Thursday, 26 October 2017

Real Estate Industry Redefined

Real Estate Industry Redefined

The last two years have proven to be immensely eventful for the real estate industry of the country. So far the Government of India has enforced significant implementations like Demonetization, Benami Transaction Act, the Real Estate Regulations and Development Act (RERA), and Goods and Services Tax (GST).  These initiatives, when combined together, will magnify the growth of real estate sector in the long run.

Here are a few factors that consolidate towards redefining the real estate industry:

1. Investments of the future:
This ongoing transformation has given rise to investment inflow from both foreign and domestic institutional investors. As per syndicated reports, the Indian property market has received $3.15 billion from various investors in the first half of the current year. The expected launch of Real Estate Investment Trust (REIT) is supposed to act as a transparent process designed to generate funds from a lot of investors. REITs are predicted to act as a catalyst for increase in future real estate investments.

2. Infrastructure development :
India’s booming economy has attracted not only domestic but a manifold of foreign investors too. Since the Government of India liberalized the norms on Foreign Direct Investment (FDI), the construction sector has seen a massive growth in investments from around the world. This has doubled the funding in infrastructure development from ₹9,850 crore per annum. Also, the World Investment Report of 2016 claims an FDI investment of $ 5.7 billion in real estate.

3. Housing sector boom:
The Pradhan Mantri Awaas Yojana initiative by the Prime Minister raised its rural fund allocation from ₹15,000 crore to ₹23,000 crore, to ensure the completion of 10 million home projects by 2017-18. We are now looking at $1.3 trillion housing boom and with the timely implementation of the Goods and Services Tax (GST), there is uniformity in taxation on housing. Implementation if carried out well will ensure that various federal tax barriers are removed and a common market is created helping improve supply chain. To summarize, 60 million new houses and 2 million job opportunities are predicted by only 2018, thus boosting the nation’s overall GDP.

Given the future road map it is pertinent to say that the Indian real estate sector will only emerge stronger, healthier and is poised for sustained growth. These initiatives are stepping stones for the overall development which will redefine the real estate sector.

Sunday, 8 October 2017

The Blueprint to Success

“Success is about liking yourself, liking what you do and liking how you do it.” – Maya Angelou.

Here are a few habits which I have followed throughout my professional career and I believe they might help you too:

1. Organize Yourself -

Getting organized is one of the most underrated skills in any form of work. Due to my architectural background, I deem it necessary for things to have a particular structure. An organised structure in life lets you focus on the most important plans. You could start with something as basic as organising your weekly calendar, and see how it helps you organise your career.

2. Stay Connected -

Stay connected to your employees and always be approachable for a healthy functioning of the organisation. It is essential to delegate the day to day running of your organisation to your trusted employees. Focusing on the bigger things is necessary, but at the same time, while focusing on the bigger picture it is a prerequisite that you stay updated on the day to day functioning of your company. 

3. Gain Knowledge by Reading -

Reading is vital, but not just to keep you on track with regards to constant innovations, the new laws, and other recent developments in the field. Reading goes a long way in cultivating a commendable intellect. Advancement through learning is the most important habit required to achieve growth.

4. Do Not Limit Yourself  -

Most people are shackled by restrictive beliefs and self-imposed limitations. Growth can be limitless. But belief in your own ability and cultivating discipline in your work is what gets the job done. It is what helps to reach new milestones.

5.   Make Wise Decisions -

Success is all about making the right choices. You have to be confident in the decisions you take and ask all the right questions to avoid roadblocks to your success. With experience, it will become all about making the choice that will yield the best result.

In conclusion I would like to say that there is no substitute to hard work & perseverance. It’s important to work hard daily if you want to see these habits make a positive impact. Do not let the vast landscape of the future scare you. Only habitual and tireless efforts will propel you to the summit of success.