Dr Venkatesh Panchapagesan, Associate Professor, Finance & Control Area, and Coordinator of the IIM Bangalore-Century Real Estate Research Initiative, has been appointed member of the advisory committee of the World Economic Forum on real estate.
Dr Panchapagesan is expected to provide insights on the initiative 'Emerging Horizons in Real Estate - an Industry Initiative on Asset Price Dynamics' and will help with the initial report at the World Economic Forum meeting at Davos in January.
The report will aim to provide an understanding on how real estate bubbles develop, identify suitable key indicators to detect bubbles and discuss potential action.
The initiative has emerged from discussions held by Infrastructure & Urban Development Governors (Chairpersons and CEOs of leading Infrastructure and Urban Development Companies, including Real Estate) at Davos in January 2014.