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From: "Architexturez." <admin-in@xxxxxxxxxxxxxxxxx>
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Date: Sat, 27 Aug 2005 19:07:12 +0530
Developing nationally
Legal land tracts, client pressures, funding prospects and high yields
have pushed Indian realtors to...
....
A practice that is very important in the Indian context. According to PR
Mehta, former President of the Council of Architecture, Indian real
estate does not need FDI as the banks today are flush with funds and
also lending to projects. There is enough liquidity in local markets for
access to funds. However, the market has not learnt to strategise and
manage like players in other mature markets. Take a Malaysian developer
who regularly sources land and develops real estate. Strategy is to be
able to determine land value when the developer is ready to sell, says
Mehta. His Malaysian colleague sells land on city fringes during boom
time and reserves premium land in core areas to market in a depression,
ensuring regular sales even during depressions.
....
cont'd...
http://www.financialexpress.com/fe_full_story.php?content_id=100619