Real estate market lures a number of potential buyers and is usually considered a safe bet by the investors. As a matter of fact, this sector too has its highs and lows just like any other market. For instance, there was a boom in the realty sector from 1988-1994. On the other hand, the market was stagnant during the year 2002. Pawan Kumar Dhoot, M.D. Dhoot Group, one of the leading realty entities highlights that it is imperative for the investors to consider certain factors before investing in this sector.
At present, the number of people buying residential properties has decreased drastically. The increase in the property prices compared to the average income of individuals is one of the major reasons for this. Thus, there arises a dire need to induce the concept of affordability in the real estate prices.
The level of demand is also determined by Rental yield (the amount of rent paid per annum over the cost of buying a property). People prefer buying their own home over living in a rented property if the rent is higher than the EMI to be paid for purchasing a property. There is a direct relationship between rental yields and the level of demand. In other words, the demand tends to increase if the rental yields are high.
According to Pawan Kumar Dhoot, Managing Director of Dhoot Group, the real estate market is a speculative market and thus moves in cycles. Talking about the present state of the market, he anticipated that the current correction phase will last for a few more years. The stagnancy in the realty sector has resulted in a number of unsold inventories. There has also been an increase in the cost of construction over the past few years. The increase in cost during diminishing demand has pressurized the developers to lower down their prices.
In such critical situations, it becomes important for the investors to undergo a comprehensive study of the market in order to ensure great returns and make the best use of their resources.
‘Make in India’ the Prime Minister’s initiative, is a concept which is timed just right, said Pawan Kumar Dhoot, MD, Dhoot Group. “India’s demographic advantage remains under-utilized, despite a boom in the service sector. India’s policy-makers have realized that a labour-intensive manufacturing sector can not only generate more employment and increase the overall income levels, but also set in motion the wheels of business towards robust economic growth. As part of his efforts to make India a manufacturing hub, Prime Minister Narendra Modi has launched the ‘Make in India’ campaign last week.Dhoot Group welcomes the government’s plan to facilitate investment, foster innovation and build the best-in-class manufacturing infrastructure in India,” he said.
Focusing on the Prime Minister’s ‘Make in India’ campaign, Pawan Kumar Dhoot said it aims to boost the Indian manufacturing sector as also bring in massive investments. “So, ‘Vision 2022’ should be about ensuring that India becomes an economic super power, one where citizens also have eco-friendly living amidst environment-friendly Smart Cities – truly, a vision for which we all need to work together, and ensure that the dream becomes a reality,” he said. For this, the wish-list includes single window, time-bound clearances and permissions, these are basic things which Real Estate needs to fulfill the vision of Housing for All Indians by 2022.
“Prime Minister Narendra Modi has promised more economic reforms and a stable tax regime so as to take manufacturing’s share in the gross domestic product to 25 per cent in the near future. Addressing the Make in India event in Mumbai, he promised to make India’s tax regime more efficient and said his government was streamlining processes to ease investments. India is simplifying processes like licences, security and environmental clearance, the Prime Minister also said there is an all-round emphasis on ‘ease of doing business’. This is a promising start,” said Niranjan Hiranandani.
“We already have the vision (Homes for All Indians by 2022) and the campaign (Make in India),” said Pawan Kumar Dhoot. “What we need to ensure success is to supplement both with enhanced skill-sets for the human resources, which will ensure ‘Make in India’ becomes a reality,” he concluded.
26 north and south facing villas spread across sprawling 4.5 acres. 170 m pedestrian-only green spine running from the front of the property to back. Combines the exclusivity of bungalow living with the merriment of community living. Olympia Enchante is a Pre Certified PLATINUM rated Green Building.
Name : Olympia Enchante
Location : Whitefield – Bangalore
Area : 0.2 Million Sq. ft.
Type : Residential
- 26 north and south facing villas spread across sprawling 4.5 acres
- 170 m pedestrian-only green spine running from the front of the property to back
- Combines the exclusivity of bungalow living with the merriment of community living
- Olympia Enchante is a Pre Certified PLATINUM rated Green Building
Time Centre an office-cum-shopping-complex is designed keeping in mind the pace of time. Time Centre Project promoted by Sh. Pawan Kumar Dhoot and Ninex Group. Project Located at Golf Course road, Time Centre will provide ultra-modern infrastructure and facilities which will make it a right destination for the retailers, corporate world and shoppers
Dhoot Group of Real estate Companies India started way back to 1962 in a truly entrepreneurial style by its visionary – Sh. Kedar Nath Dhoot- Our Inspiration Mentor, Dhoot Group.
Nurtured over the years with hard work, determination and dedication by Sh. Pawan Kumar Dhoot, the Group today has grown into a large business conglomerate with true pan India presence.
Dhoot Group is through professionally managed organizations were in strategic and policy related decisions are made by poll and team of qualify professionals carry out day to day operations.
Management transparency, professional approach, commitment to excellent quality & service, timely deliveries, extremely high quality construction standards, and efficient systems with latest infrastructure have helped the Group to achieve high brand reputation all over the country. Today, we have more than 100 companies and more than 10,000 people are directly and indirectly employed with us.
The ability of meeting the challenges of time and technology has helped Dhoot Group in experiencing incredible growth and shaping the then a small group into multi-crore enterprise.
Today, Group has expanded its business to sectors as diverse as Real Estate and Infrastructure, Power, Manufacturing, Finance, Education, Healthcare and Hospitality.
Name : Olympia Platina
Location : Guindy – Chennai
Area : 0.115 Million Sq.ft
Type : Commercial
- A 9 storied marvel in 0.115 Million square ft. area
- Located at the prime Guindy Industrial Estate [housing some of the best IT addresses]
- Built as per the IGBC norms and has applied for pre certification – GOLD
- A boutique project identified to support smaller IT / Commercial office space needs.
Location :ECR – Chennai
Area :1.5 million sq ft
- 1.5 million sq ft of high end residential development – 116 apartments and 163 villas
- First approved high rise development on ECR with un hindered view of the Bay of Bengal
- Access to a natural eight-acre lagoon
- Luxury villas, sky apartments, boutique retail, infinity pool, spa and resort-style club house