Share with us your company profiling and latest advances in your projects and services in brief.
Thapar Builders Pvt. Ltd. is one of the leading real estate developers in India, and deals with various residential, commercial, and group housing projects. Established in 1983, the company is well-known for being one of the fastest growing and most innovative companies in the real estate industry. Driven by its highly customer-centric model, the company has created a niche in the affordable luxury residential property space, and is the only builder in the market catering to rental space.
The company aims at providing end consumers with a tastefully designed and elegant luxury home at attractive prices. Customers are offered customized payment plans on the basis of client-friendly purchase agreements, which are focused more on building a strong relationship with their customers than extracting their payments. It buttresses these relationships through a consummate focus on creating resident-friendly properties that feature the best design, quality, and matches the highest standards of safety. Thapar Builders also provides its customers with a wider array of choices, allowing them to select from among a large set of finishes for the property, thus creating customizable tiling, washrooms, and wardrobes that can cater to all manner of customer desires.
Thapar Builders’ marquee projectis THE ARTHAH, the first 26-storey residential complex in Vaishali, Ghaziabad that is designed to take the existence of residents to a higher pedestal. The international-quality complex contains 116 units for group housing, of which 84 are 3BHK apartments for purchase, while the remaining 48 units are serviced studios, 1BHK, and 2BHK apartments available for lease only. The project, on schedule to handover possession in 2018, showcases the company’s focus on developing residential group housing projects containing units available for both purchase and medium and long-term lease. The company also develops commercial real estate around its residential projects, creating opportunities for businesses and companies to open shops and offices with a nearby cluster of prosperous customers for them to cater to.
Give us your opinion on the industry using new trends, for efficient launches to deliver promising growth potentials.
The following few years have been a mixed bag for the construction sector- big reforms in terms of GST / RERA/ IBC have changed the way business was being done in this sector. from being an unorganized sector, it is now on a path of being more professional + organized with more transparency and accountability being the new normal of doing business. Along with this – the strict approach from the courts and governments has helped to bring some confidence back among the buyers but has also led in drop in sales volumes across major cities. It has led to the market prices being stabilized has supply has gone down and demand catching up. The fate of the unsold inventory from the many projects under IBC now will also have a major effect on to where the market goes from here.
Financing has been a big challenge for big/small players in order to complete their projects as banks and NBFC are already stuck with high NPA’s into this sector. Fiascos such as IILFS does not help in restoring faith of investors in this sector.
The past few years have been a great learning experience for companies like us in order to know what to do and what no to do in order to survive and thrive in the market.
Discuss your future business plans and strategies of the company in various practices.
I feel the current reforms will be go a long way in cleaning the mess that many other bigger builders have made before. It was the much-needed transformation in professionalizing business in this sector. I feel if you do the base things right you don’t need to do many other things to stay competitive as in the end of the day your work talks. The building itself will show more than I can say.
We are looking to expand in the NCR market with our own land bank across Greater Noida, Sohna and looking for JV’s with like-minded land owners as well. We wish to focus on smaller niche projects rather than big townships as they are easier to finance and execute /deliver than large townships.
What are your views on the budget announced for the industry and give us a few details on the related financial ambitions as a key player?
The honorable finance minister Ms. Nirmala Sitharaman has presented a very impressive budget. Affordable housing is the focus of the government and somehow, it’s a positive sign for the real estate sector too. Middle class can dream of an affordable home without worrying much. Easy of business doing is also a huge benefit for everyone. We are looking forward to work with the government in near future to make sure that the Indian real estate sector can boom as soon as possible.
Is there is anything that you would like to share with your audience at large – the motives and principals of the company to remain competitive in the near future.
We believe in being transparent and fair with our buyers. Everything including any hidden charges are disclosed at time of booking.
Along with Customer satisfaction we believe in customer happiness and go an extra mile to make sure of that.
