NAREDCO takes lead to support “Construction Technology Year” by initiating iDAC Expo Governing Council

NAREDCO takes lead to support “Construction Technology Year” by initiating iDAC Expo Governing Council
07/03/2019 , by , in News/Views

The Honourable Prime Minister declared the next year, April-2019 to March, 2020 as “Construction Technology Year” to meet the demand for housing sector and new technologies in construction which will fasten the process of ‘Housing for All’ scheme. “iDAC” an initiative by National Real Estate Development Council and Nova Exhibitions & Conferences Pvt. Ltd. is positioned to witness the ever growing story towards the future of innovative building & construction materials. It’s a showcase, networking & knowledge sharing platform created by the industry for the industry keeping an eye on current market affairs, issues, tends & topics. Targeted towards key Govt. authorities, Builders & Developers, Architects & Designers, Civil & Structural Engineers, Consultants-Contractors & MEP professionals. “iDAC” will cover the entire gamut of  materials & technologies involved in every phase of construction through its multi city travelling discussion forum & a mega exhibition in Mumbai, India.

Dr. Niranjan Hiranandani, National President, NAREDCO said,“High Net-worth Individuals (HNIs) prefer Mumbai to other premium pin code cities across India – according to the Knight Frank’s Prime International Residential Index, Mumbai, the Urbs Prima Indies is the 16th most expensive prime residential property market in the world. In a scenario where Mumbai’s premium luxury housing, when measured from the price-point vis-à-vis other cities in India, has retained its prime position for the uber luxe segment of home buyers. There are historical reasons why Mumbai’s prime residential real estate remains among the highest in the country, and going by the Knight Frank Prime International Residential Index, it does not seem like it will give up the prime position it holds in the luxury segment of premium homes.”

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