ISB Holds Panel Discussion on 'Real Estate in India

ISB Holds Panel Discussion on 'Real Estate in India - The Research Imperative'

Arvind Pahwa, MD, JP Morgan Asset Management, noted, "With foreign funds and investors eyeing the Indian real estate market, we clearly need more clarity and professionalism." He hoped that the ISB initiative would help formulate best practices for the industry.

Nayan Shah, CEO, Mayfair Housing, suggested that there was a need to develop competitive strategies which would give a developer the edge.

Kishore Gotety, Director-Investments, ICICI Venture Funds Management, emphasised on the need for a 'deep debt market'. Demarcating necessary reform areas, Gotety said the industry needed 'well documented data' on real estate, a more organized urban plan exercise and the ability to benchmark with the public index.

Suresh Marmareddy, Asst VP-Investments, Citigroup Property Investor, seconded that there was a need to pipeline data and create an index if one wanted a mature real estate industry.

Other noted industry participants were K. G. Krishnamurthy, MD and CEO, HDFC Property Ventures Ltd., Neel Raheja, Group President, K. Raheja Corp., Ramesh Sanka, Group CEO, DLF, Luv Shah, VP, Deutsche Bank REOF, Ramani Sastri, Chairman and MD, Sterling Developers, Mohit Singh, MD, Shipra Group, Balaji Rao, MD, Starwood Capital India and William Kistler, President, Urban Land Institute (Europe).

The discussions were geared to fuel the top five list of research areas at the ISB Real Estate Research Lab and define ISB real estate research goals for the year 2007.

Concluded.

Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.

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