"Home buyers can expect some good offers that will promote property transactions across Indian real estate market" says Mr. Abdul Nathani, MD, Nathani Supariwala Realty
Established 22 years ago, under the aegis of its founder, Mr. Abdul Hamid Abdul Majid Nathani, Nathani Group is a prolific conglomerate with wide-ranging businesses, including transportation, textiles and investment. In 2006, the group further diversified into real estate with the incorporation of Nathani Supariwala Realty.
Nathani Parekh Construction Pvt. Ltd. is one of the several dynamic companies of the realty group. Ever since its inception, the Group, driven by the vision of its founder, and the like-minded visionaries who make up its board of directors, has scaled greater heights and become a proponent of corporate vision and innovation. Makaan.com talked to Mr. Nathani on his views on the real estate industry:
What is your medium term (9-12 months) outlook for the real estate market in India in general and Mumbai in particular?
In the next 9-12 months property market will recover from a slowdown and we anticipate a good amount of deals in a few months.
Are you planning any new launches during the festive season?
Yes, Nathani group is planning launches in luxurious as well as budgeted flats.
Can the home buyers expect cash discounts and freebies during the festive season?
The home buyers can expect some good offers that will promote property transactions across Indian real estate market.
How is real estate in West India different from rest of the country especially North Indian markets?
In West India, properties have more amenities and prices are on the higher side. Moreover, as opposed to North Indian real estate, due to land constraint focus is more on high rises.
What is your opinion on Villas and luxury homes and their demand in Mumbai property market?
Luxury homes are dream for everyone. Especially in Mumbai people like projects having all the amenities.
What policies do you look forward to from the Government and RBI that will be a relief for property across India?
In 2014, we are looking for easy norms and quick approvals from Government. We are also looking forward to 20:80 scheme being approved by RBI.
What is the current trend in the Commercial Real Estate Market? How are developers meeting the increasing demand of the corporate sector? Which are the upcoming corporate bases?
Commercial market is switching more towards the lease concept instead of outright and now areas like Andheri-Kurla Road, BKC, Goregaon & other Suburbs areas are new corporate hubs.
What can the home buyer/ property buyer expect from Nathani Group over the next 1-2 years?
Nathani Group is going to launch few premium as well as Budgeted flats projects in South Mumbai as well as Central Suburbs. Both will be a good deal for the prospective homebuyers.
Mr. Abdul Hamid Abdul Majid Nathani: Managing Director, Nathani Supariwala Realty
Born out of the vision for establishing a prestigious, successful company that would make invaluable contributions in strengthening the corporate world in India, Nathani Supariwala Realty has been powered by its Managing Director, Mr. Abdul Hamid Abdul Majid Nathani. This commerce graduate with the courage of his convictions and a desire to do something different, stepped into the business world through the business of transportation. His passion for the expansion found expression when he diversified into trade with the export and import of imitation jewellery and so Continental Exports was founded in 1990. He then ventured into the garments industry with Sterling Exports in 1994 and worked with renowned fashion houses such as Dolce & Gabbana, Givenchy, Stella & Dot, Roberto Cavalli and Stella McCartney. The next step was the world of investments and real estate, leading to the establishment of Nathani Parekh Construction Pvt. Ltd. in 2006.