SREI Infrastructure Club
12 km of roads built every day in 2014 in India. Is that enough? The current BJP regime wants to catapult this rate to 30 km per day by 2017. Is that possible? India still needs 18.78 million homes in the urban areas; there are 6.88 lacs ready homes unsold in just 6 cities of India. Why are people not buying when there is such acute shortage? Rural housing shortage is 2.5 times the shortage in urban areas. Why is nobody addressing it? Nearly US$ 24 billion invested in Indian construction and development sector since opening up of FDI. How much more is needed, are investors ready to invest more, have investors made any money in the past? India has only 0.55 hotel rooms per 1,000 people against 5 rooms per 1,000 people in Shanghai. Despite that why is the hospitality industry under so much of pressure? Do we really need SEZs? REIT proposal has been passed in late 2014. Will REITs be successful in India?
These are some questions that haunt everybody in the real estate and infrastructure sector whether it is a large enterprise, a local construction contractor, a foreign investor, a home buyer, or the government agencies. Employing about 35 million people indirectly, real estate and infrastructure sector is one of the largest and fastest growing sectors in India. The SREI Real Estate & Infrastructure Club is a platform to bring together students with past experience this sector and students who want to join this sector post completion of the program. It offers an opportunity to the students to understand the reality of ‘Realty’ and ‘Infra’ by learning from each other, networking with industry professionals, undertaking project visits, and attending relevant seminars and conferences.
The club has a motto of making its members industry ready through development of skill set required in the real estate & infrastructure industries. Keeping in view the expectations and aspirations of the club members and building on the establishments of the previous year’s club, this year the club has designed a comprehensive program that includes monthly industry speaker sessions, monthly dissemination of industry reports, study treks in term breaks, site visits on a regular basis, and Peer-to-Peer (P2P) sessions by students with rich experience in these sectors.
The club has conducted three speaker sessions in which Mr. Srinagesh Talatam (CEO, Pragnya Funds) and Ms. Pooja Singhal (Team Manager, L&T Infra Finance) and Mr. Hemant Kanoria (Chairman, SREI Infrastructure) addressed the students on the commercial lending and private equity investing in the real estate and infra sectors. The club is going on a study trek to Mumbai in August. Going forward, the club has planned treks to Bengaluru, Delhi and international cities such as Singapore during October and November, along with its regular dissemination of industry knowledge materials and P2P sessions. Besides, the club will undertake resume building exercise and mock interview sessions before the placement season starts. The club will also send few delegations to conferences organized by CREDAI (Confederation of Real Estate Developers’ Associations of India), NAR (National Association of Realtors), GRI (Global Real Estate Institute).
SREI Infrastructure Club