Track2Realty Exclusive: In the current scenario, investment in Real estate sector has been a challenging task due to complexity of the real estate markets in various cities. The complexity has evolved as a result of local planning regulations, social and demographic features, economic profile and legacy issues.
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Track2Realty Exclusive: The image of the tall crane or earth moving equipment standing amid construction rubble is a ubiquitous one across our cities. In projects involving malls, housing complexes and tech parks, the visual signals are strong and clear: real estate is booming in India.
Track2Realty Exclusive: IT/ITeS and BFSI firms continue to be among the largest occupiers taking up spaces in excess of 200,000 sf each across Gurgaon and Noida. Close to 7.8 msf of under construction developments are expected to get completed in the fourth quarter, of which 70% comprise of IT SEZ developments across Gurgaon and Noida.
Track2Realty Exclusive: With the economy booming in India, the developers are to play an important part as the builders of the nation and are definite to become the most important stakeholders in urban development of the country.
Track2Realty Exclusive: These are the logical road to reforms and cutting time on approvals. Such a move will go well with the government and thus reinforce the confidence of the buyers also.
Track2Realty Exclusive: Most of the development in the NCR has occurred in the vicinity of the commercial hubs. In the Gurgaon micro market, developers have shifted their focus to the Dwarka Expressway, also called the Northern Peripheral Road. The forthcoming expressway will provide a convenient alternative link between Delhi and Gurgaon.
Track2Realty Exclusive: Reforms as the very philosophy of a sector demands that all stake holders agree to function in a transparent manner. With the growth of real estate over the last decade, while it is heartening to note that both the developers and the government have realised the importance of transparency in the sector, there are still challenges galore.
Track2Realty: The past decade has witnessed a period of economic transformation of the Indian real estate industry. After the global financial crisis, the pace at which the industry has bounced back is magnificent. Our real estate ecosystem typically comprises of architects, developers, Government & regulatory authorities, financial institutions, private equity players, other funding agencies, brokers, property consultants and of course most importantly the buyers.
Track2Realty: The social responsibility part of the Indian developers has been lacking, to say the least. The manner in which the developers have operated in many emerging micro markets leaves much to be desired of their sensitivities to these issues considering the unprofessional and opaque approach to the functioning of the developers where local level leaders are made a party by greasing their palms.
Track2Realty Exclusive: The real estate clan in the NCR region has come a long way ahead particularly with the housing sector most likely to witness a notable recovery, by the second half of 2013. The rising prices and high interest rates of the RBI have caused a drastic slash in sales. Adverse market dynamics such as high debt, piled up inventory and depressed market conditions took the sector for a rather harsh toll.