NAREDCO Maharashtra to launch nation’s first RealTech Fund to support start-ups and innovations ecosystem
Mumbai, 08th September 2023: NAREDCO Maharashtra developers are all set to announce the nation’s first-ever RealTech Fund (RTF) in their annual event The Real Estate Forum 2023 in order to accelerate real estate growth. The developers have initially committed a corpus of INR 50 crore which will be further scaled as per the response to the fund. This fund promises to propel and accelerate the growth of the real estate industry in India through innovation and technology. The Real Estate Forum 2023 is scheduled to take place on September 15, 2023, at the luxurious St. Regis Hotel in Mumbai. This is the Second Edition which promises to be even more impactful, aiming to shape the future of Maharashtra’s real estate industry. Shri Atul Save, Hon’ble Minister of Housing, Government of India will inaugurate The Real Estate Forum 2023 and expected to shed light on the government’s vision for the sector.
Commenting on the upcoming event, Mr. Sandeep Runwal, President of NAREDCO-Maharashtra and Managing Director of Runwal Group, expressed his enthusiasm, stating, “The Second Edition of the NAREDCO Maharashtra Real Estate Forum 2023 promises to be an insightful and influential gathering that will shape the future of Maharashtra’s real estate sector. With a lineup of esteemed dignitaries and industry experts, the event is set to foster growth, innovation, and collaboration in this dynamic field.”
‘I look forward to seeing you all at the Second Edition of the NAREDCO Maharashtra Real Estate Forum. Together, we can build a stronger, more resilient, and prosperous real estate sector for Maharashtra and the entire nation,” Mr. Runwal further added.
This real estate forum will discuss various issues such as government policies, private equity funding, real estate financing, navigating commercial and retail growth, future of redevelopment among others.
The Real Estate Forum, an annual gathering unites the titans of the real estate sector on a common platform. The previous edition of the NAREDCO Maharashtra Real Estate Forum, held last year, achieved remarkable success, drawing over 600 professionals from the real estate and allied industries. It marked a turning point as it was the first major industry gathering post-COVID-19 pandemic. Eminent figures, including government ministers, financial veterans, and real estate luminaries, showed unwavering support for the sector’s development and the state’s progress.
Distinguished senior government leaders will grace the occasion with their presence, sharing insights into the state’s real estate development. Among them will be Smt. Valsa Nair, Additional Chief Secretary, Housing; Shri. Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, and Shri. Praveen Darade, Principal Secretary, Environment.
The annual conference will also feature prominent figures from the financial sector, including Shri. Vipul Roongta, MD & CEO of HDFC Capital; Shri. Rajiv Sabharwal, MD & CEO of Tata Capital; Shri. Vishal Kampani, non-executive Vice Chairman of JM Financial Ltd; and Mr. Ashish Mohta, Sr. Managing Director at Blackstone, who will share their valuable perspectives on the sector’s outlook.
Notably, the event will witness the participation of senior stalwarts from the real estate industry, including Niranjan Hiranandani of Hiranandani Group, Irfan Razack of Prestige Group, Atul Ruia of Phoenix Mills Group, Rajan Bandelkar of Raunak Group, Atul Choradia of Panchshil Realty, Abhay Chandak of Chandak Group and many more.
As a cherished tradition, the evening session will feature His Grace Shri Gaur Gopal Das, who will impart valuable life lessons.