Ed­i­tor-in-chief note

Realty Plus - - Contents -

The fact of the mat­ter is that the In­dian real-es­tate is go­ing through a slump. There has been fall in sales fig­ures across the cities and new launches have re­duced con­sid­er­ably in the res­i­den­tial seg­ment. But these are also signs of the re­alty sec­tor ma­tur­ing. It shows that the de­vel­op­ers are now con­sciously try­ing to re­duce in­ven­tory lev­els by grad­u­ally de­creas­ing the num­ber of launches. The in­dus­try sta­tus to af­ford­able hous­ing and re­duced in­ter­est rate for home loans has come as a ray of hope for the de­vel­op­ers. Also, on the back of the reg­u­la­tory re­forms, the time may now be ripe for the gen­uine buy­ers and in­vestors to look at the real-es­tate sec­tor as an at­trac­tive propo­si­tion. Re­alty Plus rec­og­nizes the in­di­vid­u­als and or­ga­ni­za­tions that have worked harder to meet the chal­lenges when si­t­u­a­tion was tough. Re­alty Plus Ex­cel­lence Awards are the rep­re­sen­ta­tion of our ac­knowl­edge­ment of the de­ter­mi­na­tion to carry on in the tough times. We re­cently con­cluded the West and the North edi­tion of the Re­alty Plus Con­clave & Ex­cel­lence Awards in Mum­bai & Delhi re­spec­tively. The forth­com­ing Re­alty Plus Con­clave & Ex­cel­lence Awards- South in Ben­galuru in Novem­ber sets out with the same agenda of re­ward­ing the good work. The In­dian real-es­tate is con­sol­i­dat­ing and adapt­ing to the changes to form a new equi­lib­rium. Given the higher trans­parency and reg­u­la­tions, we be­lieve that the re­alty sec­tor is def­i­nitely poised for growth in the medium-to-long term. So, here’s wish­ing our read­ers fruit­ful and a pros­per­ous fu­ture.

“The great­est glory is in ris­ing ev­ery time we fall.” an­nurag ba­tra PUB­LISHER & ED­I­TOR-IN-CHIEF

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