JSW One Homes, dwelling building options arm of JSW One Platforms, is planning to strengthen its retail community within the South and in Maharashtra with 25 Homes Studios by March 23, in accordance with CEO Gaurav Sachdeva.
“Currently, we are present in Coimbatore, Bengaluru and Chennai, and have two Homes Studios in Tamil Nadu. We will be entering six more cities before the end of this fiscal,” Mr. Sachdeva mentioned in an interview.
According to him, Homes Studios will function a full-service emporium for all the house building necessities for patrons planning to construct their very own home. It is a perfect place to show dream of a house right into a actuality. Currently, 80 dwelling are being constructed within the South.
JSW One Homes entered the Tamil Nadu market in December 2021 by opening its first Homes Studio in Coimbatore. The second one within the State and the primary in Chennai was opened on Friday.
“In the last six months of commencing operations in Tamil Nadu, we have received more than 300 enquiries for home construction projects in Chennai. Hence, it is an organic choice for us to set up our studio in Chennai. We expect Chennai market to be a significant contributor to our consolidated order book in Tamil Nadu,” Mr. Sachdeva mentioned.
He mentioned consequent to the pandemic, there had been a shift within the home-buying behaviour of shoppers, who most well-liked ‘quality houses’ to flats.
He additionally quoted commerce estimates and mentioned the share of high-rise buildings had shrunk to 10% in 2021 from 22% in 2019. There had been an elevated demand for plotted land and unbiased properties in Chennai.
“This provides JSW One Homes an opportunity to capitalise on this demand to potentially corner over 1% market share and an order book of ₹600 crore from Tamil Nadu,” he mentioned.
JSW One Homes could be getting into Hyderabad, Tiruchi, Salem, Mysuru, Vizag, Kochi and Maharashtra earlier than March 23.
Source: www.thehindu.com
