Acclaimed and adopt innovative construction techniques like ‘slip form construction and pre-fabrication construction’

What are the things that you have achieved in your field in the previous year and are looking forward to growth ahead? 

As you know, we come from a pharmaceutical background. We have a 60 year legacy and our group’s first venture was Biochem – a pharmaceutical company set up in the year 1959 by my father Jashwantlal Shah. Driven by a desire to help humans’ live a healthier life, Biochem scaled several firsts in the country. In 1965, our company was primarily instrumental in bringing Ampicillin to India. This drug helped soldiers during the 1965 war. With the introduction of Mitomycin-C injections in the year 1970, Biochem revolutionized cancer treatment in India. In 1985, Biochem was the first to introduce Amikacin Sulphate injections to treat bacterial infections.

The passage of RERA in 2016 was one of the reasons for us to take the plunge and we entered the real estate sector as a developer in the year 2017. As a company, we believe in the adherence to clean and ethical business practices. In just a short span of four years we have moved rapidly in building our footprint across the housing market in Mumbai. We presently have four housing projects under development spanning approximately 50 lakh sq. ft. These projects are spread across Mumbai’s landscape of Bandra (W), Upper Chembur, Lower Parel and Navi Mumbai.

We look forward to completing all our projects as per the adhered time line and handover the apartments to flat owners at the earliest.  We believe the current housing environment is conducive for further growth of the sector and we look forward to providing our customers with a holistic living experience.

According to you, what will be the economic angle of our country and specifically in the construction industry in the upcoming 5 years?

In the recent Union budget 2021, the government announced Rs. 5.54 lakh crores to be provided for capital creation in the infrastructure sector. These measures will have a cascading effect, providing a stimulus and giving a huge boost to the construction and real estate industry. The government continues its push on improving the infrastructure of our country which is a welcome move as it will help in improving connectivity even in the remotest areas of our country. This will help improve demand for affordable housing as people will not mind staying in far locales; in the knowledge of good and quick transportation from home to office and vice versa. Currently, in the city of Mumbai we see a number of infra projects underway. These projects once completed will completely change the face of the city and improve the quality of life for its citizenry.

What do you feel about the new top projects coming up in India? How are they likely to affect the construction industry? 

Today, the construction industry in India has improved a great deal. Most high end and luxury projects employ international building technology in construction, which is on par with global standards.

For instance, we at MJ Shah Realtors work with globally acclaimed architects and designers and adopt innovative construction techniques like ‘slip form construction’ and ‘pre-fabrication construction’ which have been incorporated in our projects. Incorporating innovative techniques have helped in improved construction standards giving consumers a superior finished product. Our projects are designed in a way to improve living experience of the home buyer and create sustainable development. This results in a better product for the end user and improves the speed in the entire construction process.

What are your long-term plans to stay in the competition while also keeping up with the latest economic trends? 

Since we are in the luxury housing segment, we believe in providing a holistic living experience to our home buyers taking LUXURY living a notch higher. Given our past experience in the pharmaceutical business where we did rather well for ourselves, we now truly believe that we can enact the same philosophy here in the realty sector as well. Our main aim is, and has always been, in improving the lives of people; better health and an enhanced lifestyle for the entire family.  This is what we are good at, and we will continue to do the same here as well.

Post the pandemic, we definitely see trend of people preferring to upgrade and move into larger and more luxurious living spaces. This can be attributed to the fact that most of the family members are at home, including parents, children and grand parents; each want their own personal space. This we believe will be the new norm going forward, and we are gearing up to cater to this demand from home buyers.

Is there any message that you would like to give to your audience, in terms of sustainability and development?

We as developers believe in sustainable development. Sustainable development is the need of the hour considering the ecological degradation of our planet due to pollution and rampant destruction of our fragile eco system. Today, there is a greater awareness about global warming and the harmful effects on our environment. We need to invest in harnessing our environment not only for our future generation but for the very survival of the entire human race.