mumbai 24-25 september - gri club - gri club gathers … sanghvi vice president westbrook usa tushar...
TRANSCRIPT
Mumbai 24-25 September
Global and LocalInvestors and Developers
in Indian Real Estate
TOTAL REAL ESTATE
Sanjeev DasGuptaKSHITIJ/FUTURE CAPITAL
Ravindra ChamariaINFINITY INFOTECH PARKS
Shirish GodboleGOLDMAN SACHS
Shahzaad DalalIL&FS
Richard DansereauCADIM
Gian BansalUPPAL GROUP
Brad BaumanALPHA REAL CAPITAL
Sourav GoswamiWALTON STREET CAPITAL
Navid ChamdiaQATAR INVESTMENT AUTHORITY
The GRI invites senior
industry leaders who
might find it useful to
chair a discussion at
a GRI event to contact
Emrah Senel, Director, GRI
THE BIG PICTURE
OUTLOOK AND OPPORTUNITIES FOR 2009 - WHAT’S AHEAD?
INSTITUTIONAL END-INVESTORS - IS INDIA THE PLACE?
FROM ACQUISITION TO EXECUTION - ARE NEW RISKS EMERGING? ...and many more
INVESTOR PROGRAM
OPPORTUNITIES IN INDIA - WHERE TO ALLOCATE YOUR MONEY?
PROVIDING PRINCIPAL INVESTMENT - HAS THE LINE BETWEEN DEBT AND EQUITY
BECOME BLURRED?
INDIA - READY FOR OPPORTUNISTIC INVESTORS? ...and many more
DEVELOPER PROGRAM
TOWNSHIP DEVELOPMENTS - SUCCESS ALL AROUND?
LOCAL DEVELOPERS, FOREIGN INVESTORS - WHO’S CHASING WHOM?
INFRASTRUCTURE DEVELOPMENT - OPPORTUNITIES FOREVER? ...and many more
CAPITAL MARKETS
FINANCING DEVELOPERS - IS FOREIGN MONEY NEEDED?
FOREIGN FUNDS IN INDIA - HOW MUCH INDIA IS TOO MUCH?
TIGHTENING LIQUIDITY - OPPORTUNITY OR CHALLENGE? ...and many more
STRATEGIC PROGRAM
EAST/WEST VENTURES - SAME BED, DIFFERENT DREAMS?
TALENT IN REAL ESTATE - WILL BRAIN DRAIN PROVE FATAL?
REAL ESTATE FUNDING - IS IPO THE SILVER BULLET? ...and many more
SECTOR PROGRAM
RETAIL IN INDIA - STILL A GOLDMINE?
HOSPITALITY/HOTELS - MONEY TO MAKE OR TO LOSE?
RESIDENTIAL CHAMPAGNE - IS TOO MUCH BUBBLY NEVER ENOUGH? ...and many more
WELCOME
Henri Alster
Henri Alster
Chairman, GRI - Global Real Estate Institute
President, American European Investment Bankers, Inc.
Peter KaschCATALYST CAPITAL
Rajesh JaggiPENINSULA LAND
Deepak IsraniPACIFICA COMPANIES
Lalit GoyalIREO MANAGEMENT
The job of Discussion Chairs at the GRI is not to talk.
It is to make others talk, engage and connect.
Emrah Senel
Emrah Senel
Director, India GRI
GRI - Global Real Estate Institute
Yash GuptaHINES
Ricardo KoenigsbergerXE CAPITAL
Prasad KoneruRAKINDO DEVELOPERS
Aashish KalraTRIKONA
Surendra HiranandaniHIRANANDANI DEVELOPERS
On 24-25 September 2008 in Mumbai the GRI will bring together international investors
and the leading indian developers and decision makers, which together are driving the real
estate business in India today for a series of small and informal discussions.
Like with all GRI meetings, these discussions - each masterminded by leading industry
players - encourage you and everybody to join in, to talk and to share.
It is a place where senior players meet each other and build friendships in a setting
devoid of selling pressure.
Discussion chairs are not speakers. The job of discussion chairs is to make others talk,
engage and connect. If connecting with industry peers on topics of mutual interest
is useful to you, we would be delighted to welcome you to the India GRI.
See you in Mumbai.
IREO CAFE
Vincent LottefierJONES LANG LASALLE MEGHRAJ
Tuhin ParikhBLACKSTONE
Ariel PodrojskiBCRE GROUP
Neel RahejaK RAHEJA CORP
Balaji RaoSTARWOOD CAPITAL
Nipun SahniDSP MERRILL LYNCH
Suresh RahejaK RAHEJA UNIVERSAL
Kenneth MunkacyGID INTERNATIONAL
Ambar MaheshwariDTZ
For those who think the opportunity to schedule personal meetings with so many of the industry’s best and brightest is too good to pass up.
Schedule your appointments early...
KEYNOTE
DR SHANKAR ACHARYA
member, board of governors
and honorary professor
ICRIER
BOOMING INDIA is growth alone sustainable?
Harin ThakerHYPO REAL ESTATE
Marc-Henri VeyrassatRAKEEN DEVELOPMENT
Punit ShahPwC
Avnish SinghGE REAL ESTATE
Parry SinghRED FORT CAPITAL
Harkirat Singh BediIDEB PROJECTS
S SriniwasanKOTAK INVESTMENT
Manav ThadaniHVS
Sanjay VermaCUSHMAN AND WAKEFIELD
TIMETABLE
Ongoing updates at
www.mygri.com/india
Wednesday September 24
12h00 - onwards
Check-in
14h00 - 17h15
Group Discussions
17h15 - 18h15
Welcome Drinks
19h00 - 22h00
GRI Board DinnerBy invitation only- reserved for GRI attending members,
India GRI Partners and Discussion (co-)Chairs.
Thursday September 25
09h00 - 10h00
Keynote
10h15 - 17h00
Group discussions, lunch & closing drinks
DRESS CODE - Business Casual
DISCUSSIONSPLEASE NOTE:
GROUP DISCUSSIONS
REQUIRE PRIOR
SIGN-UP ON
REGISTRATION FORM
INDIA REINVESTMENTS
do joint ventures provide enough
return?
ATUL KAPURINDIVISION
RICHARD DANSEREAUpresident & cooCADIM canada
MANISH GUPTAmanaging directorSTREIT INDIA india
HARI KRISHNAcioKOTAK INVESTMENT ADVISORS india
YESH NADKARNIhead re investment managementICICI PRUDENTIAL india
AVNISH SINGHcountry head indiaGE REAL ESTATE india
Atul Kapur
Yesh Nadkarni
Richard Dansereau
Avnish Singh
Hari Krishna
All material throughout this brochure is subject to change without notice.Ongoing updates atwww.mygri.com/india
SLOWDOWN INREAL ESTATE
how real is it?
ROHAN NARSEceoINDIAN OCEAN VENTURES uk
ALOK AGGARWAL joint mdKWALITY DEVELOPERS india
DR DEEPAK BAJAJdirector, investments &projectsUNITECH REALTY INVESTORSindia
SUBASH DASdirectorDEUTSCHE BANK india
VIREN JADHAV director - emeiHYPO REAL ESTATE india
PRASAD KONERUmanaging directorRAKINDO DEVELOPERS india
SUNIL ROHOKALEmd & ceoICICI BANK india
Alok Aggarwal
Subash Das Viren Jadhav
Rohan Narse Dr Deepak Bajaj
Prasad Koneru
Sunil Rohokale
DISCUSSIONS
No
speakers.
Pierre Lalonde Michiel Schwartz
INSTITUTIONALEND-INVESTORS
is India the place?
SANJEEV DASGUPTA managing directorKSHITIJ/FUTURE CAPITAL REAL ESTATE india
NAVID CHAMDIA head of real estateQATAR INVESTMENTAUTHORITY qatar
AASHISH KALRA co founder & mdTRIKONA CAPITAL usa
PIERRE LALONDE svp, portfolio managementIVANHOE CAMBRIDGE canada
MICHIEL SCHWARTZ partnerADAM REALTY india
Sanjeev Dasgupta Navid Chamdia Aashish Kalra
Rahul Ghai
INVESTORSIN INDIA
anything left to invest in?
VARUN KHANNA director new initiativesIREO MANAGEMENT india
RAJNEESH AGRAWAL vice presidentAVENDUS ADVISORS india
RAHUL ANANDdirector PORTMAN HOLDINGS india
RAHUL GHAI associate director STANDARD CHARTERED-ISTITHMAR RE FUND singapore
SONICA MALHOTRA executive director MBD GROUP india
NEEL RAHEJA director K RAHEJA CORP india
Varun Khanna Rajneesh Agrawal
Sonica Malhotra
Rahul Anand
Neel Raheja
OPPORTUNITIESIN INDIA
where to allocate your money?
KARMVIR RAJPUROHIT head real estateRIGHT MERIDIANPACIFIC CAPITAL india
LUV SHAH directorRREEF india
PARRY SINGHmanaging directorRED FORT CAPITAL india
RITESH VOHRA director investmentsSAFFRON ASSET ADVISORS mauritius
Bryan Southergill Amit Bhagat Karmvir Rajpurohit
Luv Shah Parry Singh Ritesh Vohra
BRYAN SOUTHERGILL executive director,
head of asia re investingJP MORGAN SECURITIES
hong kong
AMIT BHAGAT head property services
ICICI HOME FINANCEindia
DISCUSSIONS
FOREIGN FUNDSIN INDIA
how much India is too much?
SHIRISH GODBOLEmanaging directorGOLDMAN SACHS uk
DENIS EPOHvp investmentsSITQ canada
KISHORE GOTETYcountry headRREEF india
LOUIS KLEINfounding partnerIREO MANAGEMENT india
DR P.S. RANAchairmanTRIKONA CAPITALDEVELOPMENT india
SANDEEP SINGHvp capital markets groupCUSHMAN & WAKEFIELD india
SHREEHARSHA VASANT PHENE managing directorHYPO REAL ESTATE india
Shirish Godbole Denis Epoh
Dr P.S. RanaLouis Klein
Kishore Gotety
Sandeep Singh
Shreeharsha Vasant Phene
INDIANREAL ESTATE
how vulnerable to recession
in US?
SUNIL AGARWAL chief development officerSOUTH ASIAN REAL ESTATEindia
LUI CHONG CHEE ceoCAPITALAND FINANCIALsingapore
ANAND TRIVEDImd, principal transaction groupSHINSEI BAN india
STEVEN WISCHfounding partnerIREO MANAGEMENT india
Sunil Agarwal Lui Chong Chee
Anand Trivedi Steven Wisch
DISCUSSIONS
Just
collegial
discussions
where all
participate
equally.
INDIAwhat’s the real
state of real estate?
GULZAR MALHOTRAvice president, credit riskDEUTSCHE BANK india
REVATHY ASHOKdirector - financeTSI VENTURES india
ADITYA BHARGAVAmanaging directorSTREIT INDIA india
SUBODH RUNWALdirectorRUNWAL GROUP india
RAJIV SABHARWAL senior general managerICICI BANK india
DOTT UMBERTO VITIELLOpartnerREALTY PARTNERS italy
Revathy Ashok Aditya Bhargava Subodh Runwal
Rajiv Sabharwal Dott Umberto Vitiello
OUTLOOK ANDOPPORTUNITIES
FOR 2009 what’s ahead?
JENNIFER NOVACKpartnerSOUSOU PARTNERS usa
ROHIT GERA executive directorGERA DEVELOPMENTS india
SURENDRA HIRANANDANImanaging directorHIRANANDANI DEVELOPERSindia
DENNIS LOPEZceoSUN REAL ESTATE uk
JESAL SANGHVIvice presidentWESTBROOK usa
TUSHAR SARDAchief investment officerURBAN INFRASTRUCTURE india
S. SRINIWASANceoKOTAK INVESTMENTADVISORS india
SANJAY VERMAexecutive md, south asiaCUSHMAN & WAKEFIELD india
Jennifer Novack Rohit Gera Surendra Hiranandani
Dennis Lopez Jesal Sanghvi Tushar Sarda
S. Sriniwasan Sanjay Verma
DISCUSSIONS
THE GLOBALCREDIT CRUNCH
impact on Indian real estate
SAMEER NAYARmd & head of re financeasia pacificCREDIT SUISSE india
ANURAG BHARGAVAmanaging partnerIREO MANAGEMENT india
ANSHUL JAINceo, indiaDTZ uk
SANDEEP KOTAKhead - real estateKOTAK MAHINDRA BANK india
VINOD ROHIRAdirectorK RAHEJA CORP india
Sameer Nayar Vinod RohiraAnshul Jain
INVESTINGIN INDIA
is the sheen off?
SHEKAR NARASIMHANceoBEEKMAN HELIX INDIA usa
DEEPAK ISRANIsenior vpPACIFICA COMPANIES usa
ROBERT LESTERprincipalPARK HILL REAL ESTATE usa
Shekar Narasimhan Deepak Israni Robert Lester
All material throughout this brochure is subject to change without notice.Ongoing updates atwww.mygri.com/india
INDIA’SREAL ESTATERACETRACK managing
through the curve
LLOYD LEE directorMARATHON ASSETMANAGEMENT uk
OM CHAUDRYmanaging directorFIRE CAPITAL india
MAHESH MANIceoTCG REAL ESTATE india
DINKAR RAIceoGLOBAL TRUSTCAPITALFINANCE india
Lloyd Lee Dinkar Rai
DISCUSSIONS
TALENT IN REAL ESTATE
will brain drain prove fatal?
SUNIL SURIprincipal and managing memberMENLO CAPITAL GROUP usa
AANANDJIT SUNDERAJsenior director-investments, real estate ICICI VENTURE FUNDS india
R. VASUDEVANmanaging directorVASCON ENGINEERS india
Aanandjit SunderajSunil Suri R. Vasudevan
FROMACQUISITION
TO EXECUTION are new risks
emerging?
SOURAV GOSWAMImanaging directorWALTON STREET CAPITAL india
SANJAY BANSAL managing directorAMBIT CORPORATE FINANCEindia
SHAHZAAD DALALvice chairman & mdIL&FS INVESTMENT MANAGERSindia
RAJESH JAGGImanaging directorPENINSULA LAND india
JOHN MONTAQUILAprincipalM3 CAPITAL PARTNERS usa
SANJOY PAULexecutive directorTCG REAL ESTATE india
Sanjay BansalSourav Goswami Shahzaad Dalal
John MontaquilaRajesh Jaggi Sanjoy Paul
PROVIDING PRINCIPAL
INVESTMENThas the line
between debt and equity
becomeblurred?
BIRJU SHAHdirectorDEUTSCHE BANK uk
DR ARCHANA HINGORANIexecutive directorIL&FS INVESTMENT MANAGERSindia
VIVEK KRISHNANassistant vp - investmentsGE REAL ESTATE india
RAHUL RAIprincipalSUN APOLLO RE india
Birju Shah Dr Archana Hingorani
Vivek Krishnan Rahul Rai
The job
of the
discussion
chairs is
to make
everybody
talk...
DISCUSSIONS
EAST/WEST VENTURES
same bed, different dreams?
KARIM MERCHANTcountry manager, indiaGID INTERNATIONAL GROUP usa
SORABH JAINprincipalSUN APOLLO RE india
ARSHDEEP SETHIvp - investment & alliancesRMZ CORP india
CAROL TAITsr. vice president - corporateaffairsNITESH ESTATES PRIVATE india
BRIG MAZHAR UL HAQsenior advisorABRAAJ CAPITAL uae
Karim Merchant
Carol Tait
Sorabh Jain
Brig Mazhar Ul Haq
Arshdeep Sethi
FOREIGNINVESTMENT
IN INDIAhow welcome
is it?
RAJIV BANGAceoIDEB PROJECTS india
ALOK AGGARWAL principalSUN APOLLO RE india
ARVIND PAHWAmanaging directorJP MORGAN india
PUNIT SHAHexecutive directorPWC india
CHOWDARY YALAMANCHILIceoCNC DEVELOPERS india
Rajiv Banga
Punit Shah
Alok Aggarwal
Chowdary Yalamanchili
Arvind Pahwa
JV EXITSwhen is
the best time to separate?
SUSH TORGALKARmanaging principalWESTBROOK usa
SANDEEP RAHEJAmanaging directorK. RAHEJA CONSTRUCTIONSindia
SUNDARAM RAJAGOPAL md head, india re private equityLEHMAN BROTHERS india
NIPUN SAHNI head global commercial reDSP MERRILL LYNCH india
NITESH SHETTY managing directorNITESH ESTATES PRIVATE india
Sush Torgalkar Nipun Sahni Nitesh Shetty
DISCUSSIONS
...helping
everyone
share,
connect
and make
friends...
RETAIL IN INDIAstill a goldmine?
SUSIL DUNGARWALretail & realty analystISHANYA MALLS india
SHISHIR BAIJALceoKSHITIJ/FUTURE CAPITAL REAL ESTATE india
JEETENDRA KARANIassistant vp - investmentsGE REAL ESTATE india
Susil Dungarwal Shishir Baijal Jeetendra Karani
HOTELSopportunity
or jeopardy?
MANAV THADANImanaging directorHVS india
AMLAN BAIJALdirector - business developmentGOLD RESORTS india
PAUL LOGANvp development, southern asia & koreaIHG ASIA PACIFIC singapore
RAHUL NAIRhead of investmentFUTURE CAPITAL HOLDINGSindia
RAJESH PUNJABIvp developmentHILTON HOTELS india
JACOB PURACKALassistant vpMOLINARO KOGER india
VIMAL SINGHsvp & mdGOLDEN TULIP HOTELS& RESORTS india
Manav Thadani Rahul NairPaul Logan
Rajesh Punjabi Jacob Purackal Vimal Singh
INDIAready for
opportunistic investors?
RICARDO KOENIGSBERGER managing directorXE CAPITAL MANAGEMENT usa
SUBHASH BEDImanaging directorRED FORT CAPITAL india
PHIL MCARTHUR senior vp, indiaIVANHOE CAMBRIDGE INC. india
APURVA MUTHALIAvice presidentJP MORGAN india
Ricardo Koenigsberger Subhash Bedi
Phil McArthur Apurva Muthalia
DISCUSSIONS
INDIAN OFFICE MARKET
are yields attractive?
TUHIN PARIKHmanaging director reBLACKSTONE INDIA india
MAHESH GANDHI directorTRIKONA CAPITAL india
YASH GUPTAjoint mdHINES india
KARTIK MEHTAdirectorGROUP KAJIVA india
Tuhin Parikh Mahesh Gandhi Yash Gupta
All material throughout this brochure is subject to change without notice.Ongoing updates atwww.mygri.com/india
BUSINESS/IT PARKSis it all done yet?
INFRASTRUCTURE DEVELOPMENT opportunities
forever?
NIRMAL JIT SINGHcfoIDEB PROJECTS india
MANISH AGARWALdirectorLEVERAGE CAPITAL GROUP india
DR VENKAT CHANDRASEKARprofessor -executive directorINDIAN SCHOOL OF BUSINESSindia
SUJIT KANORIAdirectorBENGAL SHRISTICOM/INDEXASPX india
ARUN NANDAexecutive director & president,mahindra infrastructureMAHINDRA & MAHINDRA india
M.K SINHApresident & ceoIDFC PROJECT EQUITY india
KOGANTI SRINATHvice presidentPANTHERA DEVELOPERSindia
Nirmal Jit Singh Manish Agarwal
Arun Nanda
Dr Venkat Chandrasekar
M.K Sinha Koganti Srinath
R K NARAYANdirectorINFINITE INDIA INVESTMENT MGMT india
RAVINDRA CHAMARIAchairman & md INFINITY INFOTECH PARKSindia
SHAKTI NATHchairman & md LOGIX GROUP india
R K Narayan Ravindra Chamaria Shakti Nath
DISCUSSIONS
AFFORDABLE HOUSING
still a mirage or closer home?
VIBHISHEK SINGHdirectorUNIQUE BUILDERS india
CHANAKYA CHAKRAVARTImd real estateACTIS india
RAMAMURTHY SUNDARAM director projectsIREO MANAGEMENT india
Vibhishek Singh Chanakya Chakravarti
COMMERCIAL REAL ESTATE
how long the boom?
AJAY VAZIRANIsenior partnerHARIANI & CO india
PRASANNA DESAIdirectorREIT PROPERTY MGMT INDIA india
VIJAY KARNANImanaging directorGOLDMAN SACHS india
RAJESH LUNDmanaging directorSRIVARI INFRASTRUCTURE india
JOE VERGHESEcooCOLLIERS INTERNATIONAL india
KAPIL WADHAWANvice chairman & managing directorDHFL india
RUDRESH WADHERAceoSCHOLAR CAPITALMANAGEMENT uk
Ajay Vazirani Prasanna Desai Rudresh Wadhera
LOGISTICS REAL ESTATE
following the flow?
CHARLES DE PORTESglobal presidentREDWOOD GROUP uk
RAJARSHI DATTAsenior vpBRIDGE CAPITAL REALTY india
BRIAN ORAVECmd & ceoREALTERM FUTURE CAPITAL RE india
RUCHIKA SETHI principalWARBURG PINCUS india
Charles de Portes Rajarshi Datta Brian Oravec
...as if an
after-dinner
conversation
in one’s
own living
room.
DISCUSSIONS
RESIDENTIAL CHAMPAGNE
is too muchbubbly never
enough?
KENNETH MUNKACYsenior mdGID INTERNATIONAL GROUP usa
ANUJ GUPTAceoSOUTH ASIAN REAL ESTATE uk
ALEX HAYIMdirectorREIT PROPERTY MGMT INDIA india
P K NARAYANANchief operating officerUKN PROPERTIES india
ASHISH RAHEJAmanaging directorK. RAHEJA UNIVERSAL india
HENRI YOUNGdirector of marketingRAIMON LAND thailand
Kenneth Munkacy
P K Narayanan
Anuj Gupta
Ashish Raheja
Alex Hayim
HOSPITALITY/HOTELS
money to make or to lose?
GAURAV MEHTAvice president MORGAN STANLEY india
UTTAM DAVÉ head development, president & ceo, interglobe hotelsACCOR HOSPITALITY india
SUMIT GUHAvp- projects & businessdevelopmentTAJ HOTELS RESORTS india
ROCKY ISRANIdirector india investmentsPACIFICA COMPANIES india
AKSHAY KULKARNIdirector, south asiaCUSHMAN & WAKEFIELD india
AMAR MERANIsenior vpKOTAK INVESTMENT BANKINGindia
BALAJI RAOmanaging directorSTARWOOD CAPITAL INDIAindia
SACHIN SHAHmanaging principalSAMSARA CAPITAL india
Uttam Davé Rocky Israni Akshay Kulkarni
Amar Merani Balaji Rao Sachin Shah
DISCUSSIONS
FINANCINGDEVELOPERS
is foreign money needed?
FELIX HICKfounder & ceoSHIVA CAPITAL germany
JAIRAJ AMINmanaging director, emeiHYPO REAL ESTATE uk
PRAKASH KALOTHIAdirector SUN GROUP india
VINCENT LOTTEFIERceoJONES LANGLASALLE MEGHRAJ india
ROHIT MOHINDRAdirectorCREDIT SUISSE singapore
MARC-HENRI VEYRASSAT director business developmentRAKEEN DEVELOPMENT uae
Felix Hick Jairaj Amin
Rohit MohindraVincent Lottefier
Prakash Kalothia
Marc-Henri Veyrassat
TITLE INSURANCE COMES TO INDIA
will the “legal minefield”
be defused?
JOEL PECKsenior vp LANDAMERICA usa
AMIT BAGARIAchairman & ceoASIPAC PROJECTS india
ZIA MODY founding partnerAZB india
NARESH NAIKimd - private equityLEHMAN BROTHERS india
Joel Peck Amit Bagaria Zia Mody
REAL ESTATE FUNDING
is IPO the silver bullet?
ELIE HABIBvice presidentGLOBAL INVESTMENT HOUSE uae
PANKAJ JAJUsenior vpENAM SECURITIES india
SANJAY RAMANUJAM head financeTSI VENTURES india
Elie Habib Pankaj Jaju
DISCUSSIONS
SUSTAINABLE DEVELOPMENTwhy bother?
AMBER MALHOTRAexecutive directorWALTON STREET CAPITAL india
CRIS DEDIGAMAceoLEIGHTON india
SHERU LOKHANDWALLAsenior asset managerNEF usa
KAMAL MEATTLEceoPAHARPURBUSINESS CENTRE india
ROHIT PODDARmanaging directorPODDAR DEVELOPERS india
SUJAL SHROFFmanaging directorVANGUARD REALTY india
G.B SINGHchairman & mdRED FORT CAPITAL india
Amber Malhotra Kamal Meattle
Sujal Shroff G.B Singh
TOWNSHIP DEVELOPMENTS
success all around?
BRIAN GARRISONmanaging directorFOREST CITYINTERNATIONAL uk
OEDITH JAHARIAmanaging directorDUTCH HARYANA BUSINESS CONSORTIUMnetherlands
ANIRUDDHA JOSHI executive directorHIRCO india
YOGESH MAURYAdeputy headTSI VENTURES india
GIRIJA MUNGALImanaging directorAIRAWAT DEVELOPERS PVT india
MAYUR SHAHdirectorMARATHON REALTY india
Brian Garrison
Yogesh Maurya
Oedith Jaharia
Girija Mungali
Aniruddha Joshi
DISCUSSIONS
LOCAL DEVELOPERS,
FOREIGNINVESTORS
who’s chasing whom?
DEAL STRUCTURINGexpectations
vs. reality
JAGINDER PASRICHAexecutive director businessdevelopment.BABCOCK & BROWN india
HARKIRAT BEDImanaging directorIDEB PROJECTS india
SHAGOOFA KHANhead - legalKOTAK INVESTMENT ADVISORSindia
JACOB MATHEW managing directorMAPE ADVISORY GROUP india
MURALI MOHAN VOGETYprincipalATHENA CAPITAL uk
Jacob MathewHarkirat Bedi
ANUJ MALIKbusiness dev. advisor - india ARCH CAPITALMANAGEMENT hong kong
RAJEEV BAIRATHIassociate directorDTZ india
SRIVATSA KRISHNAexecutive director & ceo south asiaLIMITLESS uae
NAVEEN MUNJALceoHERO EXPORTS india
Anuj Malik
Srivatsa Krishna
Rajeev Bairathi
Naveen Munjal
TIGHTENING LIQUIDITY
opportunity or challenge?
FREDRIK ELWINGmanaging directorCREDIT SUISSE uk
ANIL AGGARWAL director & cfoIREO MANAGEMENT india
RAJ BHANDARImanaging partnerADAM REALTY india
MANISH DHAMEJAhead, commercial re indiaSTANDARD CHARTERED india
ANURAG MATHUR joint mdCUSHMAN & WAKEFIELD india
Fredrik Elwing
Manish Dhameja Anurag Mathur
Raj Bhandari
DISCUSSIONS
LANDINVESTMENTS
massive returns but understand
the risks?
RAJESH BINNERnational head of real estateTAIB CAPITAL india
AMBAR MAHESHWARIdirector DTZ india
AMAR SARIN executive director ANANTRAJ INDUSTRIES india
LALIT GOYALvice chairman & md IREO MANAGEMENT india
SAROJ JHApartner FOX MANDAL LITTLE india
CHANDRA PATELmanaging director ANTARCTICA INDIA REAL ESTATE usa
ARIEL PODROJSKIhead of india operations BCRE GROUP israel
RAJIV SAMANI chairman & md SAMRAJ GROUP india
Lalit GoyalAmbar Maheshwari Chandra Patel
Ariel Podrojski Rajiv Samani
SEZ
will investor’s dreams come
true?
VINOD GUPTAdirectorMETCHEM SINGAPORE PTE singapore
GIAN BANSAL ceoUPPAL GROUP india
BRAD BAUMANceoALPHA REAL CAPITAL uk
AJOY KAPOORfounder and mdSAFFRON ASSET ADVISORSmauritius
SHIRISH NAVLEKARcfoGMR GROUP india
Vinod Gupta
Ajoy Kapoor
Gian Bansal
Brad Bauman
REGISTRATION NOTES
HOTELS
Please book directly requesting “GRI” rate.
Lodging costs are not included in conference fees.
The Taj Mahal Palace & Tower *****Apollo Bunder, Mumbai 400 001, India
Reservations: Tel + 91. 22 66653366 Fax + 91. 22 66653100
Email: [email protected]
Alternatively download hotel reservation form from GRI
website www.mygri.com/tajreservation.pdf and fax or
email to the Taj Palace quoting “GRI”.
VISA INFORMATION
Please note that a visa is required to enter India for the t
event. A formal letter of confirmation can be arranged by
the GRI on your behalf. For further assistance please
contact: [email protected]
LANGUAGES
All group discussions will take place in English.
BADGES
Delegates must wear their badge at all times.
Admission will regrettably not be possible otherwise.
PAYMENT CURRENCY
Payment in Euros or Sterling is acceptable. The amount will
be at the exchange rate in effect on the day
+ 3%. Please call Registrations + 44. 20 8492 2625.
TERMS AND CONDITIONS
Payment is required by return. Delegate fee must be paid in
full prior to Summit or admission is regrettably not
possible. Payment by check or wire is NOT possible after
August 22nd. Payment by credit card is acceptable anytime.
Confirmation will be sent on receipt of payment.
If you have not received confirmation within 14 days of
registration, please contact us to confirm your booking.
Cancellation and transfer to colleagues must be in writing.
Transfer to colleagues is possible at any time. 90% refund w
apply if cancellation notice is received by August 8th, 2008.
We regret no refunds are possible for cancellations received
thereafter.
(1) CHECK
Check and methods of payment other than credit cards
incur additional $125 + VAT charge.T
Pay “GRI”. Mail check and registration form to:
GRI, 1379 High Road, London N20 9LP, UK
(2) GROUP RATE
Group rate is per person.
Applies to groups of 3 or more participants.
Need not be from the same company.
Please note that registration fee reductions are not
cumulative.
Inquiries and further information:
www.globalrealestate.org [email protected]
UK Tel: +44. 208 492 2622 UK Fax: +44. 20 8445 6633
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All material throughout this brochure is subject to change without notice.Ongoing updates at www.mygri.com/india
Group rate - 3 or more, save $300 each
GRI ANNUAL MEMBERSHIPINDIVIDUAL MEMBERSHIP
• GRI Members as of December 31 are listed in the GRI Yearbook of the
subsequent year, published in March.
• GRI Members benefit from reduced rates when attending GRI Meetings.
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to GRI approval.
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is made. It can be requested to start the next quarter.
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CORPORATE MEMBERSHIP
• Please contact Henri Alster, Chairman, GRI - [email protected]
[FOR DISCUSSION (CO-)CHAIRS AND MEMBERS ONLY:]
Please email before August 7 to: [email protected]
PLEASE PROVIDE:
1. COMPANY SPECIALTY - maximum 16 words:LL
• Investors/lenders: criteria (type • where • amount range •
existing vs development...)
Example: “office, hotels, bulk sales • Germany, CEE, China • • US$100-500 • million • existing or development • • major metros only”•
• Developers: product specialty (type • where • size range • existing v development...)
• Other: describe speciality bullet point style
2. COLOR PORTRAIT PHOTO: HIGH RESOLUTION .JPG
3. LOGO: COLOR • B/W • INVERSE (.EPS FORMAT)
4. PERSONAL BIL OGRAPHY + DIVISION’S PROFILE
- 100 words maximum total, in 1 or 2 languages [adjust pro-rata if other
language takes less space (e.g. Mandarin - 2 to 1) or more].
- Division’s profile: division’s specific activity (more relevant & useful
than company’s overall)
INDIA GRI 2008 24 - 25 SEPTEMBER MUMBAI, THE TAJ MAHAL PALACE & TOWER HOTEL
Early registration - Save $100 prior to August 22
I N D U S T R Y P A R T N E R
W W W . M I P I M . C O M
19-21 November 2008, Hong Kong
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Brack Capital Real Estate (BCRE) is a leading international owner, developer
and manager of large-scale real estate projects and related M&A activities.
With offices located throughout Europe, the United States, and Asia, BCRE
has built a presence worldwide by combining local expertise and the highest
professional standards with a global perspective.
Since its founding in 1992, BCRE has acted as a principal in investments of
over USD 8 billion and, as a developer and investor, has lead projects totaling
over 40 million square feet of office, retail, and residential space.
BCRE entered the Indian market in mid-2005 and has established a strong
local team that works in conjunction with local partners to identify and
execute development opportunities. With local offices in multiple cities,
BCRE India is currently working on several existing projects that are primarily
residential in nature as well as a diversified pipeline of future deals.
Ariel Podrojski
Tel: +972 542 156 186
+91 11 4658 4004
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CORPORATE PARTNERS
SENIOR PARTNERS
conglomerate having active operations in Engineering Constructions,
Real Estate, Manufacturing and Hospitality. Infrastructure comprises of
developing highways, hotels, bridges, plants, Metro Rail and elevated
structures. Where as real estate is currently developing 13 million sq ft
of realty space comprising of Residential, Commercial, Retail projects
and Industrial estate.
H S Bedi
Tel +91.08066161126 [email protected]
Rajiv Banga
Tel +91.9740011298 [email protected]
Durgesh Kumar Mishra
Tel +91.9900570734 [email protected]
XE Capital Management, LLC is an independent asset
management and specialized structured finance firm.
XE seeks profitable investment opportunities as a
multidisciplinary team of professionals with extensive
experience and expertise in global capital markets, including
real estate. XE has offices in NY and Singapore and a joint
venture for investment in Indian real estate in Delhi, India.
Ricardo Koenigsberger
Tel: +1. 646 253 6485
Peninsula Land Limited has diversified real estate development
across asset classes (Commercial, IT Parks, Retail, Residential,
SEZs) and businesses (Development, Facility Management,
Realty Fund). Peninsula’s presence in Mumbai has steadily
extended to other cities. Peninsula, ranked 84th amongst the
top 100 Indian companies, develops residential townships,
SEZs, technology parks, commercial towers and is supported
by global players in structural engineering, design, architecture
and construction.
Rajesh Jaggi
Tel + 91. 22 6622 9300
Pacifica Companies is a vertically integrated diversified real
estate developer that has invested in real estate since 1978 and
currently has holdings in US, Mexico, Caribbean and India. The
company is headquartered in San Diego, California and employs
nearly 2500 people with a 7 billion dollar track record and more
than $2.5 billion in real estate assets.Pacifica has established
a significant footprint in India and is constantly seeking
opportunities to invest in Indian real estate.
Deepak Israni
Tel +1. 619 296 9000 ex102 [email protected]
Rocky Israni
Tel + 91. 079 40027785 [email protected]
DTZ is one of the world’s leading global real estate
advisers, providing innovative real estate, investment
and business solutions worldwide. DTZ is a leading
name in all the world’s major business centres, with
12,500 people operating from 150 cities in 45 countries.
Around the world, DTZ professionals advise investors,
major financial institutions, property companies, banks,
governments and other public sector organisations.
Anshul Jain
Tel: +91 97170 33779
Jones Lang LaSalle Meghraj, the Indian operations of
Jones Lang LaSalle is a premier and largest real estate
professional services firm in India. With an expansive
geographic footprint and a staff strength of over 3300
professionals, the firm provides investors, developers,
local occupiers and multinational companies with
comprehensive real estate solutions.
Anuj Puri
Tel: +91. 22 2482 8400 [email protected]
Vincent Lottefier
Tel: +91. 124 460 5000 [email protected]
K. Raheja Universal founded in 1986 develops Residential & Commercial
projects, IT Parks & SEZs, Retail and Hospitality. The company has
developed projects over 4 million sq. ft with ongoing projects aggregating
10 million sq ft. and forthcoming projects aggregating 37 million sq. ft.
With a major presence in Mumbai, K. Raheja Universal has now geared
up to a Pan India footprint with projects coming up in Navi Mumbai, Pune,
Goa, Mangalore, Hyderabad, Bangalore, Chennai, Nagpur & Chandigarh.
Suresh Raheja chairmanTel +91. 22 66414300 [email protected]
Rahul Raheja vice-chairmanTel +91. 22 66414239 [email protected]
Ashish Raheja managing directorTel +91. 22 66414101 [email protected]
Ambar Maheshwari
Tel: +91 98200 40025
Asset manager. Investor. Lender. Developer. Property manager
The Real Estate Group combines all of the above with a total
assets under management of $71.7 billion, as at December 31,
2007. It manages and holds two portfolios of equity and debt
investments that are made by companies in its network.
Paul Campbell, SITQ
Tel: +1 514 840-7189 [email protected]
Richard Dansereau, Cadim
Tel: +1 514 673-1356 [email protected]
René Tremblay, Ivanhoe Cambridge
Tel: +1 514 841-7636 [email protected]
Catalyst Capital, headquartered in London, and Mumbai-
based Samsara Capital are co-sponsors of the Catalyst
Samsara India Opportunity Fund. The fund is currently
subscribed for $100m and has invested primarily
in the residential and hospitality sectors, following
opportunistic strategies, with high quality developer
sponsors in projects in Western and Southern India.
Jonathan Petit
Tel: 44. 20 7290 5100
PARTNERS
KnowledgePartner
Cushman & Wakefield is the largest fully integrated real estate services firm
in the world. Founded in 1917, it has 221 offices in 58 countries around the
globe and 15,000+ talented professionals. Cushman & Wakefield is involved
in every stage of the real estate process, from strategy to execution. The firm
represents clients in buying, selling, financing, leasing, managing and valuing
assets, and provides strategic planning and research, portfolio analysis, site
selection and space location services.
Sanjay VermaTel +91. 124 4695555
Red Fort Capital is a sponsor of leading international and
domestic real estate private equity funds, which actively invests
in residential, commercial, logistics, and infrastructure sectors
in India. The firm’s research driven approach and depth of
capabilities in asset and development management has made
Red Fort Capital a value added capital provider in the market.
G.B SinghTel +91. 9810621225
Future Capital Real Estate oversees the deployment of
around USD 1 Billion across real estate asset classes. Kshitij
Investment Advisory Co Ltd (KIAC), a subsidiary of Future
Capital Real Estate, advises on investment in and development
of retail real estate, pan India, and has been promoted by
Future Capital Holdings Ltd. KIAC is currently associated
with the development of 21 million square feet of retail and
mixed-use real estate.
Sanjeev DasguptaTel +91 22 4043 6107
HVS-India, world leader in hospitality consulting, offers services
to clients with interests in South Asia & Middle East. Its services
include Feasibility Studies; Valuations & Management Contract
Negotiations in addition to hospitality & realty focused Executive
Search. It also offers Marketing Communication and Asset
Management & Operational Advisory services. HVS owns Ecotel
– the hallmark of environmentally sensitive hotels – trademark.
Rakeen has a diversified international development portfolio
and is committed to designing and building structures which
are sympathetic to their surroundings and which preserve or
add to the natural habitat wherever possible. Rakeens core
values are Sustainability, Responsibility and Prosperity.
Fadl BadreddineTel +971. 50 4529117
Manav ThadaniTel + 91. 124 461 6000
Alpha Tiger Property Trust Limited (a London Stock Exchange listed
company) is a leading investment and development group providing
high quality, long-term solutions for occupiers. Alpha is a long-term
investor focused on business park-led projects; developing in joint
venture with developers, construction companies, Government, local
partners and land owners on a build to own basis. Alpha has extensive
experience of working in partnership with government authorities,
developers, land owners and corporate occupiers.
Brad Bauman Alpha Real Capital [email protected]
PricewaterhouseCoopers provides industry-focused assurance,
tax and advisory services with over 146,000 people in 150
countries working collaboratively using connected thinking.
Complementing our depth of industry expertise and breadth of
skills is a sound knowledge of the local business environment
in India. The firm has a strong focus on real estate investment
in the country.
Punit ShahTel +91. 22 6689 1144
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INVESTOR
PENSION (Investor)
PROPERTY COMPANY (Developer)
INFRASTRUCTURE COMPANY
LENDER
HOTEL (Company)
INVESTMENT BANK
CORPORATE (User)
AGENT (Surveyor)
ADVISOR (Accountant/Tax)
LAWYER
A&E (Architect/Engineer)
TITLE (COMPANY)
GOVERNMENT (Officials)
ECONOMIC DEVELOPMENT
ACADEMIC (Think Tank)
MEDIA
TRADE (Group/Exhibit/
Conference Organiser)
OTHER_________________
Sign-up for group discussionsGroup discussions run concurrently for 75 minutes each, in successive series of 6 to 7 at a time. Prior sign-up is required for participation, as there is limited seating capacity. While the GRI is committed to trying to satisfy sign-up requests, it regrettably cannot guarantee availability. Please tick ( ).
RESERVE YOUR SPACE: Sign up for group discussionsSLOWDOWN IN REAL ESTATE how real is it?
INDIA RE INVESTMENTS do joint ventures provide enough return?
INVESTORS IN INDIA anything left to invest in?
INSTITUTIONAL END-INVESTORS is India the place?
OPPORTUNITIES IN INDIA where to allocate your money?
INDIAN REAL ESTATE how vulnerable to recession in US?
FOREIGN FUNDS IN INDIA how much India is too much?
OUTLOOK AND OPPORTUNITIES FOR 2009 what’s ahead?
INDIA what’s the real state of real estate?
INDIA’S REAL ESTATE RACETRACK managing through the curve
INVESTING IN INDIA is the sheen off?
THE GLOBAL CREDIT CRUNCH impact on Indian real estate
PROVIDING PRINCIPAL INVESTMENT has the line between debt and equity become blurred?
FROM ACQUISITION TO EXECUTION are new risks emerging?
TALENT IN REAL ESTATE will brain drain prove fatal?
JV EXITS when is the best time to separate?
FOREIGN INVESTMENT IN INDIA how welcome is it?
EAST/WEST VENTURES same bed, different dreams?
INDIA ready for opportunistic investors?
HOTELS opportunity or jeopardy?
RETAIL IN INDIA still a goldmine?
BUSINESS/IT PARKS is it all done yet?
INFRASTRUCTURE DEVELOPMENT opportunities forever?
INDIAN OFFICE MARKET are yields attractive?
LOGISTICS REAL ESTATE following the flow?
COMMERCIAL REAL ESTATE how long the boom?
AFFORDABLE HOUSING still a mirage or closer home?
HOSPITALITY/HOTELS money to make or to lose?
RESIDENTIAL CHAMPAGNE is too much bubbly never enough?
REAL ESTATE FUNDING is IPO the silver bullet?
TITLE INSURANCE COMES TO INDIA will the “legal minefield” be defused?
FINANCING DEVELOPERS is foreign money needed?
TOWNSHIP DEVELOPMENTS success all around?
SUSTAINABLE DEVELOPMENT why bother?
TIGHTENING LIQUIDITY opportunity or challenge?
LOCAL DEVELOPERS, FOREIGN INVESTORS who’s chasing whom?
DEAL STRUCTURING expectations vs. reality
SEZ will investor’s dreams come true?
LAND INVESTMENTS massive returns but understand the risks?
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PLEASE FAX TO +44 20 8445 6633
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USA GLOBAL GRINew York 28-29 Feb 2008
18-19 March Dubai
MIDDLE EAST GRIDubai 18-19 March 2008
GRI
Deutsc
he
Frankfu
rt 2
8-29
April
London 6-7 May 2008
Real Estate Investment & Development
Across the World
GRISUMMITWORLD
GRI
ChinaGRI Paris 15-16 September
European Real Estate Investment & Development Investissement et Développement Immobilier
CRISIS & RENEWAL CRISE & RENOUVEAU
GRI EUROPE SUMMITCHINA GRIBeijing 4-5 June 2008
GRI WORLD SUMMITLondon 6-7 May 2008
DEUTSCHE GRIFrankfurt 28-29 April 2008
INDIA GRIMumbai 24-25 Sept 2008
Mumbai 24-25 September
Global and LocalInvestors and Developers
in Indian Real Estate
NEW EUROPE GRIGRI MIDDLE EAST CHAIRMEN’S RETREATDubai 17-19 Nov 2008
RUSSIA GRIMoscow 2-3 Oct 2008
including UKRAINE • KAZAKHSTAN
•
TURKEY GRIIstanbul 20 Jan 2009
ASIA GRISingapore 4-5 March 2009
IBERIA GRIMadrid May 2009
...and coming new in 2009...
t h e g r i
RETREATchairmen’sEUROPE
Badrutt’s Palace Hotel, St Moritz 17-20 January 2008
GRI EUROPECHAIRMEN’S RETREATSt Moritz 17-20 Jan 2008
BRAZIL GRIOctober 2009
The GRI is a club of senior investors, developers, lenders and hotel companies
across the world. It runs its activitiesthrough a series of annual meetings
focused on different regions of the globe.If building close relationships with the
driving elite of the real estate industry at the most senior levels can be useful,
we welcome you to join us.
www.globalrealestate.org
Tel +44.20 8492 2620
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