Kindly tell us about your company’s core businesses and the prime recent channelizing projects with which you are growing rapidly in the current market state.
Orris Infrastructure Pvt. Ltd, headquartered in Gurgaon incorporated in the year 2006, is driven by passion, commitment, quality and a relentless pursuit of perfection. With an endeavour to usher India into a new era of development, the Group has diversified into Real Estate, Energy, Hospitality, Golf and Education. The Group has delivered over 3 million sq. ft. of property in NCR and another 10 million sq. ft. is currently under construction.
Some of our latest projects are:
Market City, Sector-89, Gurgaon: The project is located in the middle of Highly Dense Residential Area having a catchment of over 15000 Families with prospects of reaching over 50000 families in next 4-5 years. Market City has a dynamic mix of showrooms; self-operated shops, fashion anchors, banks, hypermart, grocery stores, cafes, food court, entertainment, gaming and etc.
Aster Court Premier: Located in the heart of New Gurgaon in close proximity from both NH 8 and Dwarka expressway-Way, Aster Court Premier offers you “lifestyle freedom” with 3 & 4 BHK premier residences. With only two apartments on each floor, you enjoy enhanced privacy and exclusivity. Discover the modern architecture, the finest specifications and 3 state-of-the-art clubhouses located on Multi-utility corridor (Central Peripheral Road).
What is your instrumental and reforming opinion on the varied trends which are prevalent for rendering in-depth and strong demand and growth endeavours?
Real estate sector is one of the predominant pillars of the Indian economy, helps in the increment of the country’s GDP. In the last few years, the sector is riding on the crest of demand boosted by the introduction of new reforms and trends which have streamlined the sector. The government role has been an instrumental which has allowed smart and efficient launches across the country. All these are attracting NRIs investment in the country.
Considering the demand, the developers are also coming up with world-class designs to fulfil the demand. Technology continues to be a catalyst for the change in the real estate market; it has changed the dynamics of the sector and promises a jubilant future.
Discuss your future business plans and strategies of the company in various practices.
In future we want to focus on our overall development in order to continue our growth trajectory. Our main focus will be on two-way development; corporate development and direct development. In corporate development we are concentrating on entering into joint ventures. We recently entered into a joint venture with Godrej and launched project Godrej Air located in sector 84, Gurugram which has set a bench mark in the real estate market of Delhi-NCR. We as an organisation believe that it increases productivity and helps to grow faster. In direct development we will come up with more commercial and residential projects.
Kindly share with us about your underlining views on the budget which is announced for the industry and what do you feel about the government plans to develop the field of infrastructure?
The budget 2019-20 proves to be a boon for the middle class as it has provided total net gain of Rs seven (7) lakh on the purchase of an affordable house of Rs 45 lakh or below. This includes enhanced interest deduction of up to Rs 3.5 lakh along with an additional Rs 1.5 lakh plus Rs two (2) lakh. It also covers additional deduction of Rs 1.5 lakh for interest paid on loans up to March 31, 2019. Period of exemption for capital gains arising from the sale of a house for investment in startups to be extended to March 31, 2021. This will create new demand for houses of up to Rs 45 lakh in the current year, which is also good news for the affordable housing developers. Altogether, the announcement has also paved a growth path for the affordable housing segment and the middle-class home buyer.
In an open-end space and question to answer, where you could share the things which you always wanted to share with your audience at large, what subjects would those be and give us your noteworthy views on the way you will remain competitive in the market in the near future?
SWOT analysis is a straightforward model that analyses an organization’s strengths, weaknesses, opportunities and threats to create a strong organisation. As a group, we follow this analysis in the smooth working of Orris.
The primary goal of a SWOT analysis is to identify and assign all significant factors that could positively or negatively impact success to one of the four categories, providing an objective and in-depth look at your business. Keeping SWOT analysis, we firmly believe that our biggest strength is our ‘Unity in Diversity’. At Orris, we come from different background, class but we are together. As an organization, we are committed to promoting diversity of all kinds – be it gender, nationality, ethnicity, sexual orientation or physical ability. Taking this forward, we deliver world-class projects and have won the hearts of our buyers.
