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Views On News

Real estate prices may crash up to 20% post Covid-19: Deepak Parekh
Real estate prices may crash up to 20% post Covid-19: Deepak Parekh

Deepak Parekh Sahab is an institution in himself and most of the top developers in this country have at one point or the other taken guidance from him. The Govt, The Regulator RBI all consider him as top professional and intellectual in Real Estate Industry so far as Housing Finance is concerned.

India expected to grow 1.9%, global eco to contract: IMF
India expected to grow 1.9%, global eco to contract: IMF

Views on News

While Ms Gita Gopinath has forecasted a 3 % contraction for the world growth India is still poised to grow 1.9 % which is silver lining in the cloud. Various institutions have forecasted different numbers for India starting from 0 % to 2.8 % to 4 % , the good thing is that all see growth though it is at a multi decade low.

Rent – yielding Assets may No Longer be the Cash Cow for the Realty Cos
Rent – yielding Assets may No Longer be the Cash Cow for the Realty Cos

Sir, l DO NOT AGREE WITH YOUR FINDINGS AT ALL and see them as a knee jerk reaction to the prevailing circumstances where the industry is going through pain because of the unprecedented pandemic. Let me take you back into the calendar year 2019 – Commercial office space absorption was at an all-time high of about 47 million sqr ft. Year 2020 also started on a bullish note but we are hurdled by this disruption which has forced us to follow WORK FROM HOME.

 

WORK FROM HOME doesn’t augur well with IT/ITeS for:

  1. High-Speed Internet – Broadband is still not available at all homes
  2. Data Protection – the multinationals and other corporates cannot risk data leakage
  3. We cannot create all support infrastructure like Printers, Plotters and other tools required for day – to – day operations
  4. Operational hurdles – the workforce is in middle ages and live in small apartments in metros in 1-1/2 or 2-bedroom apartments which are used by the couple and small children. Too much disturbance and distraction for concentrated work. The time zone of work is also different which causes inconvenience for other members of the family. In short, there is no work atmosphere at home
  5. Logistical Problems – The Servers and other hardware need to be well protected in office.
SHORT TERM – LONG TERM MEASURE TO REVIVE REALTY
SHORT TERM – LONG TERM MEASURE TO REVIVE REALTY

Views On News

I completely agree with Mr. Nitin Gadkari(Road, Transport, Highway Minister Govt Of India) strategy and suggestion of selling unsold units at no-profit-no-loss basis so as to save interest and boost liquidity to tide over the current crisis and also to kick start construction so as to bring the industry back on wheels.

Honorable Minister also suggested a slew of measure to overcome the pandemic viz

  • Business Expansion In Rural Areas(houses less than 10Lacs)
  • Diversification in Road Construction
  • Setting up of own Housing Finance Companies.
What will bring OPTIMISM to Real Estate Industry
What will bring OPTIMISM to Real Estate Industry

My Views On News

The RBI has been reducing Repo Rate for quite some time now (5-6 downward revision of repo rates has already happened) but there is no uptick in demand and there is no optimism in the market which is visible. Sharing 3 important observations which could lead towards corrective action in demand recovery in Real Estate.

Deepak Parekh backs RBI moratorium, calls for real estate loan restructuring
Deepak Parekh backs RBI moratorium, calls for real estate loan restructuring

My Views on News

Respected Deepak Parekh Sahab. The industry is genuinely grateful to you for supporting our much-sorted need of "One Time Restructuring of Loans." With Industry leaders like your good-self joining our chorus of appeal to RBI, I am sure our voice will be better heard. We (Real Estate Developers), together with you, will be able to convince the regulator to decide in our favor.