Landmark Developments

Share with us your views on the roadmap or the outline, which followed in the recent year of 2018-2019 period, for the infrastructure and construction sector. 

The Indian real estate market went through a sea change in the year 2018. The various shades of the domestic market came on surface, where certain geographic pockets witnessed a dip in terms of property valuation and sales volume. And, certain pockets witnessed property price appreciation and sharp growth. Impact of landmark regulatory policies such as RERA, GST and the Benami Transactions Prohibition Act along with demonetization also changed the real estate landscape. ‘Affordable Housing’ was the buzzword for this industry in 2018, courtesy government’s schemes like Pradhan Mantri Awas Yojana (PMAY).

2019 would be the year where market will grow very healthily in terms of volume. It will be the comeback year for real estate. The Construction industry in India is expected to grow at 5.6% during 2016-20, compared to 2.9% during 2011-15. 

Tell us about your recent recognized projects (e.g. your core execution strength and expertise in providing best solutions) / views on the current promising trends of the Industry. 

Recently we launched a luxurious residential project ExcellenSea – Icon by the bay at Charni road east. It’s a project which has all sea facing flats with the configuration’s 1,2 & 3BHK apartments suiting the current market conditions. It is a redevelopment project very well planned & would be delivered in 36 months.  The car parking planned in the project is as per the BMC norms.  

Share with us your promising management ideas and driving strategies which you are using in your projects? 

We are very clear about strategies & ideas which we follow in our projects. We do a detailed analysis on the pricing & sizing of every project to be launched. The current market scenario is for budget homes / affordable luxury. In our upcoming projects we will be focused on green building concept, thus helping the end user & benefitting the mother nature. 

How would you predict the year 2019, along with sharing your business plans for the next 5 years, as the new government is just going to be elected, in order to adapt to the latest policies and norms and remaining competitive in the industry? 

The year 2019 will be a good year for the real estate industry, the government has reduced the GST value giving the confidence to the bench sitters to come ahead & invest in property market. For the next 5 years the company will be focused on bigger re-development projects, new affordable housing projects & couple of commercial projects with timely possession. 

Is there is something you would like to share with your audience at large, as in discussing your trade principals and economic ambitions for the near future? 

The company follows very simple principal of the trade, we only take the project which is legally viable, financially approved by all the major leading banks. In Mumbai majorly redevelopment is going to happen, we only take those projects which we feel could be completed within the stipulated time frame benefiting the tenants & the end users. The company is looking to develop budget homes in Mumbai, this will enable the end user to live a luxurious life in city without impacting much on their pockets.