Describe the way Siddha Group is conceived, designed and built, and tell us about your profiling in detail.
Founded in 1986, Siddha Group has conceived, designed and built residential & commercial units and townships at prime locations in various cities in India. The group is a high-class real estate developer and marketer, with full-fledged offices and facilities in Kolkata, Jaipur, Bengaluru, and Mumbai. Super headed by Chandra Prakash Jain, Group Chairman; Sanjay Jain, Managing Director, the company’s primary goal is to create world-class spaces with high-design material and construction excellence within committed timelines at competitive prices.
Siddha Group has 12 ongoing projects of more than 10,000 units and 7 upcoming projects of more than 18,000 units. The company has introduced the concept of Rooftop skywalks in their project Siddha Galaxia in Kolkata which is the world’s longest rooftop skywalk. Soon one will experience this unique feature in their mixed used development project named Siddha Sky in Wadala, Mumbai.
Siddha Group endeavors to provide the quality offerings to their clientele. This is achieved through in-depth research on prevailing market trends and demand drivers. Customer satisfaction is of paramount importance to the group and they constantly innovate to provide a unique living experience in a time efficient manner.
Our perseverance and passion for quality homes drive us forward with every new project. Siddha Group boasts of qualified and trained professionals leading the R and D, Planning, Sales and Marketing, Engineering, Construction, Quality Control, Law, Finance, and Customer Service units.
The group has adapted latest construction technology, upgraded quality construction materials, finishing materials and globally accepted standard of safety. We use latest water proofing system with anti-corrosive compound for the protection of entire foundation basement and sub structure from dampness as well as corrosion of steel throughout the longevity of the structure. They provide aluminum formwork for monolithic RCC construction which reduces the construction cycle and banding the wooden planks and bamboo to save the trees and green. Siddha Group also offers screen type safety net to maintain the international standard of safety. We are also preceding the top-down structure concept to reduce the time frame and use modern construction equipment like Excavator, Break-Hoe-Loader, Tower crane, Boom placer, material lifting hoists, our set up of concrete batching plant (in house) etc. during construction. The company’s mission and vision are to adopt latest technologies in the field of engineering construction, operation and maintenance of projects and to encourage innovation, professional integrity, up gradation of knowledge and skills of employees and safe working environment.
Achieving sustainability is one of the primary goals of the company and for this purpose we have inculcated the use of eco-friendly products such as PPC (Portland Pozzolana Cement), PSC (Portland Slag Cement), AAC block, Fly ash bricks in their projects. We have also started incorporating the use of Aluminum shuttering instead of wooden shuttering in our projects. Most of our projects are certified by the IGBC’s ‘Silver Rating System’.
We are committed to deliver superior quality workmanship and service. Assuring quality and instituting processes within organization to guarantee it is paramount when our customers engage us for any of our services. By encouraging innovation and fostering a problem-solving culture, we work to proactively address the mission –critical needs of our customers.
Attribute your opinion to us regarding the subject of creating better launches in order to own better growth graph.
The Real Estate industry has undergone several changes in the past few years. These have assisted the sector in flourishing and seeing blooming days. The usage of new technological materials in the construction of buildings as well as high tech smart homes has garnered the attention of the homebuyers.
Ever since the inception of government policy like RERA, we see that developers have started delivering their projects on time. The realty sector has also witnessed a rise in the number of launches during the H1 2019 as per the recent Knight Frank report (January to June 2019). Adding on, it has also helped in enabling transparency in the sector.
What is your business plan for the future and which core principals you follow to execute the best business practices?
The Company will deliver all its planned 5 Skywalks, out of which 4 are in Kolkata and 1 in Mumbai. No such skywalk has ever been made in any residential project.
We will deliver 2000 flats per year, with more than 10000 families added. Apart from the current operation of Kolkata, Jaipur and Mumbai, we have plans to enter into any of the places in the Southern India; under consideration are the cities like Bangalore, Chennai and Hyderabad. That apart, the company plans to have its offices at Dubai and London.
Siddha Group has plans of foraying into education
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 Union budget announced with the aim of nation’s growth will bring in a quick boost to the real estate sector as the government has decided to continue its focus in making housing more affordable for large population along with the promotion of affordable housing. The government’s imperative step on additional income tax deduction of Rupees 1.5 Lakh on interest paid on home loans benefits the home buyers will bring in the fence sitters back to the market. Additionally, the proposed tenancy law will help the tenants, as well as the landowners, that will enable streamlining of the Indian rental market. Further, the move taken to enhance the infrastructure and connectivity will not only favor the realty sector but also help other industries and create employment opportunities.
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.
Siddha group is committed to provide all the needs and satisfaction of our valuable customer within the stipulated time frame while maintaining the globally accepted standard of quality. All of our projects are synonymous with unmatched innovation, comfort, and amenities. We are the first real estate developer to introduce the concept of rooftop skywalks in our projects in Kolkata with no extra cost to the customers, the same will be offered in Siddha Sky, Wadala as well. Our perseverance and passion for quality homes drive us forward with every new project. Siddha Seabrook, Kandivali West will be the tallest residential tower in Mumbai which will live up to the expectations of the end user. With this new venture, we are thrilled to have entered Mumbai after winning hearts and succeeding in Kolkata, Jaipur, and Bangalore and will look forward to innovating and growing further.
