Property Buyer’s Summit 25 June 2011

The scene in 1998 Small number of prominent local developers Large number of small players Generally poor quality and design Poor infrastructure

 Increased number of serious local players  Pan India players  Corporates expanding into real estate  Large number of small players

 Aspirations and expectations of clients largely not being met  Poor infrastructure  Lack of good master plans at city and development level  Lack of good contractors  Lack of skilled workers and engineers

 Land acquisition  Approvals processes  Training and motivation of labour force  Providing a good quality product which is affordable to the customer, especially at the lower end  Concentration on higher end products with higher profits

 Caution due to high interest rates, inflation, lack of funding for developers  Positives due to lower prices in Bangalore  New higher end products  Improved infrastructure?? Metro, airport rail link, water supply, etc.  More well planned multi use developments  Demand to remain high??