Varun Manian on Real Estate

Chennai, with its booming IT industry and an impressive tourism sector is one of the leading players in real estate in India. The materialization of the ‘Smart City’ concept and the introduction of Real Estate Regulatory Bill seem to hint towards a bright real estate future in India. One company that is changing the real estate landscape in Chennai is Radiance Realty headed by Mr. Varun Manian.

Mr. Varun Manian is a native to Chennai and understands the temperament of its residents. His perception of what people look for in property investments has given Radiance Realty an edge over its competitors. His aim is to improve Radiance Realty’s position to become one of the most notable real estate developers in Tamil Nadu.  

As opposed to popular belief, Mr. Varun Manian asserts that it is not the developers who make the most money but it is the land owners and banks who charge high rates of interest to real estate companies and earn the most in this industry. With prices being stagnant for quite a while now, Varun Manian is confident that prices will rise in the immediate future. He strongly believes that long term investment in real estate is the most lucrative and has even outperformed stocks and gold in the last twenty years.  

When it comes to the concept of Smart City, Mr. Varun states that the country as a whole deserves facilities such as power and water supply, efficient roads and transportation, waste management and e-governance and that it should not just be limited to a few cities. He believes that the development of such cities will have a trickledown effect for the surrounding areas also.

Talking about Radiance Realty’s future for the next three years, Mr. Varun Manian stressed on the core values of the company and how they abide by it. 

• These are-Caring for customers and building homes for people and not just houses.
  
• The superior quality of construction which he partially attributed to years of construction legacy. He also said that they aim to be synonymous with the term ‘Quality’
  
• Avoiding delays and delivering projects on time.
  

As regards the Real Estate Regulatory Bill, he states that it promotes transparency across the real estate sector which ensures the survival of ethical and serious builders only. Further, it will also have a positive impact on the delivery schedule of projects and ensure that they are delivered on time.