The Real Estate Challenge

Real estate could not have been at a worse spot. Cyclically it followed a course of booms and troughs, but now the COVID-19 or Coronavirus pandemic has been a multi whammy of sorts. There is unsold inventory yet to be taken off the shelves, there is an issue of project delays , there are over leveraged balance sheets, and there is a whole rising stock of affordable housing. Furthermore, the commercial real estate area is facing the worst onslaught of COVID-19 with malls, theatres, offices, under lockdown and the prospects of attracting footfalls seems a pipedream. Real estate was suffering even before COVID-19 and a rescue package had been announced for unfinished projects. How has that turned out? Interest rates have been brought down over the last few RBI policy meets, how have they improved the scenario? Commercial and retail spaces were doing better than residential with the exception of affordable? For normalcy to resume we ought to have the vaccine. Until then, social distancing mandates that small groups are safer. How can spaces reinvent itself? Will city planning now undertake to accommodate medical emergencies, isolation wards, etc? How does RERA need to reinvent itself? Is real estate pricing a victim of the Ready Reckoner provisions and collateral valuations? With an unsold inventory and a need for a reworked pricing due to changed realities, how will the future pan out?To get you answers to all this and more, Construction World is announcing a webinar on ‘The Real Estate Challenge’ powered by JSW Cement . Details: Date: Tuesday, April 14 Time: 10:50 am - 12:00 pm Topic: The Real Estate Challenge Presented by: JSW Cement Presenter: Pratap Padode, Editor-in-Chief, Construction World and President, FIRST Construction Council. Guest panellists: MR Jaishankar, Chairman & Managing Director, Brigade Group Sangeeta Prasad, Managing Director & CEO, Mahindra Lifespaces Ramesh Nair, CEO & Country Head, JLL India Click here to register for the Free WebinarAlso check our webinar on ‘The Architect Challenge’ here.  Also check our webinar on ‘Infrastructure: National Infrastructure Pipeline – the Rs 102 trillion opportunity’ here.  View our complete webinar calendar and previous webinars here