It has been a year of promises but little implementation, says former Finance Minister P Chidambaram, asking hard questions of the Modi government in a no-holds-barred interview
Realty funds are making significant investments in an industry in distress. But what happens if sales don't pick up?
Godrej Properties MD Pirojsha Godrej emphasises on the need to provide quality products to create a distinct identity in the market
Property dealers who have delivered reliable products continue to have good demand in the market, says Lodha Group MD Abhishek Lodha
With 64 companies and 38,000 employees, the 1,500-acre Mahindra World City near Chennai has silenced its critics
Statistics that give a better picture of the real estate sector
Take a crowded market, depressed sales and high-involvement products, and the formula is self-evident. The days of commodity selling in real estate are over: Buyers are seeking credible, quality names. Consider that brands today account for 50 percent of total residential sales and the worm is only going to climb up
Ajay Macaden, executive director of Nielsen India, says competition has forced developers to take branding seriously and brought differentiation into play
However, quality and delivery on time help in building image, believes Joydeep Bhattacharya, head, consumer products and retail practice, Bain India
The measures introduced will bring accountability and transparency to the industry, and developers will have to walk the talk with customers