More than 90 per cent consolidation in Indian real estate at project-level; only a few (such as Indiabulls) consider exiting realty business altogether. After DeMo wiped out fly-by-night and many small developers, liquidity crisis led Big Boys to take up stuck or delayed projects. Preferred consolidation models include JVs, alliance, development management contract, land monetisation.
Never has there been more focus on the end users – even in Mumbai, which is the priciest real estate market in India – than in recent months, especially in light of the post-demonetisation reality and RERA.
Budget 2017 is a very good growth oriented budget. Infra status for affordable housing is an excellent move and is welcomed by all the developers. Increasing the limit of affordable housing to 30 and 60 m carpet in non-metro area is great and developers would request the Chief Minister to extend it further to metro areas as well.