Page 22 - PR Communication Age - JUNE 2016

Interview

with

MR. AMARENDRA KUMAR DAS

Senior Vice President, Indiabulls

Q1. What is the current scenario of Real Estate in B city or C city as of now.

Industry? Q6. What would be your suggestion to the gov-
ernment to implement policy which will help both
Ans. The current scenario of real estate is very poor be- industries as well as consumer?
cause now a days' real estate is passing from a depression.
One can find many unsold properties in Mumbai as well as Ans. The registration bill will be very helpful to the cus-
in the NCR and Delhi area. In Kolkata one can find flats for tomer and for West Bengal specially where the land re-
Rs. 1 lakh which indicates the program launched by the form act falls under 14% needs to be relaxed.
government of India for lower and middle segment people

is working fine. A higher demand is seen which is 50% for Q7. Housing is the basic necessity for everyone.

Lower Income Group and 34% for Middle Income Group. How do you foresee the demand in near future?

Ans. In Kolkata, in the next 5 yrs there will be demand of
Q2. The real estate bill has been passed recently, 1 lakh remit. More than half of the demands come from

what impact do you visualise? lower income growth. 34% demand is projected for Middle

Ans. It is good for the customer awareness concerning Income Group and rest would be for Higher Income Group.

promoters' mis-commitment, but it has badly affected the Government of India is also trying to provide home for

real estate market and also shunned by the promoters. lower segment people by 2022.

Still super build up area is rising up. With the route of metro becoming operation,all new mi-

Q3. The real estate market is going through a slug- cro market will be coming under the purview of metro
gish phase. Do you think the provision of the bill will station. The new residential zone will have cleanliness as
impact the industry and the industry fund crunch? top priority. The 14 yrs land reforms act for township will
help in promoting affordable housing for all.

Ans. As I have told you before that whatever the sluggish Q8. Any other development you would like to
phase and industry fund crunch is going on, it is due to the share?
promoters mis-commitment and the delays in projects.
Ans. Market will be on track as government of India watch-

Q4. Please tell us about the company? dogs are keeping an eye on all the matters relating to the

Ans. Indiabull is a broking house having offices in London, industry. People would certainly see a change in Kolkata's

Dubai and in Singapore. It has all India presence in all A real estate in the next 5 years.

“towns and A cities. The current scenario of real estate is “
very poor because now a days' real estate
Q5. What are your future plans is passing from a depression. One can find
for expansion in eastern India?
Ans. Indiabull is a A-city company, so many unsold properties in Mumbai as well

we do not have any plan to expand as in the NCR and Delhi area

22 PR COMMUNICATION AGE June 2016