Vineet Goyal, MD, Kohinoor Group talks about Kohinoor Pune’s real estate legacy over the last 38+ years and the expansion plans for the future.
Tell our readers about Kohinoor Group and its Business Module
Kohinoor Development Corporation is an integrated real estate & infrastructure development company with a 38+ years legacy. The company is diversified into Land, Warehousing, Student Housing, Residential Homes & Commercial office spaces.
Help us understand about Pune Real Estate Market and current development
The Pune market has seen significant growth in the recent years and home buying sentiment saw a considerable improvement in January 2022. The residential market saw a healthy balance of demand for both new and resale properties in the first three months of this year amid accommodating various payment schemes by developers and zero-GST on ready homes.
Pockets such as Wakad, Tathawade, Hinjewadi, Dhanori & Kharadiwere the most preferred locales, with 2 BHK ready homes gaining maximum traction and seeing maximum number of launches as well. In commercial, the new metro line is seeing Pimpri – Chinchwad as the emerging business address for commercial offices.
Tell us how the Real Estate industry is recovering post COVID-19
In the last 2 years, the Covid-19 pandemic caused incredible upheaval in the real-estate industry. With the world opting for work from home there has been immense rise in inner-city rental vacancies and subsequent price drops to the increasing pressure on rural and suburban home prices.
As the world sets off to recover from the severe economic disruptions caused by the pandemic, many real-estate investors want to know what will happen next. This new year saw many new launches in both commercial and residential we are hoping to see price correction and revival in the market in this ongoing financial year.
According to a recent industry report, 78,627 residential real estate units were sold in January-March 2022, which is a record four-year high, we would like to know your thought on that.
March’22 has been an exceptional month even for Kohinoor with excellent sales across our projects in Dhanori, Tathawade, Hinjewadi, Talegaon &Bibwewadi.
Tell us how technology has changed the construction practices and reduced the delivery time.
As construction demand continues to grow in both residential and commercial front, developers now must keep up with the much changing trends and fashion in the real estate industry. Builders are addressing their new expansion by adopting new technology and construction methods.
There are so many different technologies available today which did not exist a few years ago. Today, the use of new technologies has forced construction companies and developers to evolve and adapt to the new methods. Adopting new technology has helped the sector grow, evolve, and survive this pandemic all at the same time. However, it is importance to match technological choices with an organization’s business strategy to suit the sales and marketing activities.
Indian GDP is expected to grow 7.8 per cent in the fiscal year 2023, help us understand what role of Real Estate will of achieving that.
Real estate is a significant contributor to India’s economy. With the financial growth of the urban population & the increasing number of qualified professionals entering the knowledge workforce, the demand for homes & offices is only set to increase further. The increased demand for homes & offices, sets several related industries into motion – all of which have a cumulative effect in the growth of the economy.
This interview was authored by Vishwasjeet Singh, Editor-in-Chief, Estrade Business News. To share more stories kindly email: vishwasjeet@estrade.in
