I LOVE THE PERKS & CHALLENGES OF REAL ESTATE
Consistent quality, value for money, futuristic designs and product delivery on time are the four main pillars of Rudra Builders, founded in 1995 in Gujarat by visionary Janakbhai Barot. The young scion Rudra Barot, C.E.O, R-Stone Design and Build Pvt Ltd. shares his vision for the company.
Following his father’s footsteps, the young creative multitalented Rudra Barot aims to take the company global with his strong business acumen and strategically planned layout for the company through the newly found sister concern R-Stone Design and Build Pvt Ltd.
How do you see the real estate sector transforming in coming times?
Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030. Housing sales in the July-September 2020 quarter increased by a strong 86% on a quarterly basis. A strong policy support by the government, low mortgage rates, stamp duty and property registration fee reduction in a few states, along with incentives offered by developers have all contributed to the sustainability of this segment. In terms of transformations, along with affordability, builders will also have to offer facilities for a healthy lifestyle in the post-Coronavirus period. I believe, now customers are not satisfied only with quality living spaces and locational advantages, the future of real estate will depend on the integration of high-grade efficient delivery of personal mobility, housekeeping, wellness, digitally-enabled doorstep service, payments and other necessary concierge services
Reasons for the Company’s foray in Mumbai and vision for its future growth
Mumbai provides developed infrastructure, easy connectivity and access to public amenities. However, it is one of the most expensive real estate markets in the country and doing business in Mumbai is not an easy task. It was my decision to come to Mumbai as it leads to my ultimate goal of making a name for Rudra Builders globally. Furthermore, Mumbai Metropolitan Region (MMR) is the largest market for residential sales in the country. Also, among the top seven cities in the country with total inventory base of 6,41,860 homes, MMR region has 31%. These indications point out to the trend that the demand for residential properties in MMR will continue.
I want to deliver quality living standards to every individual investing in Rudra builders, with excellent after sales services and timely project delivery to maintain the trust we have built over two decades. We understand the necessity of keeping up with growing need and changing times. My vision for Rudra Builders is to reimagine the local real estate market through a combination of new-age construction technologies and innovative design approaches. We want to deliver world class amenities and solid structures all across the globe.
“Rudra Builders has successfully delivered over 5 million sq ft in Gujarat across residential, commercial and hybrid projects. We moved to Mumbai in the year 2019 and aim to expand to other major cities in India and eventually take the company global as a part of the long term planning.”