The real estate market is not a bubble

IIPM PUBLICATION

In fact, reports suggest the Indian real estate sector to be worth around $14 billion and currently growing at 30% per annum. In a recent conference in Chennai, M. Murli, CMD, Shriram Properties Ltd., stated, “The real estate market is not a bubble and thus I don’t expect it to burst. I expect the market to grow for the next 20 years. We need to enhance transparency and build trust.” Infrastructure development is taking place at breakneck speed and there is still a huge gap to fulfil. All over India, just 8-9 SEZs are operational, while around 230 SEZs have been formally approved. According to an article by Bundeep Singh Rangar, Chairman, Indus View, in FDI magazine, the retail sector is another huge catalyst, with more than 200 malls expected to be set up by 2008, creating 20 million sq. metres of retail space in India. Further, Rangat projects demand for commercial space to approach 112 million sq. metres by 2012-13. Interestingly, even in the residential segment in urban India, the housing shortage is expected to touch 22 million units by year 2008.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Wish I could say Good Bye right now!

IIPM Best MBA Institute

So how will the DLF IPO fare in the market ultimately? While all indicators for the real estate sector in India are buoyant, one cannot really give a satisfactory answer to this question today, considering the whipping real estate stocks have taken recently. For K. P. Singh, the first imperative is to convince the SEBI to give the go ahead. And then it’s a matter of deciding what time the IPO should be launched so that it gets the desired response. For a company that is so well positioned to exploit development opportunities in a sector that’s on the verge of taking off , performance of the IPO is of critical importance. But a further delay of the IPO only means more unnecessary delays in DLF’s plans.

And what about the billion dollar question of whether the K. P. Singh’s net worth post the IPO will make him the world’s richest man? Well, with his long cherished realty ambitions at stake, chances are high that a pre-eminent position in the Forbes list won’t even be figuring among the top three concerns in K. P. Singh’s mind as on date!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

The real failure is not quotas; but lack of access to primary

MANAGEMENT GURU

And the mindless and self-serving noises over quotas and reservations have started yet again. The Supreme Court has stayed the implementation of a 27% quota for OBCs in institutions of higher education. The proposed quota regime relies on data on backward castes that were generated during the 1931 Census. The Apex Court wants the government to justify the proposed quota regime with more updated data and numbers. Quite predictably, political parties are up in arms and some like the CPI(M)-fresh after the Nandigram episode-are openly criticising the Court for blocking a move that will help the ‘poor and oppressed’ classes of India. Elsewhere, intellectuals debate the pros and cons of affirmative action behind ivory towers of academia while many flog the alleged conflict between merit versus need.

There is a simple point that political parties and the assorted intellectuals who support them are completely missing out on in this stupid debate. And that is the most spectacular failure of the entire political class in independent India; their inability to provide primary education to a majority of Indians. Way back in 1947, when India became a free country, about 270 million citizens were illiterate. Sixty years down the road, more than 400 million Indians are illiterate. In 1948, when China emerged as a single modern nation, about 300 million citizens were illiterate. Sixty years down the road, hardly 60 million citizens were illiterate. For every illiterate Chinese, seven Indians are illiterate. What can be a more disgraceful failure than this?

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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(COURT)ship for the media baron

MANAGEMENT GURU

Conrad Black, 62, is the former Chairman of Hollinger International Inc. and has been charged with fraud, racketeering, tax violations and money laundering. His trial was delayed because the defense lawyers complained about new publicity of a key witness against the ex-media baron that might have tainted the jury. The trial on 19 March, 2007 focussed on procedural matters and involved the usual debate between defense and other motion. The trial attracted worldwide media attention, but Black burst out avoiding all of them. The government expects the trial to last three to four months. But whatever be the verdict, Black’s British title is assured as it can only be stripped by the Parliament.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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On Rang De Basanti, the Oscars and the BAFTA Awards

MANAGEMENT GURU

We are ecstatic that Rang De... has been nominated at the BAFTA (British Academy Of Film and Television Arts) Awards (for the ‘Film not in the English Language’ category). Personally, I’m very happy as a director with the league of films alongside which Rang De Basanti has been placed. RDB occupies the list with Mel Gibson’s Apocalypto and Pedro Almodovar’s Volver, which speaks a lot in itself. At the Oscars too, tough luck, though we’re not in the first nine (in the foreign film category), we participated and gave it our best shot and ran our race to the fullest. This is a definitive moment of joy for us, even as we await the BAFTA verdict...

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Management Guru 's Speak on IIPM
IIPM going global
IIPM Management Guru India, Planman Consulting India
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