Interview

CEO | VTP Realty

Sachin Bhandari

Q. Brief us about the success story of VTP Reality and its core business?

Group, a leader in construction material and construction industry, is a 30-year-old trusted company having a pan Maharashtra presence. The Group has grown to become the second largest distributor of cement in Maharashtra. Along with its journey in Construction Materials, the Group has also ventured into other avenues. Five years back, building on the strengths of the group, VTP started real-estate development as a forward integration company with VTP Realty.

Over the years, VTP Realty has grown tremendously and has projects in all prime locales of Pune, building residential and commercial spaces in premium, middle-income and affordable segment, catering to each class of the society. With most of the project offerings and a special focus on delivering customer delight in the MIG segment, it aims to become one of the top five developers in Pune by 2020. Being seen as a benchmark of trust, commitment and care, VTP Realty’s three-tiered philosophy are Better Build, Better Design and Better Care.

VTP Realty places great attention in building homes that ‘they (VTP) would be happy to live in’. After sales and CRM is of utmost importance at VTP and they go to such lengths as organizing and funding society’s cultural events / community building initiatives on site to bring people together and break the ice during the first 6 months. They also stand by their product and pride themselves on responding and remedying any snagging issues that occur, post possession of the property, quickly and thoroughly.

Q. What are the total numbers of projects have been completed by VTP till yet, and what are the running projects?

A total of four projects have been completed until date. Recently we have launched two of our most anticipated properties VTP Hi Life and VTP Solitaire in the western part of Pune. The properties promise to be a perfect combination of exclusivity, elegance and style giving Pune the very best of living nestled in the lap of nature.

Spread across 4.75 acres, VTP Hi Life is a two and three BHK apartment project located in Dange Chowk. This project hosts three different recreational zones giving comfort and joy to each and every member of the family. The project also offers central vehicle free podium landscape for modern homebuyers who are health conscious and seek a participative lifestyle that can help them to stay active and rejuvenated along with a G +2 level parking which is one of the tallest in the vicinity. Specifically keeping in mind the lifestyle needs of youth working class, the landscape is designed with numerous sport activities like swimming pool, jogging track, cycling track, sand pits, cricket pitch, half basketball court, yoga zone, skating rink, children’s play area, sand pit, activity lawn, tennis court, badminton court, squash court etc. In addition to this, the property also hosts facilities such as clubhouse, party lawn.The project also enjoys easy connectivity to the Mumbai-Pune-Bangalore highway along with an easy access to prime areas like Aundh, Baner, and Hinjewadi etc. The construction on site is going on in full swing with 370 families already being a part of it.

VTP Solitaire on the other hand is located at Baner Pashan Link Road. The property spans over 2.25 acres, offering 2 and 3 BHK flats, with 16 story exclusive tower and 3 level car parking- tallest in the vicinity with spectacular and spellbinding view of Bio Diversity Mountains. The property also boasts of amenities such as amphitheatre, swimming pool, clubhouse with gymnasium, Earthquake resistant structure, a lavish entrance lobby with a security desk, two high speed passenger & stretcher premium elevators with power back-up etc.

Q. What is the market scenario of the Real Estate sector?

The Indian real estate market is expected to reach $180 billion and contribute 11% to the country’s GDP by 2020. It is the second largest employer in the country after agriculture. The sector has stood up as an ideal investment option and has scope of growth. The Government of India has initiated reforms like GST, RERA on the sector to make it more transparent and customer friendly. These reforms are also responsible for the revival of the real estate in India. The country is experiencing a lot of NRI investments in the properties in cities like Bengaluru, Pune, and Ahmedabad where they can easily put up the property on rent. The real estate in India is also witnessing revolutionising changes in the market like the increasing demand in office spaces, malls and commercial properties. Office space demand in the country increased 23 per cent year-on-year in January-March 2018 with office space absorption at 11.4 million square feet during the quarter. The Government of India is focusing more on the real estate and infrastructure sector with launching schemes like PMAY (Pradhan Mantri Awas Yojna) that aims to provide housing for all by 2022 and The Smart City Project which envisions retrofitting 100 cities for easy and sustainable living. Such initiatives have contributed to the upliftment of the sector.

Q. What are the upcoming plans of VTP,

VTP Realty is launching Hi Life phase-II and coming up with KP square and Urban Nest as their upcoming projects.

Q. Please share your geographical locations; are you planning to expand more?

Currently our projects are spread across Pune and the adjoining areas. Our focus is Pune market and gradually we will expand our market to Mumbai & Bangalore.