Affordable Housing Development 
Last date for registration: 07 Dec, 2015
End Date : 17 Dec, 2015
Early Bird Discount Date : 26 Nov, 2015
Residential Early Bird Fee(excluding GST) : Rs. 21,850
Non-Residential Fee(excluding GST) : Rs. 20,000
Non-residential Early Bird Fee(excluding GST) : Rs. 19,000
Despite a huge shortage of affordable houses (AH) – houses that are reasonably priced to suit low income earners’ budget – and several government initiatives including the recently announced “Housing for All by 2020”, not much has happened in terms of private development to meet this demand. The reasons are many:
(a) Difficulty in acquiring suitable land at affordable prices in India’s major urban centres where the affordable housing (AH) shortages are the greatest,
(b) Cost pressures in delivering a decent product that meets the expectations of the AH buyer,
(c) Housing credit issues for the buyer and its attendant challenges,
(d) Customer segment that is not well understood vis-à-vis their housing needs, buying behaviour and attendant implications for product design and
(e) Nascent stage of the construction technologies that are being tested for this segment.
The public provision of AH is also riddled with problems such as poorly designed and constructed products, inordinate delays in delivery, challenges in fair allocation of homes and lack of suitable land and challenges in acquisition processes.
While development of AH remains less attractive to private developers today, the fundamental demand remains strong and could provide developers with a profitable revenue stream that is less correlated with other sources of revenues such as mid-priced apartments, villas and commercial real estate. But developers need to overcome the challenges listed above first.
- Affordable housing overview – state of the industry, policies and regulation, challenges
- Economics of Affordable Housing projects
- Social impact of Affordable Housing projects
- Financing Affordable Housing projects
- Planning, Design and Construction of Affordable Housing projects
- Private Developers wanting to develop Affordable Housing projects
- Social Entrepreneurs or Social ventures looking to develop/invest in this segment
- Foundations and Trusts looking to finance projects and entrepreneurs in this segment
- PE funds and impact investors looking to invest in this segment
- Architects, Engineering and management professionals looking to gain a better understanding of this segment
The instructors will use a mix of lectures, cases and descriptive examples for the workshop. Participants will be encouraged to share their experiences and viewpoints to encourage discussion and to promote learning from each other.
Programme Charges*
Residential: Rs. 23,000/- (subject to availability of rooms on campus)
Non-Residential: Rs. 20,000/-
Early bird cut-off date: 26-Nov-2015
Residential: Rs. 21,850/-
Non-residential: Rs. 19,000/-
Please Note * Please add service tax at prevailing rates to the programme fee. Group discount (10%) may be availed for a group of 5 or more participants from an organization for a programme, on upfront payment before the start of the programme.
All enrolments are subject to review and approval by the programme director. Joining Instructions will be sent to the selected candidates 10 days prior the start of the programme. Kindly do not make your travel plans unless you receive the letter from IIMB.
A certificate of participation will be awarded to the participants by IIMB.
Registration
Please logon to IIMB website www.iimb.ac.in/eep for registering online. Do feel free to get back to us if you should have any clarification.
Executive Education Programmes
Indian Institute of Management Bangalore
Bannerghatta Road, Bangalore 560 076
Phone: +91 - 80 - 2699 3264 / 3475
Fax: +91 - 80 - 2658 4004 / 4050
E-mail: openpro@iimb.ernet.in
Dr. Venkatesh Panchapagesan heads the IIMB-Century Real Estate Research Initiative (IIMB-CRERI) at the Indian Institute of Management, Bangalore, and is a Visiting Faculty at the Stern School of Business at New York University. He is currently India’s sole academic representative in the advisory committee for World Economic Forum’s Initiative on Real Estate.
Venky has more than 20 years of experience in academia and in global financial services industry. Prior to joining IIM-B in September 2011, he was with the world’s largest hedge fund, Bridgewater Associates, where he was the global currency trading strategist and led efforts to revamp trading and research analytical infrastructure. He has also worked with Goldman Sachs Asset Management in New York between 2005 and 2008 overseeing trading research for their quantitative hedge funds. Venky was a Finance Professor at the Olin School of Business at Washington University in St. Louis from 1998 to 2005 and has published extensively in top peer-reviewed academic and practitioner journals of the world. He was also invited to be the NASDAQ stock market’s economist for 2002-03.
Since 2012, Venky has been leading the effort on creating India’s first scientific research initiative on India’s growing real estate sector through IIMB-CRERI. In a relatively short span of 2 years, the initiative has created several innovative content including India’s first home buyer sentiment survey as well as a crowd sourced market data portal to tackle opaqueness in the real estate market. In addition, IIMB-CRERI has been leading in the effort to create data and academic research and is now involved actively in helping the Government improve its land revenues through better real estate valuations.
Aside of real estate, Venky is also actively interested in the design and regulation of financial markets, performance of financial intermediaries such as mutual funds and the history of the Indian stock market. His work on algorithmic trading and Indian business group owned mutual funds have won competitive research grants while his work on the US Bankruptcy process has won the Best Paper award in a leading academic conference. He is currently working on a primer on the Indian financial markets from an academic perspective as well as on creating an index of Indian stock market performance (prices, dividend yield and equity premium) going back to the 1800s.
Venky sits on several of the Board’s Oversight Committees at the Bombay Stock Exchange (BSE) and Indian Clearing Corporation Ltd (ICCL). He has been cited in leading global financial media such as the Wall Street Journal and the Financial Times as well as leading Indian media outlets such as the Mint, Economic Times, Business Standard, Financial Express and the Hindu Business Line. He is certified in India as a Chartered Accountant (Silver Medalist, All India 2nd Rank) and a Cost Accountant (All India 5th Rank), and holds a PGDM from IIM (Calcutta) where he was also the batch’s Silver Medalist. He holds a Bachelor’s Degree in Commerce from R.K.M. Vivekananda College (Chennai).
Contact Details
Phone: +91-80-2699-3349
Email: venky.panchapagesan@iimb.ernet.in