The pace of real estate development in Chennai is now beginning to tell on the market. One key issue is the decreasing availability of facilities required for modern living – chief among these being the shortage of parking space.
Today’s CRE leaders are transforming into multi-skilled professionals in order to respond to these pressures. Status quo is no longer an option.
Developers will be under pressure to reduce their debt-to-equity ratios. Fundraising through the QIP route will reduce, and we are going to see a decrease in real estate IPOs.
Over the last 15 years, the face of Delhi real estate has changed visibly. Standalone houses have gradually been giving way to cooperative housing societies, private developer apartments and independent designer floors. In commercial real estate, sprawling business hubs have developed at a fair distance from the traditional city centre, Connaught Place.