Connect with us

News

Tulsiani to set foot in NCR

Anil Kumar Tulsiani, CMD, Tulsiani Constructions And Developers LimitedAfter many a successful launch in Uttar Pradesh, luxury real estate firm Tulsiani Constructions and Developers is marking its presence in other locations in the country. Tulsiani is an Allahabad-based company having expertise in design and development of residential and commercial property. Claiming ‘People First’ to be its mantra, the company says the people, their needs and quality of life, and the environmentare vital inputs for its engineering, landscaping or choice of location.

With a firm belief in ethical and responsible business practices, all the projects of Tulsiani are associated with uncompromising construction standards and aesthetic beauty. The company is driven by the entrepreneurial passion of Anil Kumar Tulsiani and Mahesh Kumar Tulsiani.

The following are the excerpts from an exclusive chat Realty & More had with Anil Kumar Tulsiani:

Which are the areas where you have ongoing projects now?

Till now our ongoing projects are based on Uttar Pradesh only i.e Lucknow, Allahabad and Meerut but the company is now planning to expand in NCR also.

What is the delivery schedule of those? And are they running as per schedule?

Advertisement

The delivery schedule is three years from the date the construction starts and our projects are running as per schedule.

Do you buy the theory that real estate prices have to come down for the revival of the sector?

The theory that real estate prices have to come down for the revival of the sector is correct as we all know that there was sudden fall in the demand in 2014-15, when the market had become very competitive and the private developers were just concentrating on the mid-income and high-end housing. Now the focus is shifting to products of less price i.e. affordable housing which will provide an appropriate option to diversify risks to the developers.

What are your views on the recent comments that real estate developers should limit themselves to legitimate profit only?

Yes! Real estate developers should limit themselves to the legitimate profit only so that they can cater to the mass not the class with affordable price.

Advertisement

Do you think that growth potential is more in Tier-II and Tier-III cities as compared to the metros?

Yes, I feel that growth potential is more in Tier-II and Tier-III cities because in metros there is no land parcel within the city limits pushing the developers to aggregate land at suburban location where a high-end project might not be successful.

How different is the Delhi-NCR market from the real estate market of Uttar Pradesh?

Properties in Delhi & NCR i.e. Ghaziabad, Noida and Greater Noida are selling due to their massive industrialisation whereas in Uttar Pradesh there are other factors which work i.e. peaceful spiritual environment. Varanasi and Mathura have also given a rise to the demand of Uttar Pradesh property among the intellectuals. The escalating price of residential real estate and commercial real estate in Uttar Pradesh ensures profitable returns in future.

Which are the emerging and promising destinations in Uttar Pradesh?

Advertisement

Lucknow, Kanpur, Agra, Meerut, Varanasi and Mathura.

Why Lucknow has not been able to be in race of hot real estate destinations as compared to big cities of other states?

Because of no industrialisation and lack of infrastructure development, Lucknow has not been able to be in race of hot real estate destination as compared to big cities of other states.

What are your future plans?

We are coming in Gurgaon with affordable housing and some more projects in Lucknow.

Advertisement

Do you think real estate market will be able to meet up the huge demand and supply gap in affordable housing?

Yes, the real estate market will be able to meet up the huge demand and supply gap in affordable housing because the Government and private builders also are focusing on this segment.

 

Latest News

Events2 days ago

Danube Properties’ Dh525 million Opalz sold out on the first day of launch

October 4, 2022: Danube Properties, the UAE-based affordable housing developer, said, its latest project Opalz, a twin-tower residential project with...

Events2 days ago

Pacific Mall D21’s ‘Dussehra Celebrations’ drops the curtain with high attendance

New Delhi: Pacific Mall D21 organised a two-day Dussehra celebration and Garba Night, attracting massive turnouts. The special arrangement of...

News2 days ago

Tata Value Homes sells over 100 residential units at New Haven, Bahadurgarh at launch

Delhi/Haryana October 4, 2022: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata...

New Launches2 days ago

Welspun Corp opens steel plant in Anjar

October 3, 2022, Anjar, Gujarat: Welspun Metallics Limited, a subsidiary of Welspun Corp Limited (WCL), the flagship company of the Welspun...

Events2 days ago

Over 1500 cyclists join Hiranandani Thane Cyclothon 2022 to support ‘Rhyme for Earth’ initiative

October 2, Thane: The Hiranandani Group hosted the first Hiranandani Thane Cyclothon today from its thriving Thane township, Hiranandani Estate. Over...

New Launches2 days ago

Ashiana Housing adds over 900 senior living units with Villas and Apartments with the launch of Ashiana Advik in Bhiwadi

New Delhi, October 3, 2022: New Delhi-based real estate developer Ashiana Housing has announced the launch of Ashiana Advik in Sector 39, Bhiwadi....

Trending