Here are the nominees for the final six names for the coveted “India’s Most Trusted & Transformational Real Estate Entrepreneur” at 8th Annual India Leadership Conclave’s 8th edition.

India’s Most Trusted & Transformational Real Estate Entrepreneur 2017

1.Dr. K. V. Satish, Chairman & Founder of DS-MAX Properties Pvt Ltd. (175)
2.Mr. Nayan Raheja,Chairmanr, Raheja Developers Pvt. Ltd. (176)
3.Dr. S Vasudevan Chairman, Ozone Group. (177)
4.Mr. Suhas Lunkad,Chairman & Managing Director at Rohan Group. (178)
5.Mr. Bijay Kumar Agarwal,Managing Director at Salarpuria Sattva Group. (179)
6. Vikas Oberoi – Chairman & Managing Director,Oberoi Realty Limited. (180)

India is ranked fourth in developing Asia for FDI inflows as per the World Investment Report 2016 by the United Nations Conference for Trade and Development. That is endorsement at the highest levels – and real estate saw equity investment on a very visible return journey to India last year. Indian real estate has attracted $32 billion in private equity so far. The global capital flow into Indian real estate in 2016 stood at $5.7 billion. Throughout 2016, the number of new residential project launches was lower than units sold. With all states staring at the approaching deadline to implement their versions of the Real Estate Regulation & Development Act (RERA), most of them will definitely fall in line. This landmark law will enforce hitherto unprecedented transparency and accountability requirements for developers into the system, and do a lot to increase consumer confidence. Consumer activism, which has already been making news in recent times, will increase in distressed ongoing projects. And it’s not only RERA that the Indian real estate sector anticipates with bated breath. The Goods and Services Tax (GST) and the Benami Property Act will also have a major impact on how many developers run their businesses. Demonetisation shook up the older ways of working, but did not affect self-governing developers with the right products targeted at the working masses. The rest have realized it is time now to revamp their existing business models if they want to remain in business at all. Market watchers who had despaired of the Indian real estate market ever shedding its tainted image have every reason to perk up now.

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