ASSOCHAM & MoHUA announce India’s first Realty and Sustainability Confluence

In first of its kind initiative with Ministry of Housing and Urban Affairs, ASSOCHAM, India’s apex industry body has announced first Realty and Sustainability

Confluence and Awards 2020, to celebrate and recognize the contribution of this sector

towards Indian economy.

The 7-days long platform from November 27 to December 3, will also focus on some of

the key issues that these sectors have been facing and will provide a global platform to the stakeholders, policy makers and industry leaders to deliberate on various important matters

pertaining to the growth and sustainability of Real Estate sector, an ASSOCHAM release

issued here today said.

Dr NiranjanHiranandani, President ASSOCHAM shared on the announcement of this

initiative “Prior to the ongoing pandemic of COVID19, the real estate fundamentals were

strong with leasing activity, launch of new projects, available capital and strong market

demand. Due to the pandemic COVID19, Real Estate sector is also impacted badly.

Migration of labour to their hometowns due to lack of work also had its impact on

economy and have affected sentiments in real estate. However, due to recent re-opening

of the economy, Realty sector has also started a process of revival.”

Mr Deepak Sood, Secretary General, added, “Real estate sector in India is expected to

reach US$ 1 trillion by 2030. By 2025, it will contribute 13 per cent to country's GDP. It is

important for the stakeholders to come on a platform like this to push forward the growth

of this sector. I strongly believe this sector has the potential to produce a lot of jobs and

provide necessary impetus to our economy.”

Various top organizations like GEM ASSOCHAM, NAREDCO, CBRE and Hiranandani

Group have joined hands for this timely initiative.

Sharing his views, Pankaj R Dharkar, Chairman, ASSOCHAM GEM Green Building

Council, added “GEM is a Green Building Certification initiative by ASSOCHAM to

complement and strengthen India’s Mission towards Sustainability. ASSOCHAM feels

that Green Building Certification is not the choice but the need of the hour now. We are

excited for Realty & Sustainability Confluence & Awards 2020 that aims to be a global

platform for acknowledging success, recognizing contributions, appreciating efforts

and celebrating growth of the contributors as the real estate and green building industry

widely remains a major contributor to the economic development of any nation worldwide.

An exclusive opportunity also to showcase projects from developers / builder/ designers

and architectures through virtual platform to the participants.

Realty & Sustainability Confluence & Awards 2020 have been instituted by ASSOCHAM

under the leadership of Dr Hiranandani, President, ASSOCHAM & NAREDCO, CMD,

Hiranandani Group to celebrate the achievements of real estate companies and professionals

that have contributed immensely towards the growth of real estate and green building industry

across India. The Categories of the Realty & Sustainability Confluence & Awards 2020

includes Real Estate Companies, Property Consultants, International Property Consultants

(IPC), Finance, Industry Leaders, Interior Designers, Architects, Prop Tech, and its allied

industry.