Feb 26, 2013, 06.56 PM IST
The past few budgets have not seen much by way of announcements directly benefiting the real estate sector.
Indiareit Fund Advisors
1. What is your wish list for forthcoming Budget?
We see 2014 as being a turning point for the real estate industry. Whilst some sectors and markets have suffered on account of lack of liquidity, slowdown in sales and delays in projects, there are specific pockets of opportunity for capital providers like ourselves. We are subjecting ourselves to an extremely rigorous underwriting discipline in identifying new investment opportunities. Government Policy intervention is required, however, to put the industry as a whole back on the growth trajectory. Our sector (private equity) plays the role of ‘enabling growth’ in real estate and coherent measures to enhance the overall liquidity in the system; rationalize the sanction and approval process and facilitate end user demand would only help the industry and all the representative participants, be it end users, developers, investors, banks, and private equity funds.
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