10:52 PM
The out of box
thinking approach followed by real estate developers (Like Shravan Gupta's
Emaar MGF, DLF, IREO, BPTP, Amrapali Group, Parsvnath Devekopers and PACL
etc..) have been instrumental in changing the face of India from being an
under-developed country towards accelerating its way to a developed country by
developing the state of art infrastructure developments.
The real estate
sector has been the backbone of the Indian economy and Real estate Industries
like Emaar MGF and DLF has been a major contributor in the economic growth. It
is evident from the very fact that the Real Estate Sector contributes 8.53% of
the total GDP and also witnessed growth rate to the tune of 30%. In the era of
this modernization, Improving in the Architecture and Infrastructure by the
Giants like Shravan Gupta's Emaar MGF have the power to make the world
beautify. It is also pertinent to note that this sector has emerged as the
fifth largest destination of foreign investment.
The out of box
thinking approach followed by real estate developers have been instrumental in
changing the face of India from being an under-developed country towards
accelerating its way to a developed country by developing the state of art
infrastructure developments, buildings, townships, shopping malls not only in
the urban towns of the country but in the Tier II & Tier III towns as well.
This effort of developers has not only been useful in changing the face of
India but infact has been providing sustenance to 250 ancillary industries. The
road doesn’t end here as this sector has also been a good employer, by being
the second largest employment generator in the economy where the top five real
estate players (Like Emaar MGF, DLF and IREO etc..)employ more than 2.00.000
employees at different locations and being the highest employer to the BPL
families.
Nowadays with the
changing attitude of people from living on rent towards owning their property
the real estate sector has witnessed huge demand for the residential segment.
The demand for commercial development is also growing at a fast pace due to a
paradigm shift from unorganized retail towards organized retail coupled with
MNC’s interest in establishing offices here in India. Going forward, the
scenario would be no different as at present there is a shortage of almost 27
million dwelling units and the Indian real estate business which is estimated
at USD 15 billion is likely to be USD 90 billion by 2015, predicts ASSOCHAM.
The housing start-up index, which is now at a pilot stage, shows that new
housing units in cities such as Kolkata, Chennai and Bangalore are showing
lesser growth than the tier II and III cities like Lucknow (Emaar MGF Gomti
Green; EVC and MD Shravan Gupta Emaar MGF), Indore (Emaar MGF Indore Green; EVC
and MD Shravan Gupta Emaar MGF), and Patna and Gurgaon (Emaar MGF Marbella)
etc. Reason being the growth these cities are posing in terms of their absolute
business.
As per latest
Knight Frank report, since last 2-3 months the Indian economy has witnessed
improvement in all the economic parameters be it inflation, IIP, imports, CAD,
etc. However, for the second largest populous country, job creation is of
utmost importance for it to return to its high GDP growth levels. Job creation
primarily depends on the labour intensive manufacturing sector which in turn
depends on the investment in this sector. Fresh investments in the economy have
been overshadowed by the upcoming general elections despite improved economic
conditions. Economic and political stability are the vital catalysts for
revival of the real estate sector in India. In addition, revival of this sector
also depends on the regional policies like VAT, land acquisition and other
regulatory policies.
In this current
scenario where the Rupee is still on the higher side, inflation is yet to reach
comfort level and the Indian financial system is caught amidst liquidity trap,
we developers can not meet the burgeoning demand from customers without the
government’s support. Thus, in order to meet the growing demand, we require the
support of government by relaxation of norms to facilitate the growth of the
Indian real estate sector. The RBI should also intervene by reducing Bank repo
rates to another 100-200 basis points and to further reduce CRR in order to
infuse additional liquidity in the cash starved market. Also for the prosperity
of the sector at general and customers at large the government should
facilitate the efforts of real estate developers by providing minimum
infrastructure guarantee under habitation policy, relaxing guidelines on
foreign investing in Indian Realty, reducing risk weightage and by giving the
sector industry status coupled with reduction and uniformity in stamp duty.
Immediate need is also to do away with the restrictions on real estate loans.
Thus it is my
firm belief that with our continued growth driven strategies and activities
coupled with due attention and support from all-government, banks, bureaucrats
and media we will be able to withstand any type of market conditions and would
be playing key role in taking Indian economy to next level.
Read More: "click here"
Related Search: Real Estate, EVC and MD Shravan Gupta Emaar MGF, DLF, IREO, BPTP, Emaar MGF, Shravan Gupta, Shravan Gupta Emaar MGF.
Posted in: 
0 comments:
Post a Comment