22/06/2013
Understanding complexities in real estate is key to growth
PUNE: To discuss the complexity in the real estate industry, Confederation of Indian Industry (CII), organized its flagship 'CII Real Estate Conclave' with the theme 'Embracing the Complexity of Indian Real Estate', recently.
"Construction is complicated. Demand is complex with a lot of speculative short term investors, long term investor, rental markets and genuine actual users. Financial markets are complex while transactions are complicated. You have to look at the system in parts and at the same time you have to look at the whole because solving problems of the parts cannot necessarily solve the problem of the whole," said Firdose Vandrevala, chairman, CII national committee on real estate and housing.
CII and international property consultancy Jones Lang LaSalle India, in partnership released its report 'Emerging Investment Hotspots - Mining Opportunities From the Complex Real Estate Terrain of India' at the summit. Jones Lang LaSalle India, as knowledge partner for the summit, designed this report to dovetail with the event's theme - Embracing the Complexity of Indian Real Estate: Adopting a Pragmatic Approach for 2013 and Beyond.
Anuj Puri, chairman CII real estate conclave and chairman and country head, Jones Lang LaSalle India said, "India has its own unique and integral complexities, and doing business here is no exception to this fact. Corporations strive for increased efficiency and productivity amidst these complexities - and real estate is an integral ingredient in the formation and growth of all businesses. On the flip-side of the real estate sector's inherent uncertainties are the opportunities created by them in the real estate sector. Investors stand to capitalize significantly from these opportunities. However, in such an environment of uncertainty, returns through capital appreciation and security of the invested capital are obviously prime concerns. The pertinent question of where to invest needs to be answered. This report seeks to do just that."
To discuss the complexity in the real estate industry, Confederation of Indian Industry (CII), organized its flagship ‘CII Real Estate Conclave’ with the theme ‘Embracing the Complexity of Indian Real Estate’, recently.
