The Goel Ganga Group, a prominent player in Pune’s real estate sector, has over 40 years of experience in the industry. They have ambitious plans to expand to other cities in Maharashtra, including Nagpur and Mumbai. BE’s Saptarshi Deb interviewed Atul Goel, Managing Director of the Goel Ganga Group, to discuss the company’s vision and mission.
What is your assessment of the real estate market in Pune?
Pune’s real estate market is experiencing significant growth and demand. The city’s IT and manufacturing sectors are expanding, and its educational institutions and favorable climate make it an attractive destination for real estate investments. Pune offers a diverse range of residential and commercial
properties to cater to various buyer preferences and budgets. Infrastructure development, improved connectivity, and strategic location also contribute to the city’s real estate growth. However, Goel advises considering economic conditions, government policies, and market forces for an accurate evaluation of the current market.
Could you share your experience in the real estate markets of Nagpur and Mumbai?
I have extensive experience in the dynamic and diverse real estate markets of Nagpur and Mumbai. Nagpur has witnessed remarkable growth due to its strategic location, infrastructure development, and government initiatives. The city offers a range of residential and commercial properties, making it an attractive destination for investors. Mumbai, on the other hand, is a highly competitive market characterized by high property prices and limited land availability. Navigating the Mumbai market requires a deep understanding of market dynamics, trends, and regulatory frameworks. With my expertise and knowledge, I have assisted clients in making informed decisions and maximizing their real estate investments in these markets.
Are there any plans for your company to expand outside Maharashtra?
We are constantly exploring opportunities for growth and expansion. While we have established a strong presence in Maharashtra, we are open to venturing outside the state as part of our strategic plans. The real estate industry is dynamic, and we understand the importance of exploring new markets and diversifying our portfolio. However, any decision to venture outside Maharashtra would be carefully evaluated, taking into consideration market potential, economic factors, and the overall feasibility of the expansion. Our priority is to ensure that we can provide the same level of quality and expertise to our clients in any new location we consider.
How do you evaluate the recovery of the Indian real estate market after the Covid-19 shock?
The recovery of the Indian real estate market after the Covid-19 shock has demonstrated the industry’s resilience and adaptability. Proactive government measures and policy reforms have played a crucial role in stimulating the market. Reduced stamp duty rates and incentives for affordable housing have boosted buyer sentiment, while digitization and technology adoption have revolutionized transaction processes. Going forward, it is
crucial to remain vigilant, monitor market trends, and prioritize the well-being of all stakeholders. Embracing innovation and sustainable practices will be key in building a resilient future for the real estate sector.
How would you evaluate the current government policies pertaining to the real estate sector in India?
The present government policies pertaining to the real estate sector in India have had a significant impact on driving growth and bringing about positive reforms. The focus on affordable housing, reduced stamp duty rates, and the introduction of Real Estate Investment Trusts (REITs) have been noteworthy milestones. These policies have increased affordability and accessibility for homebuyers and attracted investments into the sector. Additionally, initiatives like the Real Estate (Regulation and Development) Act of 2016, which emphasize digitization and transparency, have instilled confidence among buyers and improved overall market credibility. While there is always room for improvement, the current government policies have undoubtedly made a positive impact on the real estate sector in India.
Can you share your experience as an author?
Being an author has been incredibly fulfilling, allowing me to explore the depths of my creativity, connect with readers, and share my knowledge. Crafting stories and presenting ideas in a captivating manner has brought my imagination to life. Touching people’s lives and evoking emotions through words is truly rewarding, providing readers with moments of inspiration and an opportunity to reflect on the intricacies of the human experience. Writing demands dedication and perseverance, but the rewards outweigh the challenges. I am excited about exploring new horizons, delving into different genres, and sharing more captivating stories that resonate with readers. My experience as an author has been remarkable, and I am committed to making a significant impact in
the literary world.