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News18.com, in collaboration with St. Angelo’s VNCT Ventures, had recently announced its first Global Indian Realty Summit (GIRS 2017)

05/03/2017


Mumbai: News18.com, in collaboration with St. Angelo’s VNCT Ventures, had recently announced its first Global Indian Realty Summit (GIRS 2017) held at Fairmont, Dubai on 27th April, 2017. GIRS 2017 is a unique platform launching a knowledge series in the Middle East and in India with the objective of offering a comprehensive overview of the Indian Real Estate scenario post demonetization, and the impact of GST and RERA on the industry.

GIRS 2017, in Dubai, witnessed the presence of renowned personalities such as Dr. Ram Buxani (Founder Chairman of the Overseas Indians Economic Forum (UAE)) and Agnelorajesh Athaide (Chairman and MD of St. Angelos VNCT Ventures) amongst others who shared the dais as panellists. V Nagarajan (Real estate publisher and Expert in Housing Realty Sector) played the key role of the moderator at the event. The panellists busted plethora of myths and educated attendees about the relaxed NRI investment norms in India as well as Foreign Direct Investment amongst other topics.

In addition to the global-leaders who graced the occasion as panellists, GIRS 2017 also welcomed the crème-de-la-crème of the business world who attended the event including Hemant J. Jethwani (Managing Director & CEO – FinAdvise consultants), Nitin Chauhan (Business head – Aspen) and Kailas Biyani (MD – Amsec) amongst others. All the panellists at the event including K. Vaitheeswaran (Chairman of the Expert Committee on Indirect Taxers, Madras Chamber of Commerce and Industry) and Amithraj A N (Director in PwC Tax & Regulatory Services (M&A)) established a great connect with the attendees and answered numerous queries pertaining to their areas of expertise within the real-estate sector.

Commenting on the policies of NRI Investment in the country, Expert Consultant and Real Estate Publisher, Mr. V Nagarajan shared, “NRI investment has been made much simpler now. Investment by NRIs will now be deemed as domestic investment on par with resident investments which include OCI and PIO cardholders. Residents can now remit home loan EMIs for NRIs.  Returning NRIs can retain their assets abroad.  They need not be repatriated to India and can be retained and invested outside India.”

In addition to policies and the impact of demonetisation, the budget was discussed at length. The talks at the event threw light on how the budget for this year has given a virtual boost to the real estate sector. This indicated that the event captured various topics through the participation of numerous leaders as panellists and attendees marking the success of the event. Another highlight of the event was an inspiring talk with realty leader, global investor and entrepreneur, Dr. Ram Buxani who shared his success mantra with the audiences. GIRS 2017’s triumph was also marked by over 700,000 views of the simulcast on Facebook.

Riding on the success of its first edition, News18.com, with an aim to reach out to a larger set of audiences, is taking the knowledge platform across key markets other than Dubai. News18.com announced the launch of its 2nd edition inChennai in May 2017 followed by Kuwait and Doha towards July 2017. The event in Dubai has set the bar high for the GIRS 2017 to follow in other places including Chennai, where the panel discussions will cover topics ranging fromresidential markets, planning for suburbs and peripheral areas, CDMA and DTCP with focus on NRI investment in Chennai markets.

Relaxed FDI guidelines and other proactive government policies are now changing the real-estate scenario in India and with multiple investment opportunities the markets seem ripe for investment. News18.com will prove to be instrumental in continuing to inform and guide real-investors across the globe through GIRS, a one stop destination to unearth promising opportunities in the real estate sector in the country.