mark in Bollywood with films such as Jism 2, Ragini MMS 2, and Ek Paheli Leela. She launched her own cosmetic brand, StarStruck by Sunny Leone in 2018. She has received accolades such as the Most Stylish Female Performer at the MTV India Awards and recognition at the PETA India Awards for her advocacy in animal welfare.

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Myths and Facts

About Real Estate Channel Partners Myth: Buying a property through a channel partner is more expensive. Fact: Channel partners are part of the builder’s sales strategy. Their fees are included in the developer’s marketing expenses, ensuring there’s no additional cost to the buyer. Myth: Online platforms and Google eliminate the need for real estate agents. Fact: While technology is useful, it cannot replace the personalized service and expertise offered by channel partners. They provide tailored advice based on factors like location preferences, budget flexibility, possession timelines, and family needs—something no website can fully replicate. Myth: Channel partners don’t play a significant role in property transactions. Fact: Channel partners drive a major share of real estate sales. In cities like Pune, 70% of transactions come through channel partners. Leading developers like VTP, VJ, Lodha, and Godrej rely heavily on channel partners for their sales success. Myth: Buyers must pay brokerage when purchasing new properties through channel partners. Fact: Channel partners do not charge buyers any fees for new property purchases. They earn commissions directly from the builder as part of the builder’s sales process. Myth: Anyone can become a broker or channel partner without training or qualifications. Fact: There is a clear distinction between unregistered brokers and professional channel partners. Channel partners must be RERA-registered and often come with professional experience in banking, insurance, or sales. Many also undergo formal training to provide exceptional service. Myth: Channel partners are only focused on selling properties. Fact: Channel partners offer comprehensive support, including helping with legal documentation, loan assistance, and post-sales services, making the home-buying process smoother for buyers. Myth: Builders don’t trust channel partners. Fact: Developers view channel partners as key stakeholders who help drive targeted sales, expand market reach, and enhance customer relationships through their expertise. Ravi Varma Chairman NAR INDIA About Builders and Developers Myth: Developers always delay project delivery. Fact: Delays are often caused by external factors like local authority government approval/NOCs, policy changes, or sometime supply chain issues. Reputed developers with RERA-registered projects adhere to strict delivery timelines, ensuring accountability and trust. Myth: Builders compromise on construction quality to cut costs. Fact: Respected developers use modern construction technologies, certified materials, and quality audits to ensure durable and safe structures. Transparency in construction processes has increased significantly due to RERA regulations. Myth: Builders inflate property prices to maximize profits. Fact: Property pricing reflects land costs, raw materials, labor, approvals, and amenities. Developers often work on competitive margins to attract buyers, especially in today’s price-sensitive market. Myth: Developers provide false promises and misleading project details. Fact: Under RERA, developers are required to disclose accurate project details, including carpet area, amenities, and delivery timelines. Non-compliance can lead to penalties, ensuring greater transparency for buyers. Myth: New projects have hidden costs that developers don’t disclose upfront. Fact: Transparent developers clearly outline all costs in the agreement and payment schedule. Buyers are advised to check RERA registrations and verify documents for clarity. Myth: Buying from a builder directly is better than going through a channel partner. Fact: Developers and channel partners work hand-in-hand to ensure buyers get the best deals, offers, and services. Channel partners also add value by offering personalized guidance throughout the process. Myth: Only big-name developers deliver quality projects. Fact: Several regional developers deliver high-quality projects while focusing on customer satisfaction. The key is to check their track record, RERA registration, and customer reviews before investing. Shantilal Kataria MD, Aditya Builders

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VK GROUP : Visionaries driving the Growth

VK GROUP Since its inception in 1973, VK Group has been instrumental in shaping the architectural and urban landscape of modern Indian cities, particularly in oestern and southern India. As one of India’s oldest and most respected frms, oe have groon to offer services in environmental design, urban design, architectural design, interior design, and operations services. These verticals – VK:a architecture, VK:e environmental, VK:i interiors, VK:o operations, and VK:u urban – collectively uphold their ethos of multidisciplinary offerings under one roof. Visionaries driving the Growth: AR. VISHWAS KULKARNI Founder and Partner at VK:a With over ifve decades of expertise, Vishwas Kulkarni has transformed Pune’s architectural landscape through award-winning projects and active contributions to policy and mentorship in AESA, IIA Pune, and other organizations.   AR. HRISHIKESH KULKARNI Partner at VK:a; Founder and Partner at VK:e , VK:u, VK:i MA Environment & Energy, Member, Architectural Association, London, BREEAM QA. Holding Directorship across all verticals, Hrishikesh Kulkarni utilizes 25+ years of experience to drive design and technical delivery with innovation, a global outlook, and a passion for technology and collaboration.   DR. POORVA KESKAR Co-Founder and Partner at VK:e environmental; Trustee, Sustainability Initiatives; IGBC Chairperson, Pune Chapter; LEED AP, TERI GRIHA Evaluator and Trainer, ECBC Master Trainer An architect, environmental designer, and educator with 25+ years of experience, Poorva Keskar specializes in climate-responsive and sustainable architecture, contributing as an expert on esteemed boards and committees.   AR. ANAGHA RAJ PUROHIT Co-Founder and Partner at VK:e environmental; Trustee, Sustainability Initiatives. M.Arch – Environmental Planning, ASU, USA; GRIHA Trainer, IGBC Evaluator. An architect and urban environmental planner with 20+ years of experience, Anagha Purohit’s professional work span across nations like USA, and Sweden and actively contributes to professional bodies, including GRIHA, BEE, IIEC, PBAP, CERDAI, and USAID.   APOORVA KULKARNI Head of Operations at VK Group. Trustee, Sustainability Initiatives. B Commerce, MBA (Marketing), Member of CIM (Chartered Institute of Management) UK Apoorva Kulkarni leverages 15+ years of experience to cultivate a high-performance, employee-focused culture at VK while excelling in process-driven management, PR, operations, and ISO certiifcation.   AR. VIJAY SANE Co-Founder and Partner at VK:u urban. Grad. Financial Markets & Property Investment, FINSIA, Sydney Afifliate member, Singapore Institute of Planners With 20+ years of international expertise, Vijay Sane excels in master planning, project management, and ifnancial oversight, highlighted by his work with Philip Cox and a published white paper on megaproject management. CONTACT US: 020 6626 8888

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Top Property Piks

International Property HARMONIA – City Garden Pattaya Treasures for Your Life Discover the exquisite Harmonia City Garden Condominium, a masterpiece of European architectural design nestled in the heart of Pattaya. This luxurious development seamlessly blends opulent living with a healthy lifestyle, personal wellness, and a genuine connection to Pattaya’s unique natural beauty. Our magnificent condominium complex offers an unparalleled quality of life, featuring stylishly designed condos that evoke happiness and fulfillment. The ground floor boasts expansive communal areas and recreational spaces, including a breathtaking swimming pool that encircles the entire complex, lush gardens, and more. This superb low-rise complex, adorned with welcoming decor, immerses you in an island-inspired ambiance, fostering a sense of harmonious balance. Harmonia comprises buildings with eight floors, each surrounded by pools, fountains, walkways, and gardens. Convenient underground parking provides easy access to various facilities, including restaurants, cafes, massage shops, and a rooftop bar with a garden landscape. This true oasis of five-star leisure and healthy lifestyle living offers an island vibe within one compound. Located in a prime central area of Pattaya, Harmonia City Garden ensures the happiness and lifestyle you deserve. It is conveniently close to all essential establishments for you and your family’s daily needs, with easy access to Pattaya’s popular attractions. Harmonia City Garden offers spacious one and two-bedroom units designed to evoke happiness and fulfillment. Located in Central Pattaya, it provides a tranquil, natural environment within four distinctive buildings: Castro, Diamond, Apus, and Bella. Our luxurious project features five-star facilities, promoting harmony between people and nature. The first floor fosters a sense of connection, while the upper floors continue to offer serene and fulfilling living spaces. Harmonia City Garden is the ideal place for a healthy, thriving lifestyle. Contact Us: +66 6-1985-7437 Commercial Property AP4 Tech Park by Amar Builders & Pristine Properties – Pune East AP4 Tech Park,a Pre-Certified IGBC Platinum Rated*, an IT Park located in Kharadi, spans over 17.35 acres and offers a range of IT Office Spaces. The expansive IT Park development has meticulously designed wings offering IT Office spaces of approx. 4 Million Sq.Ft. of Self-Sustained Campus. Configuration & List Price IT Offices – Each Unit Ranging from 13,615 Sq.Ft – 18,033 Sq.Ft Start at 18.10 Cr + Govt.Taxes.   Ambrosia Galaxy by Divyasparh Group – Pune West Ambrosia Galaxy is a boutique commercial project located at Pancard Club Road, Baner, Pune, offering premium office spaces with modern infrastructure. Strategically positioned near major highways and business districts, it ensures seamless connectivity. The project focuses on creating a vibrant work environment that fosters innovation and well-being. With state-of-the-art facilities and professional management, Ambrosia Galaxy supports business growth and success. Configuration & List Price Commercial Offices – Each Unit Ranging from 457 Sq.Ft – 1386 Sq.Ft Offices start at 1 Cr + Govt.Taxes.

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