 All right, ladies and gentlemen on that note It's time to give a head start to the event and I'd like to invite Miss Sapna Srivastava who's the editor of reality plus to please come on the stage and deliver the welcome address So let's get some enthusiasm from the audience and let's have a round of applause to welcome on stage Miss Sapna Srivastava Good evening everyone. I welcome you all on behalf of the entire reality plus team our partners and sponsors a special thanks and welcome to the guest of honor of the day Sri C. M. Dhananjay Chairman KSI IDC Karnataka State Industrial and Infrastructure Development Corporation who has come all the way from Bangalore to join us here Thank you, sir for taking out the time Most of us you are aware of what reality plus is but by a show of hands earlier I believe there are many who are you know joining us for the first time So reality plus is a real estate vertical of exchange for media group and we have been in this sector for past 12 years over these years we have Been revamping upgrading updating reality plus its events its products its New initiatives in fact we added Kolkata as a city in the itinerary of events recently this year We took conclave and these excellence awards to the east of India We will also be unveiling the second edition of reality plus coffee table book on top hundred developer This very evening called moguls of the real estate While we are unveiling this coffee table book We are also announcing the next coffee table book by reality plus which will be on the budget homes Across India the affordable housing projects across India. It will be called homes for all Another new initiative is a new set of awards that we are introducing Interior and exterior awards for building materials and construction products industry a very unique Awards what sets them apart is that these awards will focus on innovation Innovation in product design and application innovation in product branding and marketing innovation in products consumer centric technologies and Marketer of the year the marketer of these product companies who's a very important link between The product that comes out from the manufacturers hub and the end user of the consumer So very interesting initiatives that we are taking and we will be updating you with you with all the details Giving you the snippets of what this conclave holds for us today. Very interesting. We will have two panel discussions on Very topical Issues one is Rera some might say Rera is already done. And you know, we have already talked enough of that But in my recent meeting with Gotham Chatterjee chairman maha Rera, he mentioned That Maharashtra is leading in terms of number of registrations of developers So that's a that's something that we need to talk about what we need to talk about. What next? Where is real estate industry headed to now that Developers of the stakeholders are adopting new rules and regulations Similarly Mumbai the growth of Mumbai city Where is this headed to from chaotic development? Now? What is the pattern that we should follow? So what next for Mumbai these very two topical issues that we will be discussing the panelists will be deliberating upon Also, we have interactive sessions by eminent professionals of real estate and design industry So we look forward. We all are looking forward to a very interesting day very interesting time and sessions I'm sure they will be very knowledge enhancing as well just to give you a brief of the evening following the conclave That would be the glamour event of the day where we will have unveiling of the coffee table book as I mentioned also scroll of honor Which will be felicitation of some of the distinguished leaders of real estate sector and of course the much-awaited Realty plus awards so friends without taking any more time I thank you all for being here being part of this event for all those who have come from other cities to join us here Thank you all and wish you a great day ahead I now call upon miss Anurag Bhattra chairman and editor-in-chief of exchange for media and business world to please express his views He's come from Delhi to join us here today Thank You Sapna. Good afternoon. It's my honor and privilege to be here first of all, I want to Express my gratitude to see CM Dhananjay, who's the chairman of the Karnataka state industrial and Infrastructure Development Corporation for being here. Thank you, Mr. Dhananjay your presence adds to our initiative and I'm sure your involvement with what what is happening in the real estate sector and around it will make the sector more competitive and Profitable I Have said that Sapna. We're not a 12-year-old magazine We are exactly three years and one 13 years and one month. We launched it on 27th, August 2004 And some of you may have heard the story. Some of you are new my friend. Dr. Vijay Krishna is here He has lots of businesses what one of his vertical is property and you see the Hindustan properties comm logo Is that I can't forget that day for many reasons reality plus was born But so was my daughter that day. So I remember going to You know my wife's those of you from Delhi my Wife was at the Mayfair clinic for those of it has a real estate collection for those of you don't know what Mayfair clinic is It's possibly she Dr. Mrs. Pushpa Chandra has given birth so to say to more babies than any other Women in the country. She's also Sanjay Chandra unit ex-mother So in the morning at about 745 a.m. And 27th August 2004 my daughter was born and the launch was already Pre-scheduled of reality plus that I think 12 o'clock or 1 o'clock. I don't remember remember my daughter was born and you know, of course I was happy so on and so forth both my daughter and wife were okay Healthwise and then I went to the launch So till today my wife reminds me that I left after my daughter was born to make sure reality plus was launched So there is so it is 13 years and one month because that's the age of my daughter She's also born on 27th August 2004 So I'm not able to forget this date in a good way, right? Two good things were born one human being and one an initiative Second is I want to tell you some of you see me as a media person apart from media advertising Marketing if there's a one community then there where I know a little bit people in the real estate when I passed out of a business School, I've shared the story. I started in real estate. I did not start in media before I turn in entrepreneurs And I've told this story because Mr. Ranjai there for the first time let me tell you I went to I I did what most Indians do I first went to an engineering school That's what most Indians do before they figure out there to do anything then I went to a business school called MDI I got in when the quality control was bad. I'm from the first batch of that school Guilty with that here, right? I went in and then I'd limited ambition to be in IT services So I got a campus job. MDI was good in those days also and Till a friend of mine introduced me to a guy called David Fowler who with Michael Thompson was setting up Collier's Yardee So I met David. I was young and impressionable then I'm both now also Dr. Little more young and impressionable and he bought me few beers and he convinced me to join Collier's Yardee And those of you met David in those years know that he was charismatic. He is I haven't met him He's my Facebook friend. He's somewhere in LA. He has a fancy bike and I joined Collier's I was part of the setup team of Collier's so I started in real estate and I don't know Mr. Pundit from CBRE, but I'm sure one is a good friend Rajat is my junior from MDI. I hired him if I don't know if Rajat Gupta still works in CBRE, right? I hired Sanjay Varma of who was the Asia Pacific Sea of Kusman Wakefield in his first job. Those are the developers who go to my friend Ritesh Vora at IDFC I hired him in his first job. He continues to be among my closest friend One of the most ethical and honest people in real estate and Anuj you will be speaking here I when I see Anuj I call him Mr. Puri because I have tremendous affection and respect for him I left Collier's and I joined Anuj when Chester Tindmigra was four people four meaning four Then we hired Ritesh, we hired Pankaj Ranjan, Rami was in CBRE So I'm just telling you that I know a little bit about I don't know drop names But I could go till the evening but the only person is I learned a lot from Anuj I worked with Anuj for about one and a half year and You know he's done well because he's a nice guy the saying that nice guys finish last is not true People like Anuj, you know, I don't know why you like him not like him some of you compete with him But I can tell you I worked with him from I'm a work He'll call it I work like eight days a week sometimes ten days a week that kind of person So I worked with Anuj, but there are two qualities about Anuj which any real estate person one he undercommits and over delivers Second he's very very professional Right, you know, he's very meticulous at communicating. He's a nice guy. So I love I work with Anuj. I remember We should do I did fair amount of transactions. You met Nenath the other day I did a transaction for him. So I started in real estate when I got married 17 years back I had you know, I was I'm still young but I was younger So, you know, my mother-in-law my father and they were very happy that I had a real estate background They actually wanted me to quit media and focus on real estate because that's where you create wealth In fact, I was asked this question. Do you want to be rich or you want to be wealthy? So I said like what's the difference? See if you work in media, you'll be rich if you work in real estate, you'll be wealthy. I said, okay But of course, I didn't listen to my mother-in-law and father-in-law Like I didn't listen to my dad when I joined Collier, but I worked for four years and then I quit I worked at Chester and I met a friend who became a big entrepreneur Deep Kalra. He said I make sure he was setting up fecs family entertainment center So I joined deep to set them up and then at the age of 28 and a half. I started this company called exchange for media For those of you who don't know exchange for media. We are the business world of advertising marketing media right and then four years and Eight days back I acquired business world on 19 September 2013. So I can tell you that, you know That I know a little bit about real estate and I think we'll make a bigger for a real estate than we've ever done Coming back to reality plus being around for 13 years in one month. One. It's the only national magazine Second, you know the theme of today's conclave is reality revise I think if we have to make reality plus even more relevant and really a catalyst in your growth and In the real estate buyer's life and relevant tool We have to be the catalyst to revive reality and it will revive on its own anything that goes down comes up It's a natural law right and it's true for real estate. Some people may not believe that. Yes It may not seek the same peak. So really we have the only national magazine or the next two years We want to do this in 40 cities, you know, not just Delhi Bombay Bangalore Calcutta Hyderabad, but we go to the next 35 cities in India because the consumption of real estate The aspirational Indian is consuming real estate in a different way there. We have to be very local second, I Want to give you an example. In fact, I tell my business world colleagues learn from reality plus. I hope some of them are here Learn from reality plus see how good they do their world So finally they listen to me and again my whole focus is that media companies editorial platforms have to be catalyst in action They're not about Pontificating, you know, we can be a thought leader. We can pontificate once in a while So we are doing a noida hackathon along with reality plus where we are getting 12 eminent leaders from all walks and we are Getting them in a room and setting telling them to solve noida's Problem, I don't ever tell real estate developers, you know, they are large developers who take on money projects are stuck The buyers haven't got so we reality plus in business world will together do this not and take this to them the Government to the PMO to the Ministry of Urban Development so that we are a catalyst in action We're not just about pontification second again. There's a panel on Reshaping the city and there's a panel on Rera Again, Rera is very new. There are lots of challenges to navigate it and because of Rera and overall compliances I think the real estate developers the ones who are long-term have taken a step back Rightly and will you know, I know our DLF For various reasons they will start selling again now So taking that step back is in some way reshaping your priorities your approach and in my view The Rera will separate the boys from men So to say I would want all the developers to To flourish, but I think there will be a consolidation Like it has happened in every sector as far as affordable housing I think like in the technology domain in the media domain We use breaking you news in media and disruption in technology the two words I think affordable housing is the most abused word. In fact last year. I brought a gentleman from Delhi Who does what I call the Parle G of housing? Parle G is the cheapest biscuit, right? It is the cheapest so he calls himself the Parle G of housing. He makes houses for my driver for my you know cook my Support staff who could do with a 10 to 12 lakh house and he shared with me that he has almost zero defaults in their payments Now if that is the case then possibly that's this segment with little more value addition is very lucrative and with the bubble so to say settling now I won't say bursting. I think the affordable housing or budget housing at Sapna says will be a domain wage We really will become substantial. I mean mr. Kappal Vadavan has built a company on the back of funding such Housing offtake last but not least at business world. We have a business world smart cities, Mr. And we in Varanasi in the prime minister's constituency on 13th and 14th. We are doing the bw's parts Please conclay we would want you to come and like the reality plus conclay It has every stakeholder that matter right from PMO to the to the CM's office so on and so forth so we believe that the vision of smart cities and smart cities is about buildings, but it's about Governance it's about delivery of services using technology and it is about Integrating the human element in cities in is the theme in business world smart cities And again in business world because this is a business community since the time required business world Of course, we strengthen the print product and in India If somebody says print is dead then we in the print business are doing a bad job marketing because you do an ad in In a print newspaper magazine depending on whether it's a response base of brand building We will deliver more quality than anyone, you know, of course digital is a way of life We all consume digital but the credibility the seriousness and the filtering of print cannot be replaced by digital not yet Five years from now. Maybe in India 10. I don't know. I'm not an astrologer or a futures So business world we've revamped the print product. It's a better editorial product It has three times more advertising when it used to have so they're linked better editorial product Second business world site is averaging about 15 million traffic and about eight to nine million unique pages in the next 18 to 24 months we want business world out in to be India's default business site And we want to take on CNBC and ET because in my view these are two daily products that are substantial and again in digital You can do that Events bringing stakeholders face-to-face bringing consumers with the with the people who are providing them products and services Business world is a B2C is an important Mission that business world has so in the real estate domain We will collaborate with reality plus, but we built a community in every domain. We have a BW disrupt Which is our startup community. We have BW smart cities. We have BW hotelier. We have BW people Which is our HR community BW education. We're launching BW help BW defense BW entertainment and cinemas So we are building a community for everything We're not in the business of magazines websites events We're in the business of making a difference to our readers whether we do it through an event in print in digitally It doesn't matter and I hope we we are able to make a difference in your life By helping you in your mission or providing housing and real estate to Developers I also noticed to consumers. I also noticed that Sai Estates is sponsoring this event. I have never met Amit Badwani. I get the good opportunity to meet Amit, but I can tell you that Like in the media business, I'll take an example Dr. Subhash Chandra has built the Zee or you take any business in Indians have built really world-class companies and well Well, I think I'm happy while the Collier's Jardine kushman Wakefield See we Richard Ellis night friend Do well and they should why not? I'm happy that there is an Indian company that is thinking of scale That is thinking of professionalism and that is growing in a unique way So I'm very happy to see an Indian in an Indian company Developing something which completes on large corporations which has the infrastructure and money So at the end that a if Indians have to get the right quality of housing at the right price We have to get the office spaces. We have to get the warehouses in real estate We tend to talk of be you know houses in office space, but the warehousing Logistics parks. They're very very important part of the Ecosystem of business. I think Indian entrepreneurs will have to create new business models to be able to provide that product or service I'm happy that Amit is doing that and I look forward. I'm also happy. I know just there in his new avatar as an Auroch I'm sure he will continue to make a difference. I am particularly happy that he's there and I'll get to meet him So I don't want to labor you on about real estate. I'm not an expert in real estate I'm not an expert on in anything. That's what my wife tells me I'm only an expert in writing emails on those people who know me. I have a bot that's right It's called botra but Ryan bought So, you know, I programmed it. I created it that and it's not a joke. I really write a lot of email I was telling some the ESPN guys had just come to meet me and telling them that if there was a Sport of emailing in the Olympics, I'd win India gold medal, but sadly there is none. So with that I really wish you well. It's the Diwali season. It's the West festive season I hope Navratra brings good luck and it will and I'm sure the real estate sector needs to Survive and thrive for the consumers of real estate to thrive. Thank you. God bless you. I'll see you around