Anand Agarwal, Managing Director, Ceratec Group, Pune, shares key insights into the realty industry of Pune especially, and the trends that are marking this sector across the board.
By Andrea CostaBir
Anand Agarwal stands out as a distinguished business leader, showcasing a remarkable combination of vision and sound business acumen that has fueled his success over the span of two decades. His journey in the business world commenced after completing his college education, and he made significant strides in the marbles and tiles industry from 2000 to 2012. This initial phase of his career laid the foundation for his entrepreneurial spirit and demonstrated his ability to orchestrate and build successful organizations.
Driven by a profound commitment to “bringing happiness to the client,” Anand transitioned into the realm of construction after his tenure in the marbles and tiles sector.
Anand’s focus on delivering not just houses but homes is evident in his impressive track record. Having successfully completed and handed over 3,000 homes, his impact has been particularly pronounced in South Pune, with a concentration in areas like Katraj and Kondhwa. These locales have witnessed the transformation of his vision into tangible, livable spaces that contribute to the wellbeing and satisfaction of the residents.
According to you, on a scale of 1-10, how much is the real estate market, and especially Pune, booming?
The real estate market is a dynamic and multifaceted sector that can be influenced by various factors such as economic conditions, demographic trends, and local market dynamics.
Currently, many experts view the real estate market as robust and resilient, with a positive trajectory in terms of growth and demand. On a scale of 1 to 10, where 1 represents a stagnant or declining market and 10 signifies an exceptionally booming market, it would be reasonable to assign a rating of 7.
The regional context is crucial in evaluating the real estate market, and your mention of the Pune real estate market aligns with the broader trend observed in many metropolitan areas. The increased demand for 2BHK and 3BHK units reflects evolving preferences and lifestyle choices of the population. As urbanization continues, there is a shift towards larger and more functional living spaces.
It’s important to note that while the market is booming, there are always potential challenges and risks, such as regulatory changes, economic downturns, or unforeseen global events. Market participants should remain vigilant and adaptive to ensure the continued sustainability of the real estate sector.
What are the current realty trends that we are witnessing?
In Pune, a prominent trend that stands out is the emphasis on high-rise constructions. This inclination towards vertical development is often influenced by the availability of increased Floor Space Index (FSI), allowing builders to capitalize on vertical space. The construction of high rises not only addresses the challenges of limited horizontal space, but also aligns with the contemporary urbanization trends seen in many growing cities.
The current realty trends in Pune, and more broadly in the real estate industry, revolve around a balance between vertical expansion, customer-centric practices, and a commitment to quality and design.
What are the most sought after amenities that consumers want today?
Post-Covid, there has been a noticeable shift in the priorities and preferences of real estate consumers. Homebuyers are placing an increased emphasis on amenities that contribute to a healthier and more balanced lifestyle. Three key amenities that have gained significant popularity are:
• Well-equipped gymnasiums.
• Open yoga spaces.
• Play areas for children.
What are some of the latest architectural and design trends?
In the realm of architecture and design, the most recent trends are increasingly influenced by a growing awareness of environmental concerns, including global warming and climate change. The imperative to create sustainable and eco-friendly structures has emerged as a pivotal trend in the real estate industry.
Sustainability in architecture encompasses a spectrum of practices aimed at minimizing the environmental impact of buildings. This includes the use of eco-friendly materials, energy-efficient designs, and the incorporation of renewable energy sources. Architects and designers are now prioritising designs that optimize natural light and ventilation, reducing the reliance on artificial lighting and HVAC systems.
Green roofs and living walls have become prominent features in contemporary architectural designs. These elements not only contribute to improved insulation but also enhance biodiversity and air quality.
Adaptive reuse and repurposing of existing structures have gained traction as a sustainable design approach. Additionally, the use of recycled and upcycled materials is becoming more prevalent in architectural designs.
Please share your company’s upcoming projects.
Our company has achieved significant milestones, having successfully delivered over 3,000 homes, primarily in South Pune, with a focus on areas such as Katraj and Kondhwa. Building on this success, we are excited to announce our expansion to the west. Our latest endeavor includes a remarkable 39-floor residential tower in Ravet, showcasing our commitment to innovative and vertically integrated living spaces. Additionally, we have ongoing projects in key areas like Hinjewadi, Balewadi, and Baner, reflecting our dedication to creating distinctive and quality residences across diverse locales.