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JANUARY 2020

SIGHT BS

INSIDE THE BUSINESS WORLD

10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

Real Estate Investing During

A Downturn

Growth Of

Home Automation

Industry In India

How IOT

Is Changing

Real Estate Industry?

Ramani Sastri Managing Director

STERLING DEVELOPERS

Over Three Decades Of Creating Fine Living Spaces


Managing Editor

Eva Smith

Executive Editor

Tony Rubin

Assistant Editors Contributing Editors Visualiser

Travis Smith Jim Peck Tim Marks

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Co-Designer

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Art & Picture Editors

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Senior Sales Manager

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Business Development Manager Marketing Manager Business Development Executive

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Paul Mako Oliver Tan Nathan Pelton

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Database Management

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Technology Consultant

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Sterling Developers

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Ramani Sastri Managing Director

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A�i��e� Growth Of Home Automation Industry In India

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Real Estate Investing During A Downturn

How Iot Is Changing Real Estate Industry

Surendra Hiranandani

18 Sreyansh Mehta

Chairman & Managing Director

Founder

Hyliv Coliving

House Of Hiranandani

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16

20

24 Ruturaj Chudasama

Satish Gottipati

Managing Director

Managing Director

Infinity Infra - Dholera

Preca Solutions India


Cover Story

Ramani Sastri Managing Director

6


STERLING DEVELOPERS

[

]

Over Three Decades Of Crafting Excellent Living Spaces

A

s one of the pioneers in the Bengaluru real estate market, Sterling Developers has been known for changing the landscape of the city since 1983. With a footprint of 27 projects in the city of Bangalore, for Sterling, what matters the most is the delight that their customers get when they are home. Creating such magniďŹ cent spaces takes skills, professional expertise and experience as it is no easy feat to make a house feel like a home. It isn’t just about building a house but more over keeping the promise of a home intact along with the right budget. All of this adds challenges, but Sterling Developers gets the job done as they had envisioned, honoring the promise of a home for every client. Over the three decades, Sterling has stood the test of time and gained valuable experience, set new benchmarks and delivered high quality products. This has gained Sterling Developers the much sought-after reputation of an eminent developer who constantly seeks excellence in the real estate industry.


Sterling Developers

was founded by Ramani Sastri – Chairman & Managing Director, who leads the team from the front. With over 35 years of experience in the construction business, he brings astute direction and management to the table. His far-sightedness combined with the diligence of Shankar Sastri – Joint Managing Director, has shaped the company’s reputation for excellence in creating value for their customers. As the founder and past president of the Confederation of Real Estate Developers Association of India (CREDAI) and past president of Karnataka Ownership Apartments Promoters Association (KOAPA), Ramani Sastri is the torchbearer of the best practices and high standards across the industry among leading builders in Bangalore. Under the leadership of Mr. Ramani & Mr. Shankar, Sterling Developers has built some of the finest properties in Bengaluru including premium apartments, exquisite villas and commercial complexes. Sterling Developers' mission is to build homes that compromise on nothing. Their vision for the future encompasses property development of global standards that deliver superior value and returns to customers and stakeholders. Built on core values and competencies, Sterling Developers’ mission is to, commit to and ensure quality across the gamut of development, empower people and leverage associations to grow a business, and enrich work, life and leisure experiences while ensuring greater results. Their goal is to ensure that they always deliver top-notch quality housing at the right location as well as at a reasonable price. Their goal is to also work towards making the company one of the most respected business houses in the field of real estate and education and be known for their commitment and quality. Sterling credits Word of Mouth publicity for their success as satisfied residents are the best spokespersons. ‘There is no greater testament to this, than the fact that 80% of our apartments and luxury villas are

sold by word of mouth recommendation,’ they say. Over the years, Sterling has earned the reputation of a company that strives to continuously evolve and build the best homes for their clients as well as provide excellent customer service to ensure every need of the customer is met. Their commitment to building quality apartments and villas has resulted in 95% of the customers choosing to live in rather than rent out their homes. Sterling Developers has a large loyal customer base as their ability to deliver projects in a timely manner without any compromise on quality has resulted in long-lasting, valuable relationships with the customers. Sterling Developers began as a company in the mid-income housing segment and evolved over a period of time into a company that builds and executes aspirational products at the upper-middle and the top end of the real estate segment. Currently, they are focused on commencing the third phase of construction of Sterling Villa Grande, their luxury villa project, where they have already delivered 150+ villas. They are also focusing their efforts toward the development of the second phase of their project, Sterling Ascentia, located on Marathhalli Sarjapur ORR, Bangalore, which is home to 392, 3BHK apartments. The biggest strength of the company is the values that the company has been founded on. Sterling Developers aspires to deliver an appreciating product that the customers value and are proud to own. With the mantra


of right price, right location and right size, the company is paving its way through the thick competition. With every project, Sterling Developers has pushed the boundaries with respect to building innovation. One of their most recent projects that perfectly depicts this mindset is Sterling Villa Grande. They had a vision of building a community with state-of-the-art facilities that would help the families living there make the most of the dynamic community. This journey over three decades has followed the path of hard work and honesty.

“Through my career, if there is one thing that I have learnt it is that hard work and honesty will never let you down and will always repay you in the long run,” says Ramani Sastri - Managing Director.

“There are always many hurdles that one has to overcome in order to get to their desired position but being true to your work and giving it your all will get you to the summit.” he further adds.

Real Estate is a very dynamic industry and with the changing market conditions, there are many rules and regulations that are constantly changed or proposed. Shedding light on the industry, Ramani Sastri says,

“Real Estate is probably the only industry in India, which is governed by both state and central laws which keep changing. This has presented a constant challenge for the industry and for the company”. Despite these challenges, Sterling Developers has always focused on paying close attention to their customers’ needs and incorporating it into their designs in order to build homes that help address those needs.

Looking towards the future, Sterling Developers is now moving away from building purely residential projects to building commercial and retail projects. This is indeed a new territory for them, but they believe that broadening their horizon is imperative in the long run.


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10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

COMPANY NAME

MANAGEMENT

DESCRIPTION

Sterling Developers, sterlingdevelopers.com

Ramani Sastri Managing Director

"As one of the pioneers in the Bengaluru real estate market, Sterling DEvelopers have been known for changing the landscape of the city since 1983. "

House of Hiranandani, Surendra Hiranandani houseofhiranandani.com Chairman &Director

HyLiv Coliving Ltd, hyliv.com

Ideal, ideal.in

Sreyansh Mehta Founder

House of Hiranandani is a pioneer in developing integrated communities that have become landmarks in India. HyLiv is the newfangled definition of room sharing that comes with the touch of luxury. They give finest accommodation options in the metropolitan cities of today that meet the millennia’s needs. IDEAL Group has been building dream homes for thou-

Udayan Mookerjee sands of happy families and gained the trust of its loyal Chief Executive Officer customers by offering them high quality, comfortable homes .

Shivam Sinha Founder & CEO

Indiassetz began its operations in 2014 as the single most professionally run Real Estate Advisory and Portfolio Management firm.

Ruturaj Chudasama Managing Director

Infinity Infra Group ISO 9001:2015 Certified, are pioneer in the field of real estate development, Township development, Residential apartments and commercial complex.

Chetna Srivastava Director

A Leading name in Real Estate Industry is an Lucknow based company with expertise in design & development of residential & commercial property.

Preca Solutions India Pvt. Ltd, preca.in

Satish Gottipati Managing Director

Preca Solutions have introduced Precast Prestressed Concrete Construction, a European technology in India. They believe in living forward.

Spenta Corporation, spentacorporation.com

Dushyant Vijayvargiya Managing Director

Spenta Corporation is one of the most distinguished & admired real estate builders & developers in Mumbai devoted to building the very best in modern, beautiful homes.

2getherments, 2getherments.com

Tipparaju Rao

2getherments believe in identifying, engaging deeply with and simplifying the complexities of projects.

Indiassetz, indiassetz.com

Infinity Infra- Dholera, dholerasmartcity.net Oc Infraventures & Construction Pvt Ltd, ocinfraventures.com

Managing Director


“

Neighborhoods Separated By Space, Unified By Soul

M

r. Surendra Hiranandani, Chairman and Managing Director of House of Hiranandani has the unparalleled distinction of transforming barren land into some of India’s most vibrant living spaces. He has always envisioned change in the real estate landscape of India. However, what makes him stand out are his core values towards changing the face of real estate and bringing to life the dream of creating holistic living spaces. Mr. Hiranandani has the unique gift of blending aesthetic beauty with practicality and sustenance that reflects across their integrated communities in Bangalore and Chennai. Owing to his architectural acumen, the developments are now the preferred choice of discerning customers who are increasingly opting for well- planned luxurious living. Today, under his leadership House of Hiranandani has carved a niche for itself and is synonymous with innovation, quality construction, transparency, superior design and adherence to delivery schedules. Some of his revolutionary achievements range from the introduction of copper plumbing in India to the use of fly ash in concrete. His initiatives in Horticulture and conserving the environment have consistently improved the quality of life of the residents. He is a pioneer in introducing indigenous species of trees and shrubs into the fabric of urban communities. The American Concrete Institute honored him for his excellence and contribution to the field, particularly for adapting the best in foreign technology to the skills of India's engineering and labor artistry. The Indian Plumbing Association conferred upon him a fellowship in recognition of his contributions to the plumbing industry. He is also an eminent member of the Royal Institution of Chartered Surveyors.

Surendra Hiranandani Chairman & Managing Director

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houseofhiranandani.com

Mr. Hiranandani is also associated with various charitable trusts across the country. He is the President of the Unaided Schools Forum and is the Managing Trustee of House of Hiranandani Foundation which

| January 2020 |


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10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

runs two of Mumbai's best schools at Powai and Thane. His keen interest in improving the quality of healthcare is supported by the fact that he is the Managing Trustee of Dr. L.H. Hiranandani Hospital, a multi-specialty hospital at Powai. All the projects are a perfect combination of excellent location, thoughtful planning, and world-class amenities. Their buildings are a tasteful mix of vivid imagination, quality workmanship and flawless execution with attention to the most meticulous details. Quality has been a real USP. Their developments with Greco Roman architecture have resulted in changing the skyline of Bengaluru and Chennai. When one walks into their integrated townships in Chennai or Bengaluru, one experiences a distinctive sense of space and grandeur. They try to integrate themselves and add value to the whole city, the neighborhood and the community around with their developments. Their goal is to build an ecosystem that promotes the development of integrated communities. Their biggest strength remains in the integrity with which they work and the quality of the product they create for the customers. Due to these reasons, they have successfully created a pool of loyal customer base. The customers have been their motivational force to deliver better in every new project that they undertake. With over four decades of experience in engineering and architecture, they have ensured that every House of Hiranandani development is a class above the rest. The company recently announced the Calgary Tower with ready-to-move-in apartments in the Devanahalli Township, an upcoming luxurious neighborhood in North Bengaluru, located in close proximity to the aerospace and Kempegowda International Airport. The project offers spacious 2, 2.5 and 3 BHK homes with a plethora of healthy and community amenities. They also recently launched Evita at Bannerghatta Road, an 18-storied masterpiece which provides a holistic living experience with 2 BHK, 2.5 BHK and 3BHK apartments. Their Torino tower in the same project comprising 1 BHK apartments was also announced lately. The lifestyle project spread across 33 acres is strategically located only 12 kms away from the central business district and offers priceless views of the HulimavuLake.

Clubhouse at township in House of Hiranandani Devanahalli

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In Chennai, the company has changed the skylines of the Old Mahabalipuram Road by developing stunning towers overlooking the Bay of Bengal. The project complete with lifestyle amenities is spread across 120 acres of land. It is yet another architectural wonder strategically located with close proximity to essential physical and social infrastructure in the city.


“Our belief to create and deliver landmark and quality products with distinct features and environmental integration has helped us to achieve the success that we have today. Besides this, we have always strived to remain at par with customer expectations. Understanding customer needs and requirements and then accordingly delivering the required product has played an important role in gaining the trust and loyalty of our customers and thus helped us to grow in our journey,” says Mr. Hiranandani.

House of Hiranandani Township at Bannerghatta

A gated township by House of Hiranandani in Devanahalli

“The founding principle of our brand is ‘trust’ which is always translated into action through its delivery and high standards. At House of Hiranandani, we treat everyone with honesty, integrity, dignity, value their contributions and help one another succeed and create win-win situations for all. Due diligence, effective administration and transparency have been the key drivers of our success, since inception. Our commitment to this principle has helped us sustain public trust and con�idence,” he adds further.

All the plans are strategically designed as per customer demand. This coupled with their focus on developing integrated and planned townships with aesthetically designed towers, lifestyle amenities while being sensitive to the environment make them unique. In the coming years, they plan to get more tech-savvy by converging with the digital world, including the latest technologies in the projects. With customer-centricity in mind, the product created is such that matches the buyer’s expectations and provides comforts and experiences without compromising on the value of the product.

Gated community developed by House of Hiranandani at Egattur in Chennai

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CXO

Growth of HOME AUTOMATION Industry in India Indian home automation market is expected to grow at a CAGR of

25 - 30% during the period of FY 2019 - 2030. Home automation market was valued at USD 1790.9 Million in 2018 and if it’s continue with the same pace it will be between 18 - 19 million USD by 2030. Somewhere I feel that one of the main factors behind this growth trend is the improvement in awareness about safety, security and energy savings in urban as well as rural areas of India. As we (arsonic) are one of the home automation solutions providers in India, we had witnessed the excitement and curiosity in rural people about the new technologies and the features. One side where developers had started implementing the smart home or digital home concept in metro cities like Mumbai/Delhi/Bangalore/Hyderabad etc. on the other hand people living in tier II and tier III cities are equally excited about the advantages of implementation of home automation system. Apart from energy saving, safety and security, people are also fascinated by the advance features of home automation solutions like control your home by mobile app or voice command from anywhere and everywhere or play with the lights as per your mood or requirements or schedule the HVAC or Lighting or Water heaters as per the need of family members or set alarms for the emergencies like gas leakage or water overflow and many more. Integration with glass touch switches has increased the elegancy of the interior and it has given a tool to interior designers to improve the beatifications of the wall or room. Integration of digital door locks with video door phone improves the security of the home as well as provides the ease to operate the doors from anywhere. A panic button is handy on unwanted or unexpected incidents like theft, fire or medical emergencies.

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CXO Easily availability of Internet is also one of the major factors behind the growth of home automation industry in India as plenty of Indian manufactures have launched wi-fi based retrofit home automation solutions which are not only easy to install but also quite user friendly solutions. One side where no special or additional wiring is required to install these home automation solutions, on the other side a normal technician / electrician can easily install the home automation solutions in few minutes. Post sales service and on site assistance had improved the reach and also helped to create awareness to tier II and tier III cities in India. Still home automation industry is in early stage and considering the huge potential in Indian market, undoubtly it’s have a bright future in coming decade.

Amod Yadav Founder & CEO

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10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

HYLIV COLIVING LTD SREYANSH MEHTA Founder

“He is happiest, be he king or peasant, who finds peace in his home”, said the famous writer

Johann Goethe. Finding a sense of comfort and security at home is one of the most satisfying feelings one can have.

With the rapid change in people’s lifestyle in the last decade, the concept of home is changing. Working professionals choose to travel for work, or settle down in cities far from their hometowns. The typical option for such professionals would be the choice to stay as paying guests. However, living in a PG means giving up on basic priorities like privacy, space, and that crucial essence of a home. HyLiv Coliving Ltd. is an initiative that is transforming how millennials choose to live. The organization emphasizes the importance of striking a balance in one’s lifestyle, and offers services that are customized to the needs of its customers. It offers a newfound urban definition of living, adding luxury to the conventional PG setups.

PRIME LOCATIONS HyLiv is based in Chennai, a metropolitan city that has seen an influx of professionals who require living spaces under a budget. Understanding this need, HyLiv offers budget friendly, yet luxury spaces in key zones in Chennai: from the city’s center, to prime locations. These include Padur, Thoraipakkam, Pallavaram, Saligramam and other key areas that offer comfort and eco-friendly environments to more than 700 people, expected to grow in the coming months.

A MODEL OF LIVING The company has been winning the trust of its clients due to the excellent quality of services provided. It is not only transforming the quality of life, but also making clients feel a sense of “home away from home”. Luxury spaces are offered keeping in mind the millennial’s budget and requirements.

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hyliv.com


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10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

“Go Living ! Explore Co Living” Built-in service options are included in the private or shared spaces. A community set-up is also offered, giving the people a sense of community, that is crucial to develop a strong support system. HyLiv knows its user base well, and understanding its needs, it has also developed a digital application that has simplified the check-in and check-out process, making the experience hassle-free. The overall experience offered by HyLiv includes living in an environment with a like-minded community, emphasized safety, luxury living in fully furnished rooms, easy rent payments through the app, and prime locations offering a safe space along with a variety of recreational options. It offers user-friendliness, both in the spatial and digital aspects. With this, HyLiv ensures it caters to the 3C’s of Co-living: comfort, convenience and community.

NEW-AGE LEADERSHIP Sreyansh Mehta, the CEO of HyLiv Coliving Ltd, has had an illustrious career in the real-estate sector. He has a keen understanding of the emerging needs of the people. His enthusiasm and youthful spirit has allowed him to analyze the evolution of dwelling needs and offer tailor-made solutions for the generation. He has a futuristic vision, and through HyLiv he hopes to achieve it. Sreyansh’s focus has allowed HyLiv to develop a single minded objective: to be the one solution to every millennial’s housing need. The company has adopted the Built-To-Suit housing model, offering privacy, comfort, and quality, at low prices and in personalized environments. This balance between luxury and affordability has been the reason for HyLiv’s success. Sreyansh believes that being a millennial himself has enabled him to cater to the needs of his clients perfectly. His constant focus is on evolution and transformation, while ensuring sustainability. A major difficulty he had to face was creating the sense of “home away from home” among the occupants, and developing an emotional connect to a rental accommodation. Prioritizing the multiple needs of the new generation and creating a single solution has been the phenomenal task, and it is his vision and effort that has led him and his company, achieve the “comfort of a home at the cost of a PG”. Despite the obstacles faced while building HyLiv communities, with the creativity of Sreyansh and his team, the company continues to make progress.

ENVISIONING THE FUTURE HyLiv envisions a blend of tech-friendly and user-friendly platforms, along with catering to the newest preferences of its customers. There is also a great emphasis on the longevity of its objectives, and the company insists on offering the best services every single day. The company also intends to expand to other metropolitan cities such as Bangalore, Hyderabad and Kochi in the future. By striking a balance between engagement and privacy, HyLiv is emerging as one of the most trusted developers of the country.

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CXO

REAL ESTATE

INVESTING DURING A

DOWNTURN R

eal estate is one of the most preferred investment avenues for Indians, forming a sizeable part of their investment portfolios. However, the recent and ongoing economic slowdown has weighed down on buyer sentiments heavily, affecting real estate sales and investments. Investors are wary of making big-ticket investments in an uncertain market, with many adopting a wait-and-watch approach to real estate investment. However, despite the bleak outlook, the Indian real estate market still presents viable and attractive opportunities when investing for returns vs. investing for personal use. While current, near and medium-term scenarios do not appear to support speculation, long-term real estate investments hold potential to deliver favorable returns. Factoring in the cyclical nature of the real estate market, the current slump is expected to segue into an upturn, given the right impetus; a likely

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outcome given the real estate industry is a key contributor to overall economic growth and governmental interest and measures to revive and strengthen the real estate sector is evident through structural reforms and financial support and funding. Increasing instances of delays in completion of projects and insolvency of developers in recent times may have eroded consumer confidence. However, over-supply and large inventories also mean availability of readyto-occupy/completed properties in varying price ranges. In a bid to push sales and offload inventory, many developers tend to offer attractive incentives and price discounts serving to lower investment costs. In a buyer’s market, as in the current scenario, employing the assistance of marquee property advisors with the necessary market knowledge and professional negotiation skills is a proven way for investors to achieve favorable price points.


CXO Even as borrowers feel the pinch of higher LTV (Loan-to-value) ratios, and failing shadow-financing options, prevailing interest rates on home loans, having fallen to record lows, make financing real estate investments more affordable. Top lenders such as HDFC, SBI, ICICI Bank, Axis Bank, Syndicate Bank etc. all offer low-interest home loans with rates starting at 7.85%. Banks passing on the benefit of rate cuts by the RBI over the years to home buyers favors leveraging investments. Also, with interest rates now pegged to repo rates borrowers stand to benefit from future rate cuts on an immediate basis. Tier 2 and Tier 3 regions present opportunities for attractive returns on investments with property prices registering higher growth than in cities and metros. Infrastructural development, connectivity improvement and growing economic opportunities underlies the rising demand for residential properties in non-metro and micro-markets. There is also a clear push for supply of and demand for affordable housing in India, another growing segment that presents affordable investment opportunities and favorable returns potential, pegged by experts to be in the range of 8% – 10%. Non-conventional forms of residential property such a co-living spaces, service apartments etc. are also forecasted to yield returns in the range of 8%-11%. Not an oft considered option, commercial real estate is touted to be an attractive segment, especially for large-ticket investments. Improved rental yields make investment in this segment comparable and favorable to other popular investment avenues viz. equity and debt markets, both currently stressed in a slowing economy. A new and emerging option in the commercial real estate segment are REITs (Real Estate Investment Trusts). REITs, akin to mutual funds, provide investors the advantage of improved liquidity and easier management of real estate investments as well as being a viable alternative to investing in physical assets. The first listed REIT in India was

launched in March 2019 by the Blackstone-backed Embassy Group with a successful debut. Although, still very new, REITs have evinced interest from a number of leading developers in the real estate market and are expected to deliver attractive long-term returns. While investing in real estate for the long-term is advisable at the current juncture, locking in funds for a long-period of time in an illiquid option such as real estate should be done with due diligence and careful assessment of associated risks. This makes identifying the right property developers key to investing during a sectoral downturn. Investors should be wary of key factors such as developers’ reputation, track record on project completion, financial standing and funding plans. RERA registered properties have the advantage of transparency in dealings with developers who are liable for non-adherence to provisions under the Act. Investors should also be wary of the effects of an economic downturn on personal finances. The effect of slowing business growth and employment instability on personal incomes and cash inflows is imperative to note in relation to an investors ability to fund investments as well as to stay locked in for a considerable period of time given the illiquid nature of real estate investments.

Shivam Sinha Founder & CEO

indiassetz.com

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10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

INFINITY INFRA – DHOLERA

RUTURAJ CHUDASAMA Managing Director

I

nfinity Infra was incepted in the year 2005, Ahmedabad, Gujarat by Ruturaj Chudasama with a goal to see a middle class of India becoming rich through investment in Land. The company has a strong foothold in Dholera SIR (Special Investment Region) situated 100km from Ahmedabad. Over the years, the company has earned its reputation amongst top-rated companies in the real estate industry, operating in Gujarat. This prominent organization is also a pioneer in Township development, Residential apartments and Commercial complex in Gujarat. Some of their esteemed projects are Infinity Mall, Infinity Anjani Apartment, GK Industrial and Logistic Park, Shivam Residency, Infinity Greens, Rameshwar Nagar-1 & 2, Diamond City, Satyam, Sundaram, in Bhavnagar & Sihor. Their holistic offerings include Residential Land, Commercial Land, Industrial Land along with the services like Consultancy, Legal Licensing, and Real Estate Development. Since Infinity Infra’s mission is to uplift the middle class, they believe in opening their lands as well as plots for those who are looking to make an investment in Real Estate. Real Estate returns are highest and can only be achieved through investments, Infinity Infra helps people to take that opportunity and make most of the returns than any other industry can offer. They also provide plots in the respective areas, though, their prime focus is on investment in Real Estate. The latest news and comments about Dholera SIR where Infinity Infra is working are made by eminent personalities such as PM Shri Narendra Modi, “Dholera SIR will be the building blocks of Global Gujarat.” Shri Amitabh Kant, the CEO of NITI Aayog said, “Dholera SIR will be the first planned Greenfield city in India.” The words of current Chief Minister of Gujarat are, “Dholera will be our defense manufacturing hub.” Some world-recognized companies that are in Dholera SIR: L&T, Cisco, Wipro, Adani, etc., make Dholera SIR an investing hub because of the development which will continue till 2040, appreciating the price in the region. The job and business opportunity creation has led to the high demand for residential property opening a grand scope of rental income.

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dholerasmartcity.net


10 Most Trusted BUILDERS & DEVELOPERS to Watch inSIR 2020 BS Dholera me world-recognized companies that are in Dholera SIR: L&T, Cisco, Wipro, Adani, etc., make

investing hub because of the development which will continue till 2040, making the region Price Apprecian. The job creation has led to the high demand for residential property opening a grand scope of rental come. Also, there will be a spectrum of opportunities in business and jobs.

“Life Beyond Limitations”

Because they know what to sell when a customer doesknow not know buy, the strategy does employed cause they whatwhat to selltowhen a customer not know what to buy, the strategy employed by Infinby Infinity Infra is simple, ‘Prime Location and Rea- The locations they possess which are prime in Infra is simple, ‘Prime Location and Reasonable Price.’ sonable Price.’ Theto locations they possess whichthem are year after year. ture give an upper hand the investors, benefiting prime in nature give an upper hand to the investors, benefiting them yearthe afterbiggest year. strength of his company is the team. “We are a debt-free company uturaj Chudasama believes

th a vision to remain the same, is I think one of our biggest strengths too. The current period for real estate Ruturaj Chudasama believes the biggest strength of tough, those who are not in the burden of interest are enjoying the market. Apart from it, the land bank we his company is the team. “We are a debt-free come holding from early-stage is our strength too,” he says. Ruturaj is an MBA graduate in Marketing and pany with a vision to remain the same, which I mes from theislandlord Rajput family. Aftertoo. graduating think one of our biggest strengths The cur- he went to gain experience in HDFC bank in the arketingrent department. zealistotough, excel those as anwho entrepreneur stayed with him and the journey began in period forBut realhis estate are 09. not in the burden of interest are enjoying the market. Apart from it, the land bank we are holding

tial fourfrom yearsearly-stage were full of in various Real Estate, automobile dealership, and contractual is struggles our strength too,” fields, he says. vil workRuturaj until heisfound his niche in Real land banking and Real Estate development. His keen interan MBA graduate in Estate Marketing and frombank the landlord family. Afterfor gradwas to comes make land and sellRajput it to the investors long term benefits after understanding the trend and uating he went to gain experience in HDFC bank in the brand ‘INFINITY’ and developed few projture prospects. From 2013, along with land banking started the marketing department. But his zeal to affordable excel as s of commercial spaces, residential apartments, villas and developed plots in Bhavnagar. “We an entrepreneur stayed with him and the journey ck to honesty with hard work in any situation we faced till date, I remember myself along with our team began in 2009. ve worked average 12 hours/day in the early stage of our business with minimum leave and holidays,” Ruraj talks about the path he took to reach where he is today.

Initial four years were full of struggles in various fields, Real Estate, automobile dealership, and confinity Infra is providing a chance missed by those who still seeking to invest in Dholera Smart City’s projtractual civil work until he found his niche in Real s GOI and GOG developed by them, which is next-generation greenfield city with all the modern facilities. Estate land banking and Real Estate development. 2021, Dholera will be partly operational, this makes coming two years most crucial for Infinity Infra as they His keen interest was to make land bank and sell it e expecting to investors double their overturn. to the for long term benefits after understanding the trend and future prospects. From 2013, along with land banking started the brand ‘INFINITY’ and developed few projects of commercial spaces, residential apartments, affordable villas and developed plots in Bhavnagar. “We stick to honesty with hard work in any situation we faced till date, I remember myself along with our team have worked average 12 hours/day in the early stage of our business with minimum leave and holidays,” Ruturaj talks about the path he took to reach where he is today. Infinity Infra is providing a chance missed by those who are still seeking to invest in Dholera Smart City’s projects developed by GOI and GOG, which is a next-generation greenfield smart city with all the modern facilities and world class infrastructure. In 2021, Dholera will be partly operational, this makes coming two years most crucial for Infinity Infra as they are expecting to double their turnover.

THE TEAM

| January 2020 |

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How IOT is Changing Real Estate Industry?

F

or an industry heftily revolving around cement, bricks, cranes, water, metal and metal tools, integrating the use of the Internet of Things (IoT), seems rather far-fetched. However, at a microscopic glance, the idea is prevalent and is slowly seeping its way inside the real estate industry making it even smarter. In a world that changes in a blink of an eye, incalculable devices are crawling their way into every other industry with each passing minute. Internet of Things (IoT) has made its place in homes, shopping malls, parking lots, commercial buildings, etc. For a generation submerged in technology IoT has a vital role in easing the life of every soul.

IoT is the devices laden with sensors that collect the data about an individual’s activity of the day and then provide it to the developers and builders. Giving them an opportunity to serve an individual in the best conceivable way possible. The developers can take advantage of the data to assess where the potential customer spends most of the time. What more could be added to the space to sustain the design that is in favor of the buyer, the developers and builders would have more options to explore to tailor the place according to the need to the customer, surpassing the expectations of the buyer with precise data. This will also allow real estate hunting a lot easier as the applications would display the properties that are best in the interest of the buyer.

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Long gone are days when a buyer had to look in every nook and corner of the house to assure herself of no structural damage. But what about blocked drainage system or worn out wiring? The buyer now can seat back at the comfort of her home and check every minute detail about the potential house she has an interest, thus leveraging the confidence in property. All the data about the property would be at fingertip of the buyer even before the visit. IoT does the job and sends the report of the current status directly to the buyer, making the hectic process easy and reliable. Conversely, if the maintenance is due, IoT would generate a report stating the immediate need for repairs and what is about to expire thus saving time and, in some cases, life itself. The buyer feels quite safer in their place that it is equipped with the potential to warn them before the system failures are encountered. Home dwellers nowadays are looking for automatic systems that take care of mundane activities which does are mostly repetitive tasks at best, IoT takes care of HVAC (Heating, Ventilation, and Air Conditioning), lights and other essential electric apparatus. Collecting the tenant’s data, the HVAC system kicks start before tenant’s return from work, making a pleasant experience and saving the economic cost of operating the system. Lights operate on the presence of the occupant, can be tuned to turn on or off should anyone enter or leave. The brightness could be adjusted to the presence of natural light available in the room. Left a switch on in hurry to work or school, IoT can turn it off, cutting cost of electricity and saving it in turn. IoT devices make any space a smart space.

IoT devices are highly energy efficient. The heater could heat the water about the right temperature without wasting any unnecessary energy in the process. The devices can detect the temperature and flow of required water at different times of the day. Tenant’s mobile gets plugged into the Wi-Fi as soon as the occupant enters the home while being away, the Wi-Fi turns off. IoT devices will also manage the security of the places. Should there be any irregular activity, the report would be sent to the owner, making actions faster to challenge the anomaly. With security that monitors the place 24x7, a safe and reliable space can be developed without having any flaws of humans. The entrance gates to the premises can be attuned to the IoT devices, keeping away any uninvited visitors far away. A formidable control over the security of the place puts the owner at serene ease. With exponential development in technology, interoperability will enable to take the homeowner’s experience further, making viewing, buying, selling, renting a piece of cake. Internet of Things will be the driving force in the nearby future in the real estate industry.

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BS

10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

PRECA SOLUTIONS INDIA PVT. LTD. Satish Gottipati Managing Director

“Pioneers in Prestressed Precast Solutions” A NEW DAWN Concrete, a material known to mankind from the last 5000 years is to date being used in one form or another. When the Pharos of the great desert first put it to use and erected Pyramids, was soon followed by Romans, who reformed the material to create intricate designs and shapes. Only in 19th century did another revolution come and out came Portland cement. The imperishable process of revolution gave way to new dawn even though the idea of prestressing was prevalent since the prehistoric times. Garnering the recognition at a large scale after World War II, Prestressed Precast Concrete took to skies, marking the milestone and claiming its place in the books of history. Preca Solutions, one of the pioneers in Prestressed Precast Concrete, a European technology, flourished itself in India. Preca Solutions India has brought the Future to the Present and has poised itself on the threshold of a golden age in the Indian Construction Industry.

A VISION WITH A MISSION Undeviating from principle morals of integrity, consistency, and reliability, they are ardent to be recognized as the most preferred manufacturer of Prestressed Precast Concrete by propagating the internationally acclaimed technology of Precast Prestressed Concrete System in the veins of construction industry of our country. With a set-up facilities in Hyderabad and Bhubaneshwar, Preca Solutions India is threading towards the development of another facility in the southern region.

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preca.in


BS

10 Most Trusted BUILDERS & DEVELOPERS to Watch in 2020

Build Your Concrete Dreams ! UNABRIDGED OFFERINGS Through the passage of time, Preca Solutions India has presented an innumerable range of Prestressed Concrete Prefabricated Structures and with every passing day, their portfolio is ever-expanding. The scale of projects fluctuates in a wider section of construction industries but Preca had shined in delivering Social Infra, Hospitals, Residential, Sports, Educational, Commercial & Industrial. A one pit stop to get them all: • Columns • Beams • Hollow Core slabs • T slabs • Spandrel beams • Solid Slabs • Staircase • Core wall • Retaining walls • Architectural elements • Boundary walls • Trenches

GREEN TECHNOLOGY The environment has become a budding concern over the decade. With pollution surmounting the limits, it has become quite mandatory to check the waste one is disbursing. The ever-growing, expanding urban cities across the face of the country demand briefer timelines and cost-effective technology. In the hour of need, precast technology had bid the time a warm hello, while ensuring the consistency and top-rated standards. ‘Sustainable Invention for Building the Future’, is what Preca advocates the Precast technology as given to its tailoring qualities to meet the production characteristics such as durability, aesthetics, ecological and robust without having to compromise the ecosystem. The low water-cement ratio enhances durability. Since the products are crafted in factories, there is next to

| January 2020 |

little debris generated in factories and on construction sites.

A DILIGENT CREW Preca, as it stands, is 400 people strong, resting its faith on the proficiency, diligence, and dedication of the team for its success to be bloomed. Each and every individual working at several depths of expertise possesses unmatched skills and qualifications. The number sums up the professionally experienced members from foreign to take the leash of the assigned project and deliver top-notch performance. The technical team brings along the long hours of experience they have spent in Gulf, Africa, Israel to the field, giving them an edge over others. From the outset of the project, the team works side-by-side of the client, registering the best implementation of the methods to excel the expectations of the client. The factories are capable of mass production in just a short amount of time which has earned Preca Solutions India high profile projects from prestigious organizations such as Infosys, Phoenix Group and several government agencies.

A NOTION ENVISIONED An overseas visits brought a notion in the futurist mind of Satish Gottipati, the managing director of Preca Solutions India, to employ precast technology in a thriving country like India. Satish held the firm gasp on his belief, then partnered with Israeli and African business associates to bring Preca to life. Despite the background from accounts and being a Chartered Accountant, Satish went on gaining experience in the field of manufacturing, infrastructure, and real estate. With experience of well over 20 years under his command, he has served exemplary in the giant organizations and had also served as the Head of the State of Andhra Pradesh of FISME.

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Profile for Business Sight Media

BS 10 Most Trusted Builders & Developers to Watch 2020  

Business sight is a platform that bridges the gap between the businesses and the clients. It adds value to the lives of CFOs, CEOs, CTOs, VP...

BS 10 Most Trusted Builders & Developers to Watch 2020  

Business sight is a platform that bridges the gap between the businesses and the clients. It adds value to the lives of CFOs, CEOs, CTOs, VP...

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