ASSOCHAM and MoHUA announce Realty and Sustainability Confluence

In first of its kind initiative with Ministry of Housing and Urban Affairs, Government of India, ASSOCHAM, India’s apex industry body has announced India’s first Realty and Sustainability Confluence and Awards 2020, to celebrate and recognize the contribution of this sector towards Indian economy. The 7 days long mega platform from 27 November to 3 December 2020 will also focus on some of the key issues that these sectors have been facing and will provide a global platform to the stakeholders, policy makers and industry leaders to deliberate on various important matters pertaining to the growth and sustainability of Real Estate sector.

Dr Niranjan Hiranandani, President ASSOCHAM shared on the announcement of this initiative “Prior to the ongoing pandemic of COVID19, the real estate fundamentals were strong with leasing activity, launch of new projects, available capital and strong market demand. Due to the pandemic COVID19, Real Estate sector is also impacted badly. Migration of labour to their hometowns due to lack of work also had its impact on economy and have affected sentiments in real estate. However, due to recent re-opening of the economy, Realty sector has also started a process of revival.”

Mr Deepak Sood, Secretary General, ASSOCHAM added “Real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will contribute 13 per cent to country's GDP. It is important for the stakeholders to come on a platform like this to push forward the growth of this sector. I strongly believe this sector has the potential to produce a lot of jobs and provide necessary impetus to our economy.”

Various top organizations like GEM ASSOCHAM, NAREDCO, CBRE and Hiranandani Group have joined hands for this timely initiative.

Sharing his views, Mr Pankaj R Dharkar, Chairman, ASSOCHAM GEM Green Building Council, added “GEM is a Green Building Certification initiative by ASSOCHAM to complement and strengthen India’s Mission towards Sustainability. ASSOCHAM feels that Green Building Certification is not the choice but the need of the hour now. We are excited for Realty & Sustainability Confluence & Awards 2020 that aims to be a global platform for acknowledging success, recognizing contributions, appreciating efforts and celebrating growth of the contributors as the real estate and green building industry widely remains a major contributor to the economic development of any nation worldwide. An exclusive opportunity also to showcase projects from developers / builder/ designers and architectures through virtual platform to the participants.

Realty & Sustainability Confluence & Awards 2020 have been instituted by ASSOCHAM under the leadership of Dr Niranjan Hiranandani, President, ASSOCHAM & NAREDCO, CMD, Hiranandani Group to celebrate the achievements of real estate companies and professionals that have contributed immensely towards the growth of real estate and green building industry across India. The Categories of the Realty & Sustainability Confluence & Awards 2020 includes Real Estate Companies, Property Consultants, International Property Consultants (IPC), Finance, Industry Leaders, Interior Designers, Architects, Prop Tech, and its allied industry.