By Accommodation Times Bureau
One man dragging the dead real estate market to a bull run is Amit Wadhwani. He heads Sai Estate Consultants, one of the leading real estate consultants in Mumbai, revolutionized the real estate market. Every week, its target of SAI Estate, a 100 cr inventory must be sold.
In an exclusive interview with Accommodation Times, Amit Wadhwani revealed many success stories:
AT: How is the real estate market and what will be out look in 2018?
AW: The market has tremendous potential and I beleive we have a huge demand to cater. Real Estate market in 2018 must reverse many trends which we have seen in recent past. It doesn’t matter whether we have demonetisation , GST or RERA. People are going to buy. Real Estate is need based industry and we all not only need one but wants to upgrade always. Hence inclusive demand and organic growth of real estate will happen. Players in real estate are optimistic in years to come. Good time ahead for the industry.
AT: What is the best segment or bracket at which demand persist?
AW: I think affordable housing is the only answer. People wants affordability at every level be it small budget homes or premium range. A little correction of price was needed and we have seen huge demand for every sq ft which we put to offer. In City like Mumbai, we can have Rs50 Lakh to Rs90 Lakh a best bet. People are willing to pay for good location and good project.
AT: How you see real estate post RERA?
AW: I think the best thing to happen to real estate is RERA. The Regulator have given us opportunity to have endorsement which we have always sought after. It works like credit rating agency where people have faith in the controller. every project which needs to market and every real estate broker must avail the opportunity given by RERA of respective state to be professional and give maximum transparency to the property buyers.
AT: What do you think of overseas markets for Real Estate Projects?
AW: I think this is right time to tap Gulf and European market. Also NRIs are looking at India for opportunities in real estate investments. Sai Estate duty bound to cater its NRI and MNC cleints for best investments and safe deals.