RE-Imagine ! in association with Corporate Galaxy
Interactive Webinar Workshop on The Last Mile Funding – Real Estate
Revival and Beyond – PostCOVID19
With the sudden onset of the COVID19, the already beleagured Real Estate sector in the country found itself in a challenging situation yet again with sales revenues at all time lows, mounting project costs and project financing drying up.
The situation was all the more aggravated with the volatility in the capital markets and the banking sector assuming a zero risk stance.
While the Government of India and Reserve Bank of India have, during the last 5 months announced many measures for bringing relief to the Real Estate Sector – the ground situation continues to be grim. Real Estate Sales are firmly linked with the public sentiment and the buoyancy of the banks to lend on easy terms. With businesses struggling to maintain viable revenue streams, jobcuts are being effected to reduce the costs. The hope of reviving the real estate sector in such a situation is an impossible task. There is another aspect to it – a sluggish real estate sector spells disaster for all the sectors of the economy. In a country in which 63.67 million urban and rural households do not have adequate housing, a mounting inventory of finished and underconstruction projects indicate the locked capital. There is a dire need for the banks and financial sector to shed the bias against the real estate sector and a most myopic stance.
The Indian Real Sector despite being the earning engine for the banks and financial institutions, has been stigmatised by a sensational media which has always found it easy to club – fly by night operators with established Real Estate companies and perpetrate a climate of distrust.
Its time for the Banks and Financial institutions to take a hard look at the Real Estate sector and take ownership of the current state of affairs. The sector finds itself non-viable now thanks to the abandonment by the banks.
There is a need for the banks and financial instituions to unveil a series of packages to resolve the real estate projects on a case to case basis with the active cooperation of the realtors, customers and local bodies. The institution of RERA can only be justified if it brings the much needed relief to the customer not at the cost of the builders and the industry but with the industry.
The strategy of one-shoe-fits-all will not help in bringing relief to the sector and in tun to the banks themselves. The total exposure of banks and financial institutions to real estate India is such that any further delay and demolition of rates will turn the economy into shambles and ruin. When the Real Estate bubble will burst the banks will be the first to go bust !
Come join us as we explore the possible solutions and workarounds with our panel of experts from the Real Estate sector.
Methodology : Expert presentations with interactions.
The Webinar Workshop is intended for Promoter Directors, CFOs and Heads of Finance of Real Estate companies.
- Unlocking the value of India through unlocking the value of Real Estate. RE-Imagining the value chain – creating employments and fuelling growth.
- Residential Real Estate Sector – A case of demand & supply mismatch or a contracting economy ?
- The role of the banking and financing institutions in restoring the sector and economy.
- The new realities and opportunities for Real Estate #postcovid19
- Steps for revival and growth