Developer should be right.
While talking to Makhijani at Godrej One, the company’s new global headquarters at Vikhroli in Mumbai, one could see through the glass walls the construction happening around. “Godrej Properties is currently developing residential, commercial and township projects spread across approximately 13.70 million square meters in 12 cities. We invest in new technologies, give autonomy to the regional heads and have transparent processes which enable the company to deliver projects before time. As each project is a business unit in itself, the financials incomings & outgoings are also independent and for that project only.” Concluding the conversation, Makhijani expressed his opinion on affordable housing,” Affordability is a very subjective term that varies for every individual. Thane and Navi Mumbai and even Panvel and Kalyan realty markets are expanding in a big way due to improving infrastructure, better connectivity and reasonably lower property prices than Mumbai. However, one who has always lived in a certain area or locality would prefer to stay in the same neighbourhood even if expensive and buy a smaller residential unit. Even today, buying a house for an Indian is an emotional decision than a financial investment.”