NAREDCO Knowledge Seminar on Budget 2016, Pradhan Mantri Awas Yojana & Real Estate (Regulation and Development) Bill 2016
NAREDCO in association with PwC had organised a Post Budget analysis session, with a special focus on Pradhan Mantri Awas Yojana & Real Estate (Regulation and Development) Bill, 2016 in Mumbai on 18th March 2016. The Chief Guest of the seminar was Shri D K Bhalla, Secretary, Lok Sabha. The seminar saw attendance by stakeholders from the Real Estate Sector, Financial Institutions and allied industries. The seminar was also addressed by industry stalwarts namely Mr. Mr. Niranjan Hiranandani, President, NAREDCO West, Mr. Rajan Bandelkar, Vice President – NAREDCO, Mr. Parimal Shroff, Solicitor and Advocate, Mr. Anil Harish, Partner, D M Harish & Company, Shri Anish Sanghvi, Partner – Tax, PwC.
Highlight of the Budget Session, PMAY & Real Estate Bill:-
The first session seminar started off with a Presentation on Budget 2016 provisions for Real Estate Sector by Mr. Anish Sanghvi, PwC and a presentation on Regulatory implications of the Budget on the RE and Construction, Implementation of Pradhan Mantri Awas Yojana (PMAY) by Mr. Anil Harish. Post the presentations Mr. Harish and Mr. Sanghvi joined a power packed panel discussion moderated by Mr. Gulam Zia, ED, KnightFrank India. This panel discussion gave the audience an insight of the implications of Budget 2016 and PMAY on real estate sector. The panel also included the presence of Mr. Rahul Nahar, CMD, XRBIA Developers, Mr. Rajesh Krishnan, MD & CEO, Brick Eagle Group, Mr. Ashish Shah, COO, Radius Developers and Mr. Amit Goenka, MD & CEO, Nisus Finance.
The second session of the started off with a presentation on The Real Estate (Regulation & Development) Bill, 2016 by Mr. Parimal Shroff of Parimal Shroff & Co. Mr. Shroff gave the audience a much needed insights of the bill. Post the presentation the chief guest of the seminar Dr. Bhalla addressed the audience and appreciated the concepts of such knowledge seminar. Post his address Dr. D Bhalla and Mr. Shroff joined Mr. Anil Harish, D M Harish & Co., Mr. Niranjan Hiranandani, Hiranandani Constructions, Mr. Kishore Bhatija, K Raheja Corp., Mr. Shashank Jain, PwC. The panel discussion was moderated by Ms. Faye D Souza, Senior Editor, MagicBricks Now.
The seminar concluded by a vote of thanks by Mr. Ashok Mohanani, Vice President, NAREDCO West & CMD, Ekta World.