Valuation and Funding of Infra and Real Estate Companies(Mumbai) 9th Feb

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Valuation & Financing of Infra And Real Estate Companies – Mumbai, 12th may

 INTRODUCTION

In real estate, property values are not the same as property prices. Property value is an estimate of what a home or a piece of land is actually worth; the price may be higher or lower, depending on who has the best bargaining skills, who wants the deal most and whether there were any incentives thrown in to sweeten the deal. The property value is often referred to as the fair market value. Fair market value is the estimated price a buyer and seller could agree on if both were interested in making a deal. The definition assumes that both parties have sufficient information about the market and the property, and that the property has been on the market for a reasonable period of time.There has been many situations where real estate valuation becomes major aspect in decision making, family partition, legal battles, mergers and acquisitions, Balance Sheet exposures, Mortgages to banks as securities, land bank valuation for IPOs, Networth and NAV of Realty Funds and for financial statements.

The Real Estate Management Program brings industry leaders together with real estate practitioners to examine real-world scenarios, best practices, resource and design innovations, and effective leadership techniques for competing successfully in an increasingly complex market. It is designed to help you better position your firm for short-term stability and long-term growth.

Who should attend:

  • Senior executives with substantial long-term experience in real estate organizations.
  • Real estate owners, lenders and investors.
  • REIT officers, fund managers and advisers
  • Private real estate developers
  • It also benefits financial analysts, lawyers, architects, and brokers

why you should ATTEND:

  • Helps you get an exposure to the benefits and opportunities within the real estate industry.
  • Session would be anchored by real estate experts who will share in their vast knowledge of the workings of the industry and provide deep insights on dealing with the challenges, technicalities and prospects of the industry.
  • Helps gain thorough insights into technical areas in the real estate industry while acquiring new skills and competencies.

AGENDA

Session 1: Real estate valuation- Legal process and approaches of Valuation

– When property is valued?

– Mass appraisal process

– Valuation of residential and non- residential property

– Notice of valuation

– Market Approach

– Cost Approach

– Income approach

Session 2: Funding options for real estate

– Commercial real estate financing

1. Bank financing

2. Private lenders

3. Credit line agreements

– Residential real estate financing

1. Bank financing

2. Grants

3. Creative financing

Session 3: Valuation approaches of Infra Companies

Session 4: Financing of Infra Companies

– Normal Loans
– Project Finance Domestic
– External Commercial Borrowings
– Restructuring
– Issues in Listed Entities
– Issues in Project Finance

MEET OUR EXPERTS

Prem Rajani
Managing Partner, Rajani Associates

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Practice Area Specialization: Structuring and Mergers and Acquisitions
Prem is the founding partner of Rajani Associates with a valued experience of more than 25 years. Having passed his LL.B. examination from Government Law College, Mumbai in May 1990, Prem went on to then pass the Solicitors examination conducted by the Bombay Incorporated Law Society in March 1992 and the Solicitors examination conducted by Law Society, London, in April 1994.

Prem has been fortunate to have his career evolve with the evolvement of Foreign Exchange Laws in India. He has been lucky to study and practice FERA along with FDI Policy as soon as the same was introduced in India in 1991 and also see the advent of FEMA and its evolvement. Along with the gradual opening up of various sectors, Prem continued to gain knowledge with respect to each such sector, including telecom and aviation.

Although he created a niche for the corporate practice, Prem has not been away from and has had a fair share of experience in both the specialized fields of conveyance and litigation. This diverse experience of Prem, across various practice areas of Law, has helped him evolve into the complete lawyer he is today.

Having said that, what Prem enjoys the most today is Structuring and Mergers and Acquisitions.

It can easily be said that Law is Prem’s hobby, but when not practicing Law, Prem likes to indulge in old melodies and movies.

Rankings:
• Chambers and Partners have recommended Mr. Prem Rajani as a “Leading Lawyer” or Corporate/ M&A and Private equity
• IFLR1000, has recommended Mr. Prem Rajani as a “Leading lawyer” for capital markets and M&A.
• AsiaLaw Profiles has recommended Mr. Prem Rajani as a “Leading lawyer”.
• Legal 500 has recommended Mr. Prem Rajani as a “Leading lawyer” for Capital Markets and corporate and M&A

Aradhana Bhansali
Partner, Rajani Associates

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Practice Area Specialization: Real Estate & Trusts
Aradhana handles mostly the Real Estate and Trusts related practice of the Firm. Aradhana passed her LL.B. examination in the year 2000, L.L.M from University of Mumbai in the year 2002 and has done Financial Management from N.M.I.M.S. Aradhana carries with her an experience of 15 years.

Aradhana has a wealth of experience in handling Real Estate transactions including Hospitality transactions, IT Parks, Development and Re-development projects, SEZs, Testamentary matters.

Aradhana has also, in her years of practice, handled a number of cases pertaining to civil litigation and arbitration.

Creativity to Aradhana, is another form of a true blessing! The ability to think and create something beautiful, be it a story or a poem has been an all-time favorite hobby of hers.

Umakanta Panigrahi
Director, Duff & Phelps

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Umakanta is a director in the Valuation Advisory Services group in Duff & Phelps based in Mumbai. In his current capacity, he is responsible for the overall financial valuation practice in Mumbai.

Umakanta joined Duff & Phelps in 2015 through the firm’s acquisition of American Appraisal. He has over 10 years of experience in financial advisory services including valuation, equity research, credit research and other advisory services. Umakanta has managed a range of valuation and consulting services including business valuation, portfolio valuation, intellectual property valuation, purchase price allocation and impairment assessment, financial instrument valuations and other IFRS and USGAAP related engagements.

He has also advised several clients on swap ratio determination, corporate finance, business plan development and review, exit strategies and dispute consulting.

Umakanta has managed and executed a range of financial advisory engagements for energy, utilities, infrastructure, private equity, insurance and financial services healthcare, telecom, media and entertainment, retail and IT and ITES industries for mergers & acquisitions, accounting and tax reporting, transfer pricing, litigation and strategic purposes.

His specialization includes valuation of complex financial instrument (such as complex convertible instruments, earn-out and contingent payments, cross-currency interest rate swaps, options and other hedging instruments). He has also advised several companies on distress debt transaction, earn-out structuring and ESOP structuring.

Prior to joining American Appraisal, Umakanta has worked with the Financial Advisory Services practice of Deloitte and Investment Research & Valuation team of Evalueserve.
Umakanta holds a Master of Business Administration degree and a Bachelor’s degree in Business Administration.

Sanjay Ray
Director, Duff & Phelps

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Sanjay is a director and leads the Tangible Assets Valuation team of Duff & Phelps in India and Singapore. He has managed and executed a range of Tangible Assets Valuation engagements involving real property and plant & machinery across various industries in Asia Pacific Region.

Sanjay has more than 16 years of experience in valuation and engineering services. He has provided valuation services to various clients related to IFRS, SFRS, USGAAP, IGAAP, PSAK and other applicable standards, impairment testing, taxation, insurance and for strategic decision-making purposes. He has performed many site visits in India and Asia Pacific countries related to valuations.

He has organized, staffed, managed and executed a range of real estate valuation engagements for investments, funds, collateral and financing, financial reporting, dispute, management decision/ strategic and Insurance purposes. The real estate assets includes residential, commercial offices & complexes and industrial properties. He has also reviewed the real estate valuation analysis of IPCs in India.

Some of the key representative clients he has advised are – Pramerica Real Estate Investment, Religare Finvest Limited, Jupiter Capital, Fortis Hospital, RMZ Corp, Ginger Hotel, Resorts, Virtusa, Capgemini, Dell, Continental India, Hindalco, Indian Oil Corporation, Indorama, Reliance Power, Essar Oil, HMEL, CLP, Singapore Petroleum Company, Petron Malaysia, Petronas, Malaysia, Renewable Energy Corporation (REC) Singapore, etc.

Prior to joining Duff & Phelps, Sanjay worked with Deloitte, leading a team of 10 in providing valuation services to US-based clients in relation to valuation of tangible assets under US GAAP. He also assisted with developing and implementing a standard PPE valuation model across the firm.

Education:
• Post Graduate Diploma in Business Administration (PGDBM)
• Bachelor of Engineering (Mechanical)
• Professional Affiliations
• Member of Royal Institution of Chartered Surveyors (MRICS)
• Fellow member of Institution of Valuers, India (FIV)
• Member of Institution of Engineers of India (MIEI)
• Chartered Engineer (CE)

Ujjwal Ganguly
Vice President, Duff & Phelps

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Ujjwal is responsible for overall project management of the financial advisory services related to fixed/tangible asset within Duff & Phelps India operation. He has assisted his clients in India as well as Asia Pacific region.

Ujjwal has over 14 years of experience in valuation and engineering services. He has executed and managed a range of engagements across clients like Real Estate Investment Funds, Construction Industries, other light & heavy industries, etc. where he has provided consulting advises on tangible asset valuation, fixed asset management, construction cost/claim assessment/analysis, real estate due diligence etc.

Focusing on his real estate experience, he has assisted clients in valuation of different type of real estate assets including but not limited to commercial, industrial, residential, hotels, resorts, offshore structure, etc. by multiple valuation approaches and for various purposes. He has developed in house estimate of cost of construction for different type of buildings and its improvements for analysis.

Some of the key representative clients he has advised are – Pramerica Real Estate Investment, Religare Finvest Limited, Jupiter Capital, RMZ Corp, Four Season Hotel, Ginger Hotel, Coffee Day Global, Capgemini, Dell, Continental India, Hindalco, Indian Oil Corporation, DM Health Care, Private Hospital, Petronas, Petron Malaysia, Super Labels Malaysia, etc.

Prior to joining Duff & Phelps, Ujjwal served as Senior Analyst at Deloitte Financial Advisor Service at Hyderabad and Senior Engineer, execution and monitoring, at Shapoorji Pallonji & Co. Ltd. (EPC construction firm) in India. His overall responsibilities included tangible assets valuation, fixed asset management, construction advisory, planning & monitoring, vendor management, etc.

Education:
• Bachelor of Engineering (Civil)
• Masters in Constructions Management
• Professional Affiliations
• Fellow member of Institution of Valuers, India (FIV)
• Member of Institute of Engineers (MIEI)
• Chartered Engineer (CE)

OUR Partners

OUR VENUE

The Lalit
Sahar Airport Road, Andheri East, Mumbai, Maharashtra 400059

In case of queries, please email us at register@i-dealsnetwork.com

Registration Details

Fee Details:

Standard Fee : INR 15,000 + Service Tax(per delegate)

Early bird discount : For first 20 delegates INR 13,500 + Service Tax (per delegate)

Group discount (for 3 or more delegate) : INR 12,000 + Service Tax (per delegate)

In case of queries, please email us at register@i-dealsnetwork.com or call Mr Raj Mishra on +91 9650920078

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