Over the last few years, the number of HNI investors and corporates who are seriously looking at investing into Indian office space has increased manifold. Mumbai continues to hold its own as India’s numero uno office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital.
No wonder, the healthcare sector is being adopted by the developers across the country. Property analysts are of the opinion that proximity to a hospital in an area also impacts the price of real estate and many developers use it as USP to market their projects.
Ravi Sinha: I welcome all the panelists in this roundtable discussion. We are organizing the brain storming session for our inaugural yearly Handbook Focus 2012. This is the second of the series after the 1st discussion in Mumbai on “Funding Gap in Real Estate.”
Increasing population, higher expenditure on lifestyles, rising market of health insurance, Government initiatives for better medical infrastructure, and focus on Public Private Partnership (PPP) models are some of the driving factors for the growth of healthcare sector in India.
Is the Indian real estate sector the right place to make a serious career in now? Compared to more developed countries, the Indian real estate sector still lacks sophistication and transparency. However, it continues to be in the limelight of domestic and international investments. This has naturally brought on the need for better, more capable human resources.
The much awaited verdict of the Competition Commission of India (CCI) on real estate developers’ complaint against cartelisation among cement companies is expected next week.
The Finance Ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money.
Leasing and buying activity in the commercial real estate market in India remained sluggish for the first quarter ended March 31 of calendar year (CY) 2012. The total absorption of office space declined 12% in Q1 compared to the Q4 of CY 2011.
It is no more portfolio diversification that is driving the real estate developers into medical realty, it is rather a serious business as Track2Realty observes. After all, no other vertical of realty is as resilient to macro economic conditions as healthcare realty and it also needs more space than retail in the year ahead.
Sunil Dahiya: What is happening is that we imported certain professionals from other industries and somewhere the vision and mission of the promoter was fueled by their greed or professionalism. They called it financial engineering. And that was the reason we got blocked from the IPO market. Today, whoever has filed DRHP, is going to face so much scrutiny and the band value itself will be discounted by 30%.