The document summarizes a conference on growth drivers of infrastructure development in the real estate sector held in Kolkata, India. The conference discussed best practices for meeting infrastructure goals by 2025 and ensuring sustainable growth. Sessions focused on optimizing commercial space usage, facility management outsourcing vs insourcing, supply chain management, and future readiness. Government and industry leaders called for integrating manufacturing, setting up manufacturing parks, allotting land to large companies, and applying models to estimate return on investment from expenditures. The conference highlighted opportunities in commercial leasing, smart buildings, retail growth, and developing a technology hub in West Bengal.
2. Event in Brief
Infrastructure and real estate are two most critical sectors that
propel a country’s development. In India, 50% of the demand for
construction activity comes from the infrastructure sector,
increasing the demand for efficient project management and the
right personnel for the job.
In the present-day scenario, cities, states and metropolitan areas
across the country face unprecedented economic, demographic,
fiscal and environmental challenges that have caused industries to
rethink the way they do business.
The conference elucidated best practices that will enable our
fraternity to deliver the infrastructural goals by 2025 and ensure a
sustainable growth trajectory in future, with deliberations on:
• Optimum Utilization of existing commercial space
• Need for facility management- Outsourcing vs Insourcing
• Supply Chain Management Real Estate Sector
• Future Readiness of Real Estate Developers
3. The stage was set for leaders from industry and government
to inspire and propel our industry forward!
4. Ensemble, as the Exclusive Interior Designer Partner, has been supporting
CBRE-CII knowledge partnership events across regions!
5. Dr Amit Mitra, Hon’ble Minister for Departments of Finance and Industry,
Commerce and Enterprises, Government of West Bengal, released the
“CBRE Research Report 2018”
6. Dr Mitra, in his inspired inaugural address called for:
― Vertical value chain integration by manufacturing building elements
like glass, furniture, tiles, fitment, steel, etc, citing precedence of the
presence of all nine cement manufacturing companies in WB
― Setting up manufacturing parks in Panagarh and Kharagpur
― Allotment of land/space to industry giants like TCS, Capgemini, and Jio
― Applying “Kensington Multiplier” to estimate ROI on planned
investment/expenditure
7. Mr Sushil Mohta, Conference Chair, and Chairman & Managing Director,
Merlin Group of Companies, delivers his opening address..
8. Mr Rajat Gupta, Managing Director, Advisory & Transactions, CBRE, in his
strong concluding address reinforcing opportunities in:
― Four crore sq.ft. lease space
― Smart buildings
― Retail growth
― Replication of CII-CBRE workforce in the industry to accelerate growth
9. Dr Mitra, Hon’ble Minister, and Mr Suresh G Menon, Vice President, TCS
(the largest employer in WB) discussing development and expansion plans!
Mr Menon in his special address shared his vision on integrated facility
management services utilizing sensors, internet of things, artificial
intelligence, and robotics.
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13. Key takeaways from sessions!
―Government and administrative support required to implement
futuristic ideas without the hassles
―Taking stock of rental vacancy
―Consideration of remote teams vs interactive & collaborative
teams
―Necessity of experiential retail due to eTail (online shopping)
―Kolkata’s share of white collar IT jobs is 10,000-15,000 of
350,000-400,000 – Middle/Senior management is willing to
migrate
―Outsourcing models need to evolve and rediscover real-time
―Taking care of environment through Green Buildings
―Focus on research and development in renewable energy
―Retail development and growth
―Leveraging data in retail
―Need for more verticals than horizontals
―Bring forces together to develop the potential of a “Silicon
Valley” in West Bengal.
14. Corporate Office:
Ensemble Infrastructure India Ltd
Paville House, 1st Floor, Twin Tower Lane
Off Veer Savarkar Marg, Prabhadevi
Mumbai – 400025, MH, India
Factory:
Gala 3509/01, Sembra Industrial Estate
Wakanpada, Vasai(E)
Thane - 401208, MH,India
Operations:
Mumbai
Delhi NCR
Bangalore
Kolkata
Hyderabad
Pune
Ahmedabad
Chennai
Trivandrum
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