“Tier 2 and 3 cities witnessing massive boom in residential realty development,”- Ganesh Babu, Director, IDE Consultancy

5th Edition of RESCOM-Summit India

“Tier 2 and 3 cities witnessing massive boom in residential realty development,”- Ganesh Babu, Director, IDE Consultancy

May 05,  18.50 PM IST || Pocket News Alert

Bengaluru, May 05, 2016: “Realty reports indicate that Tier 2 and Tier 3 cities like Vadodara, Mysore, Mangalore, Coimbatore, Vizag, Indore, Cuttack, Mangalore, Pune, among others have an immensely high demand for residential realty. According to a study by PropEquity, Vizag recorded a 41% absorption of residential units in 2015, with Trivandrum and Vishakhapatnam being close behind. Tier 1 cities, on the other hand continue to witness a high absorption rate of commercial real estate in the form of Office Retail Complexes (ORCs) according to studies conducted by Jones Lang Lasalle. Fashion, F&B and health care management are forerunners in this segment,” said Ganesh Babu, Director IDE Consulting Services Pvt. Ltd while announcing the 5th edition of IDE’s immensely successful B2B initiative – RESCOM-Summit India which was held at Sheraton Grand on May 5th and 6th.

“Tier 2 and 3 cities witnessing massive boom in residential realty development,”- Ganesh Babu, Director, IDE Consultancy

IDE organized the 5th edition of RESCOM to bring Tier 2 and Tier 3 builders in direct contact with quality suppliers, emphasized Ganesh Babu. Additionally, at RESCOM, architects and developers of commercial spaces in Tier 1 cities were able to interact to facilitate sourcing of international quality products to keep up with the demands of maintaining global standards.

A first in the B2B industry, RESCOM is an event that brings together Procures (builders, developers, PMCs, architects and designers) and Suppliers from across India onto a single platform to interact and ink deals on the spot. The Summit aims to bridge the gap between the two segments by ensuring that key decision-makers from both sides are a part of the summit and have first choice on the brands that they would like to interact with.

This year’s edition of RESCOM saw close to 77 participants among the procures and 42 from the suppliers. Among the procurers in attendance were Puravankara Projects, EMAAR MGF, Piramal Group, Reliance Industries, Shapoorji-Pallonji and Godrej Properties. Among the suppliers were brands like Durian, Hafele, Panasonic, Hepzhi and Voltas .

Outlining the meticulously planned details of the two-day event which was held at Hotel Sheraton Grand on May 5th and 6th2016, Ganesh Babu said, “What makes RESCOM-Summit India stand tall among other B2B initiatives is that it organizes pre-scheduled 20 minute face-to-face meetings between procurers and sellers speeding up the process of procurement and delivery.”

 “Procurement is key for a builder and being able to source good quality products is essential, as it is our reputation at stake;” says Mr.Srikant Srinivasan,President – Procurement, Puravankara Projects “An event like RESCOM ensures that these meetings happen and the right partnerships are forged and quality products are sourced for our projects”

Speaking on the announcement of RESCOM 2016, Ms.Meena Kshirsagar, Vice President – Projects, Durian Industries Ltd, representing the suppliers says, “An event like RESCOM does for us, what usually gets stuck in business red tape – organize face-to-face meetings with decision-makers. With all the background details such as budgets from the builders and clear-cut services from us being outlined from the get-go, no time is lost in preliminaries”.

 About IDE Consulting Services


As one of the emerging leaders in the B2B realm, IDE is committed to creating value for each and every client by delivering remarkable experiences that build businesses. Arm your Sales team with IDE, and they will never run into a cold deal again! Backed by years of experience in the industry, IDE has formulated the ultimate sales platform which is focused on bringing best-in-class buyers and sellers together in an exclusive and captivating environment to do business. All buyers and Sellers are extensively pre-qualified and confirmed based on our diligent criteria as the ultimate decision maker for their division.

An interactive conference agenda, pre-scheduled Face to Face meetings and five-star networking activities make up the critical mix of our unique events to ascertain an ideal podium to do business.

For more info visit: www.ide-global.com