Scenario Planning - Real estate 2020

What exactly is Scenario Planning?

We all know that future is uncertain and we cannot do anything about the same. So in this helpless situation Scenario Planning comes to the fore where can get a sagacity of this vague future. It was Mr. Herman Kahn who was the founder of this technique but it was then utilized by businessmen in 1960's

Uncertain Future

One must drill this into its mind that scenario planning is not predicting future , we are not saints and we do not want to be in that monkey business. We are business men we attempt to describe what can be the possible future

According to me there are only 2 Industries who are like the evergreen forests, who shall , will and always grow irrespective of the other factors in our country. 1 of them is Film Industry and the other is Construction Industry aka Real Estate.

Let us only concentrate about Real Estate Industries scenario in 2020.

Here we are in 2020 I see all the things digitized where on 1 hand you can get property cards, 7/12 and other land information related docs online and on the other hand your registrations and other legal procedures are online. Everything has become transparent so there is no chance of any forge documents and officers taking bribe for doing work for which they are paid for.

Nowadays everyone is moving towards eco friendly constructions where there is a mandate by regulatory body (CREDAI) wherein builders not adhering to eco friendly constructions norms are not issued CC. LEED India certification is now a mandate for all Real Estate Developers.

We have not the biggest 252 storey building built by Lodha, who are now the largest players in this sector. The other players are also doing well and bringing in some new concepts to their projects.

Nahar Group have broken the record of completing a 120 storey building in 5 days . this was possible by the use of ready made slabs, beams and other highly mechanized Equipments.

Finaly Godrej Properties have completed their 12 storey project on Moon and the rates are estimated to be around 1.5 lakhs per square inch.

 BMC is now very strict about all the permission and licenses and the penalty amount is huge which has made developers think thrice before doing any illegal thing

Virtual tours are very famous this days where you can see and stay in the house online on 10 D and you can even stay there for a day.

 Home loans rates are now as low as 5% and there are few banks which are owned by this developers where the rates are as low as 2% for a home loan.

Builders now charge for per square inch and rates are soaring accross the country. The variability is so high that we have a house from 1 crore to 50 crores in a distance of 20 Km.

In the end the picture to me looks rosy as i see this sector is now focusing on development of the nation , a sector which is organised like any other sector with no corruption. Investors & potential home buyers are also happy when that know everything about their property and all the possible reasons why they have been charged XYZ amount.

 


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