Latest news with #BhatiaGroup
Mint
28-05-2025
- Business
- Mint
Raj Bhatia: Don't shy away from hiring your own child
Advisors who are thinking about succession planning should consider hiring their children, particularly if their offspring is genuinely interested, has ample work experience, and can bring expertise to the firm, says Raj Bhatia who has been with Merrill Lynch since 1981. Today, the private wealth advisor at the $2.5 billion Bhatia Group, which is part of Merrill Private Wealth Management, works alongside his daughter, Ariana. 'My daughter grew up in a household where the dinner conversations were all around things like clients and markets and so forth," Bhatia says on the latest The Way Forward podcast. 'And fortunately for me, she decided to go into business and finance with her education and career as opposed to following her mother's footsteps in becoming a doctor." After a few years working in private equity, Ariana concluded that it wasn't an ideal fit. 'She said to me, 'I've done that and I recognize that you go from one transaction to the other [in private equity], but Dad, I have seen you build relationships where your first client is still your client. That's what I want to do with the rest of my career.' So, the time was right and the firm helped me to bring her over. That's how she joined me last year and I'm glad that I got her in." Below are highlights from our conversation, which have been edited for clarity. His advice for advisors considering hiring a family member. 'When I get calls from other advisors in a similar situation, the thing I say to them is that there is a big difference between retirement planning and succession planning. In retirement planning, you're planning for one person. In succession planning, you're planning for many people and start the process 10 years ahead of time if you wish to leave a legacy." Minimize regrets. 'Most people optimize income and returns. I say minimize regrets. When I said this to her [Ariana], it was obvious that [this was better] than her coming back in 10 years saying, 'Dad, why didn't you ask me to join your business? If your adult son or daughter says, 'Dad, Mom, thanks but no thanks,' then you have read them their Miranda rights! It's up to them. Then they can't say 'I have a regret because you did not encourage me.' It can work out. When it works out, it works out very well." The pros far outweigh the cons. 'The upside in these moves can be huge. And the downside, I think, is limited in the sense that it's nothing irreversible should things not work out. The thing that I would suggest to people is to give it a fair amount of runway. In other words, I'd say a minimum of three to five years of runway where you're spending the time to mentor. That will produce better outcomes and results." Navigating the personal and the professional. 'Treat them as equals. Because if they're joining your business and you're still treating them based on how you see them as your offspring—as they say, 'they're born of us, but they're not us'—you have to acknowledge that and be ready to have a mechanism, a structure in place where the best argument wins or the best suggestion wins, as opposed to, 'Mom said this, Dad said this, and this is my way.'"
ME Construction
21-05-2025
- Business
- ME Construction
Bhatia General Contracting to deliver 1,050 villas in Al Khawaneej 2 district project
Construction Bhatia General Contracting to deliver 1,050 villas in Al Khawaneej 2 district project By The project is now in its final phase and plays an important role in the 'Dubai 2033 Plan' Bhatia General Contracting is set to deliver 1,050 villas in Al Khawaneej 2 district in May 2025. This project is part of a larger government initiative aimed at providing high-quality, modern housing for Emirati families and fostering sustainable urban development in Dubai. Bhatia Group's commitment to offering a diverse range of housing options is said to align with its 50-year legacy of enhancing the UAE's real estate landscape. The project, which is now in its final phase, plays an important role in the 'Dubai 2033 Plan', a strategic initiative aimed at solidifying Dubai's reputation as one of the world's most livable urban centres. This milestone marks an achievement, as the total value of projects executed since 2024 has surpassed US $681mn. Moreover, the project is an integral part of the historic $18bn housing budget approved by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. This budget, spanning from 2024 to 2040, reflects the leadership's commitment to providing high-quality housing solutions to Emirati citizens, said a statement. Ajay Bhatia, Chairman of Bhatia General Contracting and Founder of SOL Properties said, 'This landmark housing development stands as a testament to our visionary leadership's dedication to enriching citizens' lives and nurturing their dreams. Aligning with this vision, and as we celebrate our 50th anniversary at Bhatia Group, we continue to strive to create welcoming spaces which can enrich the lives of residents and foster a sense of belonging. In this regard, the 1,050 villas complex stands out as an epitome of thoughtful, sustainable urban living, designed to serve both present and future generations.' Bhatia Group has delivered several pivotal community developments, the company has demonstrated its ability to execute projects that are vital to the nation's infrastructure and community well-being. The projects include the Dubai Government's Ambulance complex, the Dubai Central Laboratory, Hatta Border Port Crossing complex connecting the UAE and Oman, and Dubai Waterfront Market. Located in Al Khawaneej 2, the master-planned community showcases the group's commitment to design and high quality construction. It boasts an array of essential amenities, including open green spaces, pedestrian and cycling paths, a nursery, a community park, and other public facilities. The community also promotes neighborhood connectivity, reducing the reliance on vehicles, in line with Dubai's vision for sustainable urban living. Additionally, the complex incorporates several integrated features, such as landscaped roads, service centers, digitally enabled allocation, and financial service systems. Bhatia General Contracting has completed over 250 projects, spanning both small-scale developments and large-scale government initiatives in the Middle East and the United Arab Emirates. The company maintains its commitment to advancing civil construction standards by executing landmark projects that have the potential to positively influence the lives of future generations.
Mid East Info
20-05-2025
- Business
- Mid East Info
Bhatia General Contracting to Hand Over 1050 Villas for Al Khawaneej 2 in May 2025 - Middle East Business News and Information
The hand over of villas coincide with Bhatia Group's 50th anniversary of excellence and commitment to enhancing UAE's real estate landscape. The company has completed over 250 small and large-scale projects, ranging from small-site developments to multi-million government projects. Dubai, May, 2025: Bhatia General Contracting, a leading contractor in the UAE, will hand over 1,050 exquisite villas in Al Khawaneej 2 district in May 2025, as part of a major government initiative to provide high-quality, modern housing for Emirati families and support sustainable urban development in Dubai. The project exemplifies Bhatia Group's dedication to providing a variety of best-in-class housing options, in line with its 50-years of excellence and commitment to enhancing UAE's real estate landscape. The project, which is now in its final phase, plays a crucial role in the 'Dubai 2033 Plan', a strategic initiative aimed at reinforcing Dubai's reputation as one of the world's most liveable urban centres. With this milestone, the total value of the projects executed since 2024 has reached AED 2.5 billion. Furthermore, the project is part of the historic AED 65 billion housing budget approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The budget, extending until 2040, reflects the wise leadership's commitment to providing high-quality housing solutions to Emirati citizens. Ajay Bhatia, Chairman of Bhatia General Contracting and Founder of SOL Properties said: 'This landmark housing development stands as a testament to our visionary leadership's dedication to enriching citizens' lives and nurturing their dreams. Aligning with this vision, and as we celebrate our 50th anniversary at Bhatia Group, we continue to strive to create welcoming spaces which can enrich the lives of residents and foster a sense of belonging. In this regard, the 1050 Villas Complex stands out as an epitome of thoughtful, sustainable urban living, designed to serve both present and future generations.' The project demonstrates Bhatia Group's decades of excellence and craftsmanship, which have made the company a trusted name in the UAE's construction sector. With a legacy of delivering several key community developments such as the Dubai Government's Ambulance complex, the Dubai Central Laboratory, the high-tech Hatta Border Port Crossing complex linking the UAE and Oman, and the iconic Dubai Waterfront Market—Bhatia Group has consistently demonstrated its ability to execute projects that are vital to the nation's infrastructure and community wellbeing. It is this proven track record that earned Bhatia General Contracting the opportunity to deliver a prestigious project. Located in Al Khawaneej 2, the master-planned community exemplifies the Group's continued dedication to thoughtful design and quality construction. The master-planned community features an array of essential amenities such as open green spaces, pedestrian and cycling paths, a nursery, community park, and other essential public facilities. It also offers seamless neighbourhood connectivity to reduce the use of vehicles, in line with Dubai's vision to promote sustainable urban living. Moreover, the complex has several integrated features such as landscaped roads, service centres and digitally enabled allocation as well as financial service systems. Bhatia General Contracting has completed over 250 small and large-scale projects, ranging from small-site developments to multi-million government projects in the Middle East and the UAE. The company remains committed to advancing civil construction standards by delivering landmark projects that can positively impact the lives of future generations.
Zawya
19-05-2025
- Business
- Zawya
Bhatia General Contracting to hand over 1050 Villas for Al Khawaneej 2 in May 2025
The hand over of villas coincide with Bhatia Group's 50th anniversary of excellence and commitment to enhancing UAE's real estate landscape. The company has completed over 250 small and large-scale projects, ranging from small-site developments to multi-million government projects. Dubai: Bhatia General Contracting, a leading contractor in the UAE, will hand over 1,050 exquisite villas in Al Khawaneej 2 district in May 2025, as part of a major government initiative to provide high-quality, modern housing for Emirati families and support sustainable urban development in Dubai. The project exemplifies Bhatia Group's dedication to providing a variety of best-in-class housing options, in line with its 50-years of excellence and commitment to enhancing UAE's real estate landscape. The project, which is now in its final phase, plays a crucial role in the 'Dubai 2033 Plan', a strategic initiative aimed at reinforcing Dubai's reputation as one of the world's most liveable urban centres. With this milestone, the total value of the projects executed since 2024 has reached AED 2.5 billion. Furthermore, the project is part of the historic AED 65 billion housing budget approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The budget, extending until 2040, reflects the wise leadership's commitment to providing high-quality housing solutions to Emirati citizens. Ajay Bhatia, Chairman of Bhatia General Contracting and Founder of SOL Properties said: 'This landmark housing development stands as a testament to our visionary leadership's dedication to enriching citizens' lives and nurturing their dreams. Aligning with this vision, and as we celebrate our 50th anniversary at Bhatia Group, we continue to strive to create welcoming spaces which can enrich the lives of residents and foster a sense of belonging. In this regard, the 1050 Villas Complex stands out as an epitome of thoughtful, sustainable urban living, designed to serve both present and future generations.' The project demonstrates Bhatia Group's decades of excellence and craftsmanship, which have made the company a trusted name in the UAE's construction sector. With a legacy of delivering several key community developments such as the Dubai Government's Ambulance complex, the Dubai Central Laboratory, the high-tech Hatta Border Port Crossing complex linking the UAE and Oman, and the iconic Dubai Waterfront Market—Bhatia Group has consistently demonstrated its ability to execute projects that are vital to the nation's infrastructure and community wellbeing. It is this proven track record that earned Bhatia General Contracting the opportunity to deliver a prestigious project. Located in Al Khawaneej 2, the master-planned community exemplifies the Group's continued dedication to thoughtful design and quality construction. The master-planned community features an array of essential amenities such as open green spaces, pedestrian and cycling paths, a nursery, community park, and other essential public facilities. It also offers seamless neighbourhood connectivity to reduce the use of vehicles, in line with Dubai's vision to promote sustainable urban living. Moreover, the complex has several integrated features such as landscaped roads, service centres and digitally enabled allocation as well as financial service systems. Bhatia General Contracting has completed over 250 small and large-scale projects, ranging from small-site developments to multi-million government projects in the Middle East and the UAE. The company remains committed to advancing civil construction standards by delivering landmark projects that can positively impact the lives of future generations. About Bhatia Group Established in 1975, Bhatia General Contracting is a pioneering contractor in the UAE. With a robust presence in both public and private sectors, the company has a portfolio of over 250 projects that includes residential and commercial buildings, industrial developments, and villas. Over the years, the company has set a distinguished identity for its commitment towards delivering quality construction across projects of diverse sizes. Attributing to its 50 years of experience, the company has been able to successfully develop an enduring relationship with clients, architects and partners that is defined by mutual trust and respect. The company's steadfast commitment to excellence, safety and integrity is another key factor in its success. Bhatia General Contracting adheres to Corporate Social Responsibility (CSR) and environmental stewardship to position itself as one of the most trusted partners in the UAE's continuous developmental journey.
Web Release
19-05-2025
- Business
- Web Release
Bhatia General Contracting to Hand Over 1050 Villas for Al Khawaneej 2 in May 2025
Bhatia General Contracting, a leading contractor in the UAE, will hand over 1,050 exquisite villas in Al Khawaneej 2 district in May 2025, as part of a major government initiative to provide high-quality, modern housing for Emirati families and support sustainable urban development in Dubai. The project exemplifies Bhatia Group's dedication to providing a variety of best-in-class housing options, in line with its 50-years of excellence and commitment to enhancing UAE's real estate landscape. The project, which is now in its final phase, plays a crucial role in the 'Dubai 2033 Plan', a strategic initiative aimed at reinforcing Dubai's reputation as one of the world's most liveable urban centres. With this milestone, the total value of the projects executed since 2024 has reached AED 2.5 billion. Furthermore, the project is part of the historic AED 65 billion housing budget approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The budget, extending until 2040, reflects the wise leadership's commitment to providing high-quality housing solutions to Emirati citizens. Ajay Bhatia, Chairman of Bhatia General Contracting and Founder of SOL Properties said: 'This landmark housing development stands as a testament to our visionary leadership's dedication to enriching citizens' lives and nurturing their dreams. Aligning with this vision, and as we celebrate our 50th anniversary at Bhatia Group, we continue to strive to create welcoming spaces which can enrich the lives of residents and foster a sense of belonging. In this regard, the 1050 Villas Complex stands out as an epitome of thoughtful, sustainable urban living, designed to serve both present and future generations.' The project demonstrates Bhatia Group's decades of excellence and craftsmanship, which have made the company a trusted name in the UAE's construction sector. With a legacy of delivering several key community developments such as the Dubai Government's Ambulance complex, the Dubai Central Laboratory, the high-tech Hatta Border Port Crossing complex linking the UAE and Oman, and the iconic Dubai Waterfront Market—Bhatia Group has consistently demonstrated its ability to execute projects that are vital to the nation's infrastructure and community wellbeing. It is this proven track record that earned Bhatia General Contracting the opportunity to deliver a prestigious project. Located in Al Khawaneej 2, the master-planned community exemplifies the Group's continued dedication to thoughtful design and quality construction. The master-planned community features an array of essential amenities such as open green spaces, pedestrian and cycling paths, a nursery, community park, and other essential public facilities. It also offers seamless neighbourhood connectivity to reduce the use of vehicles, in line with Dubai's vision to promote sustainable urban living. Moreover, the complex has several integrated features such as landscaped roads, service centres and digitally enabled allocation as well as financial service systems. Bhatia General Contracting has completed over 250 small and large-scale projects, ranging from small-site developments to multi-million government projects in the Middle East and the UAE. The company remains committed to advancing civil construction standards by delivering landmark projects that can positively impact the lives of future generations.
