In a candid conversation, prominent figures from Bengaluru's real estate sector share their experiences, challenges, and optimism about the future of the industry. They discuss the tough work involved, the thrill of creation, and the growing demand in the
Real EstateIndiaDevelopmentChallengesFutureReal Estate MaharashtraOct 15, 2024
Nirupa Shankar, Joint MD of Brigade Group, mentioned that the real estate business in India is a lot of 'donkey work,' involving extensive paperwork, obtaining numerous licenses, and navigating a complex regulatory landscape.
According to Nirupa Shankar, affordable housing is defined as around ₹45 lakh, but with rising land prices, most projects end up costing around ₹60 lakh. This makes it challenging to execute affordable housing projects.
Real estate leaders recommend exploring land aggregation and engaging in Joint Development Agreements (JDA) with existing landowners. They suggest using the ₹10 crore as equity and securing the rest as debt from a bank for construction financing.
The leaders are bullish on the future of the real estate market in India, citing the country's large population and growing aspirations. They believe that the demand for housing is a multi-decade opportunity and that it is physically impossible to build enough capacity to meet the demand.
According to the World Bank's Country Director for India, Auguste Tano Kouamé, by 2036, India’s towns and cities will be home to 600 million people, or 40% of the population, up from 31% in 2011.
Rajesh Labhubhai Lakhani, a prominent director at Woodstock Estate LLP, a renowned real estate firm, has recently purchased a stunning sea-view apartment in Mumbai.
Indiabulls Real Estate Limited has undergone a significant transformation, changing its name to Equinox India Developments Limited with effect from June 20.
The upcoming budget is expected to boost sentiment in the housing sector by introducing measures that benefit homebuyers and real estate developers, improving infrastructure funding in cities like Thane.
The Confederation of Real Estate Developers' Associations of India (Credai) has partnered with the Indian Institute of Management Ahmedabad (IIMA) to launch the Real Estate Development Leadership (RED-L) programme, designed to enhance leadership and indus
This high-profile purchase not only highlights the trend of industrialists and celebrities investing in prime properties but also places him among notable neighbors like Bollywood star Shahid Kapoor.
A prominent real estate developer, Parag Shah holds a bachelor’s degree in Commerce (BCom). He established Man Infraconstruction Ltd in 2002 and has since seen his assets grow by an impressive 575%. Discover the story behind his remarkable success and the