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International property consultancy Jones Lang LaSalle India (JLL) has
released its report on 'Emerging investment hotspots - Mining
opportunities from the complex real estate terrain of India' at the CII
Real Estate Conclave 2013. As a knowledge partner for the conclave, JLL
India designed this report to conform with the event's theme - Embracing
the complexity of Indian real estate: Adopting a pragmatic approach for
2013 and beyond.Speaking about the report, Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, said: "India has its own unique and integral complexities, and doing business here is no exception to this fact. Corporations strive for increased efficiency and productivity amidst these complexities - and real estate is an integral ingredient in the formation and growth of all businesses. On the flip-side of the real estate sector’s inherent uncertainties are the opportunities created by them in the real estate sector. Investors stand to capitalize significantly from these opportunities. However, in such an environment of uncertainty, returns through capital appreciation and security of the invested capital are obviously prime concerns. The pertinent question of where to invest needs to be answered. This report seeks to do just that."
The performance of the real estate sector depends largely on the performance of the economy and the businesses in specific. Decision-makers have been in a state of indeterminacy, given the fabric and structure of how the country operates. The recently approved Real Estate Regulatory Bill is an important initiative by the Government to address the concerns of real estate sector. The Land Acquisition and Rehabilitation and Resettlement Bill, which is yet to be approved, is another step aimed at regulating the real estate sector. However, information asymmetries and laxity in disclosure norms need to be addressed for this sector to achieve its optimum potential in terms of development and investments. While the real estate sector is moving ahead slowly and steadily, inaction and policy paralysis has so hampered full-fledged growth.International property consultancy Jones Lang LaSalle India (JLL) has released its report on 'Emerging investment hotspots - Mining opportunities from the complex real estate terrain of India' at the CII Real Estate Conclave 2013. As a knowledge partner for the conclave, JLL India designed this report to conform with the event's theme - Embracing the complexity of Indian real estate: Adopting a pragmatic approach for 2013 and beyond.
Speaking about the report, Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, said: "India has its own unique and integral complexities, and doing business here is no exception to this fact. Corporations strive for increased efficiency and productivity amidst these complexities - and real estate is an integral ingredient in the formation and growth of all businesses. On the flip-side of the real estate sector’s inherent uncertainties are the opportunities created by them in the real estate sector. Investors stand to capitalize significantly from these opportunities. However, in such an environment of uncertainty, returns through capital appreciation and security of the invested capital are obviously prime concerns. The pertinent question of where to invest needs to be answered. This report seeks to do just that."
The performance of the real estate sector depends largely on the performance of the economy and the businesses in specific. Decision-makers have been in a state of indeterminacy, given the fabric and structure of how the country operates. The recently approved Real Estate Regulatory Bill is an important initiative by the Government to address the concerns of real estate sector. The Land Acquisition and Rehabilitation and Resettlement Bill, which is yet to be approved, is another step aimed at regulating the real estate sector. However, information asymmetries and laxity in disclosure norms need to be addressed for this sector to achieve its optimum potential in terms of development and investments. While the real estate sector is moving ahead slowly and steadily, inaction and policy paralysis has so hampered full-fledged growth.
SOURCE:http://www.indiaretailing.com/news.aspx?topic=1&Id=7057