Track2Realty Exclusive-Yearly Analysis: Leading developers are resorting to desperate measures like selling their land banks, half finished projects and other noncore assets to reduce the burgeoning debt burden. The situation is set to become worse as land banks have already started shrinking.
Track2Realty: Real estate sentiment remained fragile through a major part of 2012, as the global economy continued to face strong and persistent headwinds. Economic activity in Europe is seen to be contracting, while growth in the US has been modest.
Track2Realty Exclusive-Yearly Analysis: Realty sector may appear to be bullish and project that downside is over with rosy forecast ahead, yet the decline in fortune is far from being over. As a matter of fact, the learning in the last four years has forced most of the leading players to restructure their project portfolio and shed the flab.
Track2Realty Exclusive: We all dream of living in a house of our own and often enough put in our lifelong savings investing in a home that has the best of both comfort and location. However, it can be a nightmare if your house is in a locality that requires a lot of effort in getting access to even the things of daily use or makes commuting to your workplace an ordeal. Even the posh areas of a metropolitan city are not free from this problem where you might have to walk quite a distance to get to the supermarket, travel from one corner of the city to other to reach malls and multiplexes, start early for workplace or drive for long to access a hospital in emergency.
Track2Realty Exclusive-Yearly Analysis: The first visible sign of creditors losing patience came in October 2012 when two private equity funds, Citi Property Investors and JPMorgan Chase, initiated separate arbitration proceedings against BPTP on the grounds that it has failed to provide a time-bound exit for their respective investments in the company.
Track2Realty Exclusive: Some analysts maintain that the government needs to understand that in order to meet the infra needs we are left with no option but to transform the city.
Track2Realty: Across micro-markets, investor sentiment has been impacted due to inflationary pressures and rising interest rates through the course of 2012, which have only come down marginally with a few policy revisions by the apex bank in the second half of the year.
Track2Realty Exclusive-Yearly Analysis: Indian real estate companies are reeling under the burden of debt, so much so that the excess cash that they had borrowed has become a liability that they want to get rid of but are unable to relieve themselves due to various factors beyond their control. They are nonetheless trying all possible measures, from selling land bank to restructuring their portfolio. Track2Realty tries to assess the seriousness of the situation where many of the realtors are caught between the distress sale and the debt trap.
Track2Realty Exclusive: The future of integrated townships is fraught with hurdles, yet it is the only win-win housing solution in the horizon. It is one of the primal human desires to own a home at a nice, peaceful locality with most immediate necessities in the vicinity. Till only recently the fulfillment of this desire came at a heavy price, leading people to often settle for less. These days, this has become affordable, thanks to the concept of integrated townships.
Track2Realty Exclusive: A large section of realty players categorically say that the redevelopment process may be a step in the right direction, it is yet not going to change the demand-supply dynamics, nor will it bring down the prices.