In the wake of the unforeseen challenges brought forth by the COVID-19 pandemic in 2020, businesses across all sectors, including real estate, faced significant setbacks. However, this period of adversity also became a crucial learning experience for industry players, teaching them to make their businesses resilient in the face of massive disruptions. As a response to these turbulent times, Torbit 2020, our maiden guide, offered valuable insights into various aspects of real estate through the expertise of leading industry professionals.
With the dawn of 2021 came new hope for the revival of businesses, and real estate was no exception. Unfortunately, the deadliest second wave of Corona during the first quarter dealt a devastating blow to these hopes. Nevertheless, the lessons learned from the previous year’s challenges proved invaluable in coping with this catastrophe. The real estate sector showcased remarkable resilience, bouncing back from the crisis and achieving record growth in residential real estate, surpassing pre-COVID levels of 2019.
The solid gains made by the real estate market in 2021 set a strong foundation for anticipated high growth in 2022. This growth is supported by an improving economy, businesses regaining momentum, and the revival of market sentiment and confidence among property buyers and investors. Against this promising backdrop, we proudly present “Torbit 2021,” our yearly handbook, which is part of the broader platform of Torbit Consulting. Our mission is to educate and empower various stakeholders in the industry, including property consumers, by providing a wealth of knowledge and insights into residential, commercial, and emerging asset classes of real estate through a series of stimulating and enriching articles. This valuable resource also serves as a guide for property buyers, facilitating informed decisions.
“Torbit 2022” represents a collection of authoritative, authentic, and analytical articles by renowned industry professionals, capturing the journey of the real estate sector in 2021 and looking ahead to the opportunities in 2022. Industry veteran and Chairman of HDFC Limited, Deepak Parekh, shares his thoughts on housing and real estate heading towards a prosperous future. Real estate icons Niranjan Hiranandani, MD of Hiranandani Group and Vice Chairman of NAREDCO, and Ramesh Nair, CEO India & MD, Market Development, Asia, Colliers, delve into investment opportunities in real estate.
The book also addresses the post-COVID advancements in technology that have significantly impacted the real estate industry. With articles such as “Technology in Real Estate: A Make or Break Paradigm,” “Indispensability of Technology Post-COVID,” “Construction Technology in Reshaping Real Estate,” “Post-COVID Scope in Digital Marketing,” and “Data Caners: Fuel that will Fire Commercial Real Estate,” readers gain valuable insights into this critical aspect of the sector.
Furthermore, “Torbit 2022” offers a series of knowledge articles tailored to supply-side stakeholders. These include the role of construction management, the lease process of commercial real estate, the significance of facility management as a pillar of real estate business, the transformation from owner to corporate governed business, the need for ethical real estate practices, becoming an exemplary marketer, the C-Cube mantra for success, and a perspective on luxury living.
For property buyers and consumers seeking guidance, the book features a plethora of useful articles that cater to their needs and concerns. Together, “Torbit 2022” is a comprehensive and essential resource for all those involved in the dynamic world of real estate, equipping them with the knowledge and foresight to navigate the challenges and opportunities that lie ahead