Sep 14, 2023

September 14, 2023 The ANAROCK, Blackstone, Brookfield, Hines, Raheja Corp, RMZ, Tata Realty and Infrastructure Ltd., and the Xander Group are the eight founding partners of ULI India. Additionally, it has appointed an executive committee of 11 real estate and land-use professionals to lead the organization’s varied operations. The Urban Land Institute (ULI), a global non-profit research and education organization, is set to launch its India National Council operations this month. This significant development brings attention to the rapidly growing real estate and infrastructure markets in India and promises to have a transformative impact on the industry. Founded in 1936, ULI has been committed to providing leadership in the responsible use of land and fostering the creation of sustainable communities worldwide. With over 45,000 members across the globe, ULI focuses on land use, real estate, and urban development. By setting up a National Council in India, ULI aims to extend its expertise in these sectors to one of the fastest-growing economies in the world. India is experiencing rapid urbanization, and there’s a dire need for sustainable development solutions that can accommodate its burgeoning population. Issues such as affordable housing, public transportation, and infrastructure development are more relevant than ever. ULI’s experience in these areas can offer India innovative, sustainable solutions. India’s real estate and infrastructure sectors are ripe for investment, but many investors tread cautiously due to a lack of standardized industry practices. ULI’s presence will likely enhance investor confidence through research, case studies, and best practice recommendations. The expertise ULI brings can also inform government policy in urban planning and land use, thereby driving systemic change in the industry. The body can act as an independent advisor, bringing global perspectives to local challenges. While ULI has a global presence, the creation of a National Council ensures that its practices and recommendations are localized to meet the specific needs and challenges of the Indian market. One of the primary roles of the India National Council will be to collect data, undertake research and publish reports that are relevant to the Indian context. This will fill a significant knowledge gap in the industry. ULI’s India National Council aims to create a network of professionals across the public and private sectors. This network will facilitate the sharing of knowledge, experience, and resources. Training and workshops are also on the agenda. By partnering with educational institutions and industry organizations, ULI aims to raise the standard of professionalism in the Indian real estate and urban development sectors. ULI’s presence will likely elevate industry standards, encouraging a move towards more ethical and sustainable practices. Attracting more investment can lead to job creation and economic growth, thereby affecting the economy positively. By emphasizing affordable housing and public transport, ULI has the potential to impact the quality of life for millions of Indians. The establishment of ULI’s India National Council is a significant milestone in the country’s real estate and urban development landscape. It holds the promise of driving industry standards, influencing policy, and fostering sustainable development practices. This development couldn’t be more timely, considering the urgent challenges and massive opportunities that lie ahead for India. As the Council gears up to commence its operations this month, all eyes are on how it will navigate the complex, yet promising landscape of Indian real estate and urban development. Tags