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| Realty
Speak
Voices
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A cross-section of voices from the real estate world
which merit particular attention
ABHISHEK LODHA, MD, Lodha Group
New Cuff Parade is a product of great research on what Mumbai needs. We had the biggest advantage in location to which we have added a product combination that gives home-buyers the best of both worlds. We have not seen too many launches of the right product in the recent past and that has clearly reflected in the overwhelming response that we received for New Cuff Parade."
KUMARI SELJA, minister for housing and urban poverty alleviation
We are constituting an expert group to look into the draft of the single window clearance Act for the real estate sector. The committee will be headed by an eminent person and have representatives from the industry also. It will submit the report within three months."
RAJHOO BBAROT, managing director, Atlanta Ltd
We are in talks with the likes of Wonderland in Canada, Sentossa of Singapore, Disney and Malaysia's Genting for strategic partnership. However, we will finalise on a partner once we get the necessary approvals. We may also allow private equity players to participate."
H S BEDI, managing director, IDEB Projects
The real estate sector is going through a difficult phase and we will take a call on our future projects after six months. Right now, we are in a consolidation mode."
HONEY KATIYAL, CEO, Investors Clinic
"In India, we have been showing more than 100 per cent growth over the past four years. The company plans to expand and go global within the next few years and will set up offices in Gulf countries as well as in other countries wherever there is a sizeable Indian population."
NIRANJAN HIRANANDANI, co-founder, Hiranandani Group
"It's natural to have differences between two individuals. There's no question of division of assets or business control. Her (daughter Priya's) claim is in terms of money and not stake in existing realty business."
ABIN K DAS, director, Hinduja Group India
"We are considering listing our realty arm over the next 12 months."
Ram Chandani, deputy managing director, south India, CB Richard Ellis (CBRE)
There is a huge demand for commercial real estate in Bengaluru, but the challenge is unavailability of ready-to-occupy space. Absorption is expected to cross 10 million sq ft by the end of 2011."
Dipak Agarwal, chief executive, operations and strategy, DLF Brands
We will soon set up a new multi-brand format to better leverage the portfolio of 11 brands. The first one is set to come up in Delhi before the end of this year. The plan is to open 4-5 such stores each year."
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