What type of financial services does Shapoorji Pallonji provide?

Shapoorji Pallonji has a 150 year long legacy in being the leading infrastructure company, with diverse businesses in its fold. When we talk of the financial services provided by Shapoorji Pallonji, it offers a highly integrated advisory platform for infrastructural investments and real estate sectors along with innovative structured finance solutions.

• Their integrated investment advisory services are aimed at creating a Grade-A office platform across all the key metros in India. Also, their non-banking finance entity supports corporates as well as infrastructure and real estate sectors in India.

• Pioneers in providing quality financial money transfer services in India, Shapoorji Pallonji is the leading manufacturer of queuing, ticketing and banking self-service automation solutions such as ATMs, passbook printing machines and currency counting machines in India.

Some financial services by Shapoorji Pallonji are:

SP Financial advisors
Shapoorji Pallonji Investment Advisors Private Limited is a 100% subsidiary of Shapoorji Pallonji And Company Private Limited (SPCPL). This Investment Advisory business is a synergistic expansion to SPCPL's existing real estate development and contracting businesses, to leverage its established brand name and expertise in the Indian market, providing it with the ability to establish a unique fully integrated real estate development and investment advisory platform.

SP Investment Advisor's competitive advantages in the advisory platform is across various elements of the value chain:

 

1. Extensive market presence in all key cities

2. Strong deal sourcing capabilities

3. Deep domain knowledge and expertise on the Indian real estate sector

4. Robust investment thesis

5. Fully integrated real estate platform

6. Unique value add approach (vis-a-vis pure capital allocation model)

SP Finance
Shapoorji Pallonji Finance Private Limited (SPFPL) is a Systemically Important Non-Deposit taking NBFC (NDSI), engaged in the business of onward lending. SPFPL offers innovative structured financing solutions to Corporate and Real Estate sectors, including last-mile funding. They offer a seamless experience in financing various needs of our clients, owing to their collaborative work culture solution-oriented approach and transparent dealings.

Forbes Technosys
Forbes & Co. is the oldest registered company in India and one of the oldest companies in the world. Established in the year 1767, Forbes & Company Limited was initially engaged in manufacturing, trading, and shipping. Under the stewardship of Shapoorji Pallonji, Forbes & Co. is the parent company that helms Forbes Engineering, Forbes Real Estate, Shapoorji Pallonji Forbes Shipping, Forbes Technosys and Eureka Forbes. With diversified interests in Precision Tools manufacturing, Marking & Coding Solutions and Automation, Realty, Shipping, Water and Air Purification Solutions and Money Transfer Solutions, Forbes and its subsidiaries are pioneers in their respective segments.

Forbes Technosys is a pioneer in providing financial money transfer services and is a leading manufacturer of queuing, ticketing and banking self-service automation solutions like ATMs, passbook printing machines and currency counting machines.

How To Choose Between Ready-To-Move-In Flats vs. Under-Construction Flats

Owning a home and finding the right choice is an important life step for any individual. It is important for homebuyers to be cautious about this crucial financial decision. There are plenty of 

Real estate options to choose from with the most common ones being flats in residential projects that are currently under construction or flats that are ready to move into within already built projects. Both of these options serve different purposes for homebuyers which means that we must look at all the pros and cons of both options to make an informed decision.

Pros of Properties That Are Ready To Move In 

• With these projects, you will have a better understanding of what your home will finally look like because they are either already complete to live in or just require some furnishing. You can inspect the home thoroughly before you buy it and get a prior understanding of the facilities of the flat.

• If you find a ready-to-move-in home that matches your budget, there is little to no financial risk involved once you make the payment. The only additional payments required will be the EMIs of your home loan while you can also challenge tax exemption on your home loan.

• The most notable benefit of this type of property is that you can instantly begin living in your new home without the need for any waiting period.

• These flats can also be bought as immediate investments where you can find tenants to receive regular rental income which can then be utilized to make your EMI payments.

Cons of Properties That Are Ready To Move In 

• Although you can see the final result in these homes, it is not possible to inspect the quality of the construction and strength of materials used to build the homes.

• A majority of ready-to-move-in properties are also those that have been constructed in the past which means it may not be a brand new home. It included properties that have been used by prior tenants.

• Another drawback of these homes is that they can be of a higher cost than under-construction properties with a cost difference of 20-30%. However, for major cities like Mumbai, there are affordable options in suburbs like the high-quality yet reasonably priced ready-to-move-in flats of Joyville Virar. This Shapoorji Pallonji project offers 1 BHK and 2 BHK homes in Virar West starting at ₹38.25 lakh and ₹51.25 lakh respectively along with a variety of top-class amenities.

Pros of Properties That Are Under Construction 

• These properties are likely to cost less than ready-to-move-in flats which increases the options of homes within the buyer’s budget.

• Once the construction is completed, the cost of this same property will increase which makes it a good return on investment for the existing owners. The best returns also depend on factors such as location, upcoming infrastructure, and employment hubs.

• Buying these homes also includes more flexibility of payment since the buyer doesn’t have to make the entire lump sum payment in one go.

• Under-construction flats also tend to come with additional features and discounts to attract more buyers. Also, with RERA in place, developers must deliver the promised details to homeowners.

Cons of Properties That Are Under Construction

• The major issue related to these projects is that they are subject to delay due to various reasons. When this happens, the buyer may have to bear the consequences of the builder’s increasing the cost of construction. In many cases, the project can be delayed for over 3-5 years.

• Having a reliable builder is very important when buying under-construction homes. False promises and unrealistic sample flats will become a liability for the homebuyer in the future. However, the likelihood of this major con has been reduced after implementation of RERA which ensures that the builder has to deliver what he has promised during the agreement.

 

With all of these pros and cons in mind, homebuyers can choose the right options that fit their needs, budget, and risk ability.