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Editor’s Note

palash_royRealty & More is not just another magazine on real estate. Its offering will be wide-ranging and holistic. It will bring to your table exclusive news and analysis of policy, and an intimate look into the state of the real estate sector.

Construction activity is the biggest contributor to the GDP (Gross Domestic Product) of the nation with the real estate sector contributing 6.5%. In monetary terms, it is expected to touch Rupees One Lakh Crore by 2020. It is the fourth largest industry of our country in terms of FDI (Foreign Direct Investment) inflows. Also it is the second largest employment-generating sector. Nor does the story end here. Till 2014 the demand is expected to grow at a CAGR (compound annual growth rate) of 19%. Of this, 40% is expected to come from the 4 metros. Yet, Real Estate in India is yet to get the status of an industry!!! There is no regulator for the sector yet!!!

Industry status and a strong and independent regulator will be a blessing for all. These measures will not only ensure checks and balances at various levels, but will also boost foreign investment into the sector, and create numerous employment opportunities. Realty & More is positioned for rich and interactive content. It will help take ‘informed decisions’. Informed decisions by all – buyers, developers, agents, ancillary industries, etc. It would be a guide – guide for the shoppers – those who look forward to shop a home, to shop home decors, to shop a home loan, to shop a insurance product, to hedge home loan, etc.

There will be depiction and analysis of the sector’s trends, property rates, home loan rates, reviews of residential and commercial projects, builders’ profile, and many more.. Realty & More will also include monthly performance of listed real estate companies on the bourses, views of brokerage houses on listed realty players.

In our forthcoming issues, we will also go in-depth in our quest for solutions for the sector as well as question the step-brotherly attitude by successive governments. Information, knowledge, issues of research and policy would be our guiding mantras.In the inaugural issue of Realty & More, we bring for you an exclusive interview with Union minister for housing Smt Girija Vyas, where, underscoring the need for affordable housing, she says her priority would be ‘housing for all’. She further adds on the imperative need for a more active and pro-people grievance
mechanism. In this issue, we are also incorporating a holistic view on The State Of The Real Estate’ and what the stalwarts of the industry have to say? Enjoy reading!!!

 

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