GOAL WITHOUT A PLAN IS JUST A WISH
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!