Tuesday, September 23, 2008

Honourable Kumari Selja to open Cityscape India

Minister of State (Independent Charge) for Ministry
of Housing and Urban Poverty Alleviation to outline affordable housing initiative to international investors & developers at Mumbai real estate showcase

The honourable Minister for Housing and Urban Poverty Alleviation, Kumari Selja, will be cutting the ribbon at this year’s Cityscape India, which is due to take place at the Bombay Exhibition Centre on 8-10 December 2008.

After the official opening the honourable Minister will address local, regional and international delegates during the opening of the Cityscape India Conference. Her speech entitled ‘Affordable Housing For All In India’ will outline the initiatives to develop residential property, not only for India’s burgeoning middle class, which is now estimated at 325 million people, but also for India’s lower class, which still represents approximately 70% of India’s 1.2 billion population.

“28% of India’s population now lives in conurbations and that figure is growing rapidly. The demand for affordable housing is immense and potentially the long term returns for investors and developers is colossal,“ said Graham Wood, Exhibition Director.

Cityscape India is an annual international networking exhibition and conference focusing on commercial architecture, property investment and development and attended by the most significant investors, developers, architects and consultants.

Cityscape India 2007 officially became the largest business-to-business real estate event in India attracting over 5,000 participants from 38 countries celebrating the best in real estate, architecture, urban planning and design. The event was launched in 2007 to provide the country's real estate sector, now valued at over $15 billion, a networking platform where domestic developers can source international investment contacts. It is also a platform where international developers can meet Indian investors.

This year, Cityscape India is set to welcome more than 8,000 participants from around the world. "In addition, leveraging its relationships in the global investment market place, Cityscape will reach out to over 250,000 senior decision makers seeking to invest in one of the world’s fastest growing economies," said Graham Wood, Exhibition Director.

New this year two parallel conferences entitled ‘International Real Estate Investment and Development’ and ‘Infrastructure Finance & Investment’ will take place alongside the exhibition. Recognised as India's leading networking conference, participants include, the Trump Organisation of the United States, Reliance of India and Nakheel of the United Arab Emirates.

Donald Trump Junior, Executive Vice President of Development and Acquisitions for the Trump Organisation, spoke at last year's Cityscape India, and is looking forward to returning. He added: "Cityscape India has certainly come in at the right time to provide a quality business-to-business networking platform."

There will also be an Infrastructure Conference addressing one of the most important topics in India with respected names presenting their experiences and knowledge of effectively overcoming challenges to raise equity and build public-private partnerships.

The Cityscape India 2008 Real Estate Awards will also honour leading real estate professionals and companies for their outstanding contribution to the industry. The award categories include: Most Innovative Finance; Best Real Estate Marketing Campaign Award; Best Corporate Social Responsibility Project; Best Urban Design and Master Planning; Best Developer – Retail Project; Best Developer – Commercial/Office Project; Best Developer – Hospitality Project; Best Developer – Residential Project Award; Best Developer – Mixed Use Project.

Platinum sponsors of Cityscape India 2008 are Limitless and Soundlines. Limitless, a Dubai World company, currently has nine projects – worth over $100 billion – in India, Saudi Arabia, Malaysia, Vietnam, Jordan, Russia and the United Arab Emirates. Soundlines has diversified into real estate, construction, HR consultancy, hospitality, travel and tourism and healthcare with offices in UAE, Saudi Arabia, Qatar, India, Nepal and Bangladesh.

Gold sponsors are Tanmiyat Group, one of the Middle East’s leading real estate and investment companies, with joint ventures and projects across the region, including Saudi Arabia, the UAE, and Jordan, with investment plans for India, China and Tunisia.

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