Navigating Change
EMERGING TRENDS IN
REAL ESTATE REGULATIONS AND ITS IMPACT
ON THE INDUSTRY
JUN 17 2 0 2 4
MONDAY 6:00 pm - 7:45 pm
MMA MANAGEMENT CENTER
This event delves into the emerging trends shaping the regulatory framework of the real estate industry, with a spotlight on sustainable development mandates, digital transformation initiatives, and the pivotal role of the Real Estate Regulatory Authority (RERA). Over the past six years, RERA has emerged as a cornerstone in regulating the sector, enhancing transparency, and protecting the interests of homebuyers. Recent amendments and landmark judgments reflect its evolving mandate to streamline operations, reduce legal complications, and enforce compliance among developers.
As these regulations, bolstered by RERA's interventions, continue to evolve, they profoundly influence market dynamics, investment strategies, and operational practices. They challenge industry stakeholders to adapt, innovate, and comply with stringent regulatory standards. While navigating these complexities presents challenges, they also unlock avenues for growth and resilience, particularly for those embracing sustainable and digital practices. The shifts in the regulatory landscape, combined with RERA's proactive measures, are not merely compliance measures; they act as catalysts for change, paving the way for a dynamic future in real estate. This future is characterized by innovation, technological adoption, and a renewed focus on sustainability. As the industry adapts to these changes, it positions itself to thrive amidst evolving market demands and global challenges, ensuring a more transparent, accountable, and consumer-centric real estate ecosystem.
5:15 PM Registration & High Tea
6:00 PM Welcome Address
Mr K Mahalingam
President, Madras Management Association
Partner/Director, TSM Group of Comapnies
Overview of the program
Ms Aarthi Lakshminarayanan
Partner
Shardul Amarchand Mangaldas & Co
Keynote Address by the Chief Guest
Shri Sunil Kumar, IPS (Retd)
Former Director General of Police & Chairman (I/C), Tamil Nadu Real Estate Regulatory Authority (TNRERA), Tamil Nadu & Andaman Nicobar Islands
Address by the Speakers followed by discussion
Mr Jerry Kingsley
Head, Strategic Consulting and Value, Risk Advisory & City lead, Capital Markets, Chennai
Mr Sridharan Swaminathan
Managing Director
Sabari Foundation and Construction (India) Pvt Ltd &
Vice President, CREDAI National
Ms Aarthi Lakshminarayanan
Q & A
Vote of Thanks 7:45 PM
Gp Capt R Vijayakumar (Retd), VSM
Executive Director, Madras Management Association
Shri Sunil Kumar, IPS (Retd)
Former Director General of Police & Chairman (I/C), Tamil Nadu Real Estate Regulatory Authority (TNRERA), Tamil Nadu & Andaman Nicobar Islands
Shri Sunil Kumar, IPS (Retd), a distinguished former Indian Police Service officer from the 1988 Tamil Nadu cadre, has had an illustrious career culminating in his role as the Director General of Police (DGP) in Tamil Nadu Throughout his tenure, he demonstrated exemplary leadership, overseeing the state's police force, strategizing crime prevention, and implementing various policing reforms. Post-retirement, he was appointed as the Chairman (In-Charge) of the Tamil Nadu Real Estate Regulatory Authority (TNRERA), where he oversees the regulation and promotion of the real estate sector in Tamil Nadu and the Andaman and Nicobar Islands, ensuring transparency and compliance in real estate transactions. Known for his strategic vision and commitment to public service, Sunil Kumar has significantly contributed to public safety, crime prevention, and regulatory governance, leaving a lasting impact on the communities he serves.
Medals & Awards: Awarded Police Medal for the year 2004 for the Meritorious service in Police Department & President’s Police Medal for distinguished services in the year 2014.
Some of the Posts held: Addl Commissioner of Police, Traffic, Chennai, Inspector-General of Police/Joint Director, Vigilance & AntiCorruption, Chennai, Addl.DGP, Crime (CB CID), Addl.DGP, TNUSRB, Chennai, Addl.DGP/Chief Vigilance Officer, TCMPF Ltd., Chennai, Addl.DGP, Special Task Force (STF), Erode, Sathymangalam, DGP/Chairman, TNUSRB, Chennai, DGP/ Director, Investigation Division, SHRC-TN, Chennai, DGP, Civil Supplies, CID, Chennai, Had also served in the Intelligence Bureau, Government of India, Joined in Tamil Nadu Real Estate Regulatory Authority (TNRERA) in October, 2021 and continue as Chairman (i/c).
Educational Qualifications: M.A. – Political Studies from Jawaharlal Nehru University, New Delhi, LLB from Delhi University, New Delhi.
Sports activities: A keen player of Cricket and hockey. Have participated in various long Distance Runs.
Ms Aarthi Lakshminarayanan Partner
Shardul Amarchand Mangaldas & Co
Designation | Partner
Practice | General Corporate, Real Estate & Dispute resolution
Professional Memberships | Tamil Nadu Bar Association, Women Lawyers Association, Madras High Court, Rotary Club Madras East Qualification |Bachelor of Arts & Law (B.A.B.L), Madras Law College
Aarthi Lakshminarayanan specializes in the general corporate and real estate practice areas in the firm. She has over 22 years of experience in corporate and real estate laws. She has been instrumental in finalising several high profile real estate transactions in the city’s changing landscape and infrastructure.
She advices and assists clients with corporate and labour compliances, statutory and regulatory compliances, foreign direct investment laws, industrial, commercial and real estate laws. She also advices clients on Government and private allocation of industrial land on freehold and leasehold basis. She has considerable expertise on title due diligence of properties, preparation of contracts for development & lease of built to suit premises in the commercial/ warehousing and logistics space
Further, she represents clients in commercial and real estate disputes involving third party claims relating to title and ownership to property, recovery of possession, termination of leases and licenses, and RERA disputes.
Shardul Amarchand Mangaldas & Co’s real estate and corporate practices have been assigned band 1 rating as per Legal 500 for consecutive years and Aarathi Lakshminarayanan has been declared emerging lawyer in the real estate practice area for the year 2017 as per Chambers & Partner’s rankings.
Mr Jerry Kingsley
Head, Strategic Consulting and Value, Risk Advisory & City lead, Capital Markets, Chennai
Jerry Kingsley is the Head of Strategic Consulting and Value & Risk Advisory in India at JLL. With over 21 years of experience, including starting as an intern at JLL in 2005, he has developed a strong expertise in building and nurturing relationships with institutional developers and top corporates. In addition to his role in strategic consulting, Jerry also serves as the Senior Director for Capital Markets, leading key transactions.
Throughout his career at JLL, Jerry has held various positions in different sectors, including Office Leasing, Logistics & Industrial, Land Investments, Datacentres, Capital Markets, and Firm Management as the Country Head of Sri Lanka Currently, he oversees a team of close to 60 members across 7 cities.
Jerry's strengths lie in business development, client relationship management, and exceptional leadership skills. He has been recognized for his achievements, representing JLL in regional leadership programs and receiving several internal awards. As a renowned speaker and brand ambassador, Jerry frequently shares his expertise at real estate forums and other PR segments.
His deep understanding of various real estate sectors, such as office, residential, warehousing, industrial, and data centers, has made him a trusted advisor to marquee developers, investors, and occupiers. Jerry has successfully built teams from the ground up, transforming P&Ls into steady profits, and establishing JLL as a market leader.
Driven by his belief in the value of consulting and risk advisory services, Jerry leads a talented team in India, inspiring them to achieve stronger performances. He is highly regarded as a brand ambassador for JLL and is frequently invited to speak at prestigious events organized by industry associations, including CREDAI, Global Indian Real Estate Summit (CNBC), American Consulate, Confederation of Indian Industries, and NAREDCO, where his invaluable insights on real estate topics are shared.
Mr Sridharan Swaminathan
Managing Director
Sabari Foundation and Construction (India) Pvt Ltd & Vice President, CREDAI National
An accomplished Professional with a financial and legal outlook.
Started his career in 1992 as a Stock Broker and member of Madras Stock Exchange. Parallely, had his footstep in Development and Real Estate industry as Director - M/s. Sabari Foundations & Construction India Private Limited, a conventional construction company and M/S.LYRA PROPERTIES PRIVATE LIMITED.
Was the Elected Director and Vice – President of the Madras Stock Exchange (MSE) for a term of 2 years.
Has been instrumental in developing more than 3 million square feet of Residential and commercial space.
A member of the State Housing Policy Committee (State planning Commission Government of Tamilnadu)
Member of Management committer in Bhavan’s RAJAJI VIDYASHRAM, Chennai – 600 010.
Trustee of the Board of Sri Sri Ravishankar Vidya Mandir Trust (SSRVM Trust) founded by Gurudev Sri Sri Ravi Shankar - Art of Living Established.
Held various position in CREDAI Chennai & Tamilnadu, since 2010 Chairman of CREDAI Tamilnadu (2019 -21). As Chairman of CREDAI National – Policy Advocacy Urban Development & Housing (20212023). Presently holding the position of Vice president – CREDAI National.
