Dispute resolution, modern sustainability, and technological advancements in CRE & FM sector
Disputes concerning CRE and FM can cause significant damage to the investment value of property. In addition, dealing with disputes takes up valuable time and resources and can be immensely costly for property owners, investors, and developers. The types of property disputes that can occur are wide ranging and can concern matters such as valuation (rental and freehold) the location of boundaries, defects and repairs, title defects, breaches of contract, and much more.
It is essential for professionals who work in the property sector to understand the available options for resolving disputes, through both the Indian judicial process, and through alternatives to litigation, such as arbitration and mediation, which are collectively known as ‘ADR’.
RICS, in partnership with Dentons Link Legal as the knowledge partner, has developed an arbitration service specifically for India’s construction and infrastructure sectors. RICS has established a panel of qualified arbitrators to deliver arbitration services to India. The panel is made up of senior professionals from the upper echelons of the Indian commercial property, construction, and the built environment sectors. They have been joined by several retired judges from the Supreme Court of India, various Indian High Courts and elite arbitrators from the RICS International Panel of Arbitrators. The panel brings an unparalleled blend of local and international construction in legal expertise.
“We are working with property professionals in India to help them understand and use arbitration and other forms of ADR, and we are hopeful that many will go on to undertake training and become qualified arbitrators and mediators themselves,” says Martin Burns, Head of DRS Research & Development at RICS.
RICS India CRE & FM Conference
India’s CRE & FM sector is witnessing a dynamic transformation, driven by rapid urbanisation, technological advancements, and shifting work paradigms. The CRE landscape is evolving with an emphasis on smart buildings, sustainable practices, and flexible workspaces to cater to the demands of modern businesses. Meanwhile, the FM sector is embracing integrated solutions and advanced technologies like IoT and AI to enhance operational efficiency and tenant satisfaction. As India strides towards becoming a global economic powerhouse, the CRE and FM sectors are poised to play a pivotal role in shaping the future of urban living and working environments, offering innovative solutions that blend tradition with modernity.
The India CRE & FM Conference plays a leading role as an essential platform for fostering innovation, facilitating expert discussions, and exploring new growth avenues within the CRE and FM sectors. It not only enables the sharing of best practices and the latest trends, but also strengthens networking among key industry stakeholders; from developers and investors to architects and facility managers. Additionally, the conference serves as a crucial platform for addressing the challenges posed by regulatory changes and cultural shifts, ensuring that participants are equipped with the insights and strategies necessary to navigate the complexities of the market.
The conference promises to be a landmark event, bringing together industry leaders, innovators, and professionals from the CRE and FM sectors. Themed ‘Creating Synergies Between Form and Function’, it aims to delve into the transformative processes shaping these sectors, focusing on the integration of traditional practices with modern sustainability and technological advancements. Attendees will engage in a full day of insightful sessions starting with an opening fireside chat titled ‘CRE & FM: Kal, Aaj, aur Kal’, which will explore the evolution of the sectors in India, highlighting how they have adapted to shifts in cultural values, regulatory landscapes, and technological innovations.
The agenda is meticulously structured to cover a wide range of critical topics. Following the opening session, the day continues with several high-impact discussions, including a panel on ‘Data Centers - The New ‘Gold Mines,’ which will examine the burgeoning demand for data infrastructure and discuss the challenges and opportunities in this rapidly growing field. Another session, ‘Greenspaces: Workplace Design and Sustainability’, will explore effective strategies for integrating designs and sustainable practices in CRE and FM to enhance property value and attract eco-conscious stakeholders. There will also be an address of the rising trend of flexible workspaces in the panel ‘Flexibility at the Forefront: Adapting Flex Offices’, discussing the transformation of distressed assets into profitable spaces and the technological enhancements that make flex offices appealing.
Each session is designed to foster deep discussions and provide actionable insights, with many opportunities for networking, where participants can connect and share ideas. The conference will conclude with a session on ‘Lease Mastery: Navigating India's CRE Leasing Landscape with Expertise and Innovation’, focusing on the dynamic leasing market and strategies for success in an evolving economic environment. This comprehensive conference will not only offer a platform for learning and exchanging innovative ideas but also pave the way for forging new partnerships and strategies in the Indian CRE and FM markets.
