Dr V P Lobo Adv Harshul Savla

Reality of Realty Dr V P Lobo Adv Harshul Savla

Real Estate contributes about 8% to India's GDP, is the second largest employer and employs about 250+ ancillary industries. Real Estate Developers have gone through almost half a dozen growth impediments in last 6 years:

RERA

GST

Demonetization

NBFC & HFC Crisis

IBC/NCLT and finally now

COVID 19

The resilience of the developer has been tested many times in the last 6 years

Total Organised Debt of India's Real Estate Sector is about USD 93 Bn

Off which 40% or about USD 37 Bn is in Stress (about 3 lakh crores)

COVID19 Impact: Indian real estate's estimated loss over Rs 1 lakh crore so far!!

Developer has taken these all in its stride and absorbed all these factors in its cost price without being able to increase sales price, all of this at the cost of margins which have shrunken to single digits and in some cases unviable projects! Real Estate Developer is the Goose which lays Golden Eggs for both the Central and State Government, unfortunately the Goose is at risk of its survival. This book seeks to explain all the real estate stakeholders and layman facts about the Sector, demystify myths, highlight challenges faced and at the same time proposes Strategies which can help the Sector prosper