Insights

A systematic flow is required for the smooth operation of the business. We have to outline the business plan based on business requirements. This is the formal projection of the value the venture is expected to generate and will justify the investments that need to be made. Each pillar has its own critical success factors, which can be combined in a variety of ways. In addition, the project manager bases his or her actions on the vulnerabilities and strengths of the developer. Project Management requires careful evaluation of a project and to create a plan according to the requirements. However, as much as managers may differ from each other, their mission is one and the same: ensure the economic balance of the real estate business.

Investing your money in second-tier cities is a lot cheaper and comes with a huge amount of returns. The margin of growth is higher since these cities are still developing and have a lot of potentials to enhance upon. Considering the right time to invest is right now when loans are available at historically low rates with a gap of the last 15 years. With every passing day, the place develops and the scope of growth diminishes.

The real estate sector primarily constituted by housing, office, retail, and hospitality is one of the largest contributors to India’s growth story for the last couple of decades. The sector is envisaged to accrescent to USD one trillion by 2030 from USD one twenty billion in 2017 and would contribute thirteen percent to India’s Gross Domestic Product (GDP) by 2025. The sector’s criticality to the direction of India’s economic growth trajectory is further augmented by the fact that it’s the primary source of livelihood for more than fifty-two million people – A number prospected to rise to sixty-seven million by 2022. Furthermore, eighty percent of the people employed in real estate includes a minimally skilled workforce; a major factor in a country grappling with issues of skill development for its large-sized working population.

Indian Real estate sector is one of the hottest in the globe. A lot of critical international investors look at India as a potential to grow even further. A report from Indian Real Estate Industry dated August 2020 states the sector to be valued at 9.3 billion USD in 2040 from 1.72 billion USD in 2019. These are some serious numbers. Hence, it is not surprising that many FDI will come into the real estate market in the coming years.

There has been a frenzy at upgrading, renovating, decluttering, and modernizing homes. This excitement of having better homes has led to great home sales in August - September 2020. The preference being ready to move, with a WFH study/ utility room. We hope the trend continues in the new growth corridors like the Dwarka Expressway DWEX. This triggered the idea of sharing with you what to watch out for when you take possession of your hard-earned and immensely loved new dream home. Saavdhaan, your Dhan needs your Dhyaan!

Suppose the brand raises itself to a level where the customer sees it as a market leader and becomes the first choice. In that case, there is surely a lot that has been invested in creating such credibility by investing in manufacturing and carrying a correct business approach, having a transparent thought process on delivery of the product, quality, and service.

Real Estate development has evolved in our country in the last 70 years with the third most required thing in our country i.e food, cloth, and shelter. This third requirement had given employment to skilled as well as non-skilled workers and had been a major source of employment over the years. There has been a major shift in housing supply from the public sector to the private sector which has been lately named as private developers. One thing is common in both the sectors i.e Architecture and selection of Architects.

Those of us who have been in the real estate business for a long understand how much of a hands-on approach and unwavering focus is required for all facets of operations in every single project. Spreading one-self over several geographies, therefore, requires the organization to be completely driven by systems and processes with operations stream-lined to perfection – this obviously is easier said than done.