Share with us your views on the roadmap or the outline, which followed in the recent year of the 2018-2019 period, for the infrastructure and construction sector.
Infrastructure has been a major factor driving real estate. The development in the public transit systems is shaping the future of infrastructure and real estate sector. The government of India and the government of respective states have taken several initiatives to encourage the growth in the sector.
Implementation of RERA, PMAY, focus on affordable housing, GST, Benami Transaction Act – have made the sector transparent, reliable and investment friendly. We saw almost 50% surge in sales in 2018 since the government reforms boosted consumer’s confidence in the sector.
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.
Ever since its inception in 1986, Siddha Group has been building/ constructing projects in prime locations across India such as Kolkata, Jaipur, Mumbai and Bengaluru. We have completed thirty-five projects, and handed-over more than five thousand apartments and office spaces.
The current trends such as affordable housing, green buildings are significantly contributing to the growth of the sector. Adding on, the various government policies have been of great boost to the real estate industry because of which we today see a rise in demand and sales.
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 government of India has been supportive of the upbringing of the real estate sector through Smart city projects, increasing FDI limits for townships and settlements development projects, PMAY for ensuring housing for all, and guidelines for investments by REITs.
We believe that the reforms made in the realty sector will certainly lower the burden of the middle class and buying easy for the first-time buyers.
With these positives sentiments around we are open to exploring new cities and new markets but our current commitment and focus lie in the ongoing Kolkata and Mumbai projects which will be delivered in 3-4 years.
Is there something you would like to share with your audience at large, as in discussing your trade principals and economic ambitions for the near future?
Since Siddha’s inception what sets us apart is the crafting of residential and commercial spaces with a difference to make quality living affordable in the cities like Kolkata, Jaipur, Mumbai and Bangalore. The industry has recognized our efforts in affordable residential segments and we have received several accolades for it.
Our goal is to fulfill the customer needs by providing world-class homes within committed timelines at competitive prices. Keeping in consideration the sustainability factor all of our upcoming and select ongoing projects are planned and designed to conform with ‘Green Homes’ norms of IGBC’s Silver Rating System.
At Siddha Group, all the activities from Planning, R&D, Sales & Marketing, Engineering, Construction, Quality Control, Law, Finance and Customer Service are carried out by the qualified and trained in-house professionals who conjointly sculpt better lives, by designing and crafting living spaces.
