Tell us about your company’s stand and brief profiling in the field of real estate. Also, share with us about your latest advances which are used in your recent projects.
B&F Group is a multi-faceted Company with its core business being Residential and Commercial Development. The B&F Realty brand is well-known across North Goa with 15 successfully completed developments. Since 1990, B&F Realty has been winning the loyalty and trust of a clientele obsessive about quality, aesthetics and on time or pre-due date delivery. Their projects comprise of Apartments, Luxury villas, Commercial developments and Farmhouses in North Goa.
B&F Realty currently owns a real estate portfolio of approx. INR 200 Cr and Current Company Turnover in excess of INR 75 Cr. They have developed and delivered in excess of 440 Units to date covering over 4.3 L sq ft.
B&F Group has diversified ventures encompassing Leisure and Hospitality, Soft Tissue Paper manufacturing industries, Kitchen Studio & Interior Design, Natural Stone Exports, Property Portfolio Management, Leasing Services and Shipping and distribution businesses that are vertically integrated into its core.
Latest advances used in our projects:
- Green Initiative: First to do waste segregation & garbage collection
- Locations: All our sites are located in green and scenic surroundings
- Furnished ready to occupy homes
- Secured gated complexes
- Sturdy construction fault free
- Continuously maintained post occupation
- Each complex has a team of care takers, security, leasing manager, maintenance supervisor
- Transparency
Bellagio Rezidencia, a project by B&F Realty, was primarily conceived as a residential development. However, the location presented itself with an opportunity for additional ROI to our clients. B&F Realty known to be a customer-oriented organization provided them with the prospect of managing and running it as a ‘Serviced Apart-Hotel’ with all the operations handled by B&F Realty.
What do you feel about the trends which are developing in the current phase and give us your input on the potential they hold?
The recent wave of Govt. initiatives bodes well for the real estate sector. These include the GST rate cuts by over 7 % along with the lowering of the interest by RBI. Along with this, RERA regulation is giving the security to an investor who are the key drivers, enhancing confidence amongst buyers.
The Finance minister’s focus on rental housing will bring the desired impetus in to the residential market by increasing the much-needed housing supply. Additionally, enhancement of infrastructural developments will also raise the development of commercial and retails hubs in and around these regions. The state of Goa is benefiting from this policy and undergoing a huge expansion of the National Highway and its arterial roads across Goa along with the proposed International Greenfield airport in MOPA sanctioned with a state-of-the-art dedicated distribution and Logistics hub.
Industries in this area therefore would create substantial employment and demand for housing to cope. Addressing this opportunity, we have launched in the vicinity a residential project at Revora in line with the PMAY directive to cater to this expected demand for housing and rentals. The project priced competitively for the LIG offers both affordability and a rental income ROI yield between 7-8% on investment.
Though the project is affordable B&F will not compromise on the quality of its constructions, fixtures and fittings but will also meet requirements that buyers expect in their projects and will have the recreational and leisure amenities modern developments demand.
In addition to this we have a gated and individually compounded Villa Project along with another affordable residential development for the MIG on the anvil coming up for launch in the autumn of this fiscal.
Share with us about your planning for executing better business in the future, specially to remain competitive in the market.
In the last two years, there has been a huge improvement in the infrastructure sector of Goa. This provides the developer with an opportunity to offer projects in the immaculate and unspoilt hinterlands of Goa. The upcoming Mopa Greenfield airport will additionally boost connectivity.
One of the prerequisites in making smart investment choices is excellent connectivity, the upcoming airport along with the 6 lane Highway connecting North Goa to South in the long term is a certainty of (providing )higher yield and capital gains to the investors.
With this current scenario and the plans of the Goa government we at B&F Realty have already invested in over 1.2 million Sq. feet of land bank around the airport and its suburbs in the vicinity that are receiving better connectivity by the new 6 lane Highway and infrastructure taking place across Goa.
The union budget is just announced and, hence, share with us your views on the budget and focus announced for the industry.
The budget announced by the government is going to drive the real estate sector towards a better tomorrow. The new model tenancy act expected will help the owners and tenants alike. The government’s budget is both challenging and opportunistic and the announcement to build 1.95 crore affordable houses under the PMAY scheme, is a move surely to benefit the buyers. Affordable housing is a move in the right direction and the additional deduction in the interest rate paid on home loans taken up to March 2020 will be an added advantage for the home buyers. This, in turn, will benefit the developers like us who have invested in this segment. We are glad to know that the budget is going to bring the much-required buoyancy to the currently sluggish real estate sector.
What is it that you would like to talk to your audience at length – for example the believes with which you are leading in your business practice and remaining a key player in the industry?
In accordance with India’s affordable housing policy, B&F Realty has undertaken development under the category. They have launched a project B&F Meadows at Revora and will ensure that the quality of the amenities or the structure will not be compromised in keeping with RERA.
B&F Realty sees affordable housing’s share being on the rise over the next five years and hence will focus all its efforts on the scheme. The organization envisions remarkable growth trajectory in line with the current government policies; especially the mission of housing for all 2022.
B&F Realty’s prime focus is customer orientation and utmost satisfaction by creating world class habitats and living spaces with excellence in construction and committed timeline deliveries.
The firm is also paying greater heed to the mounting concerns on desire of sustainability. It is the endeavour of all the employees at B&F Realty; including the sales and marketing, engineering and customer service units to use latest technology and material that comply with the requirement of consumer setting our work apart.
In conclusions we feel that the current scenario presents tremendous investment prospects in residential sector which is bound to yield encouraging returns in the long run.
