Mr. K. Ravishankar, CEO, Akshaya Homes

 

Please find below the profile and the post budget quote from Mr. K. Ravishankar, CEO, Akshaya Homes

Also attached is his picture for reference.

 

 

Profile:

 

Name:                                 K.Ravishankar

Date of Birth:                            June 16, 1955

Education:                              B.Com (Hons), ACA

                                                         Article ship with A.F.Ferguson & Co.

 

 Mr. K. Ravishankar brings along with him 3 decades of corporate experience largely in the domain of finance and corporate strategy. He has been associated with various corporate conglomerates like Tata Motors, ITC Ltd. and BPL Communications in Senior Manager Capacity, including board position. Currently as CEO of Akshaya Pvt Ltd. leads 140 member strong team in establishing and benchmarking standards in Real Estate Sector by placing Akshaya in the list of top real estate brand in India.

Budget Reaction:

 

This budget has been quite a dampener.  Perhaps the government wants to built it over the next 5 years and it is not possible to do everything at one go.

 

Real estate continues to not attract the attention of the FM. It is a huge disappointment. This year was a good opportunity not only to give sufficient impetus to the developers but also greater incentive to the customers. Real estate needs to be looked at as infrastructure development.

 

The budget proposals signal a huge boost for infrastructure spending and with development of roads and highways, development of dwelling units would go a long way in decongesting the overcrowded cities and towns. Taxes in various forms and prolonged processes in obtaining clearances take away substantial portion of the costs making it unaffordable for the customers.

 

Lop sided infrastructure development will not help the economy grow. It has to be balanced. With such a large population in India the demand for affordable housing is inevitable. The government has to take some bold steps and bring in reforms to enable the real estate sector produce housing at affordable costs.

 

 

Regards,
Diana George
Associate Image Manager
Perfect Relations, Chennai
Mob: 99621-28882