The virtual panel discussion with the real estate stalwarts, held along the CONSTRUCTION WORLD Architect and Builder Awards this year, uncovered hard facts, and estimates on where the sector is heading towards amid the pandemic.
While 2018 has seen the teething problems of RERA and GST fast settling, which has also resulted in to substantial growth in new launches; India's leading builders see a positive impact of the reforms with growth prospects across sectors.
Comparing regions, there is not much difference in perception in terms of what buyers want. Kolkata as a city is unique in its way. There are different perceptions about the market. While some look at it as a slow market, I personally see movement in the present day.
Between the environment exterior to a building and the interior environment lies the Façade. 'The first and most important function of the Façade is to act as a filter between the inside and outside environment,' says Manit Rastogi, Founder Partner, Morphogenesis.
India is primarily an end-user market for the real estate sector. Although demand remains largely consistent, property sales volumes fluctuate on the basis of market influencers such as project pricing, end-user affordability, and macro-economic dynamics.