January 2014 \ Interviews \ Empire Feature
“Real estate investment in India is safe for NRIs”

Interview with DR Anil Sharma, CMD, Amrapali Group and President, CREDAI—NCR

  • Dr Anil Sharma

Dr. Anil Sharma, CMD, Amrapali Group and President of CREDAI-NCR (an apex body of Real Estate Developers of India), hails from Patna, Bihar. With over 2 decades of experience in Strategic Planning, Budgeting, Project Management, Construction Management and an excellence in executing large-scale projects, he has grown Amrapali Group into a home brand with more than 50 projects in 24 cities across India. He received a B-Tech degree with distinction from NIT, Calicut and then an M-Tech in structural engineering from IIT, Kharagpur. He followed up his engineering degrees with an LLB and MBA from Patna. Thereafter he started and nourished a technocrat’s career by joining the Government and semi-Government services as Class-I officer.
In 2001, he left his job to accomplish his childhood passion to build tallest buildings and fulfill his dreams. Today the Amrapali Group is the destination to one of the largest home producers in Noida and Greater Noida. Apart from Delhi-NCR, the group has a strong presence in cities such as Bhilai, Lucknow, Bareilly, Vrindavan, Muzaffarpur, Purnia, Gaya, Jaipur, Jodhpur, Udaipur, Raipur, Kochi and Indore, consisting of residential condominiums, commercial plaza, hospitality, multiplexes and residential townships. Amrapali Group has become one of the leading names in quality housing, commercial spaces and township development. On the way to creating milestones, Amrapali Group has entered into many segments like FMCG, Hospital, Education, Hospitality and Entertainment. Dr. Sharma who is a Guest speaker at IIM Ahmedabad and SIBM Pune has been an expert member in Indian delegations to China, Taiwan, Dubai, Spain, UK and Mauritius. He has bagged over 140 national and international honours / awards. His consecutive row of success speaks about his dedication towards his professional commitments. Besides that he is actively associated with many social organizations and works selflessly for upliftment of needy and poor people of the country. He took over a school for girl education in rural areas of Bihar where Amrapali Group imparts value and quality education to more than 1,000 poor children. Being President, CREDAI-NCR, providing buyers and developers with friendly environment is his foremost priority. With a vision to create transparency, he is listing out his priorities such as focus on consumer awareness and consumer redressal. Not only this, affordability is also a quite noticeable concern for developers who fall under CREDAI-NCR. Through collective and undeterred efforts, he has a broad vision to provide homes to all by joining hands with the Government. He is leaving no stone unturned in this regard. It is all about his vision, which escalates Amrapali Group to one of the largest home producers in NCR region. Proud to have M.S. Dhoni as their brand ambassador, the group goes the extra mile to ensure timely completion and delivery of projects. He speaks to Consulting Editor Yogesh Sood

Please talk us through innovative technology being adopted by builders…
Some developers in Delhi-NCR have adopted Form Technology. It is a revolutionary innovation in construction. It allows for speedy, accurate and highly consistent casting of all internal and external walls, columns, beams, floor slabs, stairs and other parts of a concrete building.
As a Group, we also have a vision to bring in pre-cast technology and advancement in our architectural and building development so that we can reduce the cost of our projects to provide affordable home along with luxurious facilities. Moreover, the possession time of dwelling units will also be reduced.

What about your own precast factory at Greater Noida?
The factory is spread across 25 acres of land and is going to have the largest production capacity in India amongst the precast factories existing till date. The factory is getting operational this month (January 2014). This technology consists of custom–designed precast concrete components like roof slabs, beams, columns, wall panels which offer flexibility in shape and size with a variety of surface finishes and colors. This technology promises us a world of creative possibilities in application and design. The technology / system is very versatile and is equally efficient/ suitable for all types of construction may it be high-rise, low-rise villas, commercial, and parking lots.

Please tell us about the rupee’s sharp dip against the US dollar in the year 2013. Did it tempt NRIs to buy property in India?
The dip has been a major concern for both Government and the people of this country over the last few months. Depreciation in rupee usually leads NRIs into investing in their country. It is their motherland, it is a safe zone investment and they get more value out of the purchase when paying in foreign currency. They do invest in buying homes.