SuchirIndia and its allied companies have developed over 7,000 acres of prime land in the most lucrative locations in the State capital. The company’s CEO Y. Kiron firmly believes that infrastructure and real estate in the twin cities would continue to boom for another decade or so despite the usual and even unforeseen impediments.

Some of the better-known developments of the company include Phoenix Port, West Brooke, Romana County, Vintage Valley, Gold Coast, Mount Opera and Timberleaf. The company is also ISO 9001 and 14001 certified.

On giving a corporate look to real estate business:
There is a tendency among general public to look at real estate developers as someone who do not deal professionally and that breaking rules is second nature to them. We can’t fault the customer for that because to some extent, members of our ilk are to be blamed. However, our company has brought a corporate look and veracity to the real estate business. We would not sell dreams if we can’t deliver them to the customers.

Increasing rates of raw materials:
I feel that despite the efforts of State and Central Governments to bring down cement and steel rates, they are bound to further skyrocket. The Government tried to intervene by cutting excise but the move backfired. There are several reforms that Government has to take including recognising this sector as an industry. Then only things would look up.

On formation of Greater Hyderabad:
Real estate and construction activity will grow for another decade in Hyderabad and surrounding areas. Greater Hyderabad will be a boon for the common man because he will be able to have some choices at his disposal.

On real estate scenario in other countries:
The infrastructure growth will be tremendous and developers and builders will be able to showcase affordable houses to the lower middle class and middle class where the numbers are more.

I had this lucky opportunity to visit several countries including China. At the moment, China is way ahead in construction and real estate business because of the Government support. On future plans: We are coming out with a `Floating City’ having about 80 villas very near to the Ring Road. We are pricing each villa anywhere between Rs. 2 crores to Rs.3 crores. Apart from that, for middle class we are developing West Brooke near Maheswaram while Gold Coast would attract the upper middle class. A 800 acre adventure park, developed in collaboration with a consortium of middle east companies, would offer para-gliding, hot air ballooning, bungee jumping, rappelling, trekking.

SOURCES:
The Hindu