Housing.com in collaboration with The Times of India, presented the ‘Right To Excellence – Real Estate Summit’ on March 15th, 2024, at the Crowne Plaza in Gurgaon. This summit aimed to convene numerous industry luminaries, market experts, thought leaders, and stakeholders to delve into the future trajectory of the technology and real estate sector in India.
Urbanisation is inevitable and it changes the very look and feel of the cities across the country. However, probably none other city has been completely transformed the way cities like Ahmedabad and Vadodara and traditional old world charm has been overtaken by a thriving urban metropolis.
We keep hearing the term ‘market drivers’ being used in real estate. What are they? Market drivers can be defined as developments in an area that increase the value of living there. It is a well-established fact that infrastructure is by far the most important driver for real estate demand and property appreciation growth.
Track2Realty Exclusive: In the last few years a perception has gained ground within the built environment of Indian real estate that the environmental concerns are at loggerheads with the development. The collective consciousness seems to have believed that the real estate and infrastructure projects often compromise with the environmental concerns and to make a balance between the inevitable urbanisation and avoiding the natural erosion is not that easy.
Track2Realty Exclusive: Only some years ago, when the National Housing Board brought out a survey report saying that India will need at least 26 million houses by the end of 2020, that the idea of privately built township or townships built on PPP model first germinated. Large tracts of land which were lying at the outskirts of cities were looked at with a lot of hope and dreams to offer better living to Indians at affordable prices.
Track2Realty: For the quarter ended March 2014, nearly US$800 million was invested into India’s real estate sector. This translates to almost Rs.4,800 crore having been injected into the sector through the private equity route over the past few months. This couldn’t have happened at a more opportune timefor a sector faced with a liquidity crunch, high land acquisition costs, and stringent due diligence from the banking sector—which continues to perceive real estate as a high-risk domain in India.
Track2Realty: Sustainable and inclusive urban development is of particular importance at this juncture of our economic growth. With the urban infrastructure of our major metropolitan cities bursting at the seams from increasing urban migratory patterns—which is only set to accelerate in years to come—the development of new integrated cities has become the need of the hour.
Track2Realty Exclusive: While the infrastructure of Pune has been comparably better than many urban centres across the country, there is no denying the fact that the kind of urbanisation and migration that is happening in the city the load on the infrastructure is increasingly getting heavy. Moreover, since most of the infrastructure has been created by the private developers in the city of late; hence there has been uneven growth of infrastructure across the city.
Track2Realty: MMRF Realty & Infrastructure has announced the launch of its first two residential projects in Chennai, Sai Enclave, located at Arasankazhani near OMR and Vista Oceana, Padur, OMR.
Track2Realty: The Royal Institution of Chartered Surveyors (RICS), the world’s leading professional qualification and standard setting body in land, property and construction sector and Amity University have established the RICS School of Built Environment, Amity University at Noida campus, to address the shortage of skilled professionals in the sector.