A Year of Realty Renaissance
Torbit 2021 – The Second Edition Real Estate Book that tells you about the revival of the real estate business. In the year 2020, we were caught completely unaware by the covid pandemic, causing big setbacks to businesses and the economy and real estate was no exception. However, the year gave us great learnings in terms of making our businesses shockproof to face massive disruptions like the pandemic. It taught us to quickly adapt to new situations, ensuring the continuity of business operations. Torbit 2020, our maiden and valuable guide for industry stakeholders, captured these turbulent times, giving rich insights into various facets of real estate by leading industry experts.
The dawn of 2021 brought new hope for the revival of businesses including real estate. But these hopes were dashed after the first quarter when the deadliest second wave of Corona dealt a devastating blow. But the lessons learnt from the first wave of Corona in 2020, came in handy to cope with this catastrophe. And real estate showed great resilience to not just quickly come out of the crisis but also made a remarkable recovery. Particularly, residential real estate registered a record growth, matching the pre-covid levels in 2019.
The solid gains made by real estate in 2021, have laid a strong foundation for high growth in 2022, supported by the improving economy and businesses and the revival of the market sentiment and confidence of property buyers and investors. In this promising background, we present our yearly handbook- Torbit 2021. It is a part of our larger platform – Torbit Consulting, a mission to educate and empower various stakeholders of the industry on both the demand and supply side including property consumers. This valuable knowledge resource provides rich insights into residential, commercial and emerging asset classes of real estate through a series of stimulating and enriching articles. It also serves as a guide for the stakeholders, especially property buyers.
Torbit 2022 is a collection of authoritative, authentic and analytical articles by well-known industry professionals, capturing the journey of the real estate sector in 2021, and the road ahead in 2022. Deepak Parekh, industry veteran and chairman of HDFC Limited writes about housing and real estate heading for the best of times. Real estate icons Niranjan Hiranandani, MD, Hiranandani Group and Vice Chairman, NAREDCO and Ramesh Nair, CEO India & MD, Market Development, Asia, Colliers, talk about the investment opportunity in real estate. Mudassar Zaidi, ED, North, Knight Frank India, writes about the much-needed tool of authentic data and transparency to drive real estate while Ash winder R Singh, former CEO, Residential, JLL India and presently CEO-Residential, Bhartiya Urban dwells on the distorted understanding of internet in real estate. Suresh Singaravelu talks about reinventing retail real estate in post-covid times.
Post-covid, technology has made big strides in real estate. The book features a number of articles on this key aspect. These include Technology in Real Estate; Make or Break Paradigm, Indispensability of Technology Post-Covid, Construction Technology in Reshaping Real Estate, Post-Covid Scope in Digital Marketing, and Data Caners- Fuel that will fire Commercial Real Estate. Then, there are a series of knowledge articles for the supply-side stakeholders. These include the Role of Construction Management, Lease Process of Commercial Real Estate, Facility Management-Pillar of Real Estate Business, Real Estate Needs Transformation from Owner to Corporate Governed Business, Need for Ethical Real Estate, making an Exemplary Marketer, C-Cube Mantra for Success, Perspective on Luxury Living, the book features a number of useful articles for the guidance of property buyers/consumers.