Sanjay Dutt MD, South Asia of Cushman Weikfield makes a few interesting and relevant points on Indian Realty
The affordable model in Indian Realty is totally abandoned
Indian developers are not aligned with the needs of India and Indians
Most developers believed access to land banks was a competitive advantage
Went on a building spree creating a string of unviable projects
For residential projects credibility, saleability and viability are key prerequisites
PE players have come a long way, they are no longer looking for return on investment but return of their investment.
Affordable model is totally abandoned because there is a fundamental infrastructure and structural problem.