Ace Enterprising Young Business Leader - Real Estate - Dr. Mohit Ramsinghani

Dr. Mohit Ramsinghani , Chief Sales Officer, Shapoorji Pallonji Real Estate

Top 10 CSO’s in India – Dr. Mohit Ramsinghani – Chief Sales Officer – Luxury – Shapoorji Pallonji Real Estate – Real Estate Thought Leader of the year 2022 – Shares his insights on India’s Residential Luxury Market

Shapoorji Pallonji Real Estate appointed Dr. Mohit Ramsinghani as the Chief Sales Officer (CSO) designate for its Luxury Business. Mohit will be responsible for setting up Luxury Portfolio’s and ensure the mobilization of the current set up of luxury assets.

Shapoorji Pallonji Real Estate is a well-regarded, reputed player in the Indian real estate sector owing to cutting-edge design innovation, construction quality and architectural excellence. Shapoorji Pallonji has created several landmarks across the country. They developed over 13 million sq. ft. of residential and 6 million sq. ft. of commercial properties to date.

During his 2 decade long career, Dr. Mohit Ramsinghani has gained robust cross-industry expertise across Real Estate, Banking and Financial Services.

Dr. Mohit Ramsinghani is a Doctorate in Strategy with Management Degree from IIM Ahmedabad. In a career spanning 18 years, Mohit started as a Private Banker working with Banking giants like HSBC, Barclays, Indusind Bank and has spearheaded several profitable business models. In his previous assignments, he was at the helm of Radius Developers, Runwal Group and has managed previous assignments with revenue to the tune of 60 billion INR and Inventory worth 140 billion INR.

Dr. Mohit Ramsinghani is an incredible leader and has been honoured among top 10 CSO’s in India by StartupLanes & is also India Property Awards Winner, Real Estate Thought Leader – 2022,India Property Awards, International Brand Equity.

Dr. Mohit Ramsinghani states that it is an undeniable fact that the luxury real estate market has performed exceptionally well in recent years. Luxury condominiums, luxury housing and villa projects are on a selling spree in the country.

As per Dr. Mohit Ramsinghani, there was a time when owning a home was a necessity, today the concept has changed to modern & luxury homes as a necessity. Buyers want to upgrade their living space with greener surroundings, best-in-class amenities, top-notch services, opulent interiors & larger spaces. People living with the gated community of premium housing are protected during the Covid pandemic.

This will become a key requirement in future. The demand from top level executives, business class, NRIs and HNIs is on a high seeing the attractive price point levels, 2021-22 was the best year to buy a luxury home at the desired price. The escalation of prices of property is inevitable. One of the biggest reasons for increase in prices is demand-supply gaps. The demand has been constantly rising while the supply has been very limited, adds Dr. Mohit Ramsinghani.

According to Dr Mohit Ramsinghani, “Dream big to be big in life” a common saying amongst today’s young population. Luxury housing is inspirational for today’s youth and they desire to have a house with the best of amenities & ticket size of 5 to 10 crores being the most preferred ticket size in luxury residences.

Also, we have seen multiple high end 50 crores plus ticket size transactions by CXO’s & Business Leaders to upgrade their homes & move to a much advanced & world class gated development, adds Dr. Mohit Ramsinghani.

“Luxury apartment communities are especially stepping up to bat in providing the most innovative and creative amenities to beat the competition down the street. Getting on board the best branded high-end on-site apartment restaurants are becoming increasingly popular, as they offer a convenient and luxury dining option for residents & also create a downtown living community. Concierge Services handling everything from chartering yachts to making airline, hotel and theatre reservations, private butler services, exclusive private jet memberships. The owners also benefit from help with everyday tasks such as grocery shopping, dry-cleaning pick-up and in-home package delivery. Club house, swimming pools & Spa services add the pampering to residents. Multiple zones like sports zone, arts & culture, kid’s zone, garden zone to create a complete gated community feeling with all the luxury amenities. Open to sky huge balconies & pools complete the feeling of staying in pampered luxury,’’ stated Dr. Mohit Ramsinghani.

Dr. Mohit Ramsinghani said, “With Indian Rupee being at its lowest, The NRI community has a unique advantage of converting their hard-earned foreign income into lucrative residential options in India’’. Owing to the various relaxation of business establishment procedures and the ease of doing business, many foreign players and MNC's have been attracted to India. The expected a rise in the number of HNI's and India's growing stature as an economic power, promises much in the luxury product segment. Post the pandemic, luxury housing market has reported significant traction; buyers are responding favourably as sale prices have corrected, making real estate attractive especially in the luxury segment. Customer confidence and market sentiments have strengthened by a positive atmosphere and most importantly, by the acknowledgment of real estate assets as guarantor of a secured future. The tide has surely turned and people are buying homes to actually stay in them and not only for investment.

Tags : Dr. Mohit Ramsinghani, Shapoorji Pallonji Real Estate, StartupsDekho