"It was a wonderful experience interacting with you and appreciate the way you have planned and executed the whole publication process within the agreed timelines.”
Subrat SaurabhAuthor of Kuch Woh Pal
Real Estate contributes about 8% to India’s GDP, is the second largest employer and employs about 250+ ancillary industries. Real Estate Developers have gone through almost half a dozen growth impediments in last 6 years:
RERA
GST
Demonetization
NBFC & HFC Crisis
IBC/NCLT and finally now
COVID 19
The resilience of the developer has been tested many times in the last 6 years
Total Organised Debt of India’s Real Estate Sector is about USD 93 Bn
Off which 40% or about USD 37 Bn is in Stress (about 3 lakh crores)
COVID19 Impact: Indian real estate’s estimated loss over Rs 1 lakh crore so far!!
Developer has taken these all in its stride and absorbed all these factors in its cost price without being able to increase sales price, all of this at the cost of margins which have shrunken to single digits and in some cases unviable projects! Real Estate Developer is the Goose which lays Golden Eggs for both the Central and State Government, unfortunately the Goose is at risk of its survival. This book seeks to explain all the real estate stakeholders and layman facts about the Sector, demystify myths, highlight challenges faced and at the same time proposes Strategies which can help the Sector prosper.
Dr. Adv. Harshul Savla, V.P. Lobo
Dr. Adv. Harshul Savla
Dr. Adv. Harshul Savla (MRICS) is Principal Partner of M Realty (Suvidha Lifespaces) which has successfully completed more than 1.2 million sq.ft. in last 30 years across Mumbai City under the able leadership of Mr. Pramesh Rambhiya. CRISIL India recognized Dr. Harshul as “Young Thought Leader” and Realty NXT featured him as “Young Turk of Real Estate Sector”. He has won the prestigious CREDAI-MCHI Golden Pillar Award in the category of Best Debutant Real Estate Developer and has been awarded “Young Achiever of the Year” by ET NOW, CNN News 18, ZEE Business, MAHARASHTRA Times, ABP News, MID DAY and Realty Quarter.
V.P. Lobo
V. P. Lobo is Post Graduate in Business Management with 23 years of Real Estate industry experience. He has held various senior management positions in large construction companies such as CEO of Rustomjee-Evershine joint venture company, Director- Operations of Agarwal Group, Vice President of Marg Limited. Presently, he is the Chairman & Managing Director of T3 Urban Developers Ltd. and Managing Partner of Reboot Realty.
