The Panvelkar Group, a leading name in the Indian construction field with more than two decades of experience, has some of the finest residential, hospitality and commercial projects in the country to its credit.
The group has so far completed 53 projects, in turn developing 30,78,247 sq ft of land. Among its key achievements is a 25-plot development at Suryoday CHS, Ambernath, which is said to be the biggest cooperative housing society in Asia.
Rahul Panvelkar, Partner, Panvelkar Group, who after finishing his M Com and a diploma in Marketing took over the reins of the company, in a candid chat reveals more about the dynamic group, some of their upcoming projects, the real estate and construction industry and more. Excerpts:
How is the real estate and construction industry doing post-recession?
While recession may have affected a large chunk of the real estate and construction industry, it did not cause much impact on the residential sector primarily due to the fact that hardly any of it was exposed to Foreign Direct Investment (FDI) and the connected crisis.
How has it been for your group?
We are doing some of the biggest residential projects in both affordable as well as high-end categories. Most of them are located in the rapidly developing but affordable suburbs of Ambernath, Badlapur, Kalyan, Karjat and Titwala as well as at premium realty destinations such as Pen and Pune.
Tell us about some of your major projects in the above mentioned suburbs.
Among our key ongoing projects are two water park-cumresorts at Badlapur and a corporate accommodation facility near Ambernath. One of our biggest residential projects is the Panvelkar Green City, which is coming up at Ambernath.
Give us more details on this project.
The scheme offers 2,000 1, 2 and 3 BHK flats of areas ranging from 600 to 1,300 sq ft. At Rs 15 lakh to Rs 35 lakh, this is one of the most affordable projects in the area in spite of offering unique amenities such as heritage club house.
Affordability seems to be a key factor of your project. Give us details on your other projects in this category.
Another noteworthy project in this category is Panvelkar Royal Square, which is coming up at Badlapur. The scheme has on offer 120 flats spread over an area ranging from 550 to 1,000 sq ft. Though as part of this project we are offering modern amenities such as modular kitchen, the price range is Rs 9.25