VARDHMAN GROUP

Vardhman means growth and we have consistently scaled new heights over the last 4 decades of our existence. At Vardhman Group, we know that we are a cluster of self-motivated individuals with interests in various industries including real estate, infrastructure, finance, food, entertainment and hospitality. And today, we continue to scale-up new heights under the dynamic and visionary leadership of Shri. B. M. Vardhan. The Company has traversed a path of steady growth & expansion and has posted increasing turnover and profits year after year. The systems have been strengthened and new processes have been added.

Shri. Ramesh B. Vardhan and Shri. Rajesh B. Vardhan are the pillars Of Vardhman Group. Vardhman Developers Ltd. is the flagship company of Vardhman group. Vardhman constructions have always given value for money to its customers. Vardhman buildings are built with quality construction. Vardhman Builders & Developers have given Mumbai many prestigious projects and buildings.

Vardhman Group is a revered name in the real estate industry and has become synonymous with luxury living and engineering sophistication. It is developing projects across major cities in India. And this development covers almost all asset classes – Multi – User, Self Sufficient Township, Residential buildings and Towers, Commercial Premises, Malls, Retail Outlets; amongst others. ‘Vardhman Builders and Developers’ has always adopted new technologies for its construction in Mumbai and Maharashtra to create landmark buildings and projects. All our constructions are done with quality material. ‘Vardhman builders and developers’ has always thought ahead of time to bring changes in the business to provide its valued customers with better living. It is currently developing a number of properties in Mumbai city. Vardhman fantasy – the world’s most affordable and entertaining theme cum amusement park, the dream project of the Vardhman group was designed to give India and the world a place full of entertainment.

True to its name which means Growth, the Group has grown exponentially over the last 4 decades of its existence. The company is one of the fastest growing entities in the realty sector with a difference that offers luxury for reasonable costs, excellent customer care levels with highest customer satisfaction index and the highest imaginable standards for the welfare of its staff, society as well as for the environment. Customer satisfaction and value for money is the motto that drives the Vardhman Group.

Apart from real estate, Vardhman has also penetrated into the infrastructure industry in the form of Vardhman Concrete Ltd. (Formally known as Stresscrete India Ltd), an infrastructure company. The company specializes in precast, prestressed technology and is involved in the construction of bridges, FOB, ROB, Warehousing housing for government and Semi – government bodies and institution.

The Group also has a registered NBFC – Vardhan Capital & Finance Ltd. Plans are already in line with the vision to make it a financial power house with interests across the consumer, corporate and wealth market spectrum. They also have a company which is an active member of the commodity market registered with the MCX.

Vardhman has recently ventured into the entertainment segment by bringing to Mumbai the World’s Most Affordable Theme– Amusement Park called ‘The World of Vardhman Fantasy’. The park is a visionary landmark converted into a dreamland with 7 fantastic zones based on international themes. It holds a beautiful fountain at the heart of the land, a boating lake, a food court, amusement rides and replicas of the 7 wonders of the world. The park caters to every age group and is a complete family zone.

Vardhman group have also forayed into the food, entertainment and hospitality sector with the launch of 5 food brands– Proudly Thambi, Chini-Mini, Farmaeesh, Causeway, Elistano, and a café Brownville. Vardhman group is also planning to enter the retail format of food industry by making its presence felt across various cities.

Vardhman fantasy has bagged the Award for the Best Amusement cum Theme Park by Accommodation Times. Vardhman group has also bagged various awards for the it’s prefectural work.

Our corporate Philosophy and guiding Principles are that the blueprints of buildings should not be made in isolation but in harmony with the needs, dreams and aspirations of those who will inhabit them. We believe that professionally managed technology, driven with right ideas, innovations and actions always bring in the desired growth. Accordingly, we are roaring to capture diverse frontiers and imprint achievements into our success saga. 

Our commitment to quality and ethical business practices are second to none. An important off shoot of this thinking extends into numerous social causes that we support. We believe we can contribute to a better tomorrow.

INDIAN REAL ESTATE MARKET

The term real estate refers to land and any physical property or improvements affixed to the land, which includes houses, buildings, landscaping, fencing, wells, etc. 

The real estate sector in India has come a long way by becoming one of the fastest growing markets in the world. It comprises four sub sectors- housing, retail, hospitality, and commercial. While housing contributes to five-six percent of the country’s gross domestic product (GDP), the remaining three sub-sectors are also growing at a rapid pace, meeting the increasing infrastructural needs. The real estate industry’s growth is linked to developments in the retail, hospitality and entertainment (hotels, resorts, cinema theaters) industries, economic services (hospitals, schools) and information technology (IT)- enabled services (like call centres) etc. and vice versa. 

The real estate industry in India is in a promising stage. The sector happens to be the second largest employer after agriculture and is expected to grow at the rate of 30 per cent over the next decade. A growing migrant population due to increasing job opportunities, together with healthy infrastructure development, is underpinning demand in the region’s residential real estate market.

Real estate contributed about 6.3 per cent to India’s gross domestic product (GDP) in 2013. The market size of the sector is expected to increase at a compound annual growth rate (CAGR) of 11.2 per cent during FY 2008-2020 to touch US$ 180 billion by 2020. 

The Government of India has allocated US$ 1.3 billion for Rural Housing Fund in the Union Budget 2014-15. It also allocated US$ 0.7 billion for National Housing Bank (NHB) to increase the flow of cheaper credit for affordable housing for urban poor.

The residential segment of real estate has seen tremendous growth in recent years owing to the continuous growth in population, migration towards urban areas, ample job opportunities in service sectors, growing income levels, rise in nuclear families and easy availability of finance. 

Recent years have seen the Indian real estate sector grow, especially the commercial real estate segment. According to a study by Knight Frank, Mumbai is the best city in India for commercial real estate investment, with returns of 12-19 per cent likely in the next five years. Bangalore and Delhi-National Capital Region (NCR) come second and third on the list, with returns of 12 per cent and 8-11 per cent respectively. Delhi-NCR was the biggest office market in India with 110 million sq ft, out of which 88 million sq ft were occupied.

With the government allowing 100 percent foreign direct investment (FDI) in this sector, the number of foreign firms owning real estate projects in India has also increased. 

The Indian real estate sector continues to be a favored sector for investments from international as well as private investors. In the upcoming years, the residential as well as commercial segments of the real estate industry is set for major growth, aided in no small part by the government’s plans and initiatives to boost this sector. 

Excise duty reduction on cement and steel will lower project costs and expansion of the interest subsidy on loans will boost developers’ interest in this segment. Moreover, tax measures such as increasing the limit of interest deduction on home loans will provide necessary motivation to consumers to increase buying activity and revive demand in the value and affordable segment. Further, demand for space from sectors such as education and healthcare has opened up ample opportunities in the real estate sector.

Emergence of nuclear families and growing urbanization has given rise to several townships that are developed to take care of the elderly. A number of senior citizen housing projects have been planned, and the segment is expected to grow significantly in future. 

Growth in the number of tourists has resulted in demand for service apartments. This demand is likely to be on the uptrend and presents opportunities for the unorganized sector.