KUSHAL PAL SINGH, credited with making Gurugram an urban metropolis, has had a remarkably successful career spanning over six decades. But there were disappointments for the 95-year-old visionary. One of them was the untimely death of former Prime Minister, the late Rajiv Gandhi. His loss impaired Gurugram’s growth potential. After the launch of his new book, Why the Heck Not? Blueprints for Success from the Man Who Built DLF, co-authored by Aparna Jain, the Chairman Emeritus of real estate major DLF sits down for a conversation with Business Today, and shares his vision for the real estate major and the sector. Edited excerpts:
What is your take on the current state of India’s real estate market, after years of turmoil and the Covid-induced shock?
The economy is growing rapidly, [and] along with the government, entrepreneurs are playing a big role. And it will continue to grow, despite its set of challenges.
Traditionally, unauthorised development has been a major challenge for the sector. However, after the RERA [Real Estate (Regulation and Development) Act, 2016] came into effect, a transformation has begun.
Today, 90% of the old developers are either in jail or out on bail or are bankrupt. A new breed of RERA-compliant developers are driving the market significantly, and not taking any shortcuts. Thus, I am optimistic.
Bu hikaye Business Today India dergisinin December 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin December 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Attitude Decides Altitude"
BEST ADVICE - RAJNEET KOHLI, CEO & EXECUTIVE DIRECTOR, BRITANNIA INDUSTRIES LTD
"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"
Thomas Matthew, former IAS officer, on his new biography of Ratan Tata, the late Chairman Emeritus of Tata Sons
"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"
K.P. Singh, Chairman Emeritus of DLF, on the dynamic nature of the real estate sector, challenges in urban planning, and more
REDEFINING AMBITION
Shashikant Ruia was a visionary entrepreneur who navigated challenges with resilience. He leaves behind a rich legacy of ambition and leadership
ON THE WILD SIDE
LOVE WILDLIFE BUT DON'T WANT TO GIVE UP ON THE FINER THINGS WHILE ON A TRIP TO SPOT ANIMALS? CHECK OUT THESE LUXURIOUS WILDLIFE RESORTS FOR THE HOLIDAY SEASON
"India is the only market globally with substantial growth"
RHI Magnesita CEO Stefan Borgas on the company's M&A strategy, why India is important, the way ahead, and more
FRESH ON THE STREET
IPOs have come back with a bang in 2024, with a record ₹1.3 lakh crore raised till October. As a result, many newly-listed firms have made it to the BT500 list
RIDING THE WAVES
The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are the other driving forces and emerging trends that will define the landscape in 2025?
HOME RUN
After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024
In Pursuit of Good Health
The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive