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Torbit Voices

Torbit - April 01, 2023 - - 0 |
Torbit voice

Gaurav Pandey, MD & chief Executive , Godrej Properties 

Post-pandemic, consumer preference has shifted towards home ownership and a secured gated environment, offering multiple functional spaces and sustainable living.

Pavitra Shankar , MD, Brigade Enterprises

The industry has consolidated substantially with some markets seeing 605 or more of players exiting the business. The market share of those developers who could withstand the shocks to the system, access capital and deliver quality product on time , increased substantially

Aakash Ohri, Group ED and CBO DLF Limited

We believe there is a latent demand for a DLF product as we are entering the Gurgaon market with a group housing project after 10 years.

Renu Sud Karnad , MD HDFC

For a country like India, there is tremendous potential for growth as the penetration level of mortgages is extremely low as compared to other countries. The mortgage to GDP ratio in India is 115 compared to 20-305 in most East Asian economies, 68% in the UK and 52% in the US.

Anuj Ranjan, President PE, Brookfield

We are well positioned to capture a significant part of growth in India going forward, both through greenfield development and opportunistic M&A.

Andrew Mcdonald, President, Cushman & Wakefield

India is now seen as a more mature and inevitable commercial real estate market with an average fund flow of about $5 billion per year which has led to increased confidence among institutional investors.

Dhruv Agarwala , Group CEO, Housing.com, PropTiger.Com, Makaan.Com

The demand for housing is likely to remain strong in the top micro markets and we are seeing a lot of potential in Tier 2 cities where online property searches for apartments are growing at a faster pace than for independent homes. This presents a significant opportunity for developers and real estate agents to cater to the needs of home buyers in these cities.

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