The year 2021 was a year of realty renaissance when the post-covid gains laid a strong foundation for high real estate growth in 2022. Supported by an improved economy and businesses and low-interest rates, real estate saw healthy demand in all the segments. Building on the post-covid gains in 2021, the last year witnessed a remarkable turnaround with historic growth in demand and supply. The market trends like rise of suburbs and tier 2-3 cities, plotted and mixed-use developments, revival of luxury housing and growth in flexible workspace and alternate asset classes shaped realty in 2022. And with all this, real estate emerged as a rejuvenated, responsible, and sustainable asset class.
It is in this promising backdrop that we present Torbit 2022, our yearly handbook on real estate, the third in a series of such publications to educate and empower various stakeholders of the industry including end-users. It is a valuable knowledge resource, a compilation of authoritative and enriched contributions by eminent real estate professionals and industry captains that provide rich insights into the journey of different asset classes during the year.
Every year our yearly book revolves around a focused theme of the year. This year’s theme – ‘Rejuvenated, Responsible & Sustainable Real Estate’ highlights how real estate emerged not only stronger but also as a responsible and sustainable asset class.
Torbit Realty 2022 which has a rich collection of curated articles, features the who’s who of the real estate sector. Under the Rejuvenated Realty Section, we bring out two very enlightening articles by industry stalwart Deepak Parekh, Chairman, HDFC on ‘Exponential growth of home loans’ and ‘ High potential for housing remains high’. Realty icons have traced and captured the transformative trends shaping the real estate landscape. Anuj Puri provides insights into the hottest residential markets while Manoj Gaur, President, Credai-NCR talks about great growth prospects of NCR real estate.
There are a host of insightful articles by industry bigwigs for the section on ‘Responsible Realty’ There is a contribution by Credai National President, Harsh Vardhan Patodia – ‘Developers need to replan their businesses’ highlighting how in the high-interest regime developers have to replan their businesses to ensure financial stability. On the similar lines, Suresh Singaravelu, ED & Retail Head, and Muhammad Ali, COO Retail, Prestige Estates talks about In a related article Sanjeev Kathuria dwells on how developers can navigate funding challenges. Shishir Baijal, Chairman, Knight Frank India talks about how supply-side reforms are ensuring timely delivery of homes Ashwinder R Singh, CEO- Residential, Bhartiya Urban Limited touches upon how stakeholders can now benefit from a healthy residential ecosystem.
Focusing on Sustainable Realty, Renu Sud Karnad, MD, HDFC Limited talks about the opportunities in affordable green finance… In a related article, Autif Sayeed, South Asia Lead for Green Buildings, International Finance Corporation, underlines how by adopting green practices, Indian residential real estate has become attractive for global funding…
Besides the three broad themes of rejuvenated, responsible, and sustainable realty, there are consumer/investor-friendly articles. Niranjan Hiranandani, Managing Director, Hiranandani Group and Vice Chairman, Naredco, writes on the significance of owning a home. Khair Ull Nissa Sheikh highlights how commercial developers are focusing on occupier-friendly projects. Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure and Tata Housing Development dwells on the investor-friendly real estate market. A number of miscellaneous articles further enrich our yearbook.
Besides providing a complete lowdown on the year gone by, Torbit 2022 handbook carries the opinion of top industry professionals about the performance of real estate last year and the outlook for the sector in 2023. As the market fundamentals continue to remain strong to hold a demand, improving economy and businesses, and favourable factors like rapid urbanization, infra push, rising aspirations, and long-term structural demand, the year 2023 holds great promise.
Happy reading & good tidings for 2023!