The Emerging Affordable Luxury Segment
Founded in 1986, Siddha Group has conceived, designed and built residential and commercial complexes and townships at prime locations in several cities of India. With his primary goal to create world class spaces with high-end design and construction excellence within committed timelines and at competitive prices, Sanjay Jain, Managing Director, Siddha Group talks to Realty Plus about the company and its way ahead in today’s real estate sector.
How was the performance of the Siddha Group amid the policy changes in the real estate sector?
The amalgamation of the policy changes in the real estate sector in the past year has helped us and the real estate industry to be more organized and provided a boost to both residential and commercial segments. We have been following a system which is in line with the guidelines of RERA even before the act came into effect. RERA has indeed infused great transparency and structure making it an investor-friendly market and expect more traction. Buyers who were fence sitting in anticipation of some clarity on the new regulations are now seeking homes owing to the reinforced sentiment that has benefited us with the sales of our project Siddha Seabrook in Kandivali West. The policy reforms and developments had a cumulative positive impact on the overall sector and helped build long and trusting relationships between the buyers and us.