The Indian real estate market is currently witnessing a surge in demand, driven by several notable trends. Affordability stands out as a critical factor, reflecting the increasing need for housing options accessible across various income segments. Moreover, sustainability has gained prominence, spurred by growing awareness and the preference for eco-friendly and energy-efficient properties. Concurrently, technological advancements are reshaping the market dynamics, exemplified by innovations such as virtual property tours and online transactions, which are enhancing the overall customer experience. Additionally, the evolving nature of work, including the rise of remote work and entrepreneurship, is fueling demand for flexible co-working spaces and mixed-use developments. To navigate these trends effectively, a quality real estate consulting company plays a pivotal role. By offering insights into market dynamics, identifying emerging opportunities, and providing strategic guidance, such a firm can assist clients in meeting evolving demands. This entails leveraging expertise in market analysis, sustainable development practices, technological solutions, and innovative project planning to drive success in the dynamic Indian real estate landscape. One such company is Geetanjali Homestate.
With a legacy of excellence and a vision for the future, the company takes pride in its innovative approach to real estate development. Their projects are not mere structures; they are living, breathing hubs of connectivity, sustainability, and prosperity. What sets them apart is their commitment to holistic development. From inception to completion, they prioritize sustainability, accessibility, and inclusivity, ensuring that their projects resonate with diverse communities and leave a lasting positive impact.
Constrofacilitator recently had an exclusive interview with Sunil Sisodiya, Founder, Geetanjali Homestate. He is among the leading real estate service providers in the National Capital Region (NCR). He specialises in end-to-end real estate assistance and to bring his professional approach to the industry. During the interview he shared insights on Indian real estate industry’s current trends, market potential, consumer demand and much more.
Here are the excerpts from the interview.
1- Can you provide your insights on the future outlook of the real estate industry in India, considering recent trends and market dynamics?
I think India’s real estate industry has been crucial to India’s economic expansion over the years. This industry includes a wide range of operations, such as the development of infrastructure, retail and industrial areas, and residential and commercial real estate. The sector is one of the main forces behind India’s economic growth due to its large GDP contribution.
According to a report by the Confederation of Real Estate Developers’ Association (CREDAI), the real estate industry is predicted to reach a market size of $1.3 trillion (or 13.8% of the estimated GDP) by FY 2034 and $5.17 trillion (17.5% of the projected GDP) by FY 2047, Furthermore, by 2030, the research estimates an extra demand for housing of 7 crores. The Indian real estate sector has had a major impact on employment, government and banking system revenues, rising per capita income, and other macroeconomic indicators as well as the general expansion of the economy. We are hopeful that as the country works to expand its economy, real estate will once more play a significant role
2- What is the current trend driving growth in the real estate industry, and how is Geetanjali Homestate positioning itself to leverage this trend?
The significance of the real estate sector in promoting stability and economic growth can’t be underestimated. The Indian real estate market is experiencing a transformative period shaped by government policies, technological advancements, sustainable practices, increasing housing demand, and regulatory measures like RERA. We understand these evolving dynamics to better serve clients and capitalize on emerging opportunities. Today’s home buyers are increasingly focused on the quality of the product, and they are willing to invest more in properties that offer higher standards. The market is witnessing new trends driven by urbanization, rising disposable incomes, and the desire for modern conveniences and facilities. Homebuyers are looking for properties equipped with recreational amenities, energy-efficient appliances, and smart technologies. The COVID-19 pandemic has also reshaped how people view living spaces, with a renewed emphasis on private areas such as balconies and home offices. Developers are adapting to these changes by offering products that meet these new preferences. Geetanjali Homestate, for instance, is well-positioned to leverage these trends by focusing on high-quality developments that incorporate modern amenities, energy-efficient solutions, and smart technologies. The company’s commitment to sustainability aligns with the increasing demand for eco-friendly buildings.
By understanding and adapting to the latest market trends, we can help homebuyers make informed decisions and capitalize on the dynamic landscape of the Indian real estate market. This proactive approach not only enhances client satisfaction but also drives business growth in a competitive industry.
3. How does Geetanjali Homestate cater to the ever-changing consumer demands in the real estate market, and what strategies do you employ to stay ahead in this dynamic landscape?
We have effectively navigated global recessionary trends through strategic measures that ensure continued growth and success. By optimizing operational efficiency, streamlining processes, and implementing cost-saving initiatives without compromising quality and customer satisfaction, we have maintained our standards. Furthermore, we have diversified our portfolio to include a balanced mix of residential and commercial projects, mitigating risks and capitalizing on market opportunities. Our robust financial management, prudent risk assessment, and proactive approach have enabled us to overcome the challenges posed by the global recession and emerge stronger.
4. Could you share some key milestones achieved by the company that highlights your commitment to excellence and innovation in real estate development?
We experienced certain key milestones in specific projects and regions within Delhi-NCR. We identified emerging areas with untapped potential, and we strategically planned to capitalize on them. These opportunities include the development of upcoming residential and commercial hubs, areas with new infrastructure, and regions with high demand for affordable housing.
To seize these opportunities, we employed a comprehensive approach. We conducted thorough market research and feasibility studies to pinpoint the most promising projects and regions. Geetanjali also has a membership with NAREDCO & FICCI. We collaborated with reputable developers to ensure the delivery of high-quality projects. Our customer-centric approach allowed us to understand the evolving needs and preferences of homebuyers and businesses, enabling us to offer projects that meet their requirements.
5. With the rapid advancements in technology, how is a company leveraging innovation to enhance the design, construction, and management of its real estate projects?
At Geetanjali Homestate, we are dedicated to leveraging technological innovations to transform how we connect clients with their ideal properties. By integrating cutting-edge technologies into every phase of our operations, we ensure efficiency, transparency, and superior client experiences. We utilize advanced analytics and AI-driven tools to provide personalized property recommendations and market insights, enhancing the decision-making process for our clients. Our use of virtual tours and digital platforms streamlines the property viewing process, making it more convenient and accessible. By staying at the forefront of technological advancements, Geetanjali Homestate is committed to delivering innovative, client-focused real estate solutions that exceed expectations.
6. In what ways does the company prioritize sustainability in its real estate projects, and how does this align with the company’s values and vision for the future?
We understand the growing importance of sustainability in real estate, and we are committed to offering properties that reflect this value. Our portfolio includes properties built with eco-friendly practices, featuring energy-efficient technologies and sustainable materials. We are proud to connect clients with homes and commercial spaces that prioritize the environment, ensuring that their investment contributes positively to the planet.
We actively seek out and promote properties that foster sustainable living environments, enhancing the quality of life for residents and the broader community. Our goal is to support and lead the market towards greener choices, setting new standards for environmental stewardship in real estate.
Sustainable development is not just a trend but a necessity, and at Geetanjali Homestate, we ensure that our clients’ investments align with their values and the needs of future generations. We are dedicated to help the homebuyers for a sustainable legacy for a better tomorrow through informed and conscientious real estate choices.
7. What are the company expansion plans and target market? How do you envision scaling your operations while maintaining your core values and quality standards?
We are excited to announce our strategic expansion with new offices in the metropolitan cities of Mumbai, Pune, Goa, and Lucknow. I think this move will underscore our commitment to delivering premium real estate solutions to a broader audience and strengthening our presence in these key markets. As a premier real estate consultancy firm, we have had a long-standing tradition of meeting the diverse needs of property seekers and investors. Our expansion aims to extend our exceptional services to clients in these highly sought-after real estate markets, ensuring they receive the best guidance and opportunities in the industry. With this growth, we continue to uphold our dedication to excellence and customer satisfaction, helping more clients achieve their real estate goals.