In spite of a sluggish market, the Salarpuria Sattva name has stood tall. While we are constantly winning accolades in the residential space as ‘Developer of the Year’ – Residential in the 9th Realty Plus Excellence awards, South – 2017, our commercial success is not far behind. Our pride Knowledge City Hyderabad, an astounding commercial property of 8 million sq.ft. has also won the prestigious 9th Realty Plus award as Commercial project 2017, taking our trophy toll to a new high.
We have handed over 1.7 million sq. ft. in one month in May 2017, to multiple MNC clients. Prior to this, we handed over 1 million sq.ft. to Novartis. The remaining 5.3 million sq.ft. will be ready for fit out in the last quarter of 2018 and the first quarter of 2019.
I believe that the RERA drive will make our industry stronger than ever in the long term. RERA has empowered home buyers by bringing in more transparency and accountability. The impact of GST is also temporary and will even out soon. Customer confidence is key to our continuous growth. The game will change from small vs big builder to a performing vs non-performing builder. I firmly believe that it is our integrity and honesty that can make us a winner. As a group, we have always lived by the dictate to promise less and deliver more. Our business is based on certain core values, which we amplify to face tough challenges.
As we see trends today, affordable housing is the need of the hour and you can see many developers who were in the luxury or high-end segment making their foray into affordable homes. We are happy to say that we have made our foray with Park Cubix, our flagship affordable homes in a futuristic location, Devanahalli. I truly believe that the challenge we face is to execute the projects as early as possible, to gain profits and the availability of reasonably priced land in urban areas.
I’d like to share with you my top 5 business mantras: Have strong knowledge and research capability. Be strategy and goal oriented. Have effective people management. Rope in opportunities at the right time. Have customer focus and continuous efforts to deliver the best.