18 successful years in the real estate game

Just the way a river cuts through a rock with persistence, Shilp Group stands strong today with the sheer perseverance of the man behind it – Yash Brahmbhatt, Founder and CEO of Shilp Group. 18 years back, he saw a dream. The dream was to make it big in the real estate world. Time went away in the flick of an eye and the dream turned into a reality. Real estate might look like big money to some, but only the ones who have seen it closely would know the reality.Yash Brahmbhatt is a self-made first generation entrepreneur who has got his name engraved well in the field of real estate. With a small land bought at the AUDA auction to now owning a successful real estate company called “Shilp Group,” Yash has made it to the top through his diligence and dedication. He is proudly celebrating Shilp Group’s 18 years of contribution to the Ahmedabad real estate game.The dream that started in the year 2004 with the inevitable thought of making it big, made Yash and his team work on multiple projects simultaneously. Yash believes in the power of envisioning and putting things into robust action. His journey started by shadowing his brother and soon he worked through various aspects of running a business including business development, sales and marketing, influencing and negotiating. Shilp Group saw major growth within a decade and boasts of a remarkable square feet construction in the entire city with over 40+ completed projects today. Under Yash’s supreme guidance and a clear vision, the group today has stepped into residential as well as industrial plotting. Yash is also supported by his wife Snehal Brahmbhatt as the Co-Founder and COO.Yash Brahmbhatt is not just a real estate pioneer but also a strong supporter of giving it back to the people whose wishes and prayers have made him what he is today. He provides full fledged support to Sneh Shilp Foundation, an NGO whose vision is, “To create a world where everyone gets what he/she truly deserves and prevent human suffering by alleviating poverty and hunger, conserve the natural world and help animals, enhancing the lives of children through adequate education.” On the 18th year of completion of Shilp Group, Yash Brahmbhatt wishes to keep supporting the people and fulfilling their dreams.

5 reasons why Luxury living is in vogue

Comfortable housing is a need that cannot be overlooked. With an increasingly hectic lifestyle, all of us want to retire to a relaxing place after the day’s work. This is giving rise to homes that are designed luxuriously, providing for each and every relaxation need of home owners. Luxury apartments are in vogue today. The reasons for the same can be many:

Increase in income levels

As time is passing by, people are earning more than what people used to earn in the earlier days. With advancements in every field, the income levels are rising. The earning class today prefers to invest heavily in comfort and luxury. Gone are the days where each family would have a sole bread winner. The culture of two or more people earning in the family had led to a rise in the family incomes leading to a higher disposable income which is invested towards luxury.

Stress-free living

Despite the purchasing power, people prefer to buy luxurious apartments than independent homes. This is because apartments offer lesser maintenance. The society and the apartments are well maintained and make the life of the home owners hassle free.

Community living

Luxury apartments offer great community living with like-minded people. There are avenues of entertainment including one theatres and community halls. These give place for celebrations and festivities.

High-end amenities

Luxury apartments are meant to provide the best of amenities. The huge cost of these apartments gets justified by the sports and recreation facilities that they provide. There are well maintained grounds for each sport along with other fitness avenues including fully equipped gymnasiums and world class yoga practice.

High level safety and security systems

The least a family would expect in a luxurious apartment is water tight security. Apartments like these provide extended security which ensures a safe living intl the confines of luxury living.

Rising demand of mid-segment homes

India is no longer a nation known for having the largest population below the poverty line. The rising income levels clubbed with the after effects of Covid-19, are leading to the belief that the millennials will significantly contribute to home buying in the near future. The affordability of homes has certainly gone up in the recent times. The low interest rates have also been a boost.

Small families, independent working professionals and youngsters are looking at buying rather than renting. They look forward to having smaller homes that they own. These homes are compact and easy to maintain. The cost of maintenance is comparatively low owing to small size of the house.

Mid-sized homes are the easiest to buy or even rent. They have a low-ticket size and come with all the basic amenities that a household needs. This includes a reasonable floor plan, gated community, sports and recreation facilities.

Keeping the work from home culture in mind, maximum buyers when looking for a home, focus on 2BHK or 3BHK homes. These kind of flats usually fall under this category. Mid-sized apartments these days, offer the facility of community halls and garden spaces. These can be utilised by the residents for the purpose of their get-togethers and functions. This way people can get some time off their busy schedules.

Mid-sized homes are definitely on the rise, which is

Mid-sized segment is one of the only segment that gives a combination of both affordability and convenience for anyone looking to have an abode.

Looking to invest in real estate – know more on REITs

India has always been a land of real estate. As an investment option, real estate in India is preferred more than any other place. This could be in residential sector with properties bought for the purpose of consumption and in the commercial sector for consumption or earning rental income. For long, investment in commercial buildings has been a hassle for the common man with all the hefty documentation and clearances. At the same time, the high ticket can pose a problem for small investors.

Until sometime back, very few investors could include real estate in their investment portfolio. Thanks to a fairly new vehicle, REIT (Real Estate Investment Trust), investment in commercial sector is possible even for small investors. REITs are stock market listed investments that allow exposure to real estate without having to purchase or manage properties. Originated in the USA, REITs have now gained popularity in other places as well. They are similar to mutual funds as they allow a pool of investors to invest their funds. The underlying asset in case of REITs is the real estate holding.

The concept of REITs came to India as late as 2007. The investment vehicle is yet to pick momentum in India. REITs have the ownership of multiple properties and they operate them to generate income. REITs invest in such properties that can earn and generate an income. The amount received in the pooled fund is used for acquiring properties and generating income. Currently India has 3 REITs which are regulated by SEBI. Other big players are expected to enter the market soon.

There are various advantages of investing in REITs including good capital appreciation, diversification of portfolio, chances of earning dividend income as well as good liquidity. REITs are new to India and haven’t gained popularity. Gradually, investors looking to get exposure in real estate might consider REITs as a lucrative vehicle for growth.