GOAL WITH­OUT A PLAN IS JUST A WISH

Realty Plus - - Contents - by AN­NURAG BA­TRA

Pub­lish­ing a mag­a­zine is akin to rais­ing a child. The whole process is amaz­ing, en­rich­ing, and chal­leng­ing, all at the same time. As Realty+ crosses into an­other year, we re­cap­ture the mo­ments gone by and the small but steady steps taken by Realty+ in the past one year.

This last is­sue of 2018 is also rem­i­nis­cent of the jour­ney of real es­tate sec­tor through the year. With­stand­ing the usual ups and downs, realty sec­tor has come out stronger, more co­he­sive and trans­par­ent due to the struc­tural re­forms of the past grad­u­ally get­ting ac­cli­ma­tized within the sys­tem.

No doubt the year had been chal­leng­ing in terms of some un­favourable do­mes­tic pol­icy de­ci­sions, some crit­i­cal fi­nan­cial jolts, ad­verse global eco­nomic sce­nario and the con­tin­u­ing in­ven­tory over­hang across the cities. The un­cer­tainty due to the up­com­ing Gen­eral Elec­tions next year has been an­other rea­son for many buy­ers and in­vestors with­hold­ing their buy­ing res­o­lu­tions.

But, most im­por­tantly, I be­lieve the cus­tomer has fi­nally re­gained his po­si­tion as the king and de­vel­op­ers are align­ing their of­fer­ings as per cus­tomer’s re­quire­ments and ex­pec­ta­tions. On the bright side, pol­icy re­forms, fall­ing ru­pee and grow­ing pro­fes­sion­al­ism have made In­dian real es­tate at­trac­tive for NRIS and for­eign in­vestors. Do­mes­tic con­sump­tion too is steadily grow­ing given the “Af­ford­abil­ity” mantra be­ing fol­lowed by the builders.

We need to crit­i­cally look into the year that is about to end and an­a­lyse where we suc­ceeded & failed and where are we headed. The out­look for 2019 looks op­ti­mistic buoyed by the pos­i­tive con­sumer sen­ti­ment, in­dus­try con­sol­i­da­tion and mu­tu­ally ben­e­fi­cial joint ven­tures among de­vel­oper firms.

The gov­ern­ment at the cen­tre with pro­gres­sive ideas and the bet­ter­ment of macroe­co­nomic con­di­tions in the coun­try is what we all look for­ward to. I wish the next year brings much joy to the real es­tate sec­tor and many more suc­cesses to our read­ers.

Have a Pros­per­ous New Year!

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