Bloomberg TV India announces the top real estate developers across major cities in India to analyse the most successful real estate firms.
The real estate sector is a critical driver of India's economic growth. The sector has been sailing in turbulent waters over the past few years with lot of challenges. To analyse how various challenges are tackled by the individual companies, Bloomberg TV India along with JLL as knowledge partner announces the top real estate developers for both residential and commercial projects in major cities like Mumbai, Delhi NCR, Bangalore, Chennai, Pune, Hyderabad and Kolkata.
The comprehensive analysis is done based on various parameters like Value of projects which indicates the total units launched by the company; Launch Price (INR psf) and Average size of units in each project by the company, Sales Velocity; it shows how fast units in a project have been selling; Construction Delays, shows the quantum of delays that has hit various projects and higher the delays, lower will be the scoring given to the company; Price Appreciation to annualise the pace at which price in a particular project is rising, faster the rise in prices of the property the scoring has been given to the company, etc. The secondary factors for evaluating the companies are Price benchmarking, Rental benchmarking; the total space built by the company and vacancy levels for commercial projects by the company.
Commenting on this initiative, Mini Menon, Executive Editor, Bloomberg TV India said, “Bloomberg TV India’s continued pre- eminence as the leading business news channel with niche business content for our viewers. Along with JLL, as knowledge partner we incline to insightful research and analysis to highlight the top real estate players across major cities in India”
Anuj Puri, Chairman & Country Head, JLL India says, “The Indian real estate sector is vibrant with ceaseless transformation, innovation and activity. It is also a hard, demanding taskmaster. Many venture into it with stars in their eyes, but very few make any significant mark. Success smiles only at those with above-average insight and acumen… at people with progressive vision, uncommon courage and zeal.
The developers enumerated in this study are those who beheld the larger picture, then proceeded to add their own masterful brushstrokes to make the maximum impact in brick and mortar. What differentiates them is a deep understanding of what works in this still largely unorganized business arena. This report is based on hard data and demonstrated deliverables, and is the most rigorous study of its kind to date.”