The Real Estate Sector has not been performing adequately from a long time and the proposal of RBI Governor Raghuram Rajan is not favored by the Realtors in context of lowering property prices to encourage more people to buy.
It is due to increasing unsold stocks and delays in project completions the industry is facing slowdown and reducing more prices would surge chaos as according to Confederation of Real Estate Developers’ Associations of India (CREDAI) president, Getamber Anand price of 90 per cent of the residential supply in the country has already corrected. “If prices fall further, it will lead to non-performing assets (NPAs) and non-delivery of projects,” says Anand.
Pawan Kumar Dhoot, Managing Director, Dhoot Group also holds the same sentiment as according to him it is not a viable option to uplift the prevalent slump in the sector. He explains RBI has already offered deduction by 1.5 per cent cumulatively since January last year and earlier this month the policy rate was cut by 0.25 per cent to 6.5 per cent which is lowest level in more than five years.
Getamber Anand also clarifies the RBI statement by saying “His (RBI Governor) statement should not be taken out of context as he has recommended an adjustment and not necessarily a price cut. The adjustment could be through other ways like easy payment scheme to attract home buyers.”
Amongst all the dialect, the main aim of RBI Governor is to encourage investment in the real estate industry which according to him can be achieved if convenience is on investor’s side for which he adds, “There is an issue of certainly how they see the housing market and how they see prices. There has to be an adjustment so that more people want to go and buy.”
” Time Plaza is an ideal retreat for every shopper and buyer. Time Plaza features an attractive mix of renowned retailers, offering an extensive variety of quality merchandise, ranging from life style products, clothes and fashion accessories to electronics and groceries. To unwind and rejuvenate, there is the coffee lounge, Food court and restaurant, with a menu designed to appeal to every food-lover’s. Also it has Offices that gives an added advantage of work with leisure. Not only this, also a Premium hotel that ensures captive footfalls”. The Project is promoted by Sh. Pawan dhoot. “
Name :Time Plaza
Location :Sector 15, Atal Chowk, Vasundhara, Ghaziabad (India)
Area :1.25 lakh Sq.Ft
- PROJECT FEATURES
- Retail cum office Complex
- Floors- G+1+2+3+4
- Authorized freehold commercial by UP Awas Vikash Parishad
- Vaastu Friendly Layout and designs
- Shops ranging 300 to 2000 sq.ft
- Shops facing either Road or Atrium
- Branded Shops, Food Courts and Restaurants, Offices and Hotel
- Splendid Natural Lit Atrium
- Movement through High Speed Elevators
- Earthquake resistant structure
- Parking – Underground and surface parking for 175 Cars
- 100% DG Power Back-up
- Professional Mall Management
- High Quality Construction
- Low Maintenance
Dhoot Business Centre promoted by Sh. Pawan Kumar Dhoot and landmark project in Ghatkopar (Mumbai). The office complex is designed considering requirements of business users in & around Ghatkopar. All offices well ventilated with natural light, air and with state-of-the-art infrastructure, amenities & facilities.
Dhoot Group adds another contract to its list of prominent contracts and works. This time, it is in the competitive aviation industry. Indo Thai Airport Management Services and Vistara airlines have signed an agreement wherein Indo Thai will be providing ground handling services to the former. This is a first of its kind contract. An agreement was signed between the two parties in New Delhi. Indo Thai is one of the few companies in India to have qualified technically for grant of license by Airports Authority of India for offering its ground-handling services to various airlines. The license has been provided for a period of 15 years and the total commercial value of the contract is valued at around Rs 750 crores.
Vistara Airlines, after a series of technical audits and capability checks, has selected Indo Thai Airport Management Services to manage ground handling services. An agreement was signed between Vistara and Indo Thai in Delhi to officially seal the contract. Indo Thai is a joint venture between Dhoot Group and The Airports Ground Services (TAGS).Indo Thai currently provides ground handling services at various airports including Srinagar, Amritsar, Lucknow, Agra, Chandigarh, Varanasi, Udaipur and Jaipur.
The aviation sector is growing at a rapid pace. In a competitive scenario, efficient service is emerging as one of the biggest differentiators. This is precisely why the domestic as well as international airlines are considering outsourcing their ground-handling services to expert operators like Indo Thai. Pawan Kumar Dhoot, Promoter, Dhoot Group elaborated that as of now the company serves various domestic and international airlines like Air Arabia, Etihad Airways, Qatar Airways, Spice Jet, Go Air, Air Costa and Jet Airways and has plans of working across various other popular airports.
A left from the IFFCO Chowk, Gurgaon towards M.G Road would put you on a lane that boasts of extravagant malls and buildings. But there is one building amidst these huge structures which stands apart; Time Tower by Dhoot Group. No wonder the building bagged the award for Best Office Project PAN-India conferred by ZEE Business in association with RICS real estate at New Delhi’s Grand Hotel.
ZEE Business – RICS awards recognize projects which are better than their counterparts and have set new benchmarks of excellence in the industry. These awards are very prestigious as they reward innovation and futuristic designs. They motivate advancement among builders and community at large.
Pawan Kumar Dhoot, Director, Dhoot Group expressed his elation over winning the award. He elaborated that it was a moment of pride for the group and they will strive for better the next year and in years to come. Time Tower has garnered great reviews for its futuristic design and architecture.
The awards also honor individual expertise that has helped further India’s development through their developments in the real estate sector. The criterions for the award were pretty strict. Only the companies with completed projects could apply. This lent a lot of credence to the award conferred and also toughened the competition. The awards offered a discernible advantage to the consumers in general. They can now choose the project to invest their money into more wisely. The ZEE Business awards were presented by Investors Clinic and used a neutral, robust and impartial evaluation process.
” Each of our house plans is a unique interpretation of the home and includes an open floor plan, custom-styled features, and abundant amenities in a broad range”. Developed Farm House Colony is promoted by Sh. Pawan Kumar Dhoot. “
Name : Spring Drive
Location : Delhi
Area : 0.11 Million Sq.ft
Type : Developed Farm House Colony
- Fully integrated, developed farm colony spreading over 30-acres
- Each Farm Size – 2.5 Acres
- State-of-the-art interior and exterior
- Lush Green landscape
- Panoramic View
- Laundry Service
- Modern recreation centre and food courts
- 100% Power back up
- Ample Parking Space