I am happy to launch the inaugural edition of Dun & Bradstreet’s publication on the Indian real estate sector, Realty Check: The Indian Real Estate Story. The publication highlights the current status and future prospects of India’s real estate sector. Dun & Bradstreet’s global footprint and market reach will ensure that this publication is able to draw the attention of global industry leaders and policy makers towards the Indian real estate sector.

The global real estate market has been growing rapidly in the past few years and India was no exception; however, currently, the real estate sector in India is facing a severe downturn, like the rest of the world. The financial crisis, credit tightening measures and reluctance of banks to fund new projects has resulted in a decline in real estate investment plans in India. Demand has been affected too, as economic slowdown is forcing potential buyers to cancel or postpone their plans of acquiring property.

The Government of India and the RBI have undertaken various measures like rate cuts, stimulus packages and have granted priority sector lending status to the industry to revive the real estate sector in India. Additionally, lower interest rates on home loans offered by public sector banks are also expected to stimulate demand. On their part, developers have also taken measures to try and revive demand by offering discounts and promoting low-cost housing in some markets.

The publication Realty Check: The Indian Real Estate Story captures the trends in the industry and the performance of leading companies in the real estate sector in India.

Dun & Bradstreet will continue this endeavour to meet your expectations our publication. I look forward to receiving your feedback and suggestions.

David J. Emery
President - Asia Pacific
Dun & Bradstreet