CII Appoints Business Wire India as the News Distribution Partner for Realty 2007, Future of Real Estate in India

Mumbai, Maharashtra, India

CII has appointed Business Wire India as the News Distribution Partner for the CII Real Estate Conference: REALTY 2007, "Future of Real Estate in India", scheduled for Friday, 22 June 2007 at The Taj Mahal Palace and Towers, Mumbai. Business Wire India will integrate the Indian as well as the International media with the conference. The communication and press releases on "Future of Real Estate in India" can be viewed on the website of Business Wire India, www.businesswireindia.com.

The conference will focus on issues and hurdles faced by the sector and thereof arrive at a common consensus to drive the industry in a better and profitable manner to benefit all. It will also discuss, brainstorm and strategise, and present recommendations to the Government. It will dialogue on the various aspects of Housing, Infrastructure, Corporate Office Space, Easing norms for FDI in real estate and Retail in the Real Estate domain.

The one day conference in Mumbai will see major players in the sector addressing the concerns faced by the industry in India and dialoguing on upcoming opportunities. Eminent speaker would include Shrinivas Dempo (Chairman CII Western Region); Anuj Puri (Jones Lang LaSalle Meghraj); Anil Harish (DM Harish & Co); Ashish Raheja (K Raheja Universal Ltd); Dharmesh Jain (Nirmal Lifestyles); Sunil Mantri (Mantri Group); Sunil Rohokale (ICICI Bank Ltd); Harshavardhan Neotia (Bengal Ambuja Housing Development Ltd); Parag Munot (Kalpataru Construction Overseas Pvt Ltd), Lalit Kumar Jain (Kumar Builders); Dr Ganesh Natarajan (Zensar Technologies Ltd); Satish Magar, Magarpatta Township Dev; R N Bhaskar (e-convergence Technologies Ltd); R K Aggarwal (Hindustan Lever Limited); Niranjan Hiranandani (Hiranandani Group of Companies); B S Nagesh (Shopper's Stop); Vivek Law, CNBC TV 18 to name a few.

Mr Anuj Puri, Conference Chairman & Country Head, Jones Lang LaSalle Meghraj (formerly Trammell Crow Meghraj) said, "The CII Real Estate conference aims to look holistically at various challenges facing the sector, as well as the opportunities. With the entry of global realtors in conjunction with national players, the industry will experience a landscape change. We need to strategise the direction of growth, not just for the domestic market but beyond the national borders as well. More than anything else, it is imperative at this stage that we have a strong, long-term vision for the real estate industry."

Indian Real Estate has witnessed a major upsurge with the Government allowing 100 % FDI in this sector in construction and serviced land development. Foreign players are eyeing India as one of the best and lucrative destinations for Real estate development and investment. With the partial opening of FDI in retail sector, a buoyant real estate market promises a bright tomorrow for the construction sector in India.

Talking about the challenges faced by the Real Estate sector in India, Anurag Mittal, Business Head, Business Wire India said, "While the real estate sector in India is growing manifold, there is an increasing need to tackle the transparency issues within the domestic market. The need will also magnify with the entry of foreign players in the Indian markets. It is imperative that the industry is organized as well as builds a level of trust with their target audience through constant communication."

Business Wire India joins hands with CII for the Real Estate conference to connect the real estate sector with the global financial and media community. The boom in the real estate industry requires to be coupled with effective strategy to keep the relevant global audiences in the information loop and thus gain competitive edge in the information era.

Key Sponsors include Nirmal Lifestyles (Principal Sponsor), Peninsula Corporate Park and Godrej Entranza (Co-Sponsor), Beacon Hotels & Resorts (Session Sponsor); CNBC TV 18 and CNBC Awaaz (Official Electronic Media Partner).

About CII

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the growth of industry in India, partnering industry and government alike through advisory and consultative processes.

CII is a non-government, not-for-profit, industry led and industry managed organization, playing a proactive role in India's development process. Founded over 111 years ago, it is India's premier business association, with a direct membership of over 6300 organisations from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 90,000 companies from around 336 national and regional sectoral associations.

A facilitator, CII catalyses change by working closely with government on policy issues, enhancing efficiency, competitiveness and expanding business opportunities for industry through a range of specialized services and global linkages. It also provides a platform for sectoral consensus building and networking. Major emphasis is laid on projecting a positive image of business, assisting industry to identify and execute corporate citizenship programmes.

CII's theme of "Competitiveness for Sustainable and Inclusive Growth" reflects the Confederation's commitment to balanced development that encompasses all sectors of the economy and all sections of society, at all levels - Global, National, Regional, State and Zonal.

With 57 offices in India, 7 overseas in Australia, Austria, China, France, Singapore, UK, USA and institutional partnerships with 240 counterpart organisations in 101 countries, CII serves as a reference point for Indian industry and the international business community.

About Business Wire India:

Business Wire India is the definitive platform for corporate news dissemination. Business Wire India is the exclusive Indian affiliate of Business Wire, a Berkshire Hathaway company (Fortune 12). Business Wire India disseminates full-text corporate news to more than 4,000 media points, a large financial community, national and international news agencies, managers of corporate information databases, and information portals, in India and thousands of key media and financial points across the globe. It is also effectively positioned on popular search engines, ensuring that the information is easily accessible to a wider range of information seekers, on a real-time basis. In recent years, Business Wire India has also actively forayed into news dissemination in the financial markets, transposing Business Wire's global experience to India. Business Wire India strongly advocates greater freedom for the financial markets and need for greater transparency through open channels of communication, in the corporate sector.

Source: Business Wire India (Business Wire India)

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