Being a prime advertiser in print media, real estate has inevitably acquainted with a long-term investment alternative for fabricating wealth and generating passive income. Over 90% of people leverage real estate to build equity for their future and gave rise to a reliable flow of cash while doing the investment in the right way.
With the usage of the right technology and the right analytical approach to making a profit out of the purchased or rented property, investors have seen rapid growth and better scope in real estate investments. With the introduction of economic policy reforms by the government, the real estate industry expects a great potential for both investors and developers in the coming future. Numerous pioneers in real estate are out there that exhibit a system of transparency and accountability with the sector making it a leading choice for market capitalization.
Epitome Builders Private Limited – an alluring model of design and delivery – was incepted in 2008 as development and construction projects company to bring value addition and to forward integrate as the demand for quality real estate accelerated. Being a privately held company, Epitome was established as a construction arm with a specific focus on the residential market & emphasis on the modern lifestyle of home seekers of the new millennium.
Epitome Builders is a Bangalore-based real estate development entity, primarily focused on sustainable development of residential, commercial, and mixed-use development projects. The Company’s residential focus extends from luxury apartments to premium villas and plotted development. Ever since its inception, Epitome has consistently strived towards being a trusted real estate brand with a strong emphasis on design, quality, engineering, customer-centric approach & uncompromising business ethics.
Founded with a passion to excel and break the boundaries of the conventional approach, Epitome has taken an evident path towards achieving ‘Customer Delight’. The fundamentals of functional design, luxury amenities, international brands, smart home technology and sustainable features are thoughtfully and meticulously embedded into every Epitome home to transform the lifestyle and provide an enriched and peaceful living experience.
Mr.Syed Hidayath – Managing Director, an innovator with 20 years of expertise in management and leadership skills, endures that the core to build an outstanding and inspiring company emanates from people and the impactful process. Proactive with all aspects of the business from continuous market research, Mr. Syed is endowed with excellence in understanding the market, identifying opportunities, feasibility studies, building partnerships and teams to deliver as planned. Passionately striving towards the early adoption of technological innovations and ideas, he is making every Epitome project at par with those in the developed world.
Refining with Flexibility
Challenges in real estate are aplenty. Starting from lack of planning and infrastructure, bureaucratic hurdles and changing policies, high-interest rates, out-dated city development plans to real estate yet to get the industry status despite being the highest employer and contributors towards the GDP.
All of the above make it a high-risk sector that only a few with long-term approach and mitigated planning can sustain. The market was already sluggish after the demonetization and implementation of GST and RERA. In addition to that, Covid -19 pandemic amplified pain and had a significant impact on the availability of labour, material supplies, liquidity and most significantly diminished demand for homes for two quarters until Oct ’20.
The demand however has increased in Q3/Q4 of 2020 with many driving factors from the government stimulus, reduced interest rates and lucrative offers from builders. Home-buyers started taking advantage of several benefits & End-users who were financially braced and were planning to buy a home shortly took a jump towards home ownership. This was evident across all markets and segments that indicated a revival for real estate in the months ahead. Infact, owning a home is on high priority not just in India but globally.
Referring to Bengaluru, the city’s residential sector, which experienced significant improvement in property sales and enquiries during the Q1 of 2021 was subdued in Q2 due to the second wave of Covid-19 but is expected to witness demand momentum in Q3 backed by rising end user demand particularly for mid-segment projects.
Pandemic and Growth Expectations
Without a doubt, the impact of the pandemic was most significant on the construction industry. However, the two major aspects that reduced the impact on our ongoing project were first, – the modular construction that reduced the workforce by half in comparison to conventional construction and secondly, having the labour camp within the construction site with all the required facilities & prioritising the well-being of everyone at the project site.
2020 has seen a massive shift towards increased health and safety concerns in apartment living trends. This has led to calls for changes in systems and regulations for just about every industry, especially multifamily housing. So it’s no surprise that residents are interested in touchless systems for high traffic areas and capacity limits for areas like gyms & clubhouses. Residents who desire a greater sense of security, safety and wellness are willing to pay for premium amenities such as touchless entry, contact tracing, tracking of community space cleaning, and contactless delivery facilitation etc.
The pandemic also brought into focus the location of the property as a focal point since high-density localities and Covid-19 hotspots are now a new concern. As WFH becomes a norm, with the evolution of technological capabilities, people have a preference for suburbs with greenery, less pollution, and bigger apartment sizes together with daily conveniences.
After spending an extended amount of time at home, there is a need to have more space for a home office or study area. Therefore, developers are now tweaking their under-construction projects to incorporate these elements. Homebuyers now are certainly going to embrace homes that are future-ready and sustainable.
Without a doubt, pandemic has highlighted the importance of a home and a new vision of comfort for Indians, which earlier preferred renting, is paying heed. They are now sincerely looking at home ownership which is a tremendous shift that arrived about in less than three months, jumping from 40% to 55 percent, according to Anarock property consultants.
Unfolding Advancement
With an in-depth understanding of today’s markets, customer preferences & technological advancements, it’s high time to gear up for new opportunities. As with reducing inventory and project launches turnaround in the residential segment is expected to happen soon.
With an optimistic outlook due to changing needs, the team of Epitome Builders is focused to add new projects, enter new micro-markets, and increase market presence in the short term. With the sector undergoing challenging times, huge opportunities have been observed that need to be well-capitalized.
Through a combination of equity and debt, investments in new projects have to be well-timed to take advantage of a counter-cyclical investment strategy, strengthen the development of the business pipeline designed for the next few years.
Overall, the real estate sector has exhibited rapid transformation with technological advancements in the last decade. It is therefore essential to always be ready in adapting to the changing needs of modern lifestyle requirements. Also, belonging to a background of strong engineering insight, it is fundamental to make every building future-ready, reduce construction time, improve quality and have amenities to transform the lifestyle of homeowners.
Epitome Elan – an aspiring and potential project has set a benchmark in the mid-segment by offering modular construction, functional space planning, smart home technology, international brands, sustainable features and a host of world-class amenities along with daily conveniences. With the introduction of Elan, all homes are now equipped with a host of amenities, a dedicated work/study area in each room along with a provision for high speed connectivity & complete home automation. This 360-degree approach to ensure a lasting asset and a peaceful living experience has significantly increased acceptability of the longing projects & has resulted in several awards in the recent past.
Epitome Builders is committed to building value & creating communities of the future.
