From the Managing Director’s Desk
I am pleased to share with you the October 2017 edition of our quarterly newsletter — Wadhwa Speak. We are happy to let you know that in FY Quarter 2, The Wadhwa Group saw an impressive 34% growth over the previous Quarter. Growth has occurred across all projects. Year-on-Year, Q2 growth was 16%.
The real estate industry has been on a bit of a rollercoaster ride of late because of the demonetization followed by implementation of RERA and then GST. There may be another 6 to 9 months of transitional adjustments to contend with, but the outcome will be well worth it. A couple of years down the line, there will likely be a lot less developers, but good practices will prevail among those that remain.
It is said if we don’t change with time, time will change us. Especially in the context of what we are witnessing in our industry, we at The Wadhwa Group believe that we must embrace the change quickly and wholeheartedly.
Mahatma Gandhi once implored “Be the change you wish to see in the world”. So, we at The Wadhwa Group take it upon ourselves to further improve the way we operate, communicate, take ownership, remain accountable and take measured decisions. Our lead will bring the very changes we have called out for in the past, so we can all ride the upcoming wave of growth.
We look forward to announcing the launch of a few new projects in the near future, and are optimistic you will all be as excited as we are when you hear the details.
Another bit of important news is that The Wadhwa Group has tied up with prominent Non-Banking Financial Corporations – Piramal Finance, Indiabulls and L&T Finance, to help finance some new projects. Plans are already underway towards these.
We feel greatly honoured that The Wadhwa Group has received a number of prestigious awards this Q2. The Capital received ‘Sustainable Project of the Year’ and Platina received ‘Excellence in Delivery’ Award at the Times Network’s National Marketing Excellence Awards, 2017.
I hope you enjoy reading this issue.