The Wadhwa Group clocks revenue over 550 crores in span of 15 days
The developer launched 4 new projects in the mentioned period
Mumbai: The Wadhwa Group, one of India’s leading real estate development companies and a prominent realty player in Mumbai, witnesses an upsurge in business and clocked revenue of over 500 crores in the last 15 days itself. The developer has launched 4 new projects in the same period out of which 3 projects are residential and 1 project offers boutique commercial spaces. The Wadhwa Group launched a new tower Orchard at their project TW Gardens in Kandivali; Azure at their project Atmosphere O2 in Mulund; a new project Dukes Horizon alongside a commercial project The Epicentre in Chembur. All these projects have received a massive response with as many as 375+ units sold in these projects accounting to revenue worth 550+ Cr within a few days of the opening. The projects have emerged as the preferred choice for buyers who consider connectivity, convenience, healthy living and reputation of the developer to be an important factor for buying a property. The company also witnessed increasing demand for larger homes with the prevalent work-from-home culture, wherein the units with extra space/study room/ decks emerged as the best-performing category.
According to recent studies, home buyers prefer organized players having a good track record of execution. The robust sales and increased new launches by top players are only likely to grow in the upcoming quarters, especially since homebuyers are now more skewed towards leading developers who assure them timely project delivery and quality construction.
Commenting on the success factors, Mr. Navin Makhija, Managing Director, The Wadhwa Group says, “We are extremely thrilled by the stupendous response received for our new project launches. We have seen increased interest from the homebuyers with the site visits at our properties rising 15-20% higher than the pre-Covid levels. The success of these projects is the affirmation of the fact that good projects by trusted developers are doing well. The credibility of developers, quality of construction, design and planning of the project, infrastructure support and timely delivery are paramount. Apart from this lower home loan interest rates along with reduced stamp duty has been an added advantage.”