Leading real estate developer Assotech Realty
Pvt Limited made its presence felt at an intensely engaging real
estate knowledge sharing session organised at Noida. The real estate entity
keenly participated in the event and articulated its views on the conclave
theme ‘Commercial Real Estate, Affordable Housing and Luxury Housing - The
Changing Dynamics’. Discerning participants and spectators at the event
immensely gained from the perspective contributed by Assotech Realty
to the pertinent issues confronting the real estate sector in India.
UP RERA Chairman Mr. Rajive Kumar was the Chief
Guest at the event attended by prominent developers, IPCs and DPCs from across
the country in large numbers. Industry captain Mr. Neeraj Gulati,
MD, Assotech Realty while participating in the knowledge
sharing session took a holistic view of the prevailing issues in real estate
sector and suggested ways to pull the industry out of the long prevailing
slump.
Speaking on the occasion, Mr. Neeraj
Gulati, MD, Assotech Realty said, “Real Estate
markets across the country have already started showing steady signs of revival
leading to a widespread optimism. Still due to economic slowdown and long
prevailing slump the investors are shying away from investing in real estate.
However, such a scenario has turned out to be a blessing in disguise for the
end-users. They are conveniently being able to grab their choicest properties
in affordable luxury segment as the prices have almost bottomed out.”
Mr. Salil Kumar, Director, Assotech Realty added, “While the government has already
come out to support the homebuyers in terms of offering more credit support for
the purchase of homes, the consumption in real estate sector is set to rise. We
are confident there will be a sure shot revival in demand in the coming months
and the real estate sector will soon bounce back on high growth trajectory. The
only point of concern is that high borrowing cost has continued to pinch both
the homebuyers as well as the developers.”
Apart from the industry leaders, the event
christened as R&M podium also witnessed thought leaders, industry
stakeholders, besides keen viewers from all the segments of the industry.
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