Track2Realty Roundtable Panelists—Dr Anil Sharma, CMD, Amrapali Group

Sunil Dahiya—Sr Vice President, NAREDCO & MD Vigneshwara Developers

Harmit Chawla—MD, HCorp Realty

PK Tripathi, President, Unitech

Moderator—Ravi Sinha, CEO & Managing Editor, Track2Realty

Track2Realty Roundtable Panelists—Dr Anil Sharma, CMD, Amrapali Group

Sunil Dahiya—Sr Vice President, NAREDCO & MD Vigneshwara Developers

Harmit Chawla—MD, HCorp Realty

PK Tripathi—President, Unitech

Moderator—Ravi Sinha, CEO & Managing Editor, Track2Realty

Ravi Sinha: Would any of you agree that the pipeline visibility and land bank suddenly has turned out to be a land liability?

Ravi Sinha: In 2013 when most of the PE Funds are maturing, they may not be investing again in the real estate. So, from where will you generate the funds?

Ravi Sinha: I have a question here, and I will be very frank with Mr Tripathi. Any journalist who writes on real estate finds it very amusing that the sector has always tried to put the ball in the government’s court. Since you have been part of the government, how far will you agree to this?

Ravi Sinha: All said and done, land acquisition bill is going to be a reality. What are the issues that make you so critical of it? Is it just the fresh cost of acquisition?

Ravi Sinha: The point here is how feasible are the wishful thoughts of the sector in 2013?
Sunil Dahiya: The commercial essence of our product has been taken out. Now the consumer is saying let me wait for something, and he is waiting in eternity for something better to come. What he is waiting for, we also don’t know. So, the consumer has been loaded with confusion, and we are loaded with a product which is dead.

I welcome all the panelists in the final roundtable for Track2Realty Focus 2013. As we come to the end of 2012, it is time to look in & look ahead as far as the prospects of the realty sector are concerned. In this discussion, we would try to wrap up the year 2012, and see where the sector has been heading to in 2013. So, when you look at the year Mr Sharma, don’t you think “oh! what a waste.” So much was expected this year but nothing has moved forward, be it in terms of administrative reforms, fiscal reforms or land reforms; nothing has gone right for the sector.