Overview

Liases Foras Presents Real Estate Sensitivity Index - Ressex™.

An organised and structured data source on real estate in India, RESSEX aims to fulfill the requirement for instant and continuous information on property trends and analysis.

RESSEX™offers such dynamic data for the first time ever - in the form of an index at regional (from city to micro location) and product (1 BHK, 2 BHK, ....) level. This is a first in concept and execution and provides an in depth, scientific, fact-based overview of the real estate market in India.

It is envisaged that RESSEX™ will be an immense resource to Developers, Investors, Banks, Housing Finance Companies, FIIs, Private Equity Funds, REITs, REMFs, Equity analysts and investment bankers in their decision making process.

The Rationale

There are many misconception about real estate industry, and the biggest among them is that the growth is measured from the appreciation in prices.

Which is not always right, you will have to see the growth in demand/ sales.

Sector grows with consumer, not by the prices. When mobile was launched the call rates were Rs 16/-. You can't say that was the peak of the telcom industry. We have now.. Consumers and call rates less than 1/16 of what it used to be!.

The rules which are followed by almost all the industry, is completely over looked by in real estate industry.

• Real Estate showed negative growth since 2006.
• Sales have been continuously dropping.
• Yet it was projected and perceived as growth period because prices were going up.
• Movement in Sales & Prices between Oct 05 to June 08
• Growth in Prices: 44% (CAGR)
• Decline in Sales: -40% (CAGR)

" Industry grows with consumers, not by prices"!

We may call it lack of understanding. Or misrepresentation.

Ressex will show you the real estate movement in light of many indicies