Stay Will­ing to LEARN

Realty Plus - - Panorama - by ANNURAG BATRA Edi­tor-in-chief

Are­cent painful de­vel­op­ment has been the bank­ing mess that is im­pact­ing both the de­vel­op­ers as well as the home buy­ers. The ris­ing NPAS have made the banks and NBFS more cau­tious about dis­burs­ing loans to real es­tate de­vel­op­ers which may lead to de­lay in com­plet­ing sev­eral un­der-con­struc­tion projects. On the other hand, the higher in­ter­est charge­sof pri­vate eq­uity play­ers and other fi­nan­cial in­sti­tu­tions will even­tu­ally be passed on to the end con­sumer. Ad­di­tion­ally, the RBI’S hike in repo rate has a di­rect im­pact on home loan bor­row­ers as banks have in­creased in­ter­est rates on loans in tan­dem.

It may seem like a cri­sis for real es­tate but the fol­low­ing struc­tural changes will help re­duce bad loans and pro­mote cred­i­ble play­ers. And for new home loan bor­row­ers, they should not wait any longer. With the prop­erty prices at the all-time low and lu­cra­tive in­cen­tives be­ing of­fered by de­vel­op­ers, this would be the right time to in­vest in realty.

A com­par­i­son is of­ten made be­tween pay­ing a Mu­tual Fund SIP and Home Loan EMI. While, the de­bate is in­dica­tive of the mis­trust for de­vel­op­ers, what is also clear is that for a first time home buyer no SIP can pro­vide a roof over his head. Tak­ing cog­nizance of this lack of con­fi­dence in real es­tate, RERA, GST and var­i­ous pol­icy re­forms were in­tro­duced that are al­ready show­ing re­sults in the form of grad­u­ally in­creas­ing ve­loc­ity of sales and trans­ac­tions across the coun­try. The buyer’s con­fi­dence is in­creas­ing and so is flow of in­sti­tu­tional cap­i­tal into the sec­tor. Tech­nol­ogy has proven to be the big­gest en­abler in bring­ing trans­parency, struc­ture and due dili­gence to the real es­tate. Pop­u­larly known as Proptech, it is be­ing adopted by grow­ing num­ber of real es­tate com­pa­nies to trans­form their busi­nesses. Realty Plus, the voice of In­dian real es­tate has al­ways ar­tic­u­lated the needs and the chang­ing trends of the sec­tor. The con­ven­tional busi­ness such as real es­tate needs to evolve and the “cor­rect adop­tion” of “rel­e­vant tech­nol­ogy” be­comes an ab­so­lute es­sen­tial. To de­lib­er­ate and in­tro­duce these rel­e­vant tech­nolo­gies & their cor­rect adop­tions, Realty Plus is or­ga­niz­ing the first ever “Realty+ Proptech Sum­mit” in Ben­galuru on Nov 22. The Sum­mit will fos­ter mu­tual learn­ing and pro­voke con­ver­sa­tions that mat­ter. Our en­deav­our & com­mit­ment re­mains to keep adding value to the In­dian real

es­tate in­dus­try.

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