Migrating youth is a catalyst to real estate development
I think from a business perspective we must focus on the issue of migration and traveling from city to city which the youth is doing.
I think from a business perspective we must focus on the issue of migration and traveling from city to city which the youth is doing.
If we want to see a regulated real estate business in India, we need to first identify the role of the Government in the system.
I don’t see any reason why there has been a general perception that the role of the government is to provide low cost housing unlike private developers.
Real estate developers are often blamed for delay in projects. But the fact of the matter is that it is more often the state parties that are responsible for the delay in project.
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.
The Indian real estate market has matured to the extent that it is seen as the best investment instrument, as a recent survey by ASSOCHAM points out.
While everybody, including the Finance Minister seems to be focussing on the affordable housing, the definition of the real estate at the bottom of the pyramid seems to be changing.