By Yusuf Razak Dhanani : Before technology became a part of restaurants, guests would come to a restaurant, sit wherever there was a free table, order food, the waiter would take down the order on a notepad, serve food, guest would eat, pay and leave. But now, with technology, the guest's experience is as completely changed as that of chefs, servers and owners, due to a change in technology in the kitchen. Now, with modern kitchen display screens and staffing technology, you can get data-centric insights into what's working well for your restaurant and what's not. This is where technology is making its big impact in the restaurant industry--how guests dine and what pleases them and what doesn't.
Yusuf Razak Dhanani : There have been many welcoming policies and reforms in Acts that
have changed the real estate scenario in the country. Demonitization, Real Estate Regulator Bill (RERA), FDI relaxations, GST, Benami Transactions
(Prohibition) Amendment Act, Change in Accounting standards IFRS have
all come up in sequence and have paved the way for a brighter economy.
The Indian Real Estate sector is expected to be more transparent
leading to more trust by the investors and the owners. The sector is expected to have only the
organized players. The implications would be positive for both, the home buyers
and the real estate sector as well.
The
trend in the Real estate sector in future
Increase
in the Global Capital flow
The strengthening and modernizing economy and India’s growing
reputation as investment destination is expected to attract Global Capital. The
private equity activity seems to be brighter in the near future. Liberalized
FDI would also contribute in increasing the investments due to the as the
increased transparency resulting from it.
The launch of Real Estate Investment Trusts (REITs) would also
increase the investments from the domestic players.
New approach
to the business models
With the implementation of Real Estate Regulation &
Development Act (RERA), the developers will be required to enforce transparency
and accountability into the system. The Goods and Services Tax (GST) and the
Benami Property Act will also have a major impact on the deals made with respect
to the properties. Further, demonetization has also sent signals that the
dishonest developers need to change their working models.
Rise
of Affordable Housing Schemes
Affordable Housing is all set to be implemented in the current
year itself. One crore affordable houses are supposed to be built in rural
India by 2019. The scheme is being financed by ECBs and refinancing of housing
loans by national Housing Banks (NHB). The increase in the tenure and the
budget allocation of Pradhan Mantri Awas Yojana (PMAY) will further boost the
schemes.
The rise in the deposit base and more money in circulation due to
demonetization have resulted in reduced lending rates and reduced EMIs. This
would further boost the Real Estate sector.
The future sees the Real Estate Sector as an organized sector with
more transparency and trust.
Get in touch with Yusuf Dhanani here.
Get in touch with Yusuf Dhanani here.
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ReplyDeleteThanks Ramesh.
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ReplyDeleteThanks Satish.. stay tuned!
DeleteQuite an important topic.. thanks for sharing.
ReplyDeleteThanks Muskaan!
DeleteNice analysis sir.. thanks for sharing
ReplyDeleteThanks Harish.
DeleteGood analysis & prediction for the future of real estate in India
ReplyDeleteThanks Raviraj. Glad you liked it.
DeleteNice article sir.. Thanks for sharing
ReplyDeleteThanks Sadvi
DeleteThe future of real estate in India looks quite bright. Thanks for the article.
ReplyDeleteThanks for reading Jakson
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