The inspiring story of Bhairaav Group and its growing footprints in Mumbai’s real estate market|9amstories
 
The inspiring story of Bhairaav Group by Mr. Madan Jain Image courtesy: Topcount

The inspiring story of Bhairaav Group and its growing footprints in Mumbai’s real estate market - Candid talk with Founder and Chairman Mr. Madan Jain

Sheer determination, hard work, sincerity & commitment will convert one’s visualization to realty in any sphere of life.

Please share the story of the inspiring journey of Bhairaav group and you being the prime driver of the quest to become best in the business?

I began my professional career with Garment Manufacturing business with a capital of Rs. 29,500/- and just one sewing machine and later forayed into real estate, having projects amounting to 5,800 Cr. in hand, thus creating distinctive name for Bhairaav Group.

My entry into business was purely accidental when I took up garment job-work activity. Fortunately, the business grew by leaps and bounds and within a short time I started exporting readymade garments to USA & European countries.

Nearly a decade after tremendous success and steep progress, in the year 1984 a devastating fire in our factory wiped out almost everything we built and I was back to square one! I was committed to bounce back and once again re-built the entire garment export business. Thereafter there was no looking back.

Over the years I have been taking initiatives and active interest in trade matters along with fellow exporters. We took up critical issues faced by the industry with the Government. I was also elected as President of “All India Garment Exporters & Manufacturers Association” (AIGEMA) for three consecutive terms.

In the year 1995, when India signed GATT agreement, I anticipated a gradual slowdown of garment business by 2005 and hence ventured into real estate at the dawn of the 21st century. In 2002, Bhairaav Group successfully bid for a Govt. mill land and was the purchaser of the first textile mill land in Mumbai. Till today Bhairaav Group has undertaken several prestigious Residential & Commercial projects in Mumbai & Navi Mumbai. The Group has so far successfully completed over one and half million sq. ft. so far and has 5 million square feet constructions under various stages of execution.

Bhairaav Group has been honored with Corporate Excellence Award – 2015 at the hands of Hon. Housing minister, Govt. of Maharashtra, Shri. Prakash Mehta.

Was awarded as a ‘Samaj Ratna' in the year 2012 from the hands of our past President Smt. Pratibhatai Patil.

My belief akin to Jain religion's tenet is, “To Give and forgive. In 2013, I was honored with “Jain Samaj-Ratna” Award at the hands of the then Hon. Chief Minister of Maharashtra Shri. Prithviraj Chouhan.

I am the founder of Chief Patron of Jain International Trade Organisation (JITO) and held top positions in different times.

Born to devout Jain parents, I have been felicitated by various social organizations. To name a few:

  • Conferred the title of “Sanghvi”, the highest honour of Jainism during the year 1998.
  • Nakoda Darbar, Lalbaug, Mumbai (2002, 2003 & 2004)
  • Shatabdi Gaurav Foundation (2003)
  • Mahavir Jain Aradhana Kendra, Koba, Gujarat (2007)
  • Rashtrabhasha Parishad, Mumbai (2007)
  • Achievers Award, Junior Chamber International, Marine Lines (2011)

My sons Viivek Jain and Akkshay Jain are ably supporting me now to take Bhairaav group’s legacy to new heights.

 

 

How do you see the Indian Real Estate market evolving in near future?

Indian Real Estate market will evolve in coming near future as the trend is changing; people are growing and also their demand for better lifestyle. The buying trend has a slow and steady move but has a movement and it’s going to pick up more. Buyers these days are doing proper research before purchases and are willing to explore new locations.

People now opt for property where they don’t have to commute more and get the facilities at their doorstep. Nowadays the developers are building projects keeping in mind the importance of eco-sustainable measures and their responsibilities towards the society. We can also see that digital media is bringing a lot of changes in the industry. With digital media progressing every day, customer-behavior is also changing, so are their expectations. As customers are well-informed these days, the developers are being more transparent and upfront. The electronic media is extremely enabling and has opened up better prospects for both the developers and the customers.

What business goals you have set for your brand in next 3 years?

In coming years Bhairaav Group aspires to complete 5 million sq.ft of constructions which are at various stages of execution and we intend to achieve the same with team effort and hard work.

Bhairaav at all times will like to maintain its very strong commitment towards customer satisfaction with timely delivery of projects and providing its customer with better lifestyle.

Bhairaav believes in being updated with today’s latest advance technology and foresees to use the same in its overall functioning of businesses for its future evolution with the help of capable committed people.

If you could give any advice to our readers who are planning to invest in a property what would it be?

I would suggest them to invest in the growing and developing area like Ghansoli which is a node of Navi Mumbai. Ghansoli is well connected from all the sides i.e. the proposed Jogeshwari–Vikhroli Link Road (JVLR) – Ghansoli link will become Gateway to Navi Mumbai. The upcoming International Airport at Panvel, work starting from October, 2016 will make Ghansoli a linking point between Airport and Mumbai. Many infrastructural developments such as Sports complexes, Recreational parks, Malls are underway at Ghansoli. Ghansoli also has well-known IT Parks, Business centers, Renowned Educational Institutions and many more. In all Ghansoli will be the next prime location or you can say a place where one can have a “BETTER LIFESTYLE” where all the necessities are at one place.

I will suggest 9amstories readers and prospective buyers to explore new locations like Ghansoli which are fast developing and offer affordable housing choices.

 
 

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