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Real Estate - making India : Adapting Indian Real Estate to evolving avenues
November 2014 | Urban Development & Real Estate
The real estate industry in India is witnessing positive changes post the Lok Sabha elections this year. Realising the importance of cities to the economic performance of the country, urban development and housing form a key part of the new Government�s vision of a digitally evolved country.
FICCI-EY Indian Real Estate Report 2014 titled �Real estate � making India Adapting Indian real estate to evolving avenues� was released by Mr. Shankar Aggarwal, Secretary (Urban Development), Ministry of Urban Development, Govt. of India along with Mr. Shatrughna Singh, Additional Secretary, Department of Industrial Policy and Promotion (DIPP), Govt. of India on the occasion of FICCI�s 11th Annual Real Estate Summit 2014 on 13th November 2014 in Mumbai.
The report elaborates on the role played by real estate in India to achieve the goals set by the Government � be it establishment of smart cities or achieving housing for all. It also illustrates how our mega cities have been responding to the omnipresent demand for housing across income segments through extended development beyond their municipal boundaries. In addition, the report provides profiles of destinations that cater to this demand as well as of emerging trends in these.
Being capital-intensive, funding has emerged as one of the greatest challenges facing the real estate sector in recent times. The global economic crisis considerably reduced funding options available to developers, who have been looking for alternative sources of funding due to reduced deployment of gross bank credit to commercial real estate and housing from 10% in FY10 to 8.3% in FY14.
Policy reforms and a macro-government vision mark the start of a new era. In this report, we outline the role of real estate in the evolution of a new India. The report covers following subjects:
> Indian real estate : the year gone by
> New age funding for real estate
> REIT � the new investment vehicle in Indian real estate market
> Housing for all
> Mega cities: response to need for housing for all
> Real estate for smart cities
The report is available for purchase at a cost of Rs. 2500 per copy. Please contact FICCI Real Estate Division at housing@ficci.com or Tel Nos. 011-23765318, 23487394, 23487331
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