Ecosystem of Indian Real Estate Industry

Ecosystem of Indian Real Estate Industry

After global Financial Crisis Indian Real Estate industry has recovered to the greater extent to accommodate all the stakeholders of the industry in the comfortable situation to take industry to the newer level of stabilization. The typical real estate ecosystem comprises of different stakeholders that includes the builders and property developers, architects, government/regulatory, authorities, banks, private equity players, funding agencies, buyers, brokers and property consultants.

The dynamics in India’s real estate ecosystem is driven by ‘Extrinsic’ and ‘intrinsic’ factors. Extrinsic factors are those which impact the dynamics from outside the real estate ecosystem, the intrinsic factors are those which impact the dynamics of the ecosystem with in industry.

Ecosystem of Indian Real Estate Industry

Affordability                                                                                            

Property availability for all entire demand pyramid of real estate industry is very crucial for the crucial and sustainability.

Transparency

Improving transparency to ensure better quality products and services. Synergise efforts towards a transparent system and harvest collective benefits.

Imageability

Being responsible towards environment – through resource optimization to achieve sustainable goals. Green initiatives from green leases to green homes

Professionalism

Establish unique imageability to compete as global destinations. Revitalize city centres and imageability of prime locations.

Investment

Drive investment – a key externality that cuts across all the other extrinsic factors. Enact practical REIT and REMF regulations to make real estate an investable asset class, enhance sources of funding to real estate developers.

Regulation

 Create a business friendly ecosystem to facilitate fair play and encourage industry stakeholders

Land

Streamline the procurement of land assets to reduce barriers of entry for new players.Formulate policies and framework with emphasis on transparent transaction processes.

Infrastructure

Inclusive growth is the need of the our for sustained growth of the Industry. Adopting global best practices customized to the local needs.

Technology and Innovation

Innovate to benchmark real estate developments to global standards. Use information technology extensively for planning in real estate.