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Mr. Asif Y. Balwa is the Chief Financial Officer of DB Realty Ltd. Before this, he served as Group Director of Finance of DB Realty Ltd. for over six years and also as its Chief Financial Officer from September 15, 2009 to December 2011. A graduate from Mumbai University, Mr. Balwa started his career with a family owned enterprise at the early age of 23. Eventually, he moved to Hotel Balwas International. In 1998, he undertook and operationalised a greenfield hotel in Indore. In the next few years, he played instrumental role in the operation of the five-star hotel in franchise with Holiday Inn, USA. Today, Mr. Balwa has over 20 years of work experience in the hospitality and real estate sector.
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Niche-segments segments gaining momentum in real estate—predictions for this year!
2018 was marked as the year with consistent volatility in Indian market. A lot of its credit goes to several changes that happened on domestic and global level which includes rise in oil prices, escalation in trade war, uncertainty in global markets, and recurring changes in commodity prices. • Due to the implementation of several new acts and laws implemented in last one year, which includes GST (Goods and services tax), real estate (Regulation and development) act and demonetization, the tapestry of how business is being done in India has completely changed. Indian real estate sector is specifically affected by it, while some including the likes of Asif Balwa of DB realtyremain optimistic about it; there are many who have doubts about the recent developments in this arena.
Some of the startling developments in real estate are steady growth in industrial, warehouse, residential and commercial properties in India. There has also been steady development in niche segments like co-working and co-living spaces that has somewhere triggered the growth of industrial corridors and construction of national highways. Interestingly, this also strengthens the logistics and warehousing sector indirectly. • For someone who is planning to invest in the real estate sector must get the facts right. The second step is to do a thorough and detailed research. As the real estate business is growing rapidly, there are frequent changes in the prices. One must keep a check as this kind of investment is crucial. Also, such an investment acts as an asset of life that can be utilized later when you need them.
As far as the residential real estate sector is concerned, people continue to be dicey about making a decision to buy premium or luxury homes but there has been a steady rise in demand and supply of affordable homes. In fact, this one has to be the latest update in Asif Yusuf Balwa Wikipediapage who always stays ahead of the game. • Searching and buying property are a lengthy yet interesting procedure that requires proper research and time. When it comes to investments, most people think about either one of the two things: fixed deposit or stock market. But the problem with fixed deposit is that the yield is not much and the time for which the money is tied up is very long. With stock market, the risk is too high, so even if the investment duration is short there is really no way to tell if the investment would actually go up.
By looking at the recent developments in real estate sector, we can safely say that the commercial real estate sector in India would continue to flourish. Though, it might see a little dip due to interim risk of shortage supply this year. • A major boost is likely to be leveraged by co-living and co-working spaces due to a positive movement in affordable housing.
