Advantages of buying a property during its ‘new launch’ phase

If you have ever gone out searching for a property, you surely would have heard of the term ‘pre-launch’. Pre-launch refers to the period where the building project is announced. It is definitely a good proposition for the buyers and even investors to purchase the property in its pre-lunch stage. Here are some advantages:

A day late and a dollar short

If we put in the right efforts at the right time, we are sure to book monetary gains in the pre-launch phase. During this phase the builders offer a price that is comparatively lower than the one offered during the semi-construction or the ready to move in phase. Once the property is ready, we cannot avail this early bird price benefit. The money saved here can easily be allocated by the buyers for interior designing or other needs. With RERA coming into existence, buyers are completely safe and secure when buying a property in this phase.

Tailor made choices

When you buy a property in its launch phase, you get to make your own choice with respect to the desired floor, unit, view, direction and much more. Buyers can also get interior modifications at this stage. This brings the dream home or workspace closer to the expectations. Once the building is fully done, making changes is not easy. There are clearly more choices available during this phase and compromises can be avoided.

Smart Investment

Buying a property in the pre-launch phase opens up the opportunity to get the best return on investment. We can take the advantage of price escalation that trickles in after pre-launch. Once the building is up for possession, the prices tend to rise. So if we plan to sell off, we can make huge returns. If we plan to allocate more funds to real estate investment, this is just the right phase to put in our money.

While we understand that it is wise to invest in properties in the pre-launch phase, it is imperative to buy the property from reputed buyers. When we plan to put in our money in real estate, working with established builders always gives us the needed security and peace of mind.

Work Life Harmony

At a very early stage of my entrepreneurial journey, I realised that accomplishments at work will only make sense when there are people around to relish it with you. Relationships have always mattered to me as much as my work has. Times were tough and challenging in the initial years of business establishment. When a business is in its nascent stage, it rightfully has its own demands. I always compare a new business with a new born who needs all the attention, has myriads of demands and gets moulded the way we do it. That is how I treated Shilp and nurtured it like a baby. I did break the so-called norms of work life harmony back then quite a few times. That also took a toll on my health, my me-time, my hobbies and my family life.

I constantly needed to find an equilibrium between my business needs and my personal life. I always played on my value of authenticity. I realised that I did not have to fragment my life into compartments called work and personal. I needed to bring in a harmony in all aspects of my life. I learnt to adjust and readjust expectations of work and family as and when needed. There were and still are times when my work needs me more but I know that there will always be times when my kids need me. I give the due share whenever needed.

I did some introspection to understand the importance of continuing to pursue my interests alongside my work. Giving up on my health needs, my passions and my hobbies did not fend for good. Temptation to overwork is always there. However, today I am happy that I have a fixed morning schedule where I give time to my body and my soul, I give quality time to my work, I spend cherished moments with my family. I even take random vacations apart from the long-planned ones. I have understood that when one aspect of our lives is in peace, the other automatically falls in place.

Journey of Shilp Group

Everything begins small. The seeds of Shilp group were laid in 2004 when Mr. Yash Brahmbhatt, CEO and Founder of Shilp Group bid in a land auction by AUDA. That was his first step into one of the largest sectors of the country. Making the right beginning is one third the work done is true in his case. He pushed his limits and raised his own bar each day. He is a man with grit, determination and diligence and he never looked back.

Today Shilp is an unbeatable name in the Ahmedabad real estate. With the first building at Jodhpur crossroads, the group today covers an expansive area across the city. Shilp group proudly made the impossible possible by pioneering construction on Sindhu Bhavan Road which was unthinkable back then. Powered by the CEO’s vision and gut, the group today owns a large share of SBR. Shilp boasts of over 40 buildings across various geographies in Ahmedabad. There have been numerous phenomenal constructions by the group both in the commercial and the residential space. The office buildings are fully equipped with the buyers’ requirements and provide all amenities needed to have the best working experience. On the other hand, the residential space boasts of beautiful elevation, ample space and leisure and recreation facilities for the end user. Affordable housing was also added to the kitty looking at the market needs and that segment is doing remarkably well too.

The strength of the Shilp group lies in Yash’s envisioning and team management skills. Yash relies heavily on close family members being part of his business. A first-generation entrepreneur, he feels that when family becomes a part of business, trust remains intact. The company runs on its robust planning and efficient strategies. The group consciously decides where to invest and which lands to buy. Effective decision making backed by extensive research and market knowledge is a major determinant for success.

Shilp group lays the foundation of each structure on trust and is convinced of its quality. The group sets high benchmarks each day.

Upcoming trends in Ahmedabad real estate sector

Year 2020 has been an arduous journey for the real estate but 2021 has witnessed the sector finding its feet again. People everywhere missed the social life and can be seen gathered in public places like malls, restaurants and shopping malls. Work has also picked up pace as major corporates have returned to their workplaces.

Co-working spaces took a kick with the pandemic, however, with covid cases plummeting, this space is set to boom again as an alternative to working from home. Commercial buildings are now loaded with amenities more than ever before. The buyers are availing benefits like designer foyers, distinct welcome desks, plush waiting areas, conference rooms, splendid cafeterias, roof top spaces and much more. The builders are getting more conscious about providing attractive building elevation to buyers. Increasing heights of buildings today are also paving way for professionals like façade consultants.

Parking facility in commercial buildings is being extended with the trend of podium parking setting in. This will give ease to end users and reduce the vehicle clutter on the roads. Stack parking is also an option being availed by many buildings. We are likely to witness skyscrapers of over 40 floors in major cities of Gujarat in the coming few years. Green buildings are in vogue and builders are in the endeavour to provide eco-friendly environment to users. Installation of solar panels on commercial buildings is also a rage and is in the best interest of the end users. In commercial buildings, charging stations for electric vehicles may soon turn into reality.

In the residential space, people are largely looking at more liveable spaces with all possible amenities. Infact, amenities that a building provides has become a major decision-making point for buyers. Open space gardens, sports amenities, walking tracks are all the need of the hour. With businesses springing back to normal, housing demands are increasing. People are open to migrating to cities. That is giving a boost to the affordable housing zone.

Where on the one hand, smaller houses and affordable buildings are in vogue, on the other hand, people are bingeing on land purchases. Luxury lifestyle is the in the high. People are taking keen interest in luxury villas, bungalows and even apartments. Weekend homes is a need for many especially in the covid era.

Legacy of Sindhu Bhavan Road

It was all a game of vision and foresight. We envisaged Sindhu Bhavan Road as the future. At the time when Sindhu Bhavan Road, SBR as we know it today, was just a land mass, we saw the possibility of making it a business and shopping hub. There were no street lights and no infrastructure. It struck to us that this would be the next hot destination after Judges Bungalow Road.

We were sure in our heads and clear in our minds. We got our first building on SBR – Shilp 3 in the year 2008. And then there was no looking back. We knew this area will soon be inhabited, hence, we made Shilp Elanza premium bungalows in 2014. We went on a spree with commercial buildings with Shilp Aaron in 2015, Shilp Asian Square in 2016, Shilp Arista in 2018 followed by Shilp Epitome and Shilp Satved in 2019. In 2022, we came up with Shilp Corporate Park and the Corporate House of Shilp.

One of the reasons why we chose SBR and why it flourishes today is the wonderful connectivity that the road provides. It is the centre of SG Highway and connects more than 5 areas including Ambli, Bopal, Thaltej, SP Ring Road, Bodakdev and Makarba. After we set the trend, various other builders followed suit and did some real good work here making it one of the best places to be. In fact, SBR has been declared as a model road today.

Be it the location or the prices, SBR is the most premium location of Ahmedabad today. Major hotels including Taj and Marriot have also found their home on this road which makes it even more exclusive. There are fitness centres, shopping centres and eateries and that is what makes it the most sought after place for youngsters. The night life is booming here and people just love to flock around this road.

One thing that we definitely boast of is the Shilp Circle that we created and continue to maintain. This is our tribute and a symbol of permanence. We will always cherish being the pioneers of Sindhu Bhavan Road.