- To begin with, please share your thoughts on current real estate scenario?
2015, has been a year of consolidation for the sector. The focus has on execution and deliveries will show results in the coming year or two. The commercial sector has been heating up and that is a good sign for the realty sector as a whole. Some micro markets have started showing some signs of revival which means that the slow down has more or less ebbed and we could see volume upsurges coming though in select markets.
- In your assessment when will things start to pick in full pace?
Duplication with question 5
- Tell us about some of your project taking place in different parts of India?
We have 2 projects under construction in Bengaluru; which are high end developments located in prime areas of Mumbai. Apart from that our first residential project in Mumbai will be launched in Apr 2016.
- How has the revenue mix been so far in recent times?
We are a new company and currently focussed on residential asset class. Over the next few years, as we stabilise our future revenue potential we will start working with our investors to build up a commercial & Retail (Annuity) portfolio.
- What is in store for near future – Expectation from 2016?
At macro level, this is going be another year of consolidation for the sector, with the commercial market continuing to rule the roost, a lot of opportunity lies on the raw material (land side) specially as maturity sets in, with existing land owners, developers with excess land etc. Rather than carrying debt, developers have started not only lightening their load but also working with more nimble footed and financially favoured developer to launch projects and hence spread their risk and improve cash flows. This trend will continue thru the 2016 calender year. I see residential volumes improving towards the end of the year though in very select markets. Capital in its abundance and availability is going to get cheaper across the board, hence expensive capital will have to start taking equity risks.