VCCircle began with their debut edition of the Real Estate Investment Summit on 28th May 2019. In this Summit, analysis of the challenges faced by developers and investors and other opportunities in the real estate sector were discussed. Eminent names from the real estate sector were invited as speakers including Tanuj Shori, Co-Founder and CEO, Square Yards.
The real estate sector in India has pulled about a billion dollars in private equity money in the past decade. There has been created a big demand-supply gap in this sector as the rapidly growing economy brought along investment opportunity in both commercial and industrial development. Various new policies have also catalyzed the real estate industry with new hope. The Government schemes like Housing for All by 2020, schemes for affordable housing, Real Estate Investment Trust (REIT), Real Estate Regulatory Authority (RERA) has majorly influenced investment in the last few years. A few Pan India developers are doing extremely well in the industry who were initially operating in a particular region or locality. However, there are various other challenges that are coming in the way of the developers and investors, restricting them from making the most of the opportunities.
Technology has also played a major role and silently reshaped the brick and mortar businesses in the real estate sector. The property technological startups are now bringing the buyers and sellers throughout from around the world. It has redefined the traditional way of renting properties and created virtual and augmented reality. It also manages the backend services accounting and various other solutions. After RERA, the information about the developer and property is available on the RERA website if the property has been registered with RERA. This has won the trust of many investors and influenced the buying pattern. People are searching on the internet about the property, seeing pictures and then visiting the site. This aspect was vastly discussed in the Summit by speakers like Tanuj Shori- co-founder and CEO of Square Yards, Sameer Nayar- Founder and CEO of BuildSupply, Tushar S. Vagal- Head IT, L&T Realty.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.