De­vel­oper should be right.

Realty Plus - - Property Talk -


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.”

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