3rd of the series
Now at the year end it is time we conceptualized the idea of a compendium of yearly handbook that could serve as a ready reckoner to the sector, the media, HNIs and the investors who have keen interest in the Indian realty market. Focus 2012 is our earnest endeavour to capture some of the twilights of 2011 and unveil what lies ahead in the year 2012.
2012 is also the year that promises to be the turning point of the real estate business in India. While the glass half full and half empty syndrome continues, with drying funding options, debt burden, piling inventories and interest rate threatening the growth of the realty business, 2012 is also the time when the real estate is set to be exposed to reforms at the policy level and new sources of funding at the financial level.
Moreover, the projected urban growth also suggests real estate business will no more be an index of 10-15 cities. Though there are momentary hiccups but in the larger context the appetite for property is huge in India, both as a primal need and also as an investment instrument. This promises a domino effect in the capital market as well. After all, market capitalization of the real estate sector in India is just about 4.2 per cent of the total market capitalization, which is below the global standard of approximately 15 per cent, thus reflecting the scope available for growth of the sector.
Those who are keeping a close tab on the developments within the sector can easily vouchsafe that real estate needs to get into a dynamic mode. And this newly found eagerness to dynamism is finding expression in myriads of ways. The sector is changing hands, whether by second generation entrepreneurs or by educated professionals, and there is a level of seriousness in the ring. Realty companies are increasingly drawing big-ticket expansion plans, the element of consolidation is setting in seamlessly now, the financing climate promises to evolve more conducive after the recent churn out and there is an increasingly growing tilt towards professionalism.
Track2Realty Focus 2012 is a sincere attempt to holistically capture the essence of this interesting churning in the Indian realty sector. This comprehensive guide comprises of all critical linkages of the realty business. The macro hue has been added by bringing specific segments under the spotlight. All the indispensable catalysts to take realty business to the next level have been prominently highlighted in the yearbook to give it a truly comprehensive nature.
Apart from displaying a 360 degree approach in terms of coverage of the vast universe of the real estate sector, another crucial USP of the yearbook is its participative and collaborative nature. We have got the best brains from different verticals of the realty business as contributing knowledge partners to write on the most pertinent issues of the sector. The effort is to gather community wisdom and thus draw the real, big picture. Plus, a look at the perennial problems afflicting Indian realty sector makes this yearbook an indispensable companion for all the stakeholders in the industry.
