Hyderabad, India, April 06, 2007 --(PR.com
)-- Perceiving a lack of knowledge in this booming industry like forward thinking, sustained industry dialogues, public private partnerships, the need to strengthen technical know-how, research and best practices in real estate (finance, governance, business processes, etc.) - the discussions were focussed on bridging this knowledge gap and crystallizing possible research areas.
Considering the ongoing research in real estate sectors, housing, land & urban development issues, 2letservice.com has launched new tools, forums and blogs in association with property news magazines and community sites e.g. www.realestatetimes.in and www.myvisitindia.com and promises to go beyond mere economics and demographics of real estate. It sees India's real estate and infrastructure industry professionals, formulate a definitive dialogue on Indian Real Estate.
"The industry has long perceived a need for professionalism to be inducted in the Indian real estate industry. There is a lack of data and information, though the industry is growing at a dynamic pace. Moreover, most support sectors are not instutionalised as yet," says Editor of Real Estate Times.
For example, initially we saw emergence of cinema multiplexes in Indian Metros and now this growth is spreading to Tier 2 and 3 cities like Lucknow, Indore, Nasik, Aurangabad, Kanpur, Amritsar and so on. All venturing into small towns across India (e.g. Darjeeling, Mangalore, Ghaziabad, Pimpri, Pune, Panipat, Allahabad, Indore, Latur, Agra, Thane, Lucknow, Hyderabad, Nasik, Jaipur, Visakhapatnam, etc.).
Surely, there are big bucks for real estate players with commercial and housing sectors growing at a fast pace. But the industry lacks transparency and credibility, an acute shortage of data and academic research, and a lack of uniform laws and regulatory systems. A knowledge base and authentic data from buyers, sellers, agents, researchers and government agencies will help streamline the realtors and the overall industry in India.
"This is where we are contributing," says Ad Manager of 2letservice.com