Creating real estate infrastructure to spur economic growth

Thursday, 5 November 2015 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka is on the cusp of a period in its history where, provided with the appropriate regulatory regime, its economy could reach unparalleled heights. With the promise of a stable political environment, at least for the foreseeable future, there is little doubt that the country could enter an era of sustained economic growth, which could reach unprecedented levels. However, in order to achieve its true potential, a concerted effort is required by all the major stakeholders to make Sri Lanka an attractive investment destination; and none more so than in the area of Real Estate.

A program, scheduled to be held on Thursday 12 November at the Galadari Hotel, Colombo, will cover several matters germane to the Real Estate sector. Whilst the presentations by KPMG Principal – Tax & Regulatory Suresh Perera and Entrust Wealth Management and Serendib Stock Brokers Director/CEO Naushervan Beg will focus on the subject of Real Estate Investment Trusts (REITs), the panel discussion that will follow would encompass related aspects such as the concept of a megapolis and how the Real Estate sector would serve as a catalyst for change in achieving the medium and long term objectives of such initiatives; impediment for FDI examined against the backdrop of the Land (Restrictions on Alienation) Act and would also include recommendations for changes in the Laws on Real Estate in order to render the Real Estate sector more amenable to FDI and Amendment of the Law on NBT.

The panel will comprise Yasir Maqbool, Regional Head-Risk, Sri Lanka & Maldives of HBL, Ravi Abeysuriya, Group Director/CEO of Candor Equities, Ishrat Rauff, Group MD/CEO of Adl Capital, as well as the presenters. It will be moderated by Mafaz Ishaq, CEO, Premier Synthetic Leathers Manufacturers and Director, Calamander Capital, Singapore.

This program is especially timely, following the recent conclusion of a Parliamentary election that earned the plaudits of even international observers, as well as the forthcoming budget. Inquiries or further details on the program can be made to 0775 837 575 or via email [email protected]. Visit www.utoeduconsult.com.