ADDING VALUE TO INDIA’S GROWING COMMERCIAL REAL ESTATE
WHAT ARE THE FACTORS THAT PROMPTED THE COMPANY'S FORAY IN INDIAN REAL ESTATE MARKET? Pravin Bachhav – The Indian entity of the Stallion Global UK named Stallion Universal in India was formed in the year 2022 as we recognized India’s potential in the commercial real estate that includes office spaces, IT/ITES sectors, Pharma, manufacturing, warehousing, and industrial. Every industry counted growth of more than 25-30% post covid. Additionally, PLI Schemes are a cornerstone of the Government’s push for achieving an Atmanirbhar Bharat that will create national manufacturing champions and generate employment opportunities, bringing growth & development in infrastructure, consulting business and real estate. Deepak Singh – After the pandemic, all sectors of Indian economy have come back really strong and economy has seen a V-shaped recovery. Sectors like industrial, warehousing, logistics have seen phenomenal growth. What gave an edge to India was its people purchasing power. These growth factors are the reasons for our bullish sentiments for Indian realty. WHAT ARE THE SOLUTIONS PROVIDED FOR OCCUPIERS, REAL ESTATE OWNERS AND DEVELOPERS? Pravin Bachhav – While, the occupiers are looking for agile workspaces, the developers too are now building collaborative office spaces to meet the demand. Apart from large floor plates, small offices are also in demand. We provide Business Space Advisory, Project Management, Data Intelligence, and Facility Management services to the occupiers and for landlords and developers, services like Strategic Branding in terms of how to position their real estate, Landlord Representation, Redevelopment of Asset and Bridge Broking. Deepak Singh – Today developers are looking at mixed-use developments. Apart from CBD areas, integrated townships and suburban locations are seeing increase in commercial developments. So, tools like Strategic Branding, Redevelopment of Asset & Bridge broking will enable cities like Mumbai & Delhi which have reached their saturation point in respect to space availability to bring out utility from existing assets. This will help land-lords or developers, occupier & the state to be economically efficient. The exercise will bring a robust synergy among the real estate owners & developers. WHAT ARE SOME OF THE CHALLENGES FACING INDIAN COMMERCIAL REALTY? Pravin Bachhav – In metros while the cities have grown, the infrastructure remains the same. Tier 2 cities have a lot of human talent pool, but connectivity and physical infrastructure remains lacking. Deepak Singh – Biggest challenge of the Indian commercial realty is that the industry is largely unorganised. Apart from a few A-grade developers in India, most developers are yet to know about the global safety mandates and standards. The style of doing business has to change. The investment funds are the new landlords that require corporate style of operating. The developers are warming up to that, but it will take some more time for Indian commercial realty to bring out international standard grade A stock that is investible. And it needs patient capital for that. WHAT IS INDIAN REAL ESTATE GROWTH POTENTIAL AND THE COMPANY’S STRATEGIC PLANS FOR THE FUTURE? Pravin Bachhav – We are redeveloping the depleted or distressed commercial assets to bring to global standards and ultimately sales. We have the roadmap for a substantial growth in the next five years. We are headquartered in Mumbai and have presence in Pune, Bengaluru and Hyderabad and will soon be operational in Delhi NCR and Chennai and by early next year our presence will be pan India. Deepak Singh – We have the capability of providing services across India and in our first year itself, we are already doing good business. Our current, focus markets are Mumbai, Chennai, Hyderabad, and Bengaluru. The next focus will be on Madhya Pradesh and Uttar Pradesh given their robust industrial and manufacturing sectors. Apart from commercial, we are also looking at warehousing and data centre business. We are already 18-20% ahead of the business plan. “The commercial real estate in India has a great promise of growth and huge opportunity to bring good practices in the sector. We will be providing advisory on global protocols and processes to boost the Indian real estate market.” Deepak Singh “Infrastructure is going to play a major role in the rise of Indian commercial realty across the country. India needs many more Grade–A compliant buildings as per global standards.” Pravin Bachhav
Tags : India commercial real estate PRAVIN BACHHAV – COUNTRY HEAD CRE INDIA OPERATIONS DEEPAK SINGH - NATIONAL DIRECTOR – BUSINESS SPACE ADVISORY STALLION UNIVERSAL PVT LTD