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Priyanka Kapoor
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‘Slowdown Is A Mere Pause’
J C Sharma,
MD, Sobha Group
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Bangalore-based Sobha Developers, a Rs. 12 billion listed company has created a niche as a preferred real estate brand in the country. Since its inception in 1995, the company has gone from strength to strength, developing over 36 msf of area with over three dozen completed residential/ commercial in house projects. Having set bench marks for quality standards, sound business practices and customer-centric approach in the South, Sobha is now embarking on pan-India expansion in a big way.
J C Sharma , MD, Sobha Group, in an exclusive interview with Realty Plus shares his company’s plans to expand its footprint across India and the emerging trends, opportunities and challenges in the real estate sector. Excerpts:
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Q.
What are the emerging trends, challenges and opportunities in the real estate sector? |
You will observe that the market is getting consolidated. Large players from different regions are coming to the emerging markets i.e. players from Mumbai are moving to Bangalore or Bangalore-based players are doing projects in Pune etc. Bigger players are getting focused, more confident and scalable than what they were 2-3 years back. Similarly, smaller players are getting marginalized from the branding perspective, from getting good quantum of land and funding etc. Their network doesn’t support them to be relevant, banks don’t give them the money needed, they cannot take their company to the IPO, the terms and conditions for PE funding are quite tough while the market keeps expanding. However, the overall size of India’s market from real estate angle is very bullish. If you look from the point of view of challenges there has been increase in the interest costs which is hurting the customers directly. It is also impacting the developers because their cost of construction is also going up. There is a psychological perception today that prices may come down. All these factors may have brought a slowdown in real estate on all India basis but within that you will also notice that some developers are going for affordable housing, some are doing environment friendly projects while others are going for superior specifications with more facilities. They feel that there will be a virtue which will generate a required comfort and confidence.
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6 , Issue1 |
‘We Want To Be The Infosys Of Real Estate’ |
| Lalit Goyal,IREO's |
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6 , Issue2 |
We Have No Pan-India Aspirations |
| Manish Periwal,Periwal Group |
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Balanced Regulatory Act For Realty |
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PPP Model Key To Value Homes |
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5 , Issue3 |
Cost Reduction The Real Challenge |
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Mergers A Feature Of The Future |
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‘Slowdown Offers Opportunity’ |
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No Looking Back For Real Estate |
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Market Cities Will Be Preferred Retail Destinations |
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Rating Is Good For Consumers |
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Guided Growth Stimulates Realty Drive |
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Has to Address Affordability’ |
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Dire Need To Grow In Tier II, III Cities |
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Affordable Housing A National Challenge |
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| Irfan Razack,Prestige Estates Projects (P) Ltd. |
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‘Residential Capital Values Will Come Down’ |
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‘Residential Capital Values Will Come Down’ |
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‘There May Be Short-term Slowdown In Real Estate’ |
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Real Boom Yet To Come |
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Builders With IQ, and I For ‘Innovation’ |
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'Investment Potential In Kolkata Is More Than In Other Cities’ |
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Variety Is The Spice Of Nitesh Estate’s Contributions |
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Rahejas Giving India’s Urbanscape A New Look |
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‘Current Property Prices Are Sustainable’
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“We Provide Cost-Effective Real Estate Solutions” |
| Kamal Taneja,Taneja Developers & Infrastructure Limited (TDI) |
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‘Kolkata Real Estate Market Is Stable For Investors’ |
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Builders Have To Knock At Too Many Doors |
| Shridhar G Kulkarni,Shriram Properties Ltd |
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No Looking Back For Real Estate |
| Punit Beriwala,Vipul Limited |
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Foreign Buyers, NRIs Fuel Goa Realty Boom |
| Iqbal Naroo,Naroo Constructions, Goa |
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Corporates & Demand Driving Pune’s Realty Market |
| Atul Goel, |
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We’re In The Process Of Building Integrated Townships |
| Harshavardhan Neotia,Bengal Ambuja Housing Development Ltd |
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| Kushagr Ansal,AHCL |
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Bangalore’s Real Estate Goliath |
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“Bangalore real estate market is the most quality conscious market” |
| M A Vakil,Vakil Housing Development Corporation (VHDC) |
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Advantage Runwal! |
| Subodh Runwal,,Runwal Group |
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Advantage Runwal! |
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1 , Issue9 |
Real Estate Can Look Forward To Better Days |
| FAROOK MAHMOOD,SILVERLINE REALTY [P] LTD |
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“Too Late For Industry To Get Organised” |
| Sukhraj Nahar,Nahar Builders & Developers |
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‘FDI Funds Unlikely To Flood India’ |
| Rohin Shah,Meghraj Properties Limited, UK |
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More than FDI, We Need Venture Capital Financing |
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“Large Satellite Townships Will Spring Up” |
| Mofatraj Munot,Kalpataru Group |
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DLF’s Development Saga In Commercial Real Estate |
| Dinesh C Chandiok,DLFCDL |
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“We Will go Global With Gold Souk” |
| Surinder Gupta,Aerens Group |
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The Big Builder |
| Niranjan Hiranandani,Hiranandani Constructions Private Ltd |
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We Are Eyeing Infrastructure Sector |
| Laxmi Goel,Sun City Projects and E-City Entertainment |
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