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REAL ESTATE PRIVATE EQUITY & REITS CONFERENCE
SPONSORS
INDIA PRIVATE EQUITY & VENTURE CAPITAL ASSOCIATION
AakritiBamniyal
+919711110011
[email protected]+919818663606
[email protected]+919023243544
YogeshArora
+919540084999
ManleenRaheja
+919910078276
ITC Grand Central Hotel, Lower Parel, Mumbai
19th September, 2014
Introduction : New Buzz in the Indian Real Estate Sector
The environment for real estate funding in India has changed for the better with the
following recent developments:
The 2014 National Budget released by the Indian Finance Minister made critical
reforms to develop India’s real estate sector.
A pass-through tax regime for REITS.
SEBI's new regulatory framework for REITS.
Foreign Direct Investment (FDI) rules for low-income housing projects.
The permissible limit on deductibility of interest on home loans has been raised.
The Economic Survey holds promise for further reforms for of distressed investments.
In addition, new types of players such as overseas pension funds have directly entered
the Indian real estate funding and investment market.
These measures have created a new buzz in India’s real estate sector. Further investment
activity is now anticipated given the new optimism. Accordingly, IVCA is convening this
real estate private equity conference in Mumbai in 19th September, 2014. This event
will analyze and discuss the new implications and methods of financing real estate by
means of private equity and REITs.
Key Topics
It is very important for all key real estate players to be present at this important event
because it will be an excellent opportunity to learn and discuss:
The new implications and methods of financing real estate by means of private equity.
Key success factors for fund raising by REITS from the ordinary public and institutional
investors within India and abroad.
Critical REIT mechanisms and lessons learnt from other countries such as the success
of Singapore as a major REIT market.
Case studies of private equity and REITs.
Concerns of potential new providers of long-term capital.
Real estate deal structuring.
Latest developments and hurdles facing real estate financing and suggested practical
solutions.
Possible cutting-edge structures given the emerging real estate funding scenario.
The event will be a great opportunity for players in the real-estate eco-system to meet,
congregate, network, exchange views and discuss deals. Players from the following
categories will be present at the event: leading private equity fund managers, real estate
developers, consulting firms and tax experts.
Understand the New Real Estate Investment Environment in India. This one-day
event will benefit a wide range of players who engage in real estate investing in India. It
will be a good way for private equity players, developers and service providers to gain
familiarity with the new and rapidly changing environment in India for investing private
equity in real estate opportunities.
Listen & Network with Leading & New Real Estate Market Players: Views and insights
will be shared by leading private equity fund managers , sovereign wealth funds as well as
tax and legal experts. Leading private equity fund managers involved in real estate
investing in India will gather at this event. It will be a great opportunity to network and
exchange thoughts and ideas.
Topics of Direct Relevance to your Interest in Real Estate. The knowledge gained and
the contacts made at the event will be of immediate relevance to the work of Private
Equity fund managers and developers as well as those entities which are a part of the real
estate private equity eco-system based in India, or abroad.
Gain Knowledge of Novel Funding & Deal Structures, including REITS: SEBI, the
Ministry of Finance and RBI have changed and brought about a wide variety of reforms to
promote both FDI and domestic investment capital pools for real estate. The event will be
an excellent opportunity to become familiar with:
the new opportunities and safeguards created by the new regulations for REITS
new valuation rules for FDI
implications of the Competition Act which has affected some leading real estate
developers
asset sale structures for reducing leverage
the new role of rating agencies in debt financing for REITS and other real estate
funding structures
Why did REITS succeed in Singapore? Will REITS succeed in India?
What more needs to be done?
Private Equity Exits: The environment for exits by private equity funds was not
favourable in the recent past . What is the outlook now? Better GDP growth under the new
Government could reopen the IPO market and bring new excitement and more
reasonable returns. The actual market players will discuss this and share their thoughts
with the audience.
New Developer Success Strategies: Developers are becoming more and more
sophisticated. For example, the famous New York real estate baron, Donald Trump has
entered India. Developers are employing new technologies and diversifying among
different asset classes, including low-income and luxury segments. Some Indian
developers are investing overseas ( e.g. The Lodha Group). Which strategies will be
successful in the new environment? Hear the experts answer these types of questions at
this event.
Why You Can’t Miss this Event
8:30 - 9:30 Registration
9:30 - 10.30 Release of "Destination India – Are we ready for REITs" by KPMG
Opportunities, Risks and Rewards in Real Estate Sector
S Sriniwasan (Srini), CEO, Kotak Realty Fund
Neeraj Bansal, Partner & Country Head- Real Estate & Construction, KPMG
Vivek Chandy, Partner, J. Sagar Associates
Karan Bolaria, Head of Fund Management & Capital Strategy, Godrej Properties
Moderator: Arvind Mathur, President, IVCA
10:30 – 10:45 Coffee
10:45 – 12:00 Intricacies of Real Estate Investing in India
Deal Structuring in the Real Estate Sector in India
Risk Mitigation & Asset Sales
Fund Structure & Choice of Instruments
Bhavin Shah, Head of Private Equity Tax, KPMG
RiteshVohra, Partner, IDFC Alternatives Ltd.
Vishal Kumar, Managing Director, Xander Advisors India
Sudarshan Bajoria, Co-Head- Real Estate, ICICI Venture
Aashit Shah, Partner, J. Sagar Associates
Moderator: Gautham Radhakrishnan, Partner, Tata Opportunities Fund
12:00 – 1:00 Environment for Real Estate Leverage, Exits & Investment Terms
Terms of Investments, Offshore Vehicles, Leverage, NBFC financing
Governance & Execution
Private Equity Exits: IPOs, Selling to REITs
Sumit Nanda, Chairman, Golden State Capital
Sunil Mantri, Chairman, Mantri Realty Ltd and President, NAREDCO
Ashish Singh, Managing Director & Head of India, Principal Finance
Real Estate, Standard Chartered Private Equity
Akshay N Chudasama, Partner, J. Sagar Associates
Moderator: S Sriniwasan (Srini), CEO, Kotak Realty Fund
1:00 – 2:00 Lunch
Real Estate Private Equity & REITS Conference
AGENDA
ITC Grand Central Hotel, Lower Parel, Mumbai19th September, 2014
2:00 – 3:00 Tax and Regulatory Challenges for Real Estate in India
FDI, RBI and SEBI Regulations
Status of new regulations, Land acquisition hurdles
Tax aspects
Punit Shah, Partner & Co-Head of Tax Practice, KPMG
Akshay N Chudasama, Partner, J. Sagar Associates
Sunil Rohokale, CEO & Managing Director, ASK Group
Moderator: Gaurav Pandey, CEO, Golden State Capital
3:00 – 3:30 Coffee
3:30 – 4:45 The REIT Way: Is the Environment in India Conducive for REITS?
Key Success Factors
Tax , Regulations, Operations
Indian regulations versus Singaporean and US REITs
International REITs in India
Nila Khanolkar – Assistant General Manager, SEBI
Ashish Khandelia, Director, Real Estate, KKR
Sanjeev Dasgupta, CEO, Ascendas Property Fund
Rubi Arya, Vice Chairman, Milestone Capital
Tushar Sachade, Head of Real Estate Tax, KPMG
Moderator: Arvind Mathur, President, IVCA
4:45 – 5:00 Closing Remarks
5:00 – 6:00 Networking Session
Speakers
Neeraj BansalPartner & Country Head- Real Estate and Construction KPMG in India
Neeraj Bansal is the Partner and Country head, for the Real Estate and Construction
practice with KPMG in India, He has nearly 20 years of professional consulting
experience.
Neeraj’s clientele includes some of the largest companies in the private sector
including Indian and foreign companies, public sector and government entities, big real
estate developers, large construction companies and private equity investors.
Neeraj has experience of working in multiple geographies, including USA, UK, Qatar, Dubai, Poland, Turkey
and Singapore. Neeraj is a regular speaker/ panelist at various Real Estate and Construction conferences
and seminars. He also regularly contributes articles in several newspapers, business magazines and
television shows.
Driven by a passion to create and add value to people and organizations, Neeraj has diligently focused on
spearheading leadership interventions that have had demonstrable and direct results anchored to Business
growth mandates & organizational effectiveness.
S. Sriniwasan (Srini)
CEO
Kotak Realty Fund
Srini is the founder of the Real Estate Fund Management business for the group.
Under Srini's leadership, Kotak Realty Fund has scaled up to over US$1.2 billion in
AUM (making it one of the largest real estate funds in India) and has successfully
established a strong track record of profitable exits from investments. Srini joined the
Kotak Mahindra group in January 1993. He was a part of Kotak's investment banking
joint venture with Goldman Sachs from its inception in 1995 and was co-head of
Investment Banking till 2005.
Srini is a member of the Federation of Indian Chambers of Commerce and Industry (FICCI) committee for policy
initiatives on Foreign Direct Investment and REITs and the Confederation of Indian Industry (CII) subcommittee
on Capital Markets. He also serves as Chairman for the Royal Institute of Chartered Surveyors' (RICS), South
Asia Valuation Professional Group Board.
Srini holds a Bachelor's degree in Commerce from Delhi University and an MBA from The Institute of
Management Technology, Ghaziabad.
Nila S Khanolkar,Assistant General ManagerSEBI
Ms. Nila Khanolkar has been working in the Investment Management Department at SEBI for more than five years. She has been instrumental in drafting of various landmark Regulations and crucial consultative papers. She has worked extensively in
handing of several important policy issues related to Alternative Investment Funds, Venture Capital Funds, Foreign Venture Capital Investors, Portfolio Managers, REITs, Infrastructure Investment Trusts, Investment Advisers, etc.
She has represented SEBI in various high level meetings as well as in various Committees. Nila holds an MBA in Finance from Narsee Monjee Institute of Management Studies and has been a merit holder throughout.
Punit Shah Partner & Co-Head of Tax PracticeKPMG in India
Punit Shah is a Fellow Chartered Accountant with a post qualification experience of 25
years. He headed the Financial Services tax practice of KPMG, with a special focus
on Private Equity sector, prior to assuming his current role as Co-Head of Tax.
Prior to joining KPMG, he was a partner with RSM for 10 years and thereafter was the
national leader of the Financial Services (Tax and Regulatory Services) practice of
PwC. Punit has in-depth knowledge of international and domestic tax laws as well as corporate and other
regulations (such as FDI, FEMA, Companies Act, SEBI regulations, etc.). He has extensive experience of
rendering professional advice on the above matters to several domestic and international organizations.
He has been a regular contributor of articles and widely quoted on the above subjects in leading financial
newspapers as well as journals of several professional Institutes. He has spearheaded several initiatives in
making representations to the Government on behalf of the industry.He has been a speaker at various
forums including several Professional Institutes.
Vivek K. ChandyPartnerJ. Sagar Associates
Vivek specialises in the areas of Private Equity, Mergers & Acquisitions and Corporate
Commercial work and currently chairs the Private Equity Practice of J. Sagar
Associates.
He has worked extensively in the Hospitality, Healthcare, Biotechnology,
Manufacturing, Software and Entertainment industries, advising on a wide range of
issues from acquisitions to structuring transactions.
Vivek’s recent high profile transactions include representing two sovereign wealth funds in their investments
into the Healthcare and Real Estate sectors and a global leader in the e-commerce space, in their strategic
investment in an Indian company which operates the fastest growing marketplace model website in
India.niversity and is a Management Graduate from the Institute of Management Technology, Ghaziabad.
Aashit ShahPartnerJ. Sagar Associates
Aashit has been with the Firm since October 2005 and has advised domestic and international clients on diverse areas of law such as Banking & Finance, Exchange Control, Private Equity, Mergers & Acquisitions, Funds formation and General Corporate & Commercial laws.
In the area of Banking & Finance, Aashit has advised Indian and multinational banks, non-banking finance companies and financial institutions in relation to (i) credit
facilities to Indian borrowers, including in relation to capital expenditure and acquisition financing, (ii) credit facilities to overseas subsidiaries of Indian entities for the purpose of overseas acquisitions and leveraged buy-outs, and (iii) structuring and implementing debt, quasi-debt and equity transactions, which are compliant with Indian exchange control and banking regulations.
In the areas of Private Equity and foreign investment, Aashit has advised Private Equity Funds and multinational institutions in their investments in and acquisitions of Indian listed / publicly traded and unlisted companies under the automatic route and approval route. Aashit has also advised in setting up of Private Equity funds, Offshore Funds and Venture Capital Funds.He regularly advises clients on Indian law issues concerning Exchange Control Regulations, Securities Regulations and General Corporate laws in relation to Inbound Investments, Joint Ventures, Takeovers and Acquisitions. He has also advised on several cross border Acquisitions of and by Indian companies.
Speakers
Tushar Sachade Head Of Real Estate Tax KPMG in India
Tushar is a Chartered Accountant from 1993 batch and is a member of the Institute of Chartered Accountants of India. Tushar has a vast experience of over 20 years. Prior to joining KPMG in 2010, he was with PwC from 2007 onwards and prior to that he was a part of RSM & Co., a leading accounting and tax consultancy firms, which merged its practices with PwC in April 2007.
Tushar specializes in advising on tax and regulatory issues relating to the Financial Services sector with emphasis on structuring investment strategies of Private Equity Funds, Foreign Venture Capital Funds, Real Estate Funds, Foreign Institutional Investors, NBFCs, etc.
Tushar is a regular speaker at seminars, both in India and overseas and a contributor to the media. Tushar is the Co-chair of FICCI Private Equity subgroup
Gautham RadhakrishnanPartner Tata Opportunities Fund
Gautham Radhakrishnan is a Partner with the Tata Opportunities Fund and was
previously a Director with Actis in Mumbai and a Principal with Warburg Pincus in
London. He has been a private equity investor since 2001, investing across industries,
geographies and the business lifecycle. Prior to working in private equity, Gautham
was with JP Morgan in London. He has also worked at the BBC, Cricinfo, and at
CERN in Geneva, Switzerland. Mr. Radhakrishnan graduated with a MBA from
INSEAD, Fontainebleau, France and holds a MA from St John's College, University of Cambridge and a
M.Sc. from Imperial College, University of London.
Aashit also has a keen interest in Intellectual Property and Information Technology laws and has published several articles & research papers in international law reviews and domestic publications on these subjects.
Speakers
Akshay N Chudasama PartnerJ. Sagar Associate
Akshay specialises in Mergers & Acquisitions, Joint Ventures, Cross Border Investments, Private Equity, Real Estate, Hospitality, Franchising and Media & Entertainment law.
He has a vast experience in Cross Border Mergers & Acquisitions advising both foreign companies entering India and Indian companies in their outbound acquisitions, particularly in the Real Estate sector. He has represented several large investors as well as property developers in relation to construction and development projects throughout India. He has also been actively involved in setting up of Domestic and Overseas, India focused Private Equity funds, predominantly in the Real Estate sector.
Akshay has been practicing law since 1994. Prior to joining JSA as partner Akshay had partnered with "AZB & Partners" for over 3 years, prior to which he was Managing Partner in Lex Inde. The Asia Pacific Legal 500 has described Akshay Chudasama as a 'cross border M&A specialist' & 'a highly recommended corporate lawyer'. He has been listed as a leading Individual in the Corporate / M&A, Real Estate and Telecom / Media / IT category.
Chambers & Partners states that, 'Clients praised "smart and efficient" Akshay Chudasama as a "fantastic deal maker – he understands the Real Estate Funds sector and anticipates the issues a foreign investors will face." and that he "offers high quality and is responsive on transactions". Others enthused: "He thinks quickly when there is a deadlock and is able to structure a creative solution to make a transaction move forward." He has 'won client recommendations for his legal and business acumen, as well as "his great empathy and friendliness."' He has also been 'recommended for his expertise in the media sector, particularly involving M&A and joint venture agreements.'
Akshay has been consistently rated as "recommended" and "leading individual" in the Corporate / M&A and Telecoms, Media & IT by "PLC's Which Lawyer?" and "Mergers & Acquisition" guide.
Arvind P. Mathur PresidentIVCA
Arvind P. Mathur, CFA, FRM, has held a variety of positions, including Head, Capital
Markets at the Asian Development Bank and Senior Adviser, Citi. He is the President
of the Indian Private Equity and Venture Capital Association (IVCA).
Arvind played a role in the creation, structuring and placement of a nearly $ 1 billion
India Infrastructure Fund. In addition Arvind was instrumental in the establishment of
the Asian Infrastructure Fund ( $ 780 million), the Asian Infrastructure Mezzanine Capital Fund ($ 265
million) , The Asian Equity Infrastructure Fund ( $ 400 million), Infrastructure Development Finance
Company (IDFC), and the AIG Sectoral Equity Fund ( $ 110 million).
He has helped structure, and invested in, over 30 private equity funds, including 5 infrastructure funds and a
number of General Partnerships. While at ADB, Citi and Standard Chartered Bank, Arvind gained exposure
to equity investments, investment banking, M&A and lending.
Arvind's experience encompasses both fund and direct investing in the emerging markets of Asia. He has
been a member of Investment Committees and fund boards. The funds have targeted investments in India &
China besides several other emerging markets of Asia.
He has worked on funds with Limited Partners such as the Asian Development Bank, the International
Finance Corporation (IFC), CalPERS, La Caisse de Depot et Placement du Quebec, the Prudential
Insurance Corporation of America and some of the leading institutional investors in Australia, Singapore,
Malaysia and India.
In his over 30 year experience, Arvind has undergone a variety of training, including investment banking at
Goldman Sachs & Citi in New York and in capital market regulation at the US Securities & Exchange
Commission.
Arvind has attended short management courses of the Columbia Business School and that of Cornell
University besides an investment management workshop at the Harvard Business School. Arvind is the non-
executive Chairman of Private Equity Pro Partners.
Speakers
Rubi Arya,
Vice Chairman & Director
Milestone Private Equity
Rubi has over 17 years of professional experience in Business Strategy, Human
Resource Development and General Management. At Milestone, she is responsible for
the management of all the Real Estate Funds, Bullion Products and Portfolio
Management Services.
Under her leadership, Milestone has showcased its full cycle capability of Fund Raise, Deployment, Nurturing
and Profitable Divestment and has invested close to US$ 636mn and returned US$ 326mn to the investors by
way of timely exits and investment income across all funds.
At Milestone, Rubi continues to drive the company's active management philosophy and devotes her time to
putting together the team's combined knowledge and experience towards securing profitable deals, right from
investment to divesting.
Prior to joining Milestone, Rubi was Global Head – HR at Kingfisher Airlines and has also held various senior
positions at companies like Asian Paints & Price Waterhouse Coopers.
Rubi is an engineering graduate from BITS (MESRA) & has a MBA from XLRI, Jamshedpur. She has completed
an Executive Programme at Harvard Business School.
Gaurav Pandey CEO Golden State Capital
Gaurav Pandey is currently serving as the CEO of Burman GSC. He is also the CEO of Golden State Capital. Previously, he was working as Senior Vice President & Heading Research & Consulting for India’s largest Real Estate Research firm and advised PE & Mutual Funds, FIIs, Developers & Banks on Real Estate Investments in India.
Earlier, Gaurav was part of the Management Committee of Ascendas India. He was incharge of Corporate Planning and also a senior member in the Investments team to source & acquire assets for Ascendas in India.
During his tenure, the developer-fund grew more than 5 times in 5 years and launched first Business Trust (of Indian properties) in SGX & a Private Development Fund in India.
Gaurav has also been in the CEO’s Core Team of India’s largest Real Estate Developer managing Strategy, Investments & Acquisitions and also served as Vice President in another leading Real Estate Developer focused on Investments.
He is an Economics Honors graduate from University of Delhi &later from Indian Institute of Management, Kozhikode. He has undergone several MDP programs, including from American Management Association, CIDCO, Philip Kotler, Investment Banking training, BSC etc.
Gaurav is a renowned real estate expert and has co-anchored India’s top TRP-rated Real Estate show on NDTV.
Speakers
Ashish KhandeliaDirector, Real EstateKKR
ASHISH KHANDELIA (Mumbai) joined KKR in 2013 and works on KKR's real estate investment platform in India. Prior to joining KKR, Ashish served as an Executive Director and Head of Acquisitions for Morgan Stanley Real Estate (“MSRE”), India. He has nearly 14 years of industry experience with approximately 10 years focused on real estate investing and banking. Over these years, he undertook advisory and principal investing transactions with some of the largest real estate companies in India.
An early entrant into the sector, he was critically involved in building MSRE's India investing platform and led most of MSRE's private investments in India. Prior to joining Morgan Stanley, Ashish worked with Kotak Investment Bank and Ernst & Young. At Kotak, he was instrumental in establishing Kotak's real estate investment banking practice including initiating coverage, advising India's largest real estate company on several fund raising options and executing one of the first entity-level PE investment in the Indian Real Estate sector. Mr. Khandelia is a management graduate from Indian School of Business, Hyderabad and a Chartered Accountant from the Institute of Chartered Accountants of India.
Sudarshan Bajoria Co-head- Real EstateICICI Venture
Mr.Bajoria joined the Investment Adviser in 2000 and is currently a Director –
Investments. Mr.Bajoria has a total of 10 years of experience in private equity. He has
been a member of the Real Estate Investment Team for the past five years and has
real estate experience across sourcing deals, appraisal of investment proposals,
valuation and structuring. Mr.Bajoria has been closely involved in all aspects of several
Indian real estate transactions, including I-Ven Township, Lodha Elevation,
Entertainment World Developers and Express Towers. Prior to joining the real estate team, Mr Bajoria was
actively involved in managing investments made by the Investment Adviser in the Small and Medium
Enterprise (“SME”) segment. Prior to joining the Investment Adviser, he worked for two years at Reliance
Industries Limited. Mr.Bajoria holds a degree in Electrical and Electronics Engineering from Manipal Institute
of Technology and a Master’s Degree in Management from the School of Management, IIT, Mumbai
Sanjeev Dasgupta CEO Ascendas Property Fund Trustee Pte Ltd
Sanjeev has around 22 years of experience in the areas of real estate fund
management, corporate finance, strategy and financial control. Immediately prior to
joining Ascendas, he was working as President of Real Estate at ICICI Venture Funds
Mgmt. Co. Ltd., a leading private equity fund manager in India. In that role, Sanjeev
was responsible for investments and portfolio management of the Real Estate funds of
around USD 600 million. His key achievements included creation of a real estate
structured investment product and a managed account platform through which he led investments in
Mumbai, NCR and Bangalore. He also played a key role in significant performance improvements of certain
assets through changes in the development mix, cost reduction, refinancing and other initiatives. Prior to
joining ICICI Venture, Sanjeev managed real estate investments of around USD 430 million as Managing
Director at Future Capital Real Estate, a leading real estate development oriented fund manager. He led
several landmark investments in metros such as Mumbai and Bangalore and in high growth tier 2 cities.
Sanjeev's prior work experience included stints with organisations such as Tata Group and Merrill Lynch
across India, Hong Kong and London. Sanjeev is a qualified chartered accountant, graduate company
secretary and holds a Master of Business Administration from London Business School
Sunil RohokaleCEO & Managing Director ASK Group
Sunil Rohokale, founder of the Private equity real estate practice at ASK, is currently
Chief Executive and Managing Director of ASK Investment Managers Pvt. Ltd.,
renowned for its strong research based investment management, asset management,
private equity, wealth advisory and multi family office business.
Mr. Rohokale is responsible for the vision of ASK group and spearheads the strategy
of the group, which manages Rs 10,000 Cr assets under management in equities, real
estate, private equity and wealth advisory.
Prior to joining ASK in September, 2008, he was the Managing Director & Chief Executive Officer of ICICI
Home Finance Co Ltd, the largest mortgage company in India & a wholly owned subsidiary of ICICI Bank.
He was a member of the core team who started the mortgage business of ICICI Bank. Under his leadership
ICICI Bank has achieved a leadership position in the mortgage and real estate business with a real estate
portfolio of US$ 18 Bn which was half of ICICI Bank's retail assets. He is amongst the rare breed of
professionals with experience in the assets, liabilities and investment. He enjoys strong credentials in setting
up new businesses and building strong professional teams that deliver results. He has 18 years of Banking,
financial services and investment experience.
He holds MBA from Symbiosis Institute of Business Management and a Bachelors of Mechanical
Engineering from Govt College of Engineering, University of Pune.
Speakers
Sumit Nanda Chairman Golden State Capital
Sumit Nanda is currently serving as the Chairman of Golden State Capital. He has
over 22 years of working experience in India and Internationally. As the Chairman, he
has been responsible for setting the vision & direction of GSC. Currently GSC has
managed to make its presence in US & Asia.
He is also a Board Member of a JV with Ascendas for the development of a 64 acre IT-
SEZ in Gurgaon. He is also a Board Member of a JV with Lemon Tree Hotels.
Sumit graduated with a Bachelors Degree from University of Delhi in 1990 and later from Indian Institute of
Management, Ahmedabad, in 1996.
Speakers
Vishal Kumar Managing Director Xander Advisors India
Vishal joined the Investments group in December 2005 and has since led the team on
several transactions. With over 10 years of experience in corporate finance and
investments, he oversees all transaction activities including market analysis,
negotiations, modeling, due diligence, tax structuring, legal aspects and agreements.
He specializes in structuring transactions from legal, tax as well as accounting
perspectives and has worked on complex structures like forward buys, optional
transactions, covered put transactions, etc. An expert in over 10 Indian cities, he keeps track of a large part
of the market and actively sources and analyses investments and exits in those cities.
He heads the Asset Management team and spends substantial time with investee companies to help
improve their financial and operating performance as well as exiting the investment. Vishal also heads the
in-house financial administration team which is responsible for financial control, treasury and capital
management at investee companies.
Prior to Xander, Vishal spent 4 years at Deloitte where he led engagement teams in Mergers & Investments,
Valuations, Business Planning, Fund Raising, Due Diligence as well as strategy formulation. His clients
included some of the largest Indian and international corporates as well as the Government of India. Vishal
has also spent 2 years at Ernst & Young in the financial assurance team and focused on legal, accounting,
and corporate practices in India.
Vishal is a graduate in Commerce with Honors from Shri Ram College of Commerce, University of Delhi. He
is a qualified Chartered Accountant and gold medalist MBA from the Institute of Management Technology.
ASHISH SINGHMANAGING DIRECTOR & HEAD OF INDIASTANDARD CHARTERED
Ashish heads the Real Estate Private Equity business for Standard Chartered Bank in
India, covering both - mezzanine and equity investments. Ashish is responsible for
making, managing and exiting real estate investments for SCB in India, and
participating in decision making in real estate investments in the region. Ashish also
sits on the board of directors of the investee companies in India.
Ashish has spent over 15 years in real estate industry in India in diverse roles
including acquisition, development, investment and marketing & leasing. Prior to this,
Ashish worked in management consulting for about 5 years.
Ashish holds a Bachelor’s degree in Civil Engineering from the Indian Institute of Technology, Delhi.
Bhavin ShahHead of Private Equity Tax KPMG
Bhavin Shah is a Chartered Accountant with a post qualification experience of more than
15years.
He specializes in advising on tax and regulatory issues relating to the Financial Services sector with emphasis on structuring investment strategies of Private Equity Funds, Real Estate Funds, Foreign Institutional Investors, etc.
Bhavin is a regular speaker at seminars, both in India and overseas.
Speakers
Ritesh VohraPartner, Real Estate InvestmentsIDFC Alternatives Limited
Ritesh has over 16 years of experience in real estate investing and real
estate development advisory.
He joined IDFC in late 2011 and is part of the Real Estate Investments group.
His primary focus is on building and managing the real estate funds
management business at IDFC Alternatives. He is also responsible for
overseeing the investment and asset management processes for the fund
portfolio.
Prior to joining IDFC, Ritesh worked as a managing director at real estate fund manager Saffron Advisors,
which was later acquired by IL&FS. Preceding that, he worked with several advisory firms including Jones
Lang LaSalle and also had an entrepreneurial stint.
Ritesh completed his undergraduate studies in Hospitality Management from the Institute of Hotel
Management, Catering and Nutrition, New Delhi and also holds a Masters in Business Administration
from the Management Development Institute, Gurgaon.
He is a member of the CII National Committee on Real Estate and Housing. He is also a member of
the Royal Institution of Chartered Surveyors, United Kingdom (RICS) and sits on the RICS India
Committee for Real Estate and Housing.
Karan Bolaria
Head Of Fund Management And Capital,
Godrej Properties
Karan Bolaria heads the Fund Management and Capital Strategy functions at
Godrej Properties. Karan led the creation of Godrej Properties’ fund
management business and serves as the fund manager for the APG-Godrej
fund focused on residential investments across India, which has already made
investments of US $ 200 million.
Heading the Capital Strategy function Karan has made investments and co-investment of over US $ 2
Billion across asset classes and raised over US $ 1 Billion through an IPO, India’s first ever Institutional
Placement Program (IPP), a rights issues and through deals with multiple Private Equity funds.
Prior to working with Godrej Properties he lived and worked internationally for over a decade, mostly in
New York City, working in the areas of Private Equity and Venture Capital. Karan is Graduate of
Columbia University and continues to serve on the international alumni executive committee.
Speakers
Sunil Mantri, Chairman, Mantri Realty Ltd and President, NAREDCO
Mr. Sunil Mantri is the Chairman of Mantri Realty Ltd. and the President of
National Real Estate Development Council (NAREDCO). Being an asute
real estate developer with an ambitious vision, Mr. Mantri steered the
company's growth since its very inception. With a keen business sense and
strong commitments to principles, Mr. Mantri transcended the traditional
boundaries of the real estate sector and made a difference in people's life
through best-in-class business practices. His lateral thinking and decision
making skills coupled with decades of experience have enabled him to steer Mantri Realty Ltd. on its
mission to build unique and high quality living spaces. Today, the company has over 150 completed
projects spread over 40 million sq.ft of built-up area and more than 20,000 happy customers. Winners
of multiple awards for his exemplary entrepreneurship spirit, Mr. Mantri is one of the most respected
names in the real estate industry.
THEIVCAREALESTATEPRIVATEEQUITY&REITSCONFERENCE
Name
Title
Mobile
Tel(O)
EmailID
OrganizationName Address
OnlinePaymentthroughCreditCardon www.meraevents.com
ForInquiriescontact
IndianPrivateEquityandVentureCapitalAssociation
DebitCard/WireTransfer/NetBankingCompany Name
Name of the Bank
Branch Address (with Country)
Bank ID (IFSC Code)
Bank Account Number
SWIFT / IBAN Code
MICR Code
IVCA CONSULTANCY PRIVATE LIMITED
HDFC BANK
D-1, SHOPPING CENTRE NO.2,
VASANT VIHAR,NEW DELHI -110057, INDIA
HDFC0000011
00118630000348
HDFCINBBDEL
110240002
Cheque/DemandDraftPayment Please send the cheque/DD in favour of "IVCA Consultancy Pvt. Ltd." (payable at New Delhi) to the following address:
Manleen Raheja Indian Private Equity and Venture Capital Association (IVCA) C-7, Paschimi Marg, Vasant Vihar, New Delhi- 110057
DelegateDetails
Members INR7,000+ST INR7,865/-INR7,000+ST
NonMembers INR15,000+ST INR7,000+ST INR7,865/-
AmountPayable*FeeperDelegate Fee(until10September2014)
DelegateFee StandardFee EarlyBirdFee
19th September, 2014
ITC Grand CentralParel, Mumbai
+91-11-46160389,+91-11-41730003*Includes12.36%ServiceTax
AakritiBamniyal
+919711110011
[email protected]+919818663606
[email protected]+919023243544
YogeshArora
+919540084999
ManleenRaheja
+919910078276