Establishing an organization that deals with numerous segments successfully is a dream of every entrepreneur.
Becoming a multi-dimensional entrepreneur is not everyone’s cup of tea. But, the way the Indian business industry is revolutionizing in the modern time, the scope for becoming a multi-dimensional entrepreneur has eventually grown.
Establishing an organization that deals with numerous segments successfully is a dream of every entrepreneur. However, it’s necessary to understand that this road might be very challenging, testing one’s patience and entrepreneurial skill every now and then.
In an interaction with Franchise India, Abhishek Kulkarni, Chairman & Managing Director, Million Group of Companies explains about how his entrepreneurial journey and experience helped him in establishing a strong foothold in sectors like real estate and health and wellness.
The Rapidly Transforming Real Estate Consultancy Industry
Abhishek shares, “The Indian real estate sector is full of great potential. In fact, the real estate sector is believed to continue record tremendous growth as the need for real estate for people is never going to decrease. It is one of those sectors that will continue to dominate while innovating itself according to the current market demand and customer’s expectations.
Since India is witnessing rapid growth in the economy with disposable incomes, people will eventually look for better homes to live in. As the standard of people continues to fluctuate depending upon time, the real estate investors have enormous opportunities in building a home according to their requirement.”
Current Challenges in the Real Estate Sector
Every industry has its own challenges that entrepreneurs/franchisors need to deal with. Roadblocks and trends carry the potential to revamp an industry, depending upon the current scenario of the business sector.
“People’s perception towards the current Indian real estate sector is one challenge that I personally believe exists in the modern time. The positivity available in the industry back in 2012-2013 is no more there. Since the industry is still an unorganized sector in India, the industry has several projects with the unreasonable hike in pricing that shifted people’s attention from this industry towards some another,” says Abhishek.
The Difference between International & National Real Estate Sector
Abhishek explains, “Undoubtedly, the international real estate market is much more organized than the national one. In fact, there are a lot of real estate consultancy firms in India who may not be registered with all of the requirements that our government demands,while one just cannot start a real estate business in international territories unless and until the brand fulfill all the basic requirements.”
“Despite the gap between the Indian and international real estate sector, the ease of doing business in India is good in a way that shouldn’t be lenient as it is currently,” added Abhishek.