New Delhi: The real estate sector has taken the Indian economy by storm ever since 2006. Though a major contributor to the Indian financial growth, it still has not got the recognition it needs to be thrive to the fullest. Real estate is one of the pillars of growth and is not standing alone in holding up the country. It is directly linked with the economic and industrial boom in India and the coming of the multinational and IT companies. Altogether India has become a rich market for investments in the real estate sector for both residential and commercial real estate and the market size of the sector is expected to cross US $180 billion by 2020.The real estate sector is the second largest employer in the country ranking next to agriculture. But since the sector is not regulated to the core it faces many challenges that hinders it growth.Keeping all such issues in mind the PHD Chamber Of Commerce and Industry is about to organize the National Real Estate Summit on 31st July, 2013 at the PHD House New Delhi from 10 am onward.Participation in the summit is expected from infrastructure and construction companies, builders & contractors, architects, regulatory agencies, housing technology providers, consultants (dealing with real estate), policymakers, government institutions and various other key stakeholders in the real estate sector and its operations. In the conference the participants will be discussing challenges in the industry, share best practices to be followed for better results, learn and explore the various opportunities that can help in contributing to the growth of the Indian real estate sector.The chief objectives of the summit are:
- To discuss and find solutions to the financial issues in the real estate sector
- Simplify the regulatory mechanism and approval system in the real estate sector