The roundtable discussion, organised by CW, revolved around factors that set these workplaces apart; the roles that design and technology play in the quest to smarten up and get sharp; and their impact on productivity and performance.
The ongoing Non-Banking Financial Companies’ (NBFC) cash crunch can hit close to home as it could have a cascading impact on the somewhat improving residential real sector. This is primarily because for last few years, developers had been availing term loans from NBFCs and Housing Finance Companies (HFCs) and any turmoil in the latter is bound to impact the Indian realty industry.
2017 was a bad year for Indian realty. Launches dulled as the industry reeled under the impact of demonetisation and the newly introduced Real Estate (Regulation and Development) Act (RERA) and Goods and Service Tax (GST).
The silver lining for residential property buyers was the June 2018 amendment of the Insolvency & Bankruptcy Code (IBC), 2016, which classified home buyers as financial creditors as opposed to their previous operational creditors status.