Intellion Offices by Tata Realty hosted an insightful panel discussion “IT Resurgence, Maharashtra,” on the new IT policy and its potential implications for the technology growth sector and real estate demand in Maharashtra. The event, recently took place at the prestigious hotel in BKC, Mumbai. This event brought together key stakeholders across the Government, real estate sector and IT Companies to deliberate on the fresh IT policy’ transformative potential to drive growth of technology sector and real estate demand in Maharashtra.
As the knowledge partner for this remarkable gathering, the Royal Institution of Chartered Surveyors (RICS) played a crucial role in ensuring the quality and depth of the discussions.
The event saw the participation of esteemed real estate developers who shared their expertise during the first panel discussion titled ‘New IT Policy and a World of Possibilities for Maharashtra.’ This panel, chaired by Mr. Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure Ltd., featured notable figures from the industry, including Dr. Niranjan Hiranandani, Co-Founder, and Managing Director at Hiranandani Group, Vinod Rohira, Director at K Raheja Corp, Atul Chordia, Chairman at Panchshil Realty, Ashish Singh, Managing Director Actis and P.G Rathod.
These distinguished experts explored the opportunities and challenges presented by the new IT policy, shedding light on emerging technologies and upskilling of current workforce. The IT policy envisages to attract new investments of INR 95000 Cr. while creating 3.5 million jobs. Additionally, this policy enables incentives such as stamp duty waiver, rental expenditure, electricity duty, power tariff and relaxation in property tax. Real estate will further see a redefined usage of built up area from 20% to 40% in Zone 1 and from 40% to 50% in zone II, allowing developers to offer occupants additional amenities within the landscape.
The event highlight was a presentation given by the Development commissioner – Mr. Deependra Singh Khushwah (IAS) Development Commissioner & Mr. Sanjay Korboo -Jt. Director (Industries) – “IT Park Policy of Maharashtra” which included details on incentives, regulations, and strategic initiatives aimed at attracting IT investments, fostering technology growth, and creating job opportunities within the state. Other presentations included one by CBRE that provided valuable insights into the future of commercial real estate in the region due to the IT Policy and one by Gensler that presented a viewpoint on the future of workspaces in India.
The second panel discussion, titled “Maharashtra Real Estate – Ready for the Tech Surge” offered a comprehensive view of the real estate market, comparing Mumbai and Pune to other leading markets in the country. The discussions provided attendees with an informed perspective on investment opportunities and potential growth areas. The IT policy further offers a permission for development in any zone with increased flexibility to developers while choosing their project sites.
Commenting on the success of the event and the insightful participation that followed, Mr. Sanjay Dutt, MD and CEO, Tata Realty & Infrastructure Ltd. said, “IT Resurgence, Maharashtra, is a testament to our commitment to knowledge-sharing and collaboration within the industry. As we pave the way for a transformed Maharashtra, the new IT policy opens up a world of opportunities for corporate real estate players in the region, bringing innovation and growth. We’re excited to be part of this journey, working hand in hand with government and industry leaders to shape a prosperous future for Maharashtra.”
IT Resurgence, Maharashtra, was a resounding success, bringing together industry leaders, experts, and professionals to explore the evolving landscape of technology and real estate sectors in Maharashtra. The event, with its informative discussions and high-profile participants, exemplified Tata Realty and Infrastructure Ltd.’s commitment to fostering knowledge-sharing and collaboration within the industry.
For more such discussions and insights please visit Intellion LinkedIn Page.
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