Management Discussion and Analysis : The Government of India has taken various initiatives to get the economy moving forward. It will take time to see the result on the ground of those initiations. Though the rate of increase in GDP is nominal we are hopeful that it will be much better in days ahead. The rate of interest is a very crucial item for our industry. RBI governor has reduced the rate of interest very marginally in the last one and half years and it is expected that the RBI, will take a call in the near future. Real Estate : The real estate sector is still a challenging sector. Government has introduced a policy of housing for all by 2022 in India. However specific plans to achieve this target has to be spelled out and to be executed. In India the urbanization though has started it is far lower compared with many other countries in the world. In India it is 30% where as in developed countries it is 70% and world average is 50%. Further, the mortgage loans is another factor which indicates the future housing needs. In India it stands at only 9% whereas in the developed countries it is 70% to 80% and with growing economics it is between 20% to 40%. The Bangalore housing market is better in comparison to the other cities in India. The Bangalore real estate market is driven by IT and ITES and by migration of people from rural areas to the city. Alpine Housing is a Bangalore based company with projects in Bangalore and in the vicinity of IT and ITES industrial belt. |