Emergence of professionally-run realty firms
The decision of the Securities and Exchange Board of India (SEBI) to approve the Real Estate Investment Trust (REIT) platform is facilitating investment in the Indian real estate market. It is estimated that this would create an opportunity worth Rs…

The decision of the Securities and Exchange Board of India (SEBI) to approve the Real Estate Investment Trust (REIT) platform is facilitating investment in the Indian real estate market. It is estimated that this would create an opportunity worth Rs 1.25 trillion in the Indian market over the years.

Despite the current slump in the market, the establishment of REIT has kindled new hopes among Indian real estate developers who have now accepted the emerging trends in the market.

It is reported that the most significant shift in the business strategies of property developers is a change in the perception among buyers towards family owned businesses and a rising interest in professionally managed real estate companies.

Real estate developers, in meeting the growing need for managing multiple projects across cities, are also investing in centralised processes to source material and organise manpower and hiring qualified professionals in areas like project management, architecture and engineering.

Adding to the lustre to business is the growing flow of FDI into Indian real estate which analysts say is encouraging increased transparency. Developers, in order to attract funding, have also revamped their accounting and management systems to meet due diligence standards.

Getamber Anand, an aeronautical engineer by training and a first-generation real estate developer,   built his professionally-run company ATS Infrastructure Ltd in the National Capital Region (NCR).

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