Estate South conference

OUR CHENNAI BUREAU | Updated on March 19, 2011

Mr Irfan Razack (right), Chairman, Estate South 2011, and Mr T. Chitty Babu, CEO, Akshaya Homes. — Bijoy Ghosh   -  Business Line

Estate South

Addressing infrastructure development, environment friendly construction, market relevance will be among the major issues impacting real estate development in the coming decade, according to Mr Irfan Razack, Chairman and Managing Director, Prestige Group.In the last decade “the entire South got built” with the growth in real estate development. The coming decade will see the need to consolidate, ensure inclusive growth and add value to ensure a sustained development, he said. These will be the highlight of the 5{+t}{+h} edition of Estate South, the conference on real estate development organised annually by the Confederation of Indian Industry.

The two-day event is to be inaugurated on March 22 in Chennai. The theme of the conference, of which Mr Razack is the event chairman, will be South Realty – Vision 2020. The current edition of Estate South will see market leaders and industry representatives addressing a range of issues including infrastructure and large scale integrated developments, emerging cities, property management, taxation and accounting policy, financing and greener ecosystem.

Jaipur – a business address

A joint report by Aon Hewitt and Mahindra World City has identified the strengths of Jaipur as a business destination.

Aon Hewitt, a leading human capital consulting organisation, assessed Jaipur's attractiveness based on an “As-Is” assessment of the ecosystem and benchmark comparisons with an identified set of comparator cities for various industry sectors, said a press release. Mahindra World City is setting up a 3,000-acre integrated business city and SEZ in Jaipur.

The project report presents insights on five drivers — talent, incumbent presence, infrastructure, clusters and business environment. The city's strengths are its large, technically qualified talent pool at economical costs and world-class infrastructure. Importantly, the talent in Rajasthan is loyal and stable, thereby lowering attrition and enhancing the sustainability of businesses.

Talent costs are competitive when compared across the region, especially major business hubs such as the NCR, Mumbai and Bangalore. Jaipur is positioned as the “Challenger” City by the National Association of Software and Services Companies with a cost advantage of 26 per cent. In the last three-four years, the city witnessed investments from domestic and big international players such as Genpact and Deutsche Bank.

Somany Ceramics' overseas outlet

Somany Ceramics, the flagship company of the H.L. Somany Group, has set up an exclusive showroom at Tirupureshwar, in Kathmandu. According to a press release from the company, this is the first of its showrooms outside India and the choice of location was based on the fast growing demand. Mr Abhishek Somany, Joint Managing Director, Somany Ceramics, said in the release.

The 1,200-sq.ft showroom will offer lifestyle products- premium range of tiles under the one roof and has on display Somany's best selling products.

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Published on March 19, 2011

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