Articles & Blogs

The Benefits of Turnkey Projects in Real Estate

JULY 2017


The Benefits of Turnkey Projects in Real Estate
Grovy India Share

The past year or so has been a challenging time for both buyers and builders. However, as we progress half-way towards completing 2017, there has been an uptick in end user demand for ready-to-move-in properties or those nearing completion and projects from established Construction Companies in Delhi NCR region.

One area where most of the real estate firms stand out among its peers is in the field of turnkey projects. The term “turnkey” refers to a service where the construction house undertakes the entire responsibility from design through completion and commissioning. In other words, the buyer gets the full package — design, manufacturing, installation and setup — all from one provider.

A unique way of differentiating a business, turnkey-based real estate projects benefit the end-user in the following areas:

● Reducing total time required during a contractual process

● Reducing the overall cost of the project

● Quality management is well managed by experienced personnel.

● Minimizing orders of change during the implementation of the project

● Easier vendor management

● Incorporation of eco-friendly elements

● Project supervision and holistic consultancy services

Real estate companies in such projects, not only offer the above benefits but also binds together all the essential steps including site selection, negotiations, space planning, construction coordination and complete installation thereby optimising costs and project time resulting in a win-win situation for the buyer.

Creating a niche for itself in the premium residential sector as well as commercial projects is Grovy India, a boutique firm with over three decades of operational excellence. The company boasts of a strong presence in the Delhi NCR area supplemented by their strengths in the areas of design and architecture.