According to Mr. Ram Raheja - Director, S Raheja Realty, “This move will certainly boost the existing demand in real estate. Especially in cities like Mumbai, the cost of land is high and therefore a cut in construction cost will be a huge relief for developers who have been dealing with low margins. Also, there will certainly be a passing on of the benefit in terms of the price which will lead to increased interest from fence-sitters. This will especially impact luxury housing where the ticket-size is higher. 2021 will certainly be the year for real estate.”
About S Raheja Realty:
A towering name in the fraternity, the group has been consistent in developing numerous landmark projects in luxury housing, dominantly in Mumbai - the financial capital and epitome of luxury in India. In the recent decade, the group ventured into the affordable housing in mini-metros and second-tier cities with the motive to deliver quality living at an affordable price. The three generations of promoters are into the real estate market and devotedly stand by the values of ethics, experience and expertise.
About Ram Raheja:
Mr Ram Raheja is the Director and Head-Director & Design at S Raheja Realty and is the third generation developer from the family. Under his aegis, the group has seen new horizons and in terms of growth through new projects, completions and a modernized approach with traditional values. He has pursued Architecture at SAIC – The School of the Art Institute of Chicago and was awarded a Merit Scholarship by SAIC in 2008. Before joining the family business, Ram has worked with Ricardo Bofill Taller De Architecture in Barcelona, Spain. .His work has been showcased at several design exhibitions globally including the Sullivan Gallery’s in Chicago and Ashai Art Square at Tokyo, Platform-1 in Beppu, Japan to name a few. As a person, Ram is actively involved in the daily developments and is constantly on the endeavour to pioneer the latest trends in the sphere of real estate.
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