After having completed 8 successful editions, Lex Witness proudly presents The 9th Annual Virtual Edition of The Real Estate & Construction Legal Summit 2021 scheduled on 5th& 6th FEBRUARY 2021 – LIVE ON YOUR SCREEN.
According to The Indian Brand Equity Foundation, by 2040, real estate market will grow to Rs. 65,000 crores (US$ 9.30 billion) from Rs. 12,000 crores (US$ 1.72 billion) in 2019. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13% to the country’s GDP by 2025. Retail, hospitality, and commercial real estate are also growing significantly, providing the much-needed infrastructure for India’s growing needs. Indian real estate increased by 19.5% CAGR from 2017 to 2028.
Office space has been driven mostly by growth in ITeS/IT, BFSI, consulting and manufacturing sectors. During 2019, the office leasing space reached 60.6 msf across eight major cities, registering a growth of 27% y-o-y. In 2019, office sector demand with commercial leasing activity reached 69.4 msf. Co-working space across top seven cities increased to reach 12 sq ft by end of 2019.
According to the data released by Department for Promotion of Industry and Internal Trade Policy (DPIIT), construction is the fourth largest sector in terms of FDI inflow. FDI in the sector (includes construction development and construction activities) stood at US$ 42.66 billion from April 2000 to June 2020.
However, ever since the COVID-19 pandemic has become a crossroad of change across mankind, the Indian Real Estate and Construction sector has also gone through a sea of changes and today is facing an all-new set of challenges wrt business ambience vis a vis regulatory dynamic.
Under this background, after successfully organizing 8 annual editions, we now foray into The 9th Annual Virtual Edition of The Real Estate & Construction Legal Summit 2021 on 5 th & 6th FEBRUARY 2021.
The virtual summit, which will focus on powerful, well-meaning, and beneficial discussion will focus on the following subjects;
- COVID-19 & THE JOURNEY THEREFROM
- THE BUCK STOPS HERE – FUNDING & MORE.
- THE CONTRACTING CONUNDRUM
- IMAGINING TOMORROW – THE SECTOR WISHLIST
Your Witness Please!