News Room

Dr. Sanjay Runwal
Dr. Sanjay Runwal

The Indian real estate market is expected to touch US$ 180 billion by 2020. The housing sector alone contributes 5-6 per cent to the country's Gross Domestic Product (GDP). The private equity investments in Indian real estate increased 26 per cent to a nine-year high of nearly Rs 40,000 crores (US$ 6.01 billion) in 2016. According to data released by Department of Industrial Policy and Promotion (DIPP), the construction development sector in India has received Foreign Direct Investment (FDI) equity inflows to the tune of US$ 24.28 billion in the period April 2000-December 2016.

However for many years in the past, the real estate industry hardly found favour with the brightest talent in the country. With owner driven firms carrying out businesses in the conventional style, the young talent shied away from joining this industry. However with changing times, real estate projects have changed…

The audience at CREDAI Jalgaon meeting
The audience at CREDAI Jalgaon meeting

I had the pleasure of addressing a Joint Meeting of CREDAI Jalgaon, Bhusaval, Pachora and Chalisgaon on the 4th of July at Jalgaon. The focus was to introduce the concept of Strategic Management to the members and to emphasise on the importance of Strategic Planning and Strategic Leadership in the field of Real Estate. The members were most desirous of knowing more about this and were keen to organise a one day workshop on Strategic Management for their members at Jalgaon. I had also emphasised on the aspect of creating brand Jalgaon in the best interest of their business growth.