Keeping Investors at the Heart of Business
Meet Mr. SHARAN C PATIL, Inspire India Financial Solutions Pvt Ltd., Bangalore.
It gives me great pleasure to report that Inspire India has had another successful year with excellent growth prospects.
FY14 has been a year of comprehensive and all round growth, in which we have tried to exceed our expectations and the
guidelines we set for ourselves.
Our consistent disciplined approach over the last 3 years has enabled us to create predictable outcomes for our projects - and
for our stakeholders. Driving this disciplined approach, we have transformed our Company for the future.
As far as the real estate and urban housing sector is concerned, great expectations have been aroused of
a robust revival
through the Prime Minister’s announcement of visionary initiatives like ''Smart Cities’’ and ''Housing for All''.
Unfortunately, such expectations have not yet beenrealized and the sector continues to face a plethora of challenges,
including rising input costs, high interest rates and sluggish demand.
We need to ponder about why this vital sector, which is universally acknowledged as a powerful engine of
growth that contributes more than 7 percent to the country’s GDP, is not reflecting the overall uptrend being
experienced by other sectors of the economy.The truth is that housing and real estate development is a unique
industry unlike any other sector like manufacturing or services. It needs policies specifically framed to cater to its
special characteristics.It needs to be remembered that with linkages with more than 250 ancillary industries,
this sector has a major multiplier effect on the entire economy, creating jobs across the spectrum.
It needs to be remembered that with linkages with more
than 250 ancillary industries, this sector has a major multiplier effect on the entire economy, creating jobs across the spectrum.
I trust that the implementation of various path-breaking policies of the new Government under the stewardship of Hon'ble
Prime Minister and the success of innovative initiatives such as ''Make in India'', ''Digital India'', ''100 Smart Cities''
and ''REITs'' would yield the desired results and lead to rapid growth of the economy in the year ahead.
I also take this opportunity to thank all our stakeholders
for their belief in Inspire India and also thank our employees for their valuable contribution and dedication.
Jai Hind.