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