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NAREDCO Maharashtra Unveils India’s First RealTech Fund at The Real Estate Forum 2023

Mumbai, 08th September 2023: NAREDCO Maharashtra developers are poised to make a groundbreaking announcement at The Real Estate Forum 2023, introducing the nation’s inaugural RealTech Fund (RTF) aimed at catalyzing real estate growth. Initially seeded with INR 50 crore, the fund’s scale will expand based on market response, promising to drive and expedite India’s real estate industry through technological innovation. The prestigious event is scheduled for September 15, 2023, at the opulent St. Regis Hotel in Mumbai, representing the Second Edition, set to have an even more profound impact, steering the future of Maharashtra’s real estate sector. The inauguration will be conducted by Shri Atul Save, Hon’ble Minister of Housing, Government of India, who is expected to illuminate the government’s vision for the sector.

NAREDCO Maharashtra Introduces RealTech Fund

Mr. Sandeep Runwal, President of NAREDCO-Maharashtra and Managing Director of Runwal Group, expressed his anticipation regarding the forthcoming event, 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,” added Mr. Runwal.

This real estate forum will explore various critical topics, including government policies, private equity funding, real estate financing, navigating commercial and retail growth, and the future of redevelopment, among others.

The Real Estate Forum, an annual gathering, brings together key players in the real estate sector on a common platform. The previous edition of the NAREDCO Maharashtra Real Estate Forum, held last year, was a resounding success, drawing over 600 professionals from the real estate and related industries. It marked a turning point as it was the first major industry gathering post the 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.

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