The burgeoning demand for real estate and infrastructure projects is driven by rapid urbanization, population growth, and economic development. Cities are expanding, leading to increased demand for residential, commercial, and industrial spaces. This growth necessitates streamlined services to manage space efficiently, enhance connectivity, and support sustainable urban living. Consequently, there’s a significant opportunity for real estate and infrastructure development companies to meet these escalating needs through strategic planning, investment, and implementation. Real estate and infrastructure development companies can address this rising demand by adopting a holistic approach that integrates sustainability, technology, and community-focused planning. One such company is Royal India Corporation Limited (RICL).
They are a leading real estate and infrastructure development company dedicated to creating luxurious living spaces and catalyzing regional growth. With a strong focus on excellence, and quality, the company’s milestone projects like the Kalyan Marina, Vertu in Wadala, and Orient in Matunga showcase their superior commitment to delivering quality living experiences. Their aim is to deliver exceptional value to our clients, stakeholders, and partners, shaping the landscape of real estate and infrastructure development with every project.
Constrofacilitator recently had an exclusive interview with Dipesh Tailor, Advisor, Royal India Corporation Limited (RICL). He is a seasoned professional with 14 years of experience working with prominent organizations such as Standard Chartered Bank and SBI-SG Global Securities Services Private Limited. He specializes in comprehending and navigating the intricate landscape of Indian regulations pertaining to Foreign Portfolio Investment (FPI), Foreign Direct Investment (FDI), and Foreign Venture Capital Investor (FVCI) investments in India. During the interview, he shared insights on adoption of sustainability across projects, current trends shaping the real estate and infrastructure development sectors in India and much more.
Here are the excerpts of the interview.
1. In your view, what are the current trends shaping the real estate and infrastructure development sectors in India, and how are companies leveraging these trends to drive growth and innovation?
Technology is the key factor for this new India. Current trends shaping the real estate and infrastructure sectors in India include smart technology integration with sustainable building practices and affordable housing. India is a different market, specifically Mumbai, companies are leveraging these trends by adopting green building standards to reduce environmental impact, incorporating smart home features to enhance living experiences, and developing cost-effective housing solutions to meet the growing demand. These trends are helping companies drive growth by appealing to environmentally conscious consumers and tech-savvy buyers.
2. How important is sustainability in today’s real estate projects, and what strategies do leading companies employ to integrate sustainable practices into their developments while meeting market demands?
Sustainability is extremely important in today’s real estate projects. It helps reduce environmental impact and can lead to cost savings in the long run. RICL integrates sustainable practices by using eco-friendly materials, incorporating energy-efficient systems, and designing buildings to maximize natural light and ventilation. They also focus on water conservation and waste management. These strategies not only meet market demands but also attract buyers and tenants who value green living. These are some of the important points which today’s buyer looks for.
3. With the increasing focus on community impact and stakeholder engagement, how do successful real estate developers foster strong relationships with clients, stakeholders, and local communities throughout the lifecycle of their projects?
One thing which needs to be kept in mind is that for any Indian, buying a house is achieving a dream. A successful real estate developer needs to have a good repo with his consumer. He needs to foster strong relationships by maintaining open communication, actively seeking feedback, and involving stakeholders in the decision-making process. Transparency is the key which gives confidence to the buyer. They should hold regular meetings, provide updates on project progress, and address any concerns promptly. Developers also engage with local communities through initiatives that support local development, such as building parks, improving infrastructure, and supporting local businesses. These efforts build trust and ensure that projects meet the needs and expectations of all parties involved.
4. What are the core values that guide RICL in its real estate and infrastructure development projects?
The core values that guide Royal India Corporation Limited (RICL) include quality, integrity, customer satisfaction, and innovation. Quality is at the forefront, ensuring that every project meets the highest standards. Integrity means conducting business honestly and transparently. Customer satisfaction is crucial, as RICL strives to meet and exceed client expectations. Lastly, innovation drives RICL to adopt new technologies and methods to create better, more efficient developments.
5. How does RICL envision its role in the future of real estate and infrastructure development in India?
RICL envisions its role in the future of real estate and infrastructure development in India as a leader in quality and innovation. With the upcoming Kalyan Marina project, RICL is setting a new standard for luxurious and sustainable living at an affordable price. Kalyan is currently experiencing significant infrastructure development, and RICL is contributing to this growth with its cutting-edge project. Kalyan Marina will feature spacious living spaces, world-class amenities, and eco-friendly practices, aligning with the city’s development goals. RICL plans to continue investing in advanced technologies and sustainable methods, developing projects that meet and exceed market expectations. By doing so, RICL aims to enhance the quality of life for residents and support the economic development of Kalyan and other emerging areas in India.
