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All Journal CSID Journal of Infrastructure Development
Nanda, Triveni Prasad
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Civil Engineering, Building, Construction & Architecture Decision Sciences, Operations Research & Management Engineering Social Sciences

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Journal : CSID Journal of Infrastructure Development

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Feasibility of Using Information in Real Estate Regulatory Authority Database as Urban Land Data Repository Agarwal, Siddhant; Nanda, Triveni Prasad; Bali, Reema; Soni, Aparna
CSID Journal of Infrastructure Development Vol. 4, No. 1
Publisher : UI Scholars Hub

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Abstract

The problem with the Indian real estate industry was of the lack of information and data, as well as a coherent and credible location for accessing the data. Another issue that plagued the sector until recently was that the market was unregulated, in which malpractices were rife. The Real Estate Regulation Act 2016 enacted by the government was a gamechanger in the real estate sector to address these issues. With the regulator coming into play, the consumers could access much information collated and make an informed decision. However, there are still several issues persists, such the credible and quick data access, complex coordination of records and approvals among multiple government departments and statutory bodies, and data not updated promptly. Therefore, this study aims to check the feasibility of an Urban Land Data Repository, drawn from the Real Estate Regulation Act 2016, by taking into account Indian four states of Uttar Pradesh, Madhya Pradesh, Haryana, and Maharashtra to identify potential data points for the proposed repository. The paper details the data points and the rationale for taking them, closing with an analysis of the current data availability for the proposed repository through this policy analysis paper.
A Thematic Literature Review on The Impact of Covid-19 Pandemic on Indian Real Estate Bothlikar, Manaswi S.; Nanda, Triveni Prasad
CSID Journal of Infrastructure Development Vol. 5, No. 1
Publisher : UI Scholars Hub

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Abstract

The COVID-19 pandemic has impacted the world badly. Almost all activities were suspended, and thus it severely impacted the economy, including the real estate sector. This ongoing pandemic has pushed the sentiments of the sector to their all-time lowest. This research aims to analyze the influence of the COVID-19 pandemic on the real estate industry in India, as well as to determine the most impacted segments. Report achives from eminent property consultants including Knight Frank, Coldwell Banker Richard Ellis (CBRE), and Cushman & Wakefield were reviewed in this study. The qualitative analysis done to the reports and literature shows that both the residential and commercial segments have been impacted badly. However, the residential market has recovered to its pre-COVID level after the first lockdown. Meanwhile, in the case of the commercial market, the pandemic led to many innovations in the office segment, such as hybrid working, portfolio growth, and the hotelization of office spaces. Such innovations were also found in the retail segment, such as reinventing the experience, use of new-age technology, omnichannel strategy, realigning the retail formats, and so forth. Hence, they have boosted these segments and accelerated the recovery. Amongst all the segments, the hospitality segment was the worst-hit segment. It was the first to fall and is last to rise. Due to the fear of getting infected and travel restrictions, tourism has effectively stopped, and this has greatly impacted the hotel segment.
Co-Authors Agarwal, Siddhant Bali, Reema Bothlikar, Manaswi S. Soni, Aparna