Track2Realty-Agencies: Real estate players and analysts on Tuesday welcomed the Reserve Bank’s move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
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 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.
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?
Track2Realty Exclusive: India Outlook remains positive
Though the Indian economy recorded one of the lowest growth rates in recent years in 2012, indications are that the economic growth rate may have bottomed out and is likely to improve from the current levels over the next six months or so.
Track2Realty Exclusive: The Indian real sector has evoked mixed response to the Union Budget 2013-14, though by and large there is optimism within the sector. Here are some of the responses—
Track2Realty: India faces shortage of fresh supply of houses, the Technical Group on the Estimation of Housing Shortage projects the total shortage of dwelling units in urban areas in 2012 to be 18.78 million, said a report by Knight Frank Research.
Track2Realty Exclusive: Wading in troubled water, when the Indian real sector was looking for direction through the Union Budget 2013-14, the Finance Minister seems to have given symbolic relief to the sector by encouraging the home buyers but at the same time has denied the sector some of the long pending substantive demands. To allow an additional tax deduction of Rs 1, 00,000 on interest rate for home loans up to Rs 25 lakh, the Union Budget has aimed to give more boost in low cost housing segment.
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: The Indian real estate today stands at a crossroad where it seems the government is confused, the developer is confused, the financer is confused and the buyer is confused. They all seem to be in a wait and watch mode but not sure as to waiting for what. While the government is sitting over two crucial bills that has far reaching implications on the future of Indian real estate, reforms and regulation means different things to different stake holders. With a tectonic shift expected this year, all the stake holders are evaluating their own cost-benefit.