Need for an Analysis focused Real Estate Blog

Need for a Real Estate Blog 

(This blog is RE Analysis based, and only somewhat India specific. The purpose is to provide an understanding and insight - not the market conditions or the prices etc )

RE -  an essential, complicated and huge asset class.

RE Sector in India is evolving- just like everything else in the world…

The difference is in the stage of evolution. RE is still in the nascent stage of this evolution. The more we evolve in this sector as professionals, the more we know how little we know about it.

During my experience spanning more than one and a half decades in Real Estate Markets, I have time and again felt the need for comprehensive guidance on real estate. The guidance came mainly in parts - through situations, errors as well as people (both well wishers and foes !)

I realized two things about the RE sector, specifically in India –

Firstly, the complications in real estate are mainly left for the experience (or inexperience) and faltering of the people in the field. Those who wish to do RE work professionally  in diverse related areas falter more, whereas the ones who see it just as a means to make fortunes stop making major errors over a period of time- they master a particular field of the subject and spend their entire lives honing their skills therein. Consequently, one seldom finds professionals with a well rounded professional expertise.

Secondly, there is no systematic recording or pooling of knowledge. The professionals in RE somewhat resemble the Ayurveda practitioners in India in the bygone days, who treated incidents of illness with great skill and understanding, but failed to record their findings and methodology. Modern medicine has managed to do just that – leading to its exponential rise and acceptance the world over. This other set of modern medicine practitioners can be compared to professionals in the investment and industrial sectors like the BFSI or FMCG sectors, where knowledge has been efficiently pooled in helping create over a period of time, an array of education institutions and plenty of written material.

The RE industry is now coming out of the shadows of a business model which was unorganized and crude – and moving towards the glamour and glitz of the corporate world. Just like the ‘village mahajan’ who has now been replaced by our well placed complicated lending, mortgage and financial institution setup. Judging by the way things are moving, the RE industry will soon be able to position itself as an efficient, regulated and professionally managed industry.

With this background in mind, I aspired to contribute in some little ways to this amazing industry. I once again wish to echo the feeling at the beginning of this section – “RE Sector is evolving- just like everything else in the world…”