Real Estate Developers |RBI announcement | Spenta Corporation & Goodwill Developers

Spenta Corporation and Goodwill Developers. 

By Mr. Farshid Coopers, Managing Director of Spenta Corporation:

The economic stress caused by the COVID-19 pandemic is being addressed at every juncture by Government and authorities like the RBI. Revising the reserve repo rate to 3.75% will promote the banks to infuse liquidity parked with them into the market thereby easing the liquidity. The Real estate Industry which has been cash strapped for more than a year now can expect a breather as loans given by the NBFCs for will not be classified as NPA even on non-repayment for a period of 1 year. Furthermore, we hope that even going forward, depending on how the re-opening of the economy pans out, the government will come up with several measures to ensure that the economy and job growth returns to normal functioning as soon as possible.

By Mr. Hakim Lakdawala, Group Promoter, Goodwill Developers: 

The Government, authorities and the Reserve Bank of India have been constantly taking cognizance of the situation and announcing measures to mitigate the impact of COVID-19 on the economy. The decision of revising the reserve repo rate from 4% to 3.75% is one such commendable step taken by the RBI. This step is intended to ensure cash flow and liquidity in the market. Allowing NBFCs, who have given loans to real estate companies to get similar benefits as given by the scheduled commercial banks, at a challenging time like this is an encouraging sign. Commercial real asset class loans will also observe a momentum as deferment of payment up to 1 year will allow developers more time to construct and deliver projects on time. With few construction activities looking to re-start post 20th April, we are hopeful that the situation normalizes and India moves to a path of recovery

Goodwill Developers- Mr. Hakim Lakdawala_Group Promoter

Mr. Hakim Lakdawala

Promoter, Goodwill Developers

A respected and key member of the Builders Association of Navi Mumbai (BANM), Mr. Hakim Lakdawala’s journey from being a high school graduate to an investor and then a self-made developer has been a highly fruitful one. As a founding member of Goodwill Developers, he has made his mark by maintaining ethical business practices and welcoming conversation with employees by keeping an open door policy at work.

All work and no play is not a saying applicable for describing Mr. Hakim Lakdawala as he maintains a healthy balance between his personal and professional time and encourages his employees to do the same. Family is important for him and he enjoys indulging in a cup of tea while spending time playing Ludo King with his family.His greatest learning came from his father, who encouraged him to become an entrepreneur even if it meant failing multiple times, as long as he recognised every mistake and never made them again. This advice has helped him become the businessman he is today.

Company Profile

Goodwill Developers

ABOUT US

Since its inception in 1997, we have created spaces that cater to all walks of life. With a single vision to fulfil, the company strives hard to create living spaces that are beyond ordinary and every square foot owned creates a sense of pride to its owners. 22 years of delivering hard work, Goodwill Developers have created a niche for themselves in the ever-increasing real estate market.

Adhering to the core values, every employee works with complete honesty, integrity & equality and strives to achieve operational excellence to create a paradigm shift in customer expectations from real estate developers.

Real Estate Developers Quote | Goodwill Developers & Spenta Corporation

Goodwill Developers: 

The unprecedented crisis that has come about due to the COVID-19 outbreak has impacted real estate significantly along with other industries. The sector is currently witnessing lack of labour which has resulted in delay of completion of even well-funded projects and declining sales. The move to staggered opening of stalled projects might prove beneficial for projects which are nearing completion and could help induce cash flow. However, the unavailability of labour and directive of social distancing could pose as a challenge to restart the projects. The developers could concentrate on projects that are near the non-containment areas and ensure all precautionary and sanity measures for the workforce are taken. Apart from this use of technology and machinery to limit human contact along with use of pre-fabricated material or structures could see a rise. - by Hakim Lakdawala, Group Promoter, Goodwill Developers

Spenta Corporation: 

The current COVID-19 pandemic has brought the Indian economy to a grinding halt. Sectors such as real estate seem to be among the worst affected as not only are there concerns on the demand side, once the lockdown is lifted but also construction activity itself (supply side) is likely to take several months if not more to resume. There is likely to be an acute labour shortage as the majority of the migrant labour population has returned to their homes in other states and will need to be incentivised to return to crowded urban areas where the majority of construction takes place. Any resumption of construction activity will have to be staggered and targeted towards those projects that are able to house labour camps and are also closer to completion. This will allow developers, customers and the involved financial institutions to kickstart their businesses and the sectors at large. - By Mr. Farshid Cooper, MD, Spenta Corporation

Goodwill Developers - Leading Real Estate Developers in Navi Mumbai

Goodwill Developers (www.goodwilldevelopers.com), one of the leading real estate developers based out of Navi Mumbai. They currently have over sixteen commercial, residential and office spaces across Vashi, Panvel, Kharghar, Airoli, Kopar Khairane and Nerul.

Please find below the Gudi Padwa quote from Mr. Hakim Lakdawala, Group Promoter, Goodwill Developers. Request you to kindly carry the quote if you are covering the same. 

“Gudi Padwa is also the most awaited time for home-buyers looking at investing into property purchase. With the market currently being volatile, it is a good time for homebuyers to go ahead and make property purchases. We are hopeful that festive offers will help garner an uptick in sales.”

Project: Goodwill Unity

Location: Sanpada, Navi Mumbai

Offer: Assured 20 grams of gold + Spot discount of INR 1Lac on bookings  

Please find attached Mr. Lakdawala's profile and Goodwill Unity project image for your perusal.

About Goodwill Developers

Since its inception in 1997, Goodwill Developers have created spaces that cater to individuals from all walks of life. With a single vision to fulfill, the company strives hard to create living spaces that are beyond ordinary and every square foot owned creates a sense of pride to its owners. 22 years of delivering hard work, Goodwill Developers have created a niche for themselves in the ever-increasing real estate market. Goodwill Developers is based out of Navi Mumbai and has various iconic projects around the city; the most notable ones being Goodwill Excellency, Goodwill Paradise and Goodwill Harmony. 

Adhering to the core values, every employee works with complete honesty, integrity & equality and strives to achieve operational excellence to create a paradigm shift in customer expectations from real estate developers. 

The two ongoing projects of Goodwill Developers are: 

• Goodwill Unity, Sanpada; offering exclusive 2BHKs with sundecks; Winner of Times Realty Icons 2019 - Iconic Luxury Project. 
• Goodwill Abode, Lonavala; offering 3, 4 & 5BHK bungalows complete with a fully equipped club house.