Replying to Yash Ved of IIFL, Lansel D`souza says "We will be launching a mini township in Chandapura, Bangalore and in Taloja, Navi Mumbai in coming months."
What is the demand do you see for Indian real estate as well as global real estate market?
We foresee the demand going up in Indian Real Estate as the interest rates have come down marginally. At the same time, we expect the rates to come down even more, further fuelling demand locally.
Customers who have been waiting for the rate cut should see this is as an ideal opportunity to enter the market now. Globally, there will be more focus from investors and individual buyers into good real estate options in India. They will be more focussed on high return investments rather than follow the traditional urban markets.
What is the unique concept in Weekend Homes?
Our weekend home differentiator is basically to focus on providing more quality family time to our customers. The primary thought behind it was to have an alternative option for people where they can enjoy and relax. Weekend homes are just two hours away from your city with scenic surroundings, infrastructure and facilities which makes it perfect for your weekend getaway. It will be a home away from home. Our weekend homes provide wide range of facilities and activities for people of all age groups like a relaxation zone, nature trails, landscaped gardens, swimming pool, camp site, sporting facilities and many more.
Brief us about your current and upcoming projects in residential, commercial, retail segment?
We have many land investment projects in the 7 states of the country which is unique in terms of the breadth of geography we cover. Very seldom do customers find options across different states from the same land developer as we offer. We have apartment projects on-going in Pune as well as in Bangalore. Our flagship projects will be coming up in Bangalore and Navi Mumbai shortly.
Are you planning to expand presence in UAE?
While our product offerings are located only in India, we have a wide marketing presence across the Middle East. We are looking forward to expand our presence to Saudi Arabia as it is the sole remaining place in Middle East for us to expand directly. We see great potential in Saudi Arabia market.
Your new project launches for the coming months?
We will be launching a mini township in Chandapura, Bangalore and in Taloja, Navi Mumbai in coming months. The project in Chandapura, located very close to Electronics City, has duplex apartments from 26 lakh onwards with amenities like moonlight cinema, a cricket stadium, and a dedicated app for the community and so on.
What are the issues ranging from transparency and ethics in Indian real estate?
The major issues in the industry at present are that of transparency in transaction and delay of handover of the projects. Another major concern in real estate sector is the difference in the quality you were promised and the actual delivered reality of the project. All these factors reduce the credibility of the developer and ruin the relationship with the buyer.
What is your outlook on real estate prices?
The prices look stable in the sector. There have been over supply in few areas and they might see some corrections in the near future. From a customer’s point of view, investing in upcoming destinations near urban metros might see them earn highest returns in the near future.