Wadhwa Group to shift focus in the acquisition of land banks

04 Nov 2016 Editorial Team

Mumbai-based Wadhwa Group has posted sales, up by 43 per cent in Q2FY16-17 to go along with the 20 per cent growth in Q1FY16-17. With the sale of over 250 units in H1, the group has achieved 90 per cent of the total volume of the last financial year.

Two of the company’s luxury projects, Atmosphere and Elite have sold 81 and 120 units, respectively, in H1 FY16-17. With excellent traction of sales, the group is now steaming ahead to build more such projects to be achieved this year. Upcoming luxury projects like W54 and 25 South have also found clients with six units already being sold for each.

Navin Makhija, Managing Director, The Wadhwa Group, said, “We have almost achieved sales in the first half of 2016 what we had made in the entire last year. We are now aggressively looking at new projects through PMC and JDA model as it creates a win-win situation for all stakeholders. As our sales growth has been good this year, we are looking to shift our focus in the acquisition of land banks as well. The group has been working hard on the conceptualisation of strategies, design, workforce and every possible aspect, which will help us to fulfil our customers’ aspirations. This has eventually reflected in our recent sales growth as well.”

Girish Shah, Director, The Wadhwa Group, said, “Strong growth in sales can be achieved when there is a right mix of networking, marketing, channel partner contribution, infusion of blue chip talent and a progressive management. With a well-reputed name like ours, it is an added advantage for us to deliver quality properties to all our buyers.”
Sales from international markets across the portfolio accounted for over 5 per cent of the total sales in Q2FY1617. Implementation of multiple activations, road shows, events and use of digital platforms in strategic markets like the Middle East, the US and UK has pulled overseas investments from NRI. The contribution of our channel partner increased to over 50 per cent this year from the sales done so far.

Mumbai-based Wadhwa Group has posted sales, up by 43 per cent in Q2FY16-17 to go along with the 20 per cent growth in Q1FY16-17. With the sale of over 250 units in H1, the group has achieved 90 per cent of the total volume of the last financial year. Two of the company’s luxury projects, Atmosphere and Elite have sold 81 and 120 units, respectively, in H1 FY16-17. With excellent traction of sales, the group is now steaming ahead to build more such projects to be achieved this year. Upcoming luxury projects like W54 and 25 South have also found clients with six units already being sold for each. Navin Makhija, Managing Director, The Wadhwa Group, said, “We have almost achieved sales in the first half of 2016 what we had made in the entire last year. We are now aggressively looking at new projects through PMC and JDA model as it creates a win-win situation for all stakeholders. As our sales growth has been good this year, we are looking to shift our focus in the acquisition of land banks as well. The group has been working hard on the conceptualisation of strategies, design, workforce and every possible aspect, which will help us to fulfil our customers’ aspirations. This has eventually reflected in our recent sales growth as well.” Girish Shah, Director, The Wadhwa Group, said, “Strong growth in sales can be achieved when there is a right mix of networking, marketing, channel partner contribution, infusion of blue chip talent and a progressive management. With a well-reputed name like ours, it is an added advantage for us to deliver quality properties to all our buyers.” Sales from international markets across the portfolio accounted for over 5 per cent of the total sales in Q2FY1617. Implementation of multiple activations, road shows, events and use of digital platforms in strategic markets like the Middle East, the US and UK has pulled overseas investments from NRI. The contribution of our channel partner increased to over 50 per cent this year from the sales done so far.