Raheja Developers: January 2014

Wednesday 22 January 2014

Mr. Nayan Raheja - The NextGen Entrepreneur, Money Indices 22nd January 2014

Mr. Nayan Raheja Executive Director of
Raheja Developers Limited

It doesn’t matter how much wealth an entrepreneur makes. There are things of value that should be created, but are not particularly profitable. However, it is fortunate for the entrepreneur that things of value can usually be monetised in some shape or form. After all, money exists to be exchanged for things of value. Minting money isn’t the goal. It is the byproduct. It turns out to be a great by product because it can be reinvested to create more things of value. And I do believe if you make your customers earn money out of the money they have invested with you, be rest assured that you will remain an entrepreneur for all your life. It’s a give and take deal completely.

Be honest to yourself and only then can you be truly honest with your clients. Why I say this? Because you’d rather be an under-achiever but over-deliver than the other way round – over-achieve but under-deliver. This goes for how you consult with your clients too: if you can’t go as low as their budget, then don’t; if you think your pricing is too much for the service you’ll provide, then re-evaluate; and lastly, don’t be a ‘yes-man’ as you may put yourself in situations which can be very embarrassing to get out of. Be prepared to say ‘no’. Top tip: Don’t choose to do a job simply based on the money being offered. Before doing something drastic, look whether you could have gotten that for a bit cheaper (or possibly free) by some alternate creative means.

AGE 30

THE FUEL

Optimism is the fuel of business ownership. It’s almost impossible to run a business, if you don’t truly, honestly believe that what you do matters, and that it’s going to work brilliantly (forever)

THE METHOD

Great businesses balance the sustainability of a solid balance sheet with the resilience of an awesome culture

THE THINKING

How you think about money and personal finance will reflect on how you deal with money and the ways you accumulate money

Source: Money Indices

Monday 13 January 2014

Hope on the realty horizon

As we step into 2014, there is promise of something new and exciting to look forward to in the real estate sector. With the introduction of new legislations in 2013, the industry is all geared up for a progressive year, writes Bindu Gopal Rao

Year 2014 is being touted as the year of recovery for real estate. The end users will be in the market and the demand for mid and mid high segment will start improving from the second quarter of the calendar year. Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India, says, “The lukewarm absorption of office spaces is likely to remain until uncertainty over some of the current headwinds dissipates. The US federal reserve’s decision on tapering (due early next year), the Indian general elections and the RBI policy direction (based on the inflation growth dynamics) are key factors to look out for in the coming six months.”

Again the sentiments continue from the last year as a spill over. Venkat Narayanan, Executive Director — Finance & CFO, Prestige Group says, “Based on the last three quarters of 2013, when the Bangalore market outperformed in terms of new launches and sales velocity, we are certainly hoping that the trend continues. Of course, interest rates will continue to be a key factor.” The presently cautious market sentiment is likely to continue, but the second half is likely to witness a gradual revival in absorption.

Manoj Goyal, Director, Raheja Developers Limited, opines, “We expect a growth in the prices of real estate by around 10% on year on year basis. It is also expected that the capital market regulator, SEBI, will notify the guidelines for Real Estate Investment Trusts (REITs) in India. This will help small investors to invest in the real estate sector.”

Source: Deccan Herald