The real estate industry has experienced many crests and troughs since the outbreak of the pandemic in 2020. However, the overall impact of it is favourable for the real estate industry. Let’s talk about the recent trends in the real estate industry. According to the latest Magicbricks PropIndex Q2 (April-May-June) 2021, the demand for residential real estate has increased by 1.7% in June, just after the second wave was subsidized.
Various factors caused this increase in the demand for residential real estate during the pandemic. However, the two primary reasons are:
People have realized that they need spacious homes where COVID protocols can be followed correctly.
Historic low home loan interest rates reduced stamp duty rates, and other demand stimulation measures have fueled the real estate demand.
People are now looking for housing societies with spacious homes and the infrastructure and amenities following COVID protocols. .
Wide and good quality roads have been developed that have improved the connectivity to a great extent.
However, one cannot deny the integral role played by real estate developers in providing such options to the people.
One of the renowned real estate developers, the Manglam Builders, has understood the need of the hour and started developing residential and commercial projects that comply with COVID protocols. They have taken care of people’s requirements at a very granular level.
Being one of the leading real estate developers, Manglam Group has always played a significant role in the infrastructural development of Jaipur. Jaipur can be considered as one of the fastest developing cities in the North India.
The Manglam Group has been serving the people of this fantastic city for the last 2 decades. During this period, Manglam Group has redefined the people’s expectations from a real-estate developer. Their innovative approach and ability to evolve, has given new dimensions to the real estate market of Rajasthan. Whether it is commercial spaces, residential apartments, townships, farmhouses, villas, or entertainment theme parks, the Manglam Group has pioneered all the projects.
Mr. Nand Kishore Gupta, the Chairman of Manglam Group, has done a commendable job as a leader. His vision has brought a paradigm shift in the real estate business scenario of Rajasthan. Under his leadership, the Manglam Group has played a very significant role in the infrastructural development of this city. Many of their projects are recognized as the benchmarks in today’s real estate arena of Rajasthan. Some of the milestones established by the Manglam Group are Apex Mall, Crown Manglam’s Plaza, Eden Garden, Ganpati Darshan, Manglam City, Manglam Vihar, Kanak Vrindavan, Kanak Vatika, Rangoli Garden, Utsav Ashiana, etc. The group has also made a strong foray into the amusement trade by acquiring Essel Group’s “Fun Kingdom,” in a joint venture with Dainik Bhasker, India’s largest media house.
Milestones
Over the years, the Manglam Group has grown from strength to strength and has completed around 76 projects. The Manglam Group has handed over 22,990 units (residential, commercial, and industrial units) comprising 4.21 Cr. square feet.
Manglam Group was launched in 1995 to redefine the real estate scenario and cater to the housing needs of mid-income and first-time homeowners. Additionally, a little over 20 projects are planned for new launches soon.
Awards
The Manglam Group has won various awards since its inception. The company has been honoured with the “Builder Award of the Year in 2012 and 2013 by Hon’ble Chief Minister Sh. Ashok Gehlot, BCI Awards for Manglam Aananda in 2013, Naredco Award and India Today Award in 2014, NDTV Awards in 2015, Award from Z News in 2016, and ET Leader of Rajasthan Award in 2017.
Continuing its voyage towards the infrastructural development of the Pink City, the Manglam Group has announced 6 new projects to redefine the way the people live. Manglam Group is going to invest Rs. 850 Cr in the coming four years in 6 differentprojects. These include premium integrated townships, commercial projects for furnished world-class office spaces, luxury flats and villas, and many others.
In addition to it, the Manglam Group’s initiative to conserve natural beauty is commendable. Manglam Group is planning to provide 8 lac sqft of green area within a few years. So, we can say that the Manglam Group is moving ahead with a far-sighted vision and understands that infrastructural development doesn’t mean constructing buildings.
Manglam Group’s vision is to be the most successful and respected real estate company by earning customer loyalty and trust through continuous and quality-driven growth based on the sound principles of integrity, business ethics, product innovation.
Group has always endeavored to provide modern architecture, international quality construction, and the latest amenities at affordable prices.
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