The real estate industry has contributed to 6.5% of the country’s GDP and is regarded as the second largest employment producer in the country after agriculture. In the past decade, the Indian real estate market has seen a huge success because of the increase in urban middle-class population. As a result of this, a number of real estates companies have come up with top players and they are targeting the developable areas and turning them into construction wonders.
What differentiates these top real estate companies in Delhi NCR from the rest of the players in the sector are their
- Judicious financial management
- Capability to avoid the common attitude
Another thing that differentiates the top players in the real estate sector from the others is the strong web of trust that they share with their clienteles.
These features, together with their unique business models, are likely to hold them in comparatively better shape when it comes to coping with the instabilities that the industry is bound to experience along the way.
Of late, the Government has also been planning to set up a new regulatory authority for the real estate sector. All these have further increased the importance of the real estate sector in the country. This is, of course, beneficial for the genuine investors and businesses in this sector.
The common thread for the top real estate companies
Most of the successful and top real estate companies tend to have a diversified portfolio across commercial and residential projects. Also, these companies outsource work extensively to well-known international and domestic consultants in the areas of design, architecture, construction and engineering to be at par with international quality and designing standards as well as to achieve the scalability necessary to take on large developments.
Therefore, it would not be wrong to say that for a real estate company to position itself among the top players, a lot of experience, hardwork and grit is required. Just like any other business, even for real estate firms, building that trust and customer base is the key to success and that comes only when you deliver as per your commitments.