Suyog Seth, a distinguished figure in the Indian real estate sector, has emerged as a thought leader with a unique perspective on the industry’s intricacies. With a strong foundation in environmental engineering and a wealth of experience in the Brihanmumbai Municipal Corporation (BMC), Seth has not only navigated the complexities of urban development but has also championed sustainable and customer-centric real estate practices. His insights into RERA, customer needs, and the broader implications for redevelopment offer a comprehensive vision for the future of Mumbai’s real estate landscape. 

RERA: A Catalyst for Growth 

Seth’s stance on RERA is a testament to his forward thinking approach. He views the regulation not as a constraint but as a powerful enabler that can elevate the entire real estate ecosystem. “RERA is a great enabler, I would say, across the value chain, from builder to buyer, everybody,” Seth asserted. This perspective is echoed by industry analysts who have observed that RERA has indeed fostered a culture of accountability and transparency, essential for the long-term health of the real estate market. 

Creating Customer Needs 

Seth’s innovative approach to customer needs reflects his belief in the transformative power of real estate. He likens the role of developers to that of Steve Jobs, who revolutionized the tech industry by creating needs that customers didn’t know they had. This philosophy is increasingly recognized as a key driver of success in the real estate sector, where anticipating and shaping customer desires can lead to groundbreaking developments that redefine urban living. 

Redevelopment and Technology 

Seth’s vision for real estate extends beyond regulations and customer needs to encompass the transformative role of technology in redevelopment. He believes that India’s real estate market must embrace technological advancements to streamline processes and enhance efficiency. Seth’s advocacy for the use of blockchain and machine learning in building approvals and property transactions is a clear indication of his commitment to innovation. Suyog Seth’s multidimensional approach to real estate, encompassing RERA, customer needs, and the broader implications for redevelopment, offers a roadmap for a more sustainable and customer-centric real estate industry. His insights into the enabling role of RERA, the importance of creating customer needs, and the necessity of embracing technology in redevelopment are both visionary and pragmatic. As the city continues to evolve, Seth’s perspective serves as a beacon for developers, policymakers, and investors alike, guiding them towards a more resilient and prosperous real estate sector.