Page 80 - Construction & Architecture Update JAN-FEB 2018

DEVELOPER Rahul Shah, Sumer Group

We are trying to focus on

what are the market demands

today and not just only what

we come out with

How would you define your investing experience in
your projects? What would be your piece of advice
to investors looking at this market?
Thus far, the experience has been good. Though there has
been occasional challenges and hindrances, we strongly believe
that every problem has a solution. We at Sumer Group do not
shy away from making mistakes however we make sure that we
learn from our mistakes, for this is very important attitude to
have while in the real estate business.
My advice to investors looking at this market would be to
be patient and cautious while making your decisions. Study
the developer, market in depth before you commit to any
investment. India’s real estate sector has faced momentous
RAHUL SHAH challenges - demand concerns, demonetization, real estate

CEO, Sumer Group regulations and supply side issues - over the past few years.
India’s real estate sector is going through a sea change with
the introduction of real estate regulations (RERA) and GST
implementation. Demonetisation has also been disruptive for
Could you shed us some light on SUMER Group’s the sector already facing a significant decline in demand. While
success story so far? these changes had a material impact on launches and demand,
From a modest beginning in 1965, Sumer Group has grown we expect transparency to improve materially going forward and
into a leading name in the real estate space having presence in believe that these reforms are good for the long run. This will
Mumbai, Goa, Alibaugh and Pawana. We have delivered more not only lead to higher consumer confidence but also weed out
than 30Mn Sq. Ft. of residential and commercial space. We are unorganized developers.
an active player in the Slum Rehabilitation Scheme (SRA) space It is only a matter of time that the good old days of real estate
mainly in Chandivali, Mumbai. The success of the group needs to will return which would only boost our economy further.
be attributed to the entire team here and most importantly our
customers who have repeatedly imposed trust on us in building What are the major steps being taken to realize
their dream homes. The company believe that people always SUMER Group’s future plans?
come before business and that good guys can finish first. Sumer Sumer Group’s vision is to build landmarks where people can
Group’s success motto is Always deliver what you promise. build the milestones of their lives. We want to be preferred
It is the integrity and honesty that the company trust on and choice by customers seeking a better and healthier environment
thus has been able to become one of the most trusted realty for families. We believe in the principles of safer construction
names today. and good design, knowing that successful projects depend on
Every Sumer project involves a highly skilled and experienced their mastery and the application of best practices.
team of Architects, Site Engineers, Contractors, Supervisors, Off late we have been focusing our efforts into revamping our
Chartered Accountants and other domain experts. Together, team. We are in the process of strengthening our core teams. We
they enable us to create spaces renowned for their modernity are also looking to invest heavily into technology and leverage
and premium standards. ideas and big data while designing our products. We always
Sumer Group believes in teamwork, innovation, believe that people are our greatest assets. Efforts are also being
professionalism, and long-term decision-making. focused on training and development of our work force.

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