Tag: Vijay Khetan Group

Business World

Metro connectivity, the biggest X-factor for Andheri’s realty growth

Apr 25, 2021 by Neel Achary 0 Comments #Director, #Mr. Anuj Khetan, #Ms. Shraddha Kedia-Agarwal, #Transcon Developers, #Vijay Khetan Group

Andheri is one of the largest areas of Mumbai that possesses many gated communities, luxury apartments and commercial spaces. The location offers excellent connectivity, good social infrastructure and a walk to work culture which is the main reason for its rapid growth. Thus, there is no denying that Andheri is certainly one of the best places to live in Mumbai. Speaking about the Andheri realty market, it is always classified into two parts – Andheri West and Andheri East. While Andheri West is one of the opulent and the oldest residential areas of the city, comparatively Andheri East has transmuted into a major commercial destination and is the densest micro-market in Mumbai.

Andheri_metro_station

Andheri West is a highly sought-after residential destination due to its bustling and luxurious lifestyle. The suburb is well-connected with major landmarks of Mumbai and houses some of the biggest entertainment companies in the country. Home to a number of reputed educational institutes, retail & entertainment destinations, healthcare facilities, fine restaurants and more, the suburb makes for an upscale residential area which has clearly defined it as one of the best neighbourhoods to invest in.

Shraddha Kedia-Agarwal, Head - Marketing & Sales, Transcon Developers
Shraddha Kedia-Agarwal, Head – Marketing & Sales, Transcon Developers

Commenting on the glam quotient of the area, Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers said, “Locations such as Lokhandwala & Link Road at Andheri West are the most vibrant parts of the western suburbs, known for their upbeat and happening lifestyle with a plethora of clubs, food joints, movie theatres and production houses buzzing all the time. Everything from business hubs, domestic and international airports, Western Express Highway to hubs of entertainment like malls, multiplexes, retail showrooms and realms of wellness like hospitals and gyms to spheres of education like schools and institutions are in close proximity. With famous production studios and some of the best nightlife attractions only a few steps away, not only is this a place that never sleeps but also has a ton of bling value.”

Andheri East on the other hand is the most well-connected suburb in the Mumbai Metropolitan Region (MMR) due to the presence of Western Express Highway and the Mumbai Metro. Also, due to its proximity to both international and domestic airports, it offers a number of high-end hotels for tourists and business travellers. The locality has benefited immensely due to its proximity to prominent commercial hubs such as Bandra-Kurla Complex (BKC) and Lower Parel, and key eastern suburbs including Powai, Kanjurmarg, Vikhroli, Ghatkopar and Kurla. Also, well known as a prime industrial destination due to the presence of MIDC and SEEPZ, it has been accommodating new age office spaces and IT Parks in addition to conventional office buildings. It has emerged as an appropriate choice for middle class buyers and investors looking for stable rental returns.

Anuj Khetan - Director, Vijay Khetan Group
Anuj Khetan – Director, Vijay Khetan Group

Commenting on the location advantage, Mr. Anuj Khetan, Director, Vijay Khetan Group said, “One of the most strategic locations to stay in Mumbai, Andheri East offers tremendous opportunities for home buyers and investors looking for an upside on their investment. It is a privilege to own a home at a location that has the maximum number of 5-star hotels, the international airport, the only functional metro of Mumbai and is a stone throw away from the western express highway. Corporates are choosing to set up a base in Andheri East on account of the infrastructural developments and availability of mid-segment and luxury properties. It is one of the most cosmopolitan suburbs which is witnessing traction from the middle class as well as upper-middle-class buyers and tenants. Homebuyers are therefore attracted by the wide range of options at competitive prices as compared to the overpriced western counterpart of the locality.”

The Metro line running through the heart of the Andheri between Versova and Ghatkopar has played a significant role in recent years, leading to an increase in demand for space at nearby locations. Further, the Metro 2A, Metro 7 and Metro 3 routes will put Andheri on a realty growth track. Taking into consideration the planned infrastructure initiatives like the enhanced metro connectivity and the increasing demand for office properties, one can expect considerable growth in the area’s real estate market in the near future.

Business World

Realtors plan precautionary measures at construction sites

Apr 6, 2021 by Neel Achary 0 Comments #Chief Operating Officer, #Co-founder & Director, #CREDAI MCHI, #Director, #Mr Ashok Mohanani, #Mr. Abhishek Jain, #Mr. Anuj Khetan, #Mr. Pritam Chivukula, #NAREDCO Maharashtra, #President, #Satellite Developers Pvt Ltd, #Tridhaatu Realty  Hon. Secretary, #Vijay Khetan Group
With daily surge in Covid-19 cases in Maharashtra, the State Government has imposed new guidelines with regards to the continuation of construction activity. Here are the guidelines:

a) Construction to be allowed only for sites where labourer’s are living on site. Movement to and fro from outside must be avoided, except for the purpose of material movements.

b) Every one engaged in the activity to get vaccinated at the earliest, as per criteria of GOI and till get vaccinated must carry a negative RT-PCR test result certificate, which will be valid for 15 days. This rule will come into effect from 10th April, 2021

c) Defaults will lead to a fine of 10000/- for the developer of the construction site and repeated defaults may lead to closure of the site till existence of notification of COVID 19 epidemic.

d) lf a worker is found positive he or she would be allowed medical leave and cannot be discontinued during this absence for this reason. He or she will be entitled for full wages that he or she might have earned had he or she not contacted corona.

Soon after the announcement, the real estate industry quickly rushed into the action mode and ensured that they took necessary precautionary measures to battle out the pandemic crisis. Taking the experience from the last year, some of them have already implemented these measures for the safety of the labourers much before the State Government imposed the guidelines.
Ashok Mohanani, President -NAREDCO Maharashtra
Ashok Mohanani, President -NAREDCO Maharashtra
Mr. Ashok Mohanani, President, NAREDCO Maharashtra
”We are working closely with all the NAREDCO members and following all the necessary Government guidelines. Infact, all our members have been doing this much before from the time Covid-19 crisis disrupted the real estate sector last year. Labourers are the most vital and the integral part of the real estate industry and taking utmost care of them is our paramount responsibility. We are ensuring that regular sanitization of the construction sites are done and proper accommodation is provided to the labourers at the sites. We are also conducting regular health check-ups and vaccination awareness programs for the workers. We have made the RT-PCR test mandatory for all the migrant workers who are coming back from their hometown as per the Government guidelines. We are ensuring that they complete their tests before joining the construction sites.”
 
Pritam Chivukula
Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Hon. Secretary, CREDAI-MCHI
Mr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty 
Hon. Secretary, CREDAI MCHI
“Unlike the last year lockdown, we are relieved that atleast construction activities can go on where labourers are already present at the site. The Government has mentioned that the labourers need to get vaccinated at the earliest and till their vaccination they need to get their RT PCR test done. This won’t affect the large and medium-sized developers as they are already taking the necessary precautions at the sites. Although this will affect the small developers and also the redevelopment projects as they do not have enough space for labour camps.
 
There is no stringent lockdown like last time as essential services and other basic requirements are easily available. We at MCHI-CREDAI are getting the health check-ups done for the labourers along with the vaccination awareness program. We will comply with the Government guidelines and get the RT PCR test done for most of the labourers till 10th April. We are in talks with local urban bodies for conducting free tests for the labourers. For project sites in the outskirts of the city, we are planning to tie-up with private organizations to conduct the Covid tests. Most of the labourers are in the age groups from 20-40 and as per the GOI directive, the vaccination below the age of 45 has not been initiated yet. Hence we are writing to the Government to grant permission to conduct the vaccination for these labourers on priority and if feasible to conduct the vaccination drive on the construction site itself.”
Mr. Abhishek Jain, COO - Satellite Developers Private Limited
Mr. Abhishek Jain, COO – Satellite Developers Private Limited
 
Mr. Abhishek Jain, Chief Operating Officer, Satellite Developers Pvt Ltd
“Proper health and hygiene for all our workers have always remained a top priority and all necessary initiatives are taken from our end. We have provided shelter to the workers in labour camps and have also provided resources for their daily food along with masks and sanitizers. Also, as per the government guidelines, we are getting their RT PCR test done before the said timeline.”
Anuj Khetan - Director, Vijay Khetan Group
Anuj Khetan – Director, Vijay Khetan Group
Mr. Anuj Khetan, Director, Vijay Khetan Group

”We at Vijay Khetan Group have always prioritized the health and safety of our workers at all our different construction sites. We have arranged for hygienic boarding and lodging on site for our workers along with distribution of face masks and sanitizers. The Covid 19 pandemic, while draws the world’s attention on the importance of vaccines, we have ensured to give paid leave to all the eligible workers for vaccination. Also, for the workers, we are getting RT PCR tests done as per the government guidelines. We are maintaining thorough sanitization at all our sites for the safety of our workers and stakeholders.”