Grant Thornton to support new platform as knowledge partner
Mumbai-based content aggregation firm Brand Torque has partnered with professional services firm Grant Thornton to develop a new knowledge-sharing platform for the fusion of the art and real estate domains. The forum is called Alternative Investments & Sustainable Lifestyle (AISL).
The platform will bring together operatives from the real estate sector with art curators to facilitate the exchange of ideas between the two sectors. The goal is to identify new opportunities for the sectors in the current global context, as innovation becomes the battle cry for many in the business environment.
Identifying new opportunities is set to benefit investors in both sectors, while encouraging them to boost their investments in the alternative space. The rationale behind opening other avenues is a response to the current scenario in the traditional real estate sector, where investments are shrinking.
Despite growth in India’s real estate sector, Brand Torque identifies a downward trajectory in real estate investments recently, which has driven up the demand for alternative investment opportunities. Investors have the chance to shore up against risk by diversifying their portfolio to include alternative options.
Some examples cited by Brand Torque of current alternative investments in the real estate space include managed student and professional accommodation, pre-leased commercial assets, investments in the co-living and co-working spaces, in addition to data centres and warehousing.
Adding weight to the forum, Brand Torque has invited several senior officials to attend the event, including Founder & President of the India Business Group Chamber of Commerce.
Commenting on the event, founder of Brand Torque Madhushree Dutta said, “With such a paradigm shift in the way real estate will be consumed in the future, investors will also have to proactively realign their real estate portfolio’s to be in line with the futuristic demand and start “thinking out of the box” and beyond the traditional real estate opportunities, to make relevant investment decisions.”
Accounting and consulting firm Grant Thornton has committed its support to AISL as a knowledge partner. Khushroo Panthaky, a Director at Grant Thornton said, “With our strong expertise in providing professional services to the real estate industry, and the options available today, in the alternate investments space, which is of significant interest within the private client practice of ours, we are well placed and privileged to support this event as a knowledge partner.”
“We will seek to add value by enabling conscious and informed investment decisions.”
