These developments while progressive in the long term, had a shot term disruption – and thus emerged the resilient phase of the industry – slow and disrupted but steady.
This matches well with the story of Israel. Today, the economy of Israel stands as an optimal testimony of resilience in the business economy. As a nation that has existed in a hostile environment, Israel remains untouched and unhindered. It continues to grow and prosper across all domains. This has been made possible only due to ‘resilience’. This stands as the most relatable comparison to India’s testimony – our struggle and victory. While cities, states and metropolitan areas across the globe face unprecedented economic, demographic, fiscal and environmental challenges, Israel sets a precedence of ‘making most of the limited land sustainably’.
Building on the future prospects and current efforts, the newest edition of CREDAI NATCON, powered by CBRE aims to build a case example for the industry stalwarts to learn how Israel has reinvented its legacy and fortified its roots for bigger and better outcomes. The theme for this year ‘Where Resilience Meets Excellence’ has an easy comprehension – patience and unapologetic perseverance is what results in breakthroughs. However, it’s not only Israel to have set benchmarks; India too shares a one of a kind growth story – real estate being the real hero. While Israel’s ability to stand strong amidst the neighborly chaos and destructions is a source of learning and promise, India has also tasted the fruit of resilience both from a business and economy standpoint.