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From: Architexturez <interface.services@xxxxxxxxxxxxxxxxx>
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Date: Mon, 02 Jul 2007 16:37:28 +0530
Cityscape India to play 'Trump' investment card
Donald Trump Jr., Executive Vice President of Development and
Acquisitions at the Trump Organization, USA, is to spell out what global
investors are seeking to invest in India's booming property market.
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In a keynote speech to Cityscape India at the Bombay Exhibition Centre
Mumbai from 19-21 November 2007, Trump will convey the complex
strategies required to attract high net-worth individual investors as
well as major international institutions, an issue seen as critical for
long term growth in India's property market.
Donald Trump Jr. is at the forefront of today's young businessmen with
extensive real estate development experience in the United States and
the Middle East where the Trump Organization's hotel condominium concept
is to be pioneered on the iconic Jumeirah Palm Island in Dubai.
Property market growth in mature regions such as the US, UK and
Australasia are experiencing a cooling down. In contrast, the property
market in India, along with those of China and the Middle East, are
booming.
A recent study by DTZ, a leading global real estate advisory and
consultancy company, said India's real estate market is estimated at $12
billion and growing at rate of about 30% annually.
Strong and improved economic growth, proactive policy initiatives like
the relaxation of foreign direct investment rules in construction and
availability of finance is driving demand for real estate across all
sectors - commercial, residential, retail and hospitality.
Trump will point out that the major challenge for the Indian real estate
market is to ensure it continues to meet the expectations of high
net-worth global investors. He believes owners and developers must
understand the 'mindset' of prospective investors and offer unique and
attractive real estate developments in a secure investment climate.
He said recently said what is needed is an environment that encourages
developers to 'think out of the box' and to redefine the boundaries of
creativity, architectural design, and structural engineering.
He added: 'Diversified economies attract a wider client base to draw
from, thereby eliminating some of the cyclical nature of real estate
investment.'
Rohan Marwaha, Group Director, Cityscape, said, Trump's message was
clear, 'Foreign direct investment into India climbed to a record US$11.2
billion in 2006 and reformed real estate investment regulations for
non-resident Indians and, more crucially, foreign investors is providing
a new impetus driving the Indian real estate market.'
Other crucial industry topics on the conference agenda include:
investment hotspots and development opportunities; winning formulas for
joint ventures; current legislation, trade policies and growth drivers
for foreign direct investment; the rise of private equity; the growth
potential of real estate investment trusts; the mortgage market;
opportunities in special economic zones and townships; hotel investment
and mall mania.
A host of regional and international experts will address these critical
industry issues and include amongst others: Trevor Williams, Managing
Director Economic Research, Lloyds TSB, UK; Sameer Nayar, Managing
Director and Head of Real Estate Asia Pacific, Credit Suisse, USA; Esam
Janahi, CEO, Gulf Finance House, Kuwait; Chris Brooke, Managing Director
Greater China, CB Richard Elllis, China; Sanjay Chandra, Executive
Director, Unitech Group, India; Paul Logan, Vice President Development
Southern Asia, InterContinental Hotels Group, Singapore; George
Ferguson, Past President RIBA and Chairman of Acanthus Ferguson Mann
Architect,UK; Sanjay Verma, Executive Managing Director, Cushman and
Wakefield, India; Sunil Gomes, Director of Development, Istithmar,
United Arab Emirates; Abid Junaid, Executive Director, ETA Star, UAE;
Sushil Ansal, Chairman, Ansal Properties, India.
'Cityscape India is a unique event bringing together regional and
international investors, real estate developers, architects and
designers, governmental authorities and senior professionals in both
public and private real estate developments,' added Marwaha.
The Cityscape India Real Estate Awards will also be launched to honour
both existing and future projects within India.
Cityscape India has drawn support from leading industry players.
Jordan-based Aqaba Special Economic Zone Authority; Dheeraj and East
Coast, from Dubai; and major Indian developer Shipra Group, have all
confirmed platinum sponsorship. Global property service company GVA
Intercapitalis and India's Shristi have taken silver.