From the time we began living in houses built of new-age material, the art of home building and the craft of construction has evolved tremendously. Parijatha Homes & Developers Pvt Ltd has taken that art and craft to perfection by continuously building a natural homely nest for its clients.
There is an exciting story behind this honest realtor’s venture and its team’s evolution–led on its path of success by the ingenious leadership of its Chairman, Mr T. Anjaiah, the Managing Director, Mr T Naresh Kumar, and the Director, Mr T. Sridhar.
After beginning his career as a real estate developer back in 1992, Mr T. Anjaiah laid the foundations of a generational dream. His eldest son, Mr T. Naresh Kumar, joined him to float a company with the Parijatha Homes and Developers Pvt Ltd name. The two were then joined by Mr T. Sridhar in 2007, after his return from Australia.
Sri. Thatipamula Anjaiah (68) is a graduate with a vast experience of 35 years in Real estate and Construction. Associated with the company since its inception as a promoter, he looks after the land acquisition as well as Marketing and the overall administration of all the Projects.
Sri. Thatipamula Naresh Kumar (44) has a huge experience of 21 years in this industry. Again being a promoter since the firm’s inception, he looks after the Finance and Accounts, overall administration, and making strategic decisions for the company.
Sri. Thatipamula Sridhar (42) has an experience of 15 years in this sector. Since 2007, he has been responsible for executing the Projects of the Company.
Smt. Thatipamula Parijatha (65) has again a tremendous experience of 21 years and has been associated with the company since its inception as a promoter. She looks after the overall administration and Human Resources Department.
Under the visionary leadership of all the Directors, including Smt. Thatipamula Parijatha, Parijatha Homes & Developers, has blossomed into the industry-leading realty company it is today. By leveraging in-depth knowledge about the ebbs and flows of the realty market and the crucial insights of the construction industry, they can create a force to be reckoned with.
In an interview with CIOLook India, Smt. Parijatha spoke in detail about Parijatha Homes’ enticing journey from its inception, its present position as the industry leader, and the company’s future endeavours.
Please brief our audience about Parijatha Homes, its USPs, and how you are currently positioned as one of the best real estate firms.
Ours is a Private Limited Company, presently engaged in the business of developing open plots, layouts, and construction of apartments having a vast experience in this line of activity.
Formed under the strong guidance of Sri. Thatipamula Anjaiah in the year 2002, our main aim is to move to the next level and to give the public across the country, an experience of the best under one roof–to become one of the best construction and Real Estate Service providers. We consider various aspects of the services, market analysis, investment details, and financial analysis to achieve our desired aim.
Tell us more about Parijatha Homes’ offerings and what aspects make it stand out in the cutthroat competition.
Given the competitive character of the real estate sector, achieving the pinnacle of success in the field is a task only a few can ace. By relentlessly striving for perfection in our realty offerings and services, we have been successful in carving out a definitive niche for ourselves in the real estate market. Our 21-year-long pioneering legacy has cemented our market-leading position in the sector.
As one of India’s leading realty development companies, we have mastered the art of handling and managing the entire spectrum of real estate services. The venture has spearheaded the construction of myriad edifices, including community apartments, Hi-rise apartments, independent villas, and commercial apartments.
We have extensive experience in the management of premium villas and residential plots – the team’s eye for details and nuances has pushed us to conquer new terrains of success. Under our team’s watchful auspices, today, the company has grown to become the prime choice for all types of real estate and construction projects. Ideating architectural designs that are unique and appealing, Parijatha has become one of the most sought-after realty brands in the market.
The Company adopts cognizance of the economy, the operational matrix of the real estate market, the construction industry as well as the planning process helped to bring together a talented management team. Under its expert guidance, we are engaged in beautiful, eye-catching, and integrated luxury homes in prime locations and unique architectural designs that appeal to discerning customers. This unparalleled real estate brand guarantees 100% customer satisfaction and caters to the needs of the customers 24×7.
Providing Ideally located Homes to All: Accessible real estate locations are dwindling at an expansive pace. However, with Parijatha’s ideally located real estate options, one does not need to worry about this issue. We ensure that each integrated complex or villa is located in a prime vicinity, and the residents have guaranteed access to the best schools, hospitals, markets, banks, etc. Each project is carefully ideated to ensure that the living experience of the potential residents can be optimized. We make stylish living affordable for all.
Constructing a Fortress: We ensure that the foundational base of your home is secured with an RCC frame structure. We are beacons of strength in the world of Construction and real estate. Good quality of Red Bricks or 9” thick AAC Blocks are used for the external layering of the walls, and 4½” thick ones are implemented for internal ones ensuring the structural integrity of your home like never before. Each home comes with a lappum finish and top-notch design elements. Moreover, each integrated residential plan is 100% Vaasthu Compliant.
Each Parijatha Home is equipped with a Teak wood frame at the main door and the designed flush doors are fitted inside the home. The interior of the home is illustrious as the exterior as their smooth finish remains incomparable. Vitrified Tiles are used to curate the distinctive flooring plan of each Parijatha Home. The perfect interior design conceals the ingenious wiring of the houses that provides residents with optimal electrical sockets in all the rooms.
We develop exceptional housing structures within the price range of ₹30 lacs to ₹75 lacs, giving special attention while choosing locations of their projects, keeping in mind the targeted segment’s basic needs and amenities.
In-Built Affordability: Purchasing real estate is a hefty investment. We ensure that our offerings remain affordable for our clients and that the cost remains reasonable and lucrative against the many amenities available with Parijatha Projects, which are approved by financial institutions like SBI, LIC, AXIS, HDFC, PNB, and IIFL.
Ingenious Designs: A real estate brand is only as good as its aesthetic appeal. Parijatha has time and again proven its mettle in curating the most affordable yet innovative homes with best-in-class amenities. Offering premium design brilliance at an affordable price point is the USP of our brand. Each aspect of one’s dream home is carefully crafted by our team at Parijatha. From Teak wood finished main doors to chic interiors, each Parijatha home is designed to exude elegance and grace the brand promises.
Easy Access to Amenities: Working to ensure the holistic satisfaction of its clients, we have always endeavoured to optimize our construction projects. Keeping in mind the amenities clients need to go about their daily routines, we have always selected some of the most well-endowed locations. Thus, each Parijatha integrated complex, community apartments, or villas are located in premium areas with easy access to amenities like schools, banks, hospitals, markets, etc.
Water scarcity issues are not the woes homeowners at Parijatha projects have to deal with since these homes come with both bore water supply systems and provision for municipal water systems. Equipped with a compound wall for the entire project, inclusive car parking, shuttle courts, clubhouses, and many other premium offerings, each Parijatha project pushes the envelope for affordable real estate with its list of included amenities.
Edifices Built to Last for Life: The quality of construction material used by the company has set it a class apart from the rest of its market competitors. Durability is built into the fabric of each edifice constructed by the Parijatha team. Each Vaasthu-approved Parijatha project is made with the most premium quality materials. From an RCC frame structure that offers maximized stability to the edifice to 9-inch Cement Bricks/AAC blocks used for external layering of its walls, Parijatha can be trusted to use only the best for your dream home.
Gated Communities: Security is a major concern for clients. Investing in a well-security property is essential to living one’s life peacefully. We ensure this by selecting locales that are most secure as well as providing top-notch security services to its projects. Apart from the usual round-the-clock security service, all Parijatha projects feature a vigilant CCTV system that takes extra care of the residents’ well-being and security. Since these edifices also come with intercom facilities, one can safely relax in these sanctuaries.
Roadmap for the Future: While Parijatha has secured a prime position in the market, it aims to soar to higher pinnacles of success. After Parijatha Pride Block-I and Block-II, currently, the company has five impressive projects in the works; Parijatha Pride Phase–II at Shamirpet, Parijatha Elite at Bacharam, Parijatha Prime at Adibatla, Parijatha Icon, and Parijatha Icon-II at Shameerpet are the main projects we are focusing on.
In addition to the above, we offer Apartments at affordable prices with all amenities, including Club Houses. Moreover, we purchase the land nearer to the Outer Ring Road (ORR) and Prime Locations. We give top priority to the legal aspect of the Title-Deeds, and the land dealings are finalized only when the Title is clear.
To date, we have developed and have under development, approximately 50 lacs sq. feet of housing infrastructure. With such exceptional strides in building some of the finest homes in Hyderabad, we are set to become one of the premiere names in the housing domain.
Our philosophies are precise:
- To create a Real Estate Community and make it grow leaps and bounds and make loyal followers who shall be termed as an evangelist of business or brand ambassadors who shall drive business with their word of mouth.
- To be the best and one of the largest destination places across the country.
- To provide quality Services to the customers at very competitive prices.
- To train, generate and retain a talented team.
- To become one of the best Real Estate Service providers across the country.
- To give the public across the country, an experience of the best under one roof.
- To develop a solid, corporate identity in our specified targeted market area.
Our Vision is to provide the best Construction of Apartments, Villas, and Real Estate Services across the country.
Quality and Affordability are two terms that dictate the housing industry. We started our company to redefine these factors which will help us to create an era that can be marked as a golden history in the global market.
- Backed by qualified and professional people having abundant experience; we dream of the Housing industry reaching middle-class people with affordable prices.
- We have started with a vision of creating a series of housing concepts that will combine the already-mentioned parameters and the soul of people. We believe in transparency and exceeding customer expectations as the yardstick for development.
- To become a distinguished service provider known countrywide for the range of all construction of apartments, villas, and real estate services.
- Maintaining technically sound employees to help in construction activity thereby ensuring the delivery of the best quality Services at right time, right place, and at the right price.
- Our Vision is to ensure that the customer needs are met with 100% satisfaction.
- Our Mission is to be the leading Luxury developers in realizing our customer’s dreams both in terms of budget as well as satisfaction. And our company’s crew including development staff such as Architects, Designers, Contractors, Legal advisors, Marketing Staff, and all other staff are highly skilled and experienced. Our key Mission is to be the best provider of Residential communities, designed to create a quality lifestyle responsive to the changing needs and preferences of the market we serve.
In doing so, we are committed to:
- Ensure customer satisfaction.
- Achieve sustainable growth in our shareholder’s investment.
- Maintain a mutually beneficial relationship with our partners in the business.
- Care for the environment we work in and promote the growth of our people.
Being an experienced leader, share your opinion on how the adoption of modern technologies like AI and ML is impacting the real estate space and how is Parijatha Homes adapting to the change.
Real estate companies are increasingly using Artificial Intelligence (AI) in every aspect of buying, selling, and home financing. Algorithms can now go through millions of documents in seconds, looking through property values, debt levels, and home renovations.
Many Customer Relationship Management (CRM) mechanisms use automated data reading and item reporting. AI not only decreases the time, real estate agents spend on the computer for office work, but it also helps to remove human error from the data entry procedure.
AI touches every aspect of our personal and professional online lives today. Global communication and interconnectivity in business is and continues to be, a hugely important area. Capitalizing on Artificial Intelligence and data science is essential, and its potential growth trajectory is limitless.
AI is a branch of computer science that combines multiple disciplines, to create smart machines—devices and systems capable of performing complex tasks that often require human intelligence but in a manner that equals or exceeds the capabilities of humans.
Considering the current scenario, what initial challenges did you face and what are the challenges now?
Initially, there was severe competition from the then existing Real Estate Companies in both the ‘Brand’ and ‘Selling Price’. However, we encountered challenges by offering the best price to middle-class families and we had retained our existence in the market till now.
The country’s real estate sector has bounced back since the COVID-induced lockdowns in 2020, posting healthy growth over the last six quarters. But it is facing serious macroeconomic threats again. Despite bouncing back to the near pre-COVID levels in 2022, the real estate market could soon be hit by skyrocketing inflations, repeated repo-rate hikes by the central bank, and overall volatility.
Accordingly, demand for residential homes and office spaces improved significantly during the 1st Half year of 2021. Gaining further from the steady rise during the second half of 2021, sales in the residential market surged further by 60 percent in 1st Half Year of 2022.
What would be your advice to budding entrepreneurs who aspire to venture into the real estate space?
With the right training and tools, almost anyone can make money in real estate. There are many facets of the industry and plenty of real estate business ideas to choose from. Initially, it can seem overwhelming. Instagram is full of real estate advice and incentives.
Don’t wait to buy real estate; buy real estate and wait. Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
How do you envision scaling Parijatha Homes’ operations and offerings in 2022 and beyond?
We guarantee that we built homes adhering to our customer-centric philosophies, mission, and vision. Shortly also, our focus is on customer thinking of their dream home and knowing the purpose, scaling our business on creating customer loyalty.
We also develop a business map and render the perfect product or service to the customer. Because of creative, thoughtful processes and operations, we attract customers with the help of our efficient marketing management team and we retain our Brand and try to enhance it.