‘Developing investor trust is crucial to realty growth’
3 April 2014 11:30 PM GMT
What are the major ongoing projects under your group’s banner in Delhi and the NCR?
The market is good at the moment and business capital is the major project going on. There is boom period prevalent and we solely believe in fast delivery. These projects are mainly in west and east parts of Greater Noida. We offer them only three years of waiting period.
Money from the investors is delivered in three years of time. This is because lots of investors invest money as they want to grow money else they will use banks or other financial institution. Opportunity cost doesn’t exist in banks but exists in real estate where there is huge development of roads, parks, buildings apartments, commercial areas.
What kind of modern technologies are being used in the construction?
Innovation and implementation of technology in construction is playing major role in current industry scenario due to pressure on delivery schedules, quality and larger volume of construction. The technology implementation is not just confined to materials and equipment, but also in construction methods. New age construction process involves pre-fabrication, 3D volumetric construction, monolithic, hybrid concrete construction and lost formwork. Another prime consideration is the use of eco-friendly building materials and green construction. Apart from using modern construction techniques, adopting total quality control procedures again is important which actually ensures that modern technology is being used to deliver the quality and therefore deliver the best to the industry.
Are you concentrating on affordable houses in your projects?
Aadhar Group is currently focusing on the upcoming commercial project ‘The Business Capital Noida’. At Aadhar, our prime concern is to deliver the commitments and set a quality benchmark for the industry. So definitely company will enter into affordable housing segment but it will be our next objective, which is in minds but not yet announced.
What are the reasons for real estate industry's prices soaring so high?
Prices are soaring high because market is growing fast and fluctuating at the same time. Also, our country is a developing one. Real estate prices or sales are a great indicator of any country's economy. Our economy is currently facing a contraction and the overall economic activity has slowed down a bit, with GDP growth estimated at 4.9 per cent in 2013-2014. Unpredictable market, inflation, delayed approvals and rising construction costs are the root cause of prices soaring so high. Cost of construction, raw materials and transportation on one end makes the overall process expensive while the unpredictable market increases the risks involved in investment. By the time construction of a project gets completed, the uncertainty index of inflation and abnormal market statistics make it very obvious for a developer with a higher risk at the receiving end.
What are your plans regarding the expansion of your existing work?
We will expand our work as much and as early as possible in the NCR region because of unfamiliarity, unawareness and inexplicability. Also, because of the rising opportunity costs, we have gained huge profits in property in the past. Time factor is also there but plays a lesser role as compared to an opportunity cost. Opportunities are growing for people actually and more and more people are migrating to big cities. They are migrating in search of jobs, livelihood educating their kids in better schools and above all to have a better life. This migration process has automatically created the demand for real estate properties and with money coming in at such a fast pace, prices of real estate will automatically increase thereby raising the price equilibrium.
Since the economy is growing slowly, are people really keen on investing in realty at the moment? What kind of response have you received from buyers?
I have received decent responses, business is however generated by cream and top class people and rest are nothing but end-users. Basically, every property dealer seeks business and profits at the end of the day. We are naturally committed towards our investors, but we have believed in developing good faith and trust with our users and potential investors with the pace of time. Once trust is built, we need not worry much about any business issue. Simply because our users know that we will not break their trust at any cost due to our non compromising approach towards quality and our commitment to keep our promises pertaining to delivery. In order to help people come up in business, we have come up with this realty business.
The market is good at the moment and business capital is the major project going on. There is boom period prevalent and we solely believe in fast delivery. These projects are mainly in west and east parts of Greater Noida. We offer them only three years of waiting period.
Money from the investors is delivered in three years of time. This is because lots of investors invest money as they want to grow money else they will use banks or other financial institution. Opportunity cost doesn’t exist in banks but exists in real estate where there is huge development of roads, parks, buildings apartments, commercial areas.
What kind of modern technologies are being used in the construction?
Innovation and implementation of technology in construction is playing major role in current industry scenario due to pressure on delivery schedules, quality and larger volume of construction. The technology implementation is not just confined to materials and equipment, but also in construction methods. New age construction process involves pre-fabrication, 3D volumetric construction, monolithic, hybrid concrete construction and lost formwork. Another prime consideration is the use of eco-friendly building materials and green construction. Apart from using modern construction techniques, adopting total quality control procedures again is important which actually ensures that modern technology is being used to deliver the quality and therefore deliver the best to the industry.
Are you concentrating on affordable houses in your projects?
Aadhar Group is currently focusing on the upcoming commercial project ‘The Business Capital Noida’. At Aadhar, our prime concern is to deliver the commitments and set a quality benchmark for the industry. So definitely company will enter into affordable housing segment but it will be our next objective, which is in minds but not yet announced.
What are the reasons for real estate industry's prices soaring so high?
Prices are soaring high because market is growing fast and fluctuating at the same time. Also, our country is a developing one. Real estate prices or sales are a great indicator of any country's economy. Our economy is currently facing a contraction and the overall economic activity has slowed down a bit, with GDP growth estimated at 4.9 per cent in 2013-2014. Unpredictable market, inflation, delayed approvals and rising construction costs are the root cause of prices soaring so high. Cost of construction, raw materials and transportation on one end makes the overall process expensive while the unpredictable market increases the risks involved in investment. By the time construction of a project gets completed, the uncertainty index of inflation and abnormal market statistics make it very obvious for a developer with a higher risk at the receiving end.
What are your plans regarding the expansion of your existing work?
We will expand our work as much and as early as possible in the NCR region because of unfamiliarity, unawareness and inexplicability. Also, because of the rising opportunity costs, we have gained huge profits in property in the past. Time factor is also there but plays a lesser role as compared to an opportunity cost. Opportunities are growing for people actually and more and more people are migrating to big cities. They are migrating in search of jobs, livelihood educating their kids in better schools and above all to have a better life. This migration process has automatically created the demand for real estate properties and with money coming in at such a fast pace, prices of real estate will automatically increase thereby raising the price equilibrium.
Since the economy is growing slowly, are people really keen on investing in realty at the moment? What kind of response have you received from buyers?
I have received decent responses, business is however generated by cream and top class people and rest are nothing but end-users. Basically, every property dealer seeks business and profits at the end of the day. We are naturally committed towards our investors, but we have believed in developing good faith and trust with our users and potential investors with the pace of time. Once trust is built, we need not worry much about any business issue. Simply because our users know that we will not break their trust at any cost due to our non compromising approach towards quality and our commitment to keep our promises pertaining to delivery. In order to help people come up in business, we have come up with this realty business.
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