Chennai: Industry major FICCI’s flagship event REIS Real Estate Infrastructure Summit opened on a promising note in Chennai on Thursday in partnership with CREDAI and ANAROCK and sponsorship of Casagrand and G Square on the theme `Building Tamil Nadu 2030.’
The event mainly focused on the developments taking place in the realty sector with a pointed reference to its well planned growth in Tamil Nadu.
Speaking at the valedictory function of the summit, Mr Shiv Das Meena, Chairman, Tamil Nadu Real Estate Regulatory Authority (TNRERA), wanted planning of any kind made based on the opportunities and the needs of the society with a pointed reference to the Metro Rail system that has a huge demand from the commuters.
He said that the second phase of Metro Rail project when completed would benefit more people thereby meeting the real demand of metro commuting.
He also said that real estate should work with all stakeholders and follow the rules and regulations in tune with the regulatory framework in force while executing projects of all kinds for the benefit of society.
He noted that the GDP growth of Tamil Nadu stood at 11.19 percent when compared to the national average of 6.5 percent.
“Many positives are happening in Tamil Nadu and the industrial ecosystem is very strong, all because of the proactive policies of the state government,” he said and added that the real estate can step in to make the urbanisation faster and make cities livable with quality buildings and development of public spaces as 20 percent growth is expected in 2025 in the reality sector.
He, however, deplored the flooding in monsoon every year and the need to pay special attention towards creating storm water drains and engaging in water harvesting and plan things with the help of regulatory authorities like RERA.
Mr A Mohamed Ali, President, CREDAI Chennai chapter, said that Tamil Nadu is in the forefront of development of all kinds and is all set to emerge stronger in infrastructure development by 2030.
Lauding FICCI for organising the important summit, he narrated how Tamil Nadu still boasted of the dam Kallanai that was built centuries ago without any modern equipment though tech developments are taking place now with a strong focus on digitally driven technology for equitable growth.
”This has made Tamil Nadu a globally competitive state in terms of creating urban and rural wealth for GDP sustenance. With 113 master plans and other infrastructure to make 60 percent of the population live in
cities, the state needs to have 40 cities by 2047 on the lines of China,” he said.
Stating that Tamil Nadu could well become a 1 trillion dollar economy by 2030, Mr Mohamed Ali said that the state could well become a 4 trillion dollar economy by 2047. For that, large scale investments into integrated infrastructure development along with special zones for manufacturing, electronics and future industries.
By 2030, the state can become a global model for clean energy and the real estate can give planned cities with more urban infrastructure focusing on waste management, stormwater drains and water management, besides meeting the demand for A grade office spaces and creating redevelopments in line with the demand to provide houses to the growing population using smarter, faster, green technology aided by AI driven planning, he noted.
Mr Bhupesh Nagarajan, Co-chairman, FICCI Tamil Nadu State Council, lauded the efforts of all those involved in conducting the summit and thanked Mr Shiv Das Meena for the insightful speech and his role in bringing the EV assembly plant of VinFast to Thoothukudi.
He mentioned that CREDAI and ANAROCK played a stellar role along with builders like Casagrand and G Square in the organizational efforts of the FICCI summit.
The FICCI-ANAROCK report ‘Real Estate & Infrastructure
Driving Growth in Tamil Nadu, was released at the FICCI Real
Estate & Infrastructure Summit & Awards (REISA).
Chennai’s real estate topography is segueing seamlessly into its
broader economic momentum. The state’s residential market
continues to thrive on the back of aspirational end-user demand.
This healthy housing market ratio reflects both the unwavering
developer confidence and strong end-user participation that are
Chennai’s defining highlights.
“Tamil Nadu is gearing up on all fronts to contribute significantly
to India’s vision of becoming a trillion-dollar economy by 2030,”
said Anuj Puri, Chairman – ANAROCK Group.
