Transformational Development - Sensible Real Estate

Transformational Development is a concept that connects real estate development to the realistic community development bringing about transformation in existing living/ working/ playing at tier II and tier III cities/ taluk places to become at par with global standards and, sensible, through a business model. This ensures business to be sustainable and scalable moving from major product to major service provider realtor that is located at places where economic growth potential is expected to be exponential. It makes sense as it aims at larger community need satisfaction and based on ‘Need’ rather than cajoling ‘wants’, enhancing consumption.

What Is Smart Growth?

Growth means growing in a way that enhances our communities and our daily lives, now and in the future.

Smart Growth is sensible, planned efficient growth that integrates economic development and job creation with community quality of life by preserving and enhancing the built and natural environment.

Road map

Every community has different characteristics, needs, objectives and opportunities. As a result, one community’s Smart Growth Vision and implementation plans are likely to be quite different from other communities whether it is a city, a suburb or a rural town or village. Still, each community can work toward a better future by considering whether a proposed project will contribute to a more economically efficient, attractive, user-friendly community. Hence, the Core function to identify opportunity of business is essentially sociological in nature and, research oriented in processes. Getting connected to needs of the community day to day, one can be sure to have better acceptable product design as well as early entry to customer perception space and enhancing credibility.

Business and its scalability

Over 650 district places and over 5500 taluks presents potential of over 300 such potential locations for this development. Most of these 300 taluks are business friendly and, full of enthusiastic youth that otherwise have to migrate. Over 40X growth in metros indicate a huge migration whereas the taluks have all the natural resources and, basic infrastructure ready to be used. These are places where people wish to grow and, business needs locations where people wish to grow and not, survive.

THE CONCEPT IS CONVERTED IN A BUSINESS PLAN BY CREATING NEED BASED GRAVITY CENTRES IN TIER III AND TIER II FOR TRANSFORMATION, ECONOMICALLY SELF SUSTAINABLE, AS A CONGLOMERATION OF DIFFERENT STAKEHOLDERS AND, DEVELOPING SMART HOUSES AND, SMART COMMERCIALS/ RETAILS AS A REAL ESTATE ENDEVOUR. THE CUSTOMERS OF REAL ESTATE TAKE DIRECT BENEFIT OF TRANSFORMATIONAL ACTIVITIES AND BECOME THE FIRST COMMUNITY TO SUCH GROWTH PLAN.

These community centers are flocked by residential, commercial and industrial real estate development of a size that is consumable within 12 months in those areas. Preferably downsizing front loading of the project by joining hands with property/ land owners in series of small ventures, made attractive options by these gravity centers or, existing social infrastructure. Normally such properties shall be 25000 - 100000square feet to be developed in one to three phases. Reduced front loading and small construction cycles to deliver project (9 – 12 months) makes IRR attractive with lower risk. Scalability can be anybody’s guess from the facts of size of the market. Multi locational operations, design and, community management are looked upon as Key issues for success in this program

SHAILENDRA MALIWAR

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