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Hariom Tyagi Editor acHyuT NaTH JHa Managing Editor rakesH PuroHiT maNoJ cHaTurvedi Consulting Editors makraNd PraTaP siNgH Legal Editor raJkumar cHaudHry amiT agarwal Correspondents aJeeT Tyagi sHaileNder cHaudHry Sales & Marketing aNwarul Haque Art Director umaNg goel Graphic Designer Hariom sHarma Video and Photographer JagaT kumar Admin. observer dawN Head Office S-507A, School Block, Shakarpur New Delhi-110092 Contact-011-42334982 Mumbai Mr. Sunil Sharma A-603, Sai Pushp Apartment (reliable complex) Near Rajiv Gandhi School, Nilemore Road, Nalasopara (W) Thane Mumbai-401203 Contact- 09920378133 Owner/Publisher/Printer/Editor : Mr. Hariom Tyagi Published from C-6C, Block-C, New Slum Qutrs, Pachim Puri, New Delhi – 110063. Printed at Aravali Printers & Publishers Pvt.Ltd., W-30, Okhla Industrial Area, Phase-II, New Delhi-110020.

c All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, electronic, mechanical or otherwise without prior permission. All disputes are subject to the jurisdiction of competent court in Delhi / New Delhi only.

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Briefing 12 16

interview we Follow Zero Tolerance... in a short, crisp and memorable face-to-face with mr. ashok gupta, md, ajnara india ltd....

dubai realty mohammed bin rashid city... destination community and centre of attractions to be developed as joint venture by meydan group with...

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real estate

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cover story rms grouP: a resurgent and reliable realtor

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Trend green buildings: a way Towards...

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strategist customer satisfaction is our Top Priority...

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Parsvnath's’ 25:75 House of Happiness’ scheme This scheme is different from other subvention plans which are available in the market. The scheme announced will not...

Propelled by overwhelming success of its premium projects, ghaziabad-based real estate developer is...

a green built home will hold its price over the long run, with green houses being evaluated for 10 - 20 percent...

observer dawn meets mr. roopak Jain, vP-sales & marketing, Jm group and what comes out is a brilliant...

legend benjamin Franklin: an ordinary man... benjamin was at heart a good writer, so he was a good observer of human feelings and sentiments also...


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retail delhi: a Preferred market for global retailers

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Technology Nokia asha 501

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desk News workshop for eicher brand Harley-davidson assistance Programme symphony wins india design mark indian realty award(ira) of excellence to Finlace

New delhi achieved more new entries compared to other south east asian markets...

Nokia, the Finnish handset manufacturer, is very much focused on the feature phone market in india...

event Noida’s First ever mercedes-benz dealer... kdP buildwell Performs bhoomi Poojan blessed be the royal couple

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Letter From the Editor

Need for Ambitious Projects

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ig nations like India are built on big scale and that's truer if they are to remain big both economically and politically. The large infrastructure projects exactly do it. Nobody, even those politically and ideologically opposed to former prime minister Atal Bihari Vajpayee, have raised any hue and cry when he envisioned the ambitious Golden Quadrilateral project that links the four main cities of India. Significantly, a few weeks ago, the central government informed that only a 100 odd metre in a small stretch remained incomplete out of a 5,846 km project in the Quadrilateral project. There is no doubt now that the same is touted as an exemplary project. Historically too, during the Nehru era, the big dams for irrigation and hydroprojects were famously described as the temples of a new India, post-Independence. In USA, Japan and China, large infrastructure projects played a pivotal role in propelling them as global players. Post-World War II, US saw a flurry of activity in highway building. In present situation when economic activities are gravitating towards Asian nations, China with a bigger investment in infrastructure in road, Railway and ports is ahead of India. Otherwise too, in a slowdown scenario, infrastructure projects, in addition to increase connectivity and thus working as unifying catalyst in a vast country like ours, create demand for commodities like cement, steel and others along with employment where skilled, semi-skilled and even unskilled labour force are handsomely absorbed. However, there is no dearth of skeptics who describe the big and ambitious projects as white elephants eating into nation's exchequer. Then there are some pertinent questions about the massing funds these projects need. Economists say that for a national highways project scale, we need about Rs. 2 trillion and there is doubt the government of the day has fiscal capability to raise such a fund. But powers-that-be which could dole out five or six times more than this in the last nine years in subsidy and populist schemes could have spared this amount in making investment in ambitious projects and surely, the situation would have been better. Then there are delays in execution of projects. A recent newspaper report suggests that projects worth over Rs 7 lakh crore are held up in the absence of clearance from various departments. The delay has put strain on infrastructure, and has put brake on the way to get into a high growth trajectory. A pragmatic approach is needed to speed up the procedures within a time framework. A call for ambitious privatization needs to be seriously taken into account. Ambition, with imagination at the core, is sure to be fulfilled given the way large infrastructure projects help create the economy we urgently need as a big nation.

Connect with Hariom Tyagi Hariom Tyagi

@harityagi2003

Editor, Observer Dawn

@harityagi2003 @harityagi2003 @harityagi2003

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However, there is no dearth of skeptics who describe the big and ambitious projects as white elephants eating into nation's exchequer.


interview

We follow zero tolerance

on quality assurance in all Ajnara projects

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n a short, crisp and memorable face-to-face with Mr. Ashok Gupta, MD, Ajnara India Ltd., Observer Dawn could peek into real estate realms of the eminent developer who, through years of expertise and involvement, developed so many landmark projects in Delhi-NCR.

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he group which evolved itself with every project and incorporated new techniques in marketing, construction, product development, fund management etc. Customer satisfaction supported by a very strong team and a huge customer base, has helped Ajnara India Ltd to become a brand to reckon with. Incorporated in 1991 by a young and dynamic entrepreneur Mr. Ashok Gupta, the group’s Managing Director. Ajnara is a renowned name in the real estate sector with over two decades of experience. The NCR being its centre of operations, the realty player has successfully completed numerous projects – residential as well as commercial – in its journey. It has come up with so many successful projects like Ajnara Daffodil on Noida Expressway, Grand Ajnara Heritage at Sector 74, Ajnara Integrity at Rajnagar Extension on NH-58, Ajnara Homes at Noida Extension, Ajnara Panorama at Yamuna Expressway and many more.

How could you manage to maintain quality towards design and construction throughout? In realty sector, strict quality control is not a luxury but is a necessity, and we have been advocating and practicing it since our inception. We follow a zero tolerance assurance quality theory and it has to give 99.9% efficiency at all times without any compromise. To maintain it, we have a dedicated team which has been handpicked, who ensure that all the established parameters in quality assurance are followed strictly as per the guidelines. Apart from this we have an independent

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third party quality inspection process, reporting directly to the management. Ajnara is known to offer diversified product mix comprising township, residential, commercial/IT parks, retail and hotels. The company has more than fourteen ongoing projects in two verticals of real estate – residential and commercial. While Ajnara GenX at Crossings Republik on NH 24 and Ajnara Grace at Rajnagar Extension on NH-58 is residential. Ajnara Integrity at Rajnagar Extension on NH-58 is also residential. On commercial front, the group has presence with projects like Ajnara Arcade and Ajnara Orchid. The group has plans to add few more commercial projects in the NCR. Ajnara Daffodil at Sector 137, Noida is in final development phase. Homes 121 at Sector 121, Noida, are another project which has changed the dynamics of the market and is likely to be delivered soon.

What’s behind the broadening of horizons in real estate? Today, realty sector has widened its canvas. Gone are the days when Real Estate Company was only meant for developing residential flats. In today’s scenario when India is growing and multinationals are looking towards our country for investments, realty sector is ably supporting this growth. We at Ajnara are playing our part in the growth of nation by constructing state of the art commercial hub, and residential projects. Today realty sector is one of the fastest growing sector with a major contribution to GDP and being India’s one of the top most employer.


What kind of details do you put in place before comprehending any project? Location of the project, surroundings and infrastructure are the three major factors that we comprehend before starting any new project. All of them are very important for us as we are committed to provide our consumers with the best projects.

How important has been Satellite town concept for you as a realty developer? The concept of satellite town is the need of the hour, not only from the developers’ perspective, it also complement all the people in the planning commission who have comprehended its importance in the late 70s. You see that every mega city has a large influx of people migrating every year with the dream for a better life. However, any metropolis cannot support and absorb all. To make it happen the concept of Satellite Township was conceived. We have played our part in further growth of these satellite townships in the form of Crossings Republik in Ghaziabad. Ajnara Integrity at Rajnagar Extension in Ghaziabad as well as by launching big group housing projects in and around Noida which not only will provide housing solutions to the population who move to metropolis in search of better options but also provide employment to the skilled and unskilled professionals. We are also setting new goals, expanding footprints in Delhi NCR and exploring other parts of the country. We at Ajnara India are looking forward to adopting new methods of constructions and exploring latest and the best technology available. n

mr. ashok gupta MD, Ajnara India Ltd.

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dubai realty

Mohammed Bin Rashid City

Exclusive destination and centre of attractions are to be developed as joint venture by Meydan with Sobha Group

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dubai realty

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eydan Group recently announced the creation of a joint venture with Sobha Group to develop 4 million square metres (more than 1,000 acres) of prime freehold land into an exclusive destination of key leisure and retail attraction points surrounded by spacious residential communities, within Mohammed Bin Rashid City. Located alongside Al Khail Road, adjacent to the prestigious Meydan Racecourse and less than three kilometres from Dubai’s key financial, leisure and shopping districts, the community named ‘Mohammed Bin Rashid City -District One’ will be the closest residential villa and green space development to the famous Burj Khalifa district. Meydan Sobha FZ LLC is an equally-split joint venture, which includes the development of city parkland, waterways, woodlands and open spaces covering a spectacular 2.4 million square metres (600 acres) of Mohammed Bin Rashid City -District One. Attraction points feature a 350,000 square metres water park, the largest crystal lagoon body of water in the world with 7 km of stunning lagoons and man-made beaches, alongside retail zones, leisure and sports attractions. This unique “green heart” for Dubai will be surrounded by 1,500 premium luxury villas – to be delivered in four phases – creating without question one of the lowest-density residential environments in any major international city. “Meydan Group is delighted to announce this major development jointly with Sobha Group, as we take the first step in delivering His Highness’ vision for Mohammed Bin Rashid

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City. This flagship development fits in perfect synergy with Meydan’s master plan to create an integrated cityscape of upscale residential communities, with all the attraction points and standards of excellence associated with a Meydan development,” said H.E. Saeed Humaid Al Tayer, Meydan's Chairman and CEO. “Our partner Sobha Group’s reputation for quality projects, delivered to exacting standards and on time, ideally fit the brief for this prominent freehold residential initiative within Mohammed Bin Rashid City. The customer choice and exclusivity afforded by the Mohammed Bin Rashid City - District One community, complemented by its lavish communal green parkland and unrivalled proximity to Dubai’s most vital districts, make the joint venture between Meydan Group and Sobha Group a tremendously beneficial one for discerning homeowners.” “For more than three decades, Sobha Group has been developing and constructing lifestyle destinations and our partnership with Meydan enables us to deliver that expertise, choice and quality to an entirely new community,” said Mr. PNC Menon. “Together, Sobha and Meydan aim to develop Mohammed Bin Rashid City - District One, into one of the world’s prime residential locations, delivering a new, vibrant ‘green’ heart for this city.” The joint venture has already commenced construction of the sales centre for the new community, anchoring a show village which underscores the tremendous choice of homes on offer. Three distinct villa identities – Traditional Arabic, Mediterranean and Contemporary – and at least 45 different floor plans ranging from four to eight bedrooms, set against a back-


drop of fields, valleys and woodlands, provide a unique opportunity for home owners to be part of one of the region’s most bespoke and sought after freehold developments. Meydan Sobha will also differentiate its new community through a 35-hectare network of crystal lagoons and water features, complementing its master plan of more than 65% open and green space among its homes and amenities. This ratio makes it one of the lowest density developments in the world and a truly unique proposition on the Dubai property market. Premium retail components will add to the area’s convenience for residents in addition to sporting, equestrian and entertainment offerings in close proximity.

Meydan Meydan is the visionary concept of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. It is the culmination of this vision to create not just the ultimate venue for horseracing, but also an integrated city that is sustainable, environmentally responsible and also one that positions Dubai at the centre of the competitive global business stage. Meydan Group features the prestigious Meydan Racecourse, home to the Dubai World Cup and 5 months of thoroughbred horseracing. The Meydan Hotel, a five-star destination for leisure and business travel, is complemented by premium leisure and sporting attractions The Track Meydan Golf, the Meydan Tennis Academy and Meydan IMAX theatre. A series of state-of-the-art business parks, residential villa communities, schools, hospitals and business towers will

intermingle with luxury waterfront developments and shopping destinations featuring a Signature Mall. The Meydan Group portfolio also includes Meydan Beach, Bab Al Shams Desert Resort & Spa, Emirates Equestrian Centre and Dubai Equestrian Club with endurance, dressage and show jumping championships. Discover Meydan at www.meydan.ae

Sobha Sobha Group was founded in 1976 in Oman and quickly proved itself as the leading contractor in interiors for 5 star hotels and palaces in the Middle East. Over the years Sobha has had a clear vision to transform the way people perceive quality in the real estate sector throughout India and the Middle East. Sobha employs more than 28,000 professionals across 12 companies operating in Bahrain, China, India, Oman, Qatar and the United Arab Emirates, having delivered 60 million sq. ft. of real estate and contractual projects. Sobha offers a superior residential and commercial experience, with robust engineering, in-house research, uncompromising business ethics, timeless values and transparency in all spheres of business conduct. As one of the few construction companies in the world that has all its activities fully backward-integrated with in-house facilities for architectural, mechanical & electrical design and execution, interiors, metal & glazing and concrete product, Sobha has demonstrated a very high level commitment to quality and timely delivery on projects.Sobha offers a standard of real estate services providing unsurpassed customer service and superior quality execution, which are the company’s hallmarks. Visit Sobha at www.sobha-me.com n

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Building a Brighter Future Call it a gender revolution in india’s real estate industry or emergence of a powerful woman entrepreneur, the young and energetic Ms. Karishma Handa, with her venture 3aworld, is well poised to redefine the realty.

Karishma Handa is one of the most dynamic woman entrepreneurs of the real estate industry Ms. Handa’s leadership skills and honest approach are the talking points in the building industry At the recent North India Real Estate Awards night at JW Marriott Hotel, Chandigarh by Estate Avenues, Ms. Handa was felicitated with the “Young Entrepreneur-2013” award A true humanitarian who endeavours to provide the under-privileged girl children of her hometown, with the benefit of school education Devotedly associated with all the premium projects by Mathura-based SHRI Group, her latest project ‘SHRI Radha SkyGardens’, has earned her an impeccable trust within the customers


. . . N O O S G N I COM


interview

WAVE ONE will be the defining landmark

mr. rajiv gupta CEO, WAVE Infratech

With 41 floors, WAVE ONE is taller than any existing building of Sector-18, Noida n an interview, Observer Dawn has a freewheeling conversation with Mr. Rajiv Gupta, CEO, Wave Infratech who shares about his company’s projects and its contribution in real estate development in the NCR. excerpts

Throw some light on the concept behind setting up WAVE ONE? WAVE ONE brings with it the idea of both work and leisure under one roof for the employees. Work as we all know, plays a major role in our lives. Our day to day tasks are socially defined and needs to be understood in particular contexts, while leisure is a term that is often disassociated with work. We therefore thought of bringing something new like this for the working class so that they can enjoy the fruits of both work and leisure under one roof. This is how WAVE ONE came into existence.

Currently, when there is not so-rosy-picture as far as demand for commercial space is concerned, how do you think WAVE ONEwould manage to stand out? Most of the corporates have established their business in Gurgaon, however the new trend witnesses a sudden shift in the sentiments of the Big names who are now looking to expand their empire across Delhi NCR. Soon Noida is going to emerge as high end shoppers’ destination in NCR.

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The only space available in Noida has been introduced by WAVE group in the form of WAVE ONE for commercial & leisure purposes. The commercial hub of Noida, sector 18, the home of the most valuable real estate in the region Wave Infratech has introduced a modern commercial building WAVE ONE which includes offices, retail and multiplex. The state-of-the-art 41 floor building will span over whopping 2 million sq feet area. We believe that with the improvements in Indian economy, the retail and office real estate sector is expected to see a tremendous growth. As the Sector 18 area is already well established and several corporate have already set up their offices there, its demand will always remain high. We expect this project to give exceptional returns as it is one of the most sought after locations and property in the region.

Of late, Noida has been turning into a hub for highrise buildings especially in housing segment. In commercial segment, how will WAVE ONE script a new paradigm? Once completed, WAVE ONE will be the defining landmark of sector 18. With 41 floors, WAVE ONE is taller than any existing building in sector 18 and house the three major


commercial realty asset classes - offices, retail & a multiplex all under one roof, which is a unique concept. The property will have major entry points from all sides at street level allowing easy movement of traffic and footfalls. WAVE ONE has the advantage of being open from all four sides, giving the retail outlets high visibility and the offices an airy and spacious feel, with an uninterrupted view of the surrounding vistas. It will have a pedestrian plaza with water bodies and landscaped greens. The shops on the ground floor will have a high street feel, as they can be entered directly. Another attractive feature of these shops is that they have double height showrooms, making the interiors look spacious and grand. The level 3 is dedicated to a multi cuisine food with quick service outlets and fine dining restaurants. The 4th and 5th floor at WAVE ONE will be home to a sprawling 5 screen multiplex with 1500 seating capacity. The building will have an elevated multi level parking for nearly 2,000 cars, which will give visitors a welcome change from parking woes. With better access and connectivity from Delhi, Mayur Vihar and Greater Noida, WAVE ONE will have huge catchment area in terms of footfalls.

For a long time, commercial business houses were looking for space which could provide exclusivity in commercial realty in Noida, is WAVE ONE prepared for it? The city of Noida, or we may say the commercial hub of Delhi NCR hustling bustling with various industries and corporates has awakened to the fact that there is no space left to accommodate commercial business houses. As a matter of fact, there is a huge demand for format spaces from large corporate and not so much from smaller companies, as per the business sentiment understood from various companies witnessing the trend of corporate moving to Noida. Wave One’s office offering has 3 functional and elegant layouts to choose from: Silver, Gold and the Platinum business suites (to be launched soon). Each of these offices comes with their own special privileges like access to Business Lounge, Exclusive Club facilities, Premium Lounge and bar etc.

How much significance do you place on architectural design as far as this project is concerned? WAVEONE is a creation, conceptualized, designed and executed by a dynamic team of Indian and international professionals and organizations. Designed by the world renowned Brennan Beer Gorman Architects from New York, the tower is set to offer a lifestyle experience like none other. Consultants of the best order have teamed up to not only make this one of the tallest creations in the NCR, but also an edifice that spells excellence. A fusion of global expertise and the philosophy of energy, the architecture comply with the postulates of Vaastu and Feng Shui. The facade permits the flow of good ‘chi‘or energy through its portals, assuring prosperity and success.

• Construction Partner: Leighton, Australia • Design Architects: BBG-BBGM, New York • Executive Architect: Nostri Architects, North Carolina • MEP Consultant: Spectral MEP Consultant, USA • Structural Consultant: BASE, USA • Traffic Management: Secure P, Mumbai • Elevator & Escalator Consultants: Dunbar & Boardman, United kingdom Architecture also encompasses the pragmatic aspects of realizing buildings and structures, including scheduling, cost estimating and construction administration. The globally renowned BBG-BBGM are the architects of this project. The brand has delivered some of the world’s most iconic buildings. Special care has been taken while designing the office space at WAVE ONE to ensure maximum space utilization. n

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real estate

Parsvnath's’ 25:75 House of

Happiness’ Scheme his scheme is different from other subvention plans which are available in the market. the scheme announced will not attract any EMIs as there is no bank loan involved.

At A GLANCE

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Unveils new corporate identity to reflect its integrated business model, consolidation, commitment, continuity and adaptability

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to focus on three core cluster – innovation, timely execution and delivery, commitment to build a better world

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Announces scheme of pay 25% on booking and rest at the time of offer of possession

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Scheme available across India for 16 residential and 4 commercial projects

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Reiterates its commitment of faster execution and delivery

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Announces business transformation

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Reaches to the influencers in decision making process for buying a house

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Articulates its commitments to stakeholders

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Announces new marketing initiatives

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Parsvnath as a group celebrates 29 years of proficiency in real estate


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eading real estate and infrastructure developer, Parsvnath Developers Limited (Parsvnath), announced a unique scheme to fulfill the need and desire of customers. Reinforcing its commitment for continuity, adaptability and contemporary look, it also unveiled its new corporate identity which symbolizes transformation, freshness and simplicity. It also announced its strategy and plan for today’s dynamic business environment. Known for bringing innovations, company launched one of its kind schemes which promise huge benefits to the home buyers. As per the ‘25:75 House of Happiness’ scheme, buyers need to pay just 25% of the total cost on booking and rest on offer of possession. This scheme is different from other subvention plans which are available in the market, the scheme announced will not attract any EMIs as there is no bank loan involved. The scheme will be applicable on 20 projects of Parsvnath Group which include four commercial and sixteen residential projects across India including cities like New Delhi, Greater Noida, Ghaziabad, Sonepat, Dharuhera, Moradabad, Ujjain, Saharanpur, Bhiwadi, Panchkula and Rajpura. Commenting on the unique scheme ’25:75 house of happiness, Mr. Pradeep Jain, Chairman, Parsvnath Group, said,“After studying the buying trends and profile of the customers, we were thinking of bringing a solution that not only suits the end user but also help investors. The scheme is targeted to help the first time buyers to think of having a house of their own. ’25:75 House of Happiness’ scheme is certainly going to transform the way houses were sold. This is a result of our new approach where we emphasized on problems faced by the buyers at large and thus, designed this scheme. This is purely a ‘risk-free’ way of buying a house as it does not involve any bank loan and EMIs. I am sure in the current market situation; buyers will feel a great relief though this scheme.

"We have been known for our innovative architecture, designs and commitment towards our customers and stakeholders. As we are well aware, our industry, the nation and the world are all facing tremendous headwinds in doing business in various verticals due to the economic and political uncertainties that bedevil most geographies. But I am pleased to reveal that, constraints notwithstanding, Parsvnath Group still retains a zing in its stride. However, we are leaving all the clutter behind and are coming afresh. Our new logo symbolizes our all new simple, straight and clutter-free approach towards the new India. We are confident that this simplicity in our approach will keep guiding us to build a better world, everyday.” Speaking about the confidence of the PE investors and financial institutions in company’s business model, Mr. Jain further said, “At present, we have three PE fund

mr. Pradeep Jain Chairman, Parsvnath Group

investments of Rs 1015.5 Cr in different projects. While SUN Apollo had invested Rs 90 Cr and Rs 50 Cr in Exotica Ghaziabad and Gurgaon respectively, we have already paid back Rs 34.5 Cr against their investment in Gurgaon. Similarly, JP Morgan had invested Rs 255 Cr in La Tropicana in Delhi out of which we have paid back Rs 58 Cr. Our third partner is Red Fort who has invested Rs 558 Cr and Rs 155 Cr in our two projects i.e. RLDA Sarai Rohila and Parsvnath Red Fort Tower at Bhai Veer Singh Marg respectively.” The company has always looked forward and is in final stages of handing over 0.22 mn sq ft of space to its customers at Bhai Veer Singh Marg project, a high-end ultra-modern commercial complex in the heart of the national capital. The company has given the mandate of construction to L&T which is developing this next generation world class structure. The project is due for the completion certificate. Giving importance to accelerated construction and faster deliveries, company has been giving third party contracts to reputed construction companies like L&T, IL&FS Engineering & Construction Co. Ltd., Jaycon Infrastructure, Chawla Techno, SYConE EPMC and Ascent Constructions.Parsvnath is currently developing 76.3 Mn sq ft of area in 27 cities across India out of which it has already sold 36.3 Mn sq ft of space. With the new scheme in place, Parsvnath expects to double its sales in current quarter.n

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real estate

uring the ďŹ scal year 2012-13, Sobha launched new real estate projects totaling 2.64 Million Square Feet. Six real estate projects aggregating to 1.48 Million Square Feet of developable area were completed during the year.

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ounded in 1995, Sobha Developers Ltd., a Rs. 20 Billion company, is one of the fastest growing and only backward integrated real mr. J.c. sharma estate players in Vice Chairman & MD, Sobha Developers the country. Sobha is primarily focused on residential and contractual projects. The Company’s residential projects include presidential apartments, villas, row houses, luxury, super luxury and moderately priced apartments and plotted development. In all its residential projects the Company lays strong emphasis on environmental management, water harvesting and high safety standards. On the contracts side, the Company has constructed a variety of structures for corporates including offices, convention centres, software development blocks, multiplex theatres, hostel facilities, guest houses, food courts, restaurants, research centres, and club houses. Realty major Sobha Developers Ltd., has, on a consolidated basis, for the financial year 2012-13 recorded a top line of Rs. 18.70 Billion, Profit Before Tax (PBT) of Rs. 3.24 Billion and Profit After Tax (PAT) after adjusting the minority interests of Rs. 2.17 Billion. While there has been an increase in PAT by 5%, the PBT has increased by 2% due to higher depreciation, interest and finance charges. The Company announced the results at its board meeting, which was held at Bangalore on May 10, 2013. The Company sold 3.76 Million Square Feet of new space valued at Rs. 22.15 Billion during the financial year 2012-13, compared to 3.28 Million Square Feet in 2011-12 valued at Rs.

17.01 Billion. During the fiscal year 2012-13, Sobha launched new real estate projects totaling 2.64 Million Square Feet. Six real estate projects aggregating to 1.48 Million Square Feet of developable area were completed during the year. The Company also executed 19 contractual projects aggregating to 2.98 Million Square Feet. Based on the impressive performance, the board recommended a dividend of Rs. 7 per equity share, an increase of Rs. 2 per share as compared to the last financial year.

Good Quarter,Great Results In the 4th Quarter ended March 31, 2013, the Company clocked a consolidated turnover of Rs. 5.88 Billion. The PBT stood at Rs. 1.03 Billion and PAT, after minority interest, was at Rs. 695 Million. The revenue has increased by 12% Y-o-Y and 36% sequentially. However, significantly the core real estate income (excluding monetisation of land) has grown by 74% and 40% Y-o-Y and sequentially. During the last quarter of FY 2012-13, the Company sold 1.07 Million Square Feet of new space at a sales value of Rs. 6.74 Billion with an average price realisation of Rs. 6,295 per Square Feet and launched 1.51 Million Square Feet of new projects.

Best Sales Momentum Commenting on the results, Mr. J.C. Sharma, Vice Chairman and Managing Director, Sobha Developers Limited, said, “Throughout fiscal 2013, we delivered to market a strong line-up of products and services which translated into double-digit revenue growth. Our sales performance has been consistent and the entry into markets like Chennai and Gurgaon has spurred growth. Sobha generated the highest-ever operating cash flow in this fiscal. The overall reduction of the debt by Rs. 1.05 Billion has resulted in a Debt-Equity Ratio of 0.57. We will maintain this momentum.”

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real estate Sobha’s superior execution capability is its core strength. As of March 31st, 2013, in the past 18 years since its inception, Sobha has completed 85 real estate projects and 228 contractual projects covering about 56.25 Million Square Feet of area. Speaking about the contractual side of the business, Mr. Sharma, said, “The contractual segment has grown by 20% Yo-Y on a consolidated basis. As of today, Sobha has 10.65 Million Square Feet of contractual work with an order book value of Rs. 5.34 Billion, which will be executed in the next two years.” During FY 12-13, the Company has received new contractual orders (other than Infosys) of the value of Rs. 1,228 Million.

Growth Plans The improving cash flows have prompted the Company to look for new opportunities in emerging markets as well as its existing locations. In the current financial year, Sobha plans to make a foray into new geographies like Kochi, Kozhikode (Calicut), Hyderabad and Noida/Ghaziabad region. The Company is also committed to work within the Debt-Equity Ratio of around 0.6. “We strongly believe that the market for premium housing is growing at a healthy pace. And Sobha, with its superior and

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well-differentiated product line, is all set to capitalise on the rising demand,” remarked Mr. Sharma. The Company is well positioned for the current fiscal. Sobha has a project pipeline of 8.9 Million Square Feet for FY 13-14.

Business Outlook Real estate industry is at the cusp of a new growth phase. This phase shall not restrict itself to the metros but has already seeped into interiors and smaller and new towns and cities. The demand is improving in almost all markets. Today, India is one of the most favoured real estate markets in the world. Commenting on the recent rate cut, Mr. Sharma says, “We are happy that RBI has taken into consideration the liquidity concerns of the real estate sector. The RBI’s recent decision to cut the repo rate by 25 bps to 7.25 per cent has brought a sign of relief. The move will not only mobilise liquidity in the market but will also help developers in reducing the cost of funds. Banks are expected to slash the base rates and offer home loans at economical interest rates.”

Exceptional Execution Sobha’s superior execution capability is its core strength. As of March 31st, 2013, in the past 18 years since its inception, Sobha has completed 85 real estate projects and 228 contractual projects covering about 56.25 Million Square Feet of area. The Company currently has 43 ongoing real estate projects aggregating to 25.83 Million Square Feet of developable area and 10.65 Million Square Feet of contractual projects under various stages of construction. Sobha has made a footprint in 23 cities and 13 states across India.n


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Sales volume of 3.76 Million Square Feet, up 14.4% from FY 2011-12 Sales value of Rs. 22.15 Billion, up 30.2% from FY 2011-12 Average price realisation of Rs. 5,897 per Square Feet, up 13.8% from FY 2011-12 Robust net operating cash flow of Rs. 5.93 Billion Revenue booked at Rs. 18.70 Billion Highest-ever EBItDA at Rs. 5.54 Billion PBt at Rs. 3.24 Billion, up 2% from FY 2011-12 PAt at Rs. 2.17 Billion, up 5% from FY 2011-12 Debt-Equity Ratio of 0.57 on a consolidated basis Recommended a dividend of Rs. 7 per equity share Received 27 awards in FY 2012-13 from various institutes of repute targets new sales volume of 4.20 Million Square Feet for FY 2013-14 targets sales value of Rs. 26 Billion for FY 2013-14 Recognition & Awards. Some of the key awards won by Sobha are listed below: Most Reliable Real Estate Developer Award (voted by customers) by CNBC Awaaz Real Estate Awards 2012 Muthiah Kasi Award 2012 for excellence in Value Engineering Platinum Award for Excellence by Construction World Asia’s Best Investor Relations Company (Property category) by Institutional Investor magazine Real Estate CEO of the Year to Mr. P.N.C Menon by

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Arabian Business Indian CEO Awards Cherian Palathra Award to Mr. P.N.C. Menon for outstanding contribution and exemplary service Real Estate Developer of the Year (Editorial Choice) to Mr. P.N.C Menon by Construction Week India Young Icon of the Year to Mr. Ravi Menon at Building Industry Leadership Awards 2012 Best Individual Dwelling Residential Row House in the Metro category to Sobha Adamus by CREDAI Luxury Project of the Year to Sobha Petunia by SiliconIndia Certificate of Excellence for CSR at Rotary Binani Zinc CSR Excellence Awards Best Construction Site to Sobha Forest View by Karnataka State Safety Institution (KSSI) Five prestigious LACP (League of American Communication Professionals) awards for our Annual Report for FY 11-12, titled ‘Embracing New Markets’. they include: top 100 Annual Reports Worldwide Of 2011, top 10 Indian Annual Reports Of 2011 (Ranking at No. 2), Gold Award for Excellence Within the Industry, Best Annual Report Financials – Silver (Asia-Pacific Region) and top 50 Annual Reports In the Asia-Pacific Region. Four PRSI (Public Relations Society of India) awards for excellence in communication. they include first prize for ‘Social Media’ and three second prizes for ‘Best In-house Journal’, ‘Best Special/Prestige Publication’ and ‘Best Public Relations in Action’ respectively. n

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Cover Story

RMS GROUP

A Resurgent and Reliable Realtor ropelled by overwhelming success of its premium projects, Ghaziabad-based real estate developer is poised to position it as a prominent name in Delhi-NCR.

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Cover Story

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ith the motto that designed community is created with a team of experts and unique ideas, RMS Group has been engaged in pioneering work of making property an asset and offering premium projects for both investors and buyers. As a result, designed community becomes a peaceful place to reside as well as become a profitable investment opportunity for investors. Devotedly and deeply prepared to serve the community with excellence and 100% reliability and with requisite expertise in real estate, RMS Group ensure natives to enjoy a higher level of satisfaction with a landscaped parks, thematic gardens, lush green open spaces. The Group assists infinite glory of nature through its residential and commercial properties. As effective planning is essential for the successful execution of a project, the Group has strong benchmark with professionally managed team which look into everything from design and

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execution, the successful scheduling, budgeting, site safety, availability of materials, logistics, inconvenience to the public caused by construction delays, preparing tender documents, etc. RMS Group has the most highly respected provider of designed house plans in the country. The Group has achieved its goals by designing innovative, accurate and technically complete house plans in Delhi-NCR. Much of its success depends on Group’s ability to attract and nurture superior talent, identify and respond to customers’ needs, build and maintain relationships. Needless to say, it offers a unique blend of exceptional services that exceed people’s expectations. RMS Group has a distinctive approach to offer the best deals in residential properties and commercial properties. The Group has been working with Tronica City to assist community in exploring the new vision of integrated township. It has been a dominant force in the market of Real Estate and a significant partner in the process of making commercial and

residential property a unique place to reside. Credit for company’s success goes to the topnotch entrepreneurs whose passion, perseverance and commitment has endeared everyone. Mr. Ram Kumar Tyagi, Director, is a graduate from a reputed University. Having experience of more than 15 years in real estate world with very strong financial background, vast knowledge in real estate world, he is currently taking care of so many projects simultaneously. Under his dynamic leadership, the Group succeeded in offering timely possession while keeping clear transparency and accountability towards government, customers, employees and stake-holders. Mr. Mangay Ram, Director, has a vast experience in construction world from last two decades. He is also into the sector of trading and manufacturing of Air filters of all types. Mr.Surya Kant Thakur , Director, has graduated from a reputed University and is now a leading Industrialist for the last 20 years. He has a very vast knowledge of the construction world,


Specific Details of RMS Group Projects and is also associated with top level industrialist with very good social network. RMS Group’s projects -- RMS Plaza Tronica City (Commercial Project), Signature Residency Tronica City (400 Residential Flats Possession Soon ), RMS LifeStyle (Upcoming Residential 2,3,4 BHK Flats- 1200 Apartments) and RMS-CITY CENTRE (Upcoming Project) -- have a proven track record for excellence and transparency. These all match with the best and most prestigious projects in real estate industry. And the crowning glory is the huge backdrop of the project -- Tronica City. Tronica City, with its size, infrastructure and facilities has the potential to outshine all the planned cities developed so far .The fact that Signature Residency is the first planned group housing of Tronica City, makes it an even more profitable venture. RMS LifeStyle is an ultra Modern residential group housing project in Tronica City Ghaziabad. RMS LifeStyle offers numerous amenities in the vicinity of its premises which include gymnasium, swimming pool and meditation centre. It offers the breathtaking, spacious and fully furnished apartments with state-of-the-art interiors and fresh green surroundings. Lifestyle finds its destination at RMS LifeStyle with its 2/3/4 BHK Apartments with fully furnished rooms and business. Imagine living in 100% privacy and with all the amenities at your door step. To top it all, there is an ex-

Signature Residency Tronica City: 328 Residential Flats, possession soon RMS LifeStyle: Upcoming Residential 2,3,4 BHK Flats, approx. 1200 Apartments RMS-CITY CENTRE: Upcoming Commercial Project

clusive parking space at the podium for a wonderful and uninterrupted view of the greens. Here lush green surroundings make the exteriors appealing and soothing to the eyes. Similar to all the other aspects, RMS Lifestyle leaves everyone spellbound with its quality features. The full attributes of the project are enough to enthral even the most refined of connoisseurs. The project boasts of world class facilities of clubhouse, gym, Tennis courts, Squash courts, juice and coffee bars, sun deck with barbecue pits, outdoor swimming pool, Jacuzzi, library and many more such beautiful attractions. Tronica City Ghaziabad Tronica City, an Integrated Industrial township, was conceived in 1990s to develop the industrially backward area of Loni and to attract the hitherto untapped entrepreneurial skills of North– East side of Delhi. The area has come up very fast owing to its proximity with Delhi. Tronica is just 2 km from

Delhi Border, 8 km from upcoming signature bridge, 12 km from ISBT Kashmiri Gate and 20 km from New Delhi Railway Station. Tronica is presently spread on 2000 acres and has well planned sectors for industrial plots, individual and Group Housing plots, institutional and commercial plots. It has well developed central park and good green coverage. Further acquisitions are on and very soon another 1000 acres of land shall be under peaceful possession. Tronica is accessed from Delhi side through traffic-free Khajuri Pushta road which starts just next to Wazirabad Bridge. A new and prestigious Signature Bridge will make the transportation even more decongested. In Ghaziabad side, the area is accessed through Loni Baghpat/ Saharanpur road. At present, the power supply in the region is very good. Near 20 hours power supply is being reported on an average. Almost 750 units have come up in Tronica and many others are under various stages of completion. In the domestic sector approximately 300 houses have been constructed in the area. Many builders have almost completed their modern multistoreyed building units. The planned occupancy of the city is a visual treat. In an interaction over a wide range of issues related to real estate scenario in Delhi-NCR and specifically to the Group, RMS Group has a detailed conversation with Observer Dawn. n

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Cover Story

Serving Customers

with High Quality Service Excerpts:

When did RMS Group begin to emerge as a developer? Who is the founding father of this company which is scripting a new success story? Mr. Ram Kumar Tyagi is the founding father of RMS Group who founded this company 15 years back.

What’s the track record of company on the basis of transparency and accountability? Accountability and transparency are related fundamental doctrines that define

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ethical conduct in any society. It is clear that accountability and transparency, in a true democracy, unequivocally represent a universal, equivalent concept of shared responsibility, trustworthiness and open communication between the seller and customer. For that company ask their client to visit the site and see the progress of the work and if they have any problem they can directly contact the higher management if it is not solved by the concern staff.

What are the milestones RMS Group could claim to have achieved?

The one word that explains the Milestone of the company is Faith. RMS Group has already sold 80% of the project – in both commercial and residential sectors and possession will be given soon as the work is on finishing line.

To maintain a long-term relationship with investors/buyers is an uphill task today. How has the company strategised to convince them that it takes utmost care to give value for their investment? We not only serve our customers with


Mr. Ram Kumar Tyagi Director, RMS Group

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Cover Story high quality service but also satisfy them with excellent customer relationship management backed up by a dedicated team who are available 24x7 time for them. In order to give maximum value to their investment we do various activities like Monthly eNewsletter, Drip Marketing Campaigns, Quarterly Calls , Events, Sponsorships, Direct Mail, Birthdays and Home-Purchase Anniversary Dates and Social Media.

On the parameters of timely delivery and innovation, where does the Group’s project stand? As RMS Group has already sold 80% of the project in commercial and residential sectors, it keeps in mind the significance of the timely delivery. RMS Group will be providing the possession on time as the work is on finishing line.

Among the modern residential housing projects, how do you measure the position of Tronica City? We are sure that the township will begin a new era in experiencing a living style in a modern residential housing project in NCR. People have already talking in appreciation about this project.

When it comes to volume of sale, what portion does Group’s commercial real estate account? Already, we have sold 80% of commercial project.

What has been the overall response from buyers/investors for RMS Plaza Tronica City, Signature Residency, Tronica City, RMS LifeStyle and RMS-City Centre ? The company got the positive response from the customers in regard with the entire major project in company pipeline.

According to a general estimate, there is huge demand for affordable housing in NCR. Is RMS Group prepared to bridge the demand-supply gap? NCR is expected to witness the highest demand across mid and high-end segments with a 70% share of the additional demand in the next 5 years. The MIG category in the NCR currently has a

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comparable supply pipeline to meet this additional demand. There is also a sizeable supply of mid-segment units in various stages of construction in Ghaziabad. Nearly 70% of the mid-segment units are expected in these micro markets by 2015. Creating township with all basic amenities will remove the urbanisation pangs. As a real estate company, how is RMS Group geared up to meet this challenge. The company is working according to the government norms and Company also knows its responsibilities towards society to take care of people’s health. For that company has provided 70% green area in its project.

There has been demand for granting infrastructure status for housing segment. Do you think this will accelerate real estate growth? The real estate sector is one of the most important sectors to be affected by macro-economic changes in the country. When RBI brings down key rates in the economy, the lower interest cost is passed on by the banks to end-users. A lower interest rate on loans like home loans will trigger more demand for the housing segment. Lowering of rates by RBI has been promised only if the government brings about a discipline in the nation’s fiscal status. This is one of the key pointers in this year’s Budget.Another aspect of interest rates is to widen the definition of interest rate subsidy for loans to affordable housing projects.It is recommended to broaden the price band of affordable housing to boost the demand for housing. However, controlling rising prices is a challenging task. Input costs of real estate -- be it the cost of materials, labour or simply legal charges have been on a spiralling trend for the past few years.This has resulted in builders keeping the selling price also high, due to which real estate prices have remained stubbornly elevated, especially in metros. This is notwithstanding the poor demand for most of the sector. The Budget should make provisions to reduce input costs, at least for the af-

fordable housing segment. High prices will also come down naturally with a drop in inflation, which can be achieved with a fall in interest rates in the economy. While looking for homes, people also prefer an ambiance of natural environment and greenery. Does the Group fulfil these expectations? Strictly adhering to the green building norms, all our projects fulfil our obligation towards bringing in environmentfriendly atmosphere. Units in Tronica and other RMS Group projects are being developed after taking into account greenery and natural habitation.

What is the USP of the company? Branding, Designing and Marketing.

In recent times, several of branded companies have increased their contribution under the Corporate Social Responsibility (CSR). Kindly, share with us about RMS Group’s CSR policy and contribution. RMS Group takes initiative to contribute to harmonious and sustainable development of society and the earth through all business activities that we carry out in each region, based on Group’s Guiding Principles. The Group complies with local and national laws and regulations as well as the spirit thereof and it conduct sour business operations with honesty and integrity. In order to contribute to sustainable development, the Group believes that management‘s interaction with its stakeholders is of considerable importance, and Company will endeavor to build and maintain sound relationships with all stakeholders through open and fair communication. It expects that company’s business partners will continue support this initiative and act in accordance with it.

What’s the secret behind company’s growth in recent years, especially in Delhi-NCR? The secret behind the company’s growth is the hard work and Customer Satisfaction plays the major role to survive in any market and the company plays the same role. n


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Cover Story

Solid Foundation A Leading Consultancy

A

n ISO 9001:2008 certified consultancy firm and Channel Partner of RMS Group, Solid Foundation stands for the highest standards of quality, integrity, loyalty and trust in property transactional, management and advisory services. Serving clients and

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Property

earning their trust form the bedrock of firm’s philosophy. It applies a highly customized and multi-disciplinary approach to the institutional and private capital markets, across all property type markets, to eectively anticipate trends and uncover opportunities. Solid Foundation was founded in 2005 as a real


Mr. Vishal Tyagi, CMD and Mr. Gaurav Tyagi, MD Solid Foundation

estate business. Since then, it has grown to become the DelhiNCR’s largest privately owned global property agency and consultancy. Today it is widely regarded throughout the NCR as the firm of choice for high quality commercial and residential properties. The realty firm is introducing yet another new project (cottages and plots) in Mukteshwar (Uttrakhand). The Underlying Strengths With an excellent record in service and quality implementation, and through experience, knowledge and expertise, the firm meets customers’ specific requirements. Solid foundation believes in transparency, honesty, and clarity in everything it does. In this way, it earns clients trust, turning transactions into valuable long-term relationship. The firm also gives assurance

that customers will have a one to one meeting with the Buyer/Seller before entering into any deal to evaluate individual credentials. Base work regarding evaluation of credentials of an individual is undertaken. Solid Foundation team works vigorously to ensure the needs and desires of the clients. Right from conceptualization to the completion of the transaction, it leaves no stone unturned to give concrete shape to client's dreams. The team provides ultimate personalized solutions with a good understanding of client's specific concerns. The realty firm follows a tradition of personal and professional integrity to provide people with the best of facilities, luxurious amenities and salubrious environments. Flawless designing, quality construction and superior specifications are

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Cover Story

Solid Foundation provides loan assistance to get loans and also a guide who would answer some important questions related to Loans which will help the customer decide.

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the major thrusts for this real estate investment company. The company’s vision is to gain the loyalty of their customers by delivering more cost eective projects. It always aims to gain complete customer satisfaction and follow this thumb rule from the beginning and for this reason, it has established a gigantic corporate image. The main objective of the firm is to provide more and more innovative as well as eye-catching projects with magnificent and modern lifestyle amenities. The Team Management Mr. Vishal Tyagi, CMD, is a post graduate in management from Indore University with experience of more than 15 years of Real Estates Business and general corporate management. He is involved in so many real estate commercial and residential projects and also in land consulting. Company has taken big stride under his guidance. Mr. Gaurav Tyagi , MD, is one of the talented professional in Solid Foundation. After completing MBA he is involved in real estate construction and development since last 10 years. He has achieved a great position in real


Solid Foundation's Collaboration with Some Reputed Projects

Mr. Sidharth Tyagi is one of the talented team members who has handling real estate corporate sales & also established a network of more than 100 dealers in real estate market with Solid Foundation and Mr. Prince Chaudhary innovative sales professional and look after dealer network.

On-Going Projects

A One-Stop Service Provider

RMS Group at Tronica City

Solid Foundation is a group that provides a wide range of services to get the Residential Plots, Loan Assistance, Portfolio Management, Marketing Research and Bulk Underwriting. All of these are planned to make people’s life and investment easier, safe and secure.

RMS Lifestyle : It is in 7 acres land for group housing in Tronica City with approx. 1082 flats in 3 phases till 2016 and is being developed by RMS Group. As the Group’s underwriter, Solid Foundation has all sales & marketing rights for this project. It arranges all online marketing, media marketing, events, on air marketing and brand development for RMS Group. Solid Foundation’s Own Projects 1.) Hill City at Mukteshwar 2.) Shri Shyam Enclave 3.) Gyan Vihar Enclave Previous Projects the Companies Associated 1.) Supertech 2.) Earth Infra 3.) Amarpali 4.) VVIP Address 5.) Gaur Sons 6.) Grah Awas Vikas 7.) MCC Signature 8.) Officer City 9.) High end Paradise 1 & 2 10.) Ajnara 11.) SSC Sapphire 12.) Gulmohar Garden 13.) Palm Heights

estate sector. Serving for the last 12 year in sales and administrative dept. in reputed organization, Mr. Rajiv Tyagi is currently taking care of HR & IT Department in Solid Foundation. He recruited talented & target oriented employees and also organizes skill development time to time for their employees. Mr. Nirmal Tyagi is highly qualified executive. He has done MBA in International Business from the IMI Belgium University. He has 4 year experience in International Real Estate market & overall h 8 years experience in Sales & Marketing. Mr. Poornendu Tyagi is target achiever with 8 year experience in Sales & Marketing. After achieving MBA he is involved in brand development, personal relations, media planning, online media & events. He has all around sales skills to achieve sales targets on time.

Residential Property Solid Foundation has been dedicated to provide the customer a life that he/she has never seen before. And with that goal the firm is continuing its endeavor by providing the residential projects which are not just good, but a blissful experience. Portfolio Management In recent times, the Indian real estate arena has become a source of investment for both domestic and international investors. That is why a portfolio management advisor is needed, to make the right decisions. Solid Foundation provides their clients with specialized efficient service encompassing reports, analysis on markets, details of developers, pros/cons of particular sites, future trends and investment security. Solid Foundation ensures a high level of transparency in all levels of transactions and for that it takes clients through the legalities and documentation, tours of the properties, transfer process and other relevant updates. All of these for a good return in a safe and secure way. Loan Assistance Dream property is not very far away with a loan which will fulfill a buyer’s Dream into a Reality. Solid Foundation provides loan assistance to get loans and also a guide who would answer some important questions related to Loans which will help the customer decide. Marketing Research Solid Foundation’s Real Estate Marketing Services provides comprehensive analysis of all comparable transactions and offerings in order to fully understand the range of prices achievable in the current market place. The firm delivers research reports for varied property types like land, office building, independent office premises and special purpose properties etc. Results are thoroughly analyzed, well documented, and clearly communicated. The team of Solid Foundation is well versed with all the technicalities, theories and methods of conducting a valuable research which will surely help to enhance a customer’s real estate goals. Bulk Underwriting Solid Foundation is involved in more than 15 real estate residential & Commercial properties and Land consulting as well since last 7 years. n

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trend

Green Buildings

A Way Towards Sustainable Development green built home will hold its price over the long run, with green houses being evaluated for 10 - 20 per cent higher values than similar to normal built home. Such home help save a lot in terms of lighting, heating/cooling and supply of potable water.

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By Mr. Kamal Meattle

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reen buildings can influence various sectors and not only in the operation of the building. The technologies for reducing dependence on water, energy and other resources are ready and waiting; but it's not only about what goes on inside the building. By locating offices where more people can walk to do their errands, transport impacts are reduced. By collecting and using rainwater and groundwater, downstream problems are reduced and upstream water is available for others. By designing for healthy indoor air quality, loads on the health care system are reduced. Conventional buildings produce 40 per cent of waste going to land and generate 40 per cent of all air emissions including Green House Gases. The problem lies in the fact that construction industry is among India’s fastest growing sectors, contributing about 10 percent to the country’s Gross Domestic Product (GDP) and so cannot be ceased or slowed down. This construction industry in India is growing at a rate of 9.2 percent as against the world’s average of 5.5 percent. By the year 2050, residential, institutional and commercial

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trend buildings are expected to consume as much as 38 per cent of global energy production and to release about 3800 megatons of carbon in the atmosphere.2 Such heavy amount of Green House Gas production would be disastrous for future generations, as the Mr. Kamal Meattle, non-renewable reCEO, Paharpur Business Centre sources are on the verge of extinction. So just think as to the quality of air that our generation leaves behind for the future? The optimum solution that can save the humanity from this impending inferno is undoubtedly – “Going Green”. A lot can be done and lots have already been done. The business case for building green has already been made, and in countries where green building rating systems have been around for a few years, developers now understand the financial benefits.

Salient Features of Green Buildings 8

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Green buildings can command rents as much as 10% above the norm. Niche markets are already turning mainstream, demanding low-impact buildings. Green buildings improve productivity of the occupants. Office workers enjoy their working environment more taking fewer sick days and reporting fewer minor ailments. Green buildings raise the quality and standard of buildings generally. A typical office building is not built in compliance with standard building codes. A green building rating forces a developer to show that the new building not only meets, but exceeds municipal codes. Green buildings inspire innovation; they set performance standards with regard to reduced environmental impact, and leave it to the developer to decide how to meet these standards. The best first step is to design buildings so that they meet requirements - especially for air quality and energy consumption - through passive systems that don't require mechanical equipment. Only then should equipment be used to achieve what the passive design cannot, by using efficient systems. Innovation takes the industry forward, raising the bar for the next wave of developers. Green buildings can help electricity utilities by reducing peak demand. Energy-efficient buildings don't only reduce overall emissions; they help smooth the peaks in demand.

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Green buildings raise awareness of what constitutes a high quality environment. By setting out very specific performance targets, green building rating systems make it clear how the indoor environment can be improved over standard-issue buildings. Indeed, in the early stages of the transformation of the industry, this is a challenge for creating acceptance that green buildings are worth paying extra for. But the rating systems provide that articulation, and it's just a matter of raising awareness. 8 Green buildings present exciting new challenges for environmental stewardship. Terms like 'restorative' and 'living buildings' are starting to emerge, suggesting that buildings could do better than just zero environmental damage. They could begin to compensate for damage caused in other sectors, by being 'carbon negative' or making a positive contribution to the environment, rather than being merely benign. A normal day, for almost every Indian, starts with the worry of reaching their respective offices situated in skyscrapers; spending the entire day in their cubicles, and then heading towards the concrete home every evening! The Rat race never ends. It is certain that we are all living in a concrete jungle. However, in everyday’s hustle and bustle, we have been neglecting our environment. Yes, the same environment that has given us almost everything, so that we can survive- Land to live upon, fresh air from trees, flora, fauna and the list is endless. Concretization has created a profound effect on all of us. The sad part is that the conventional buildings, does not really care for the environment. Instead, is one of the reasons for damaging it fiercely! These buildings are increasingly consuming limited resources and thus can steadily deprive our future generations of the already depleting resources. To state a fact, such buildings consume 40 per cent of the world’s resources, including 12 per cent of its water, and up to 40 per cent of the energy we use. Green Buildings are the perfect panacea for this predicament. In simple words, Green buildings save water, energy and thus help reducing operational costs over a period of time. Sustainability is the need of the hour. The general perception is ‘adopting Green designs are costly and can pinch our pockets.’ This is just a perception. A green built home will hold its price over the long run, with green houses being evaluated for 10 - 20 per cent higher values than similar to normal built home. Such home help save a lot in terms of lighting, heating/cooling and supply of potable water. It would not be wrong to say that cost of green buildings are only fractionally higher than that of conventional buildings, but the overall returns are greater in terms of water and energy consumptions. Though, awareness through media is slowly pushing people to ‘Go Green’ and become more environment- friendly, yet more rigorous efforts are required. And we can certainly start this revolution by adopting green measures for our Home and offices. This would be the First step to a Green Revolution. n 8


StrategiSt

Customer Satisfaction is

Our Top Priority

bserver Dawn meets Mr. Roopak Jain, VP-Sales & Marketing, JM Group and what comes out is a brilliant conversation with a dashing and dynamic professional, one who religiously follows the fundamental principles of real estate while ensuring maximum satisfaction to buyers and investors. Excerpts

When did you start your real estate journey? It’s been almost 10 years since I’ve been in this exciting industry. I found my passion in real estate and I believe this is where I was destined to be.

When did you join hands with JM Housing? I’ve been with JM Group since 2010. It’s been exciting 3 years and I haven’t looked back ever since. I have learned on the job about the requirements of the customers, the industry’s outlook and growth in the fluctuating Indian economy and how to give best deal in the best price for the customers. Real estate is the one of the highest earning industries and it is very lucrative, so it’s imperative to have a keen eye for detail and look out for opportunities and grab them.

on time are JM Royal Legacy, JM Royal Park, JM Park Sapphire. Every project takes around three and half years to complete (provided no major obstacles are faced). JM orchid and JM Aroma are under construction projects. Orchid would be ready for possession in December 2013.

Real estate outlook is not as rosy as it was and there have been a lot of assessment about its debt and liquidity crunch. How the funding for projects will be arranged?

While selecting the area mentioned here, what do you keep in your mind — logistics, infrastructure or demand?

Yes it’s very true. Real estate industry has always been on the look-out for availability of rich liquidity. And it can be tackled with seeking quality sales and both investor and end users are equally important for the success of a particular project. Besides that, we also associate with banks for funding. However If developers go step by step and focus on constructing in hands projects, there won’t be any such issues. At JM, we ensure we ensure we adopt the same policy. I always take a step forward and ensure the customers get more than what they were looking for.

When we are selecting the area, we think about different customer segments, their requirements and also the future of the area, in terms of the development, connectivity, etc. I ensure every interaction with the customer leaves a lasting impression and maximum of the interactions turn into a positive outcome.

Do you agree that the Greater Noida (West) area has potential and requisite infrastructure to emerge as yet another epicenter for real estate activity in NCR?.

The projects your company has started… and when will these be completed? Our main objective is of timely completion of each and every project. Some of the successful projects which were completed

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Yes, definitely this area has good potential for developers, investors and for the end users. The area gives everything what a developer wants; same thing is applicable with investors also. If we talk about the end users, they can find their dream home in their budget. The area is going to set a new living standard


Mr. Roopak Jain VP Sales & Marketing, JM Group

in NCR. Imagine the area which has all the basic infrastructure ready like highway (FNG), Wide sector road (130 mtrs), service road as wide as 30 mtrs, ready sewerage, soften drinking water, electricity , habitat center, shopping malls, hospitals, educational center, corporate centers etc this all are there.

Factsheet •Company Name •Project’s Name

How do you differentiate your projects from others? As developers, it’s always important one should be focused and customer centric. A project can be differentiated on the basis of quality of construction, landscaping of the projects, amenities in the project and no doubt timely completion. I also ensure our customer interaction is of the highest caliber, making sure that every interaction is beyond satisfactory for the customer.

Why would investors or buyers go to your project? For the end user price, best requirement matching size, landscaping and amenities of the project, floor plan, quality of construction, timely completion etc. maters, what we are giving. An investor always wants good appreciation which is also dependent on all these factors because an investor sells his property to an end user so these projects is also best for the investors. n

• Totals Area of Projects •Type of Unit • Area of Units

•Basic Price •Project Delivered

JM Housing Limited JM PARK SAPPHIRE, JM ROYAL PARK, JM ROYAL LEGACY, JM ORCHID, JM AROMA, JM FLOARANCE approx 40 laks sq, ft. 2,3,4 BHK & Pent Houses. 995 to 1750 for flta’s pent houses are of 3600 sq, ft approx 2995 per sqft to 7000 rs . per sq ft JM ROYAL PARK, JM PARK SAPPHIRE, JM ROYAL LEGACY JM FLORANCE

• UPCOMING PROJECTS •PROJECTS FOR POSSESSION THIS YEAR : JM ORCHID •Project for possession in 2 yrs JM Aroma

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StrategiSt

f o e l y Lifest n i a J k a p o o R Mr. 50

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I was born on… Which makes me a… (Sun Sign) If not in real estate, I would be… Someone I idolise… Family for me… My style of clothing…

06 March 1980 Pisces Formula One Racer My Father Is Everything Elegant – you’ll mostly find me in formal wear Designer labels I would go for… CK, Tommy Hilfiger, Gucci My favourite designer… Gucci One brand I would add in my wardrobe… Ralph Lauren Fragrance I love… Bond no 9, Clive Christian Sports I play… Swimming, Golf Car I would like to add… Audi R8 Cell phones I carry… Galaxy S4 and IPhone 5 Watch I wear… Tag heuer, Ulessy nardin Pen I am using… Montblanc I love eating… Chinese and Indian Restaurants I love to dine in… Mainland China, Olive Garden, Bukhara When I am not working… I read books Stress busters for me … Gym Destinations I love to visit… Italy, Greece Myfavourite place in the world… Dubai Music that makes me groove… Rock music All timefavourite movies… Rockstar, Dabaang, Guru Things which light me up… Spending time with my 4 year old son A big turn off for me… Poor customer service Memory I cherish most… Birth of my son A nightmare which often haunts me… Death of my Dad A message for my fellow developers… Let’s give maximum quality projects at optimum price for our cherished customers Ten years down the line I see myself… Making a real difference in the real estate industry

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Legend

Benjamin franklin

An ordinAry mAn of extrAordinAry feAts enjamin was at heart a good writer, so he was a good observer of human feelings and sentiments also. By Mohammad Aleem

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question arises so simply here, that why should we read, and know about a man and his works, who have died some two centuries back, and lived not on this land, but many oceans far away? But, I do believe, that, some men and women have always a great power to attract and allure us with their treasure trove of wisdom and knowledge, from where, we can get a lot of precious pearls to make our crooked path more straight and bright. Benjamin Franklin was such a man of huge stature and height, and most of all, those capabilities had the power to influence and change many lives. He was born in Boston on January 17, 1706. His father, Josiah Franklin was a simple soap maker. His mother’s name was Abiah Folgers, the second wife of Josiah. He was tenth among his seventeen siblings. His father wanted him to make a clergy, but, he chose to become a printer, which he loved it most for his love of books and writings. He first joined his brother as an apprentice to his printing house at the age of twelve, but, he left soon after, when he found the workplace incompatible to his nature. There was an interesting incident to note that how he left his work with

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his brother, and how that helped him understand his own abilities and strengths and weaknesses of life. His brother started publishing a newspaper from his printing house then, and as compatible to his nature and creative bent of mind, he showed his inclination towards writing. But his brother underestimated him and discouraged him. He, though, did not stop there, and wrote many long letters to the editor in the name of a widow, Silence Dogwood. He's more than a dozen letters were published, and received commendable and heartily reactions from the readers. Everyone heaped praises on this unknown letter writer, as it contained and raised many pertinent questions of its time, and everyone wanted to meet that prudent and wise lady to share their feelings with her. But, Benjamin revealed at that height of the curiosity, that, the letter writer was none, but he himself. It infuriated his brother a lot, and the sting of envy and contempt raised its ugly head in his malicious heart. He could not take it easy, that his younger brother could command such huge talent of writing. He did not stop there to lament his fate. He simply chose to leave the place for a good pasture, for Philadelphia. And, that drove him luckily on a path of not only self reliance, hardship and labor, but, successes. From the very first stage of his life, Benjamin knew that if he wanted to succeed, he would have to labor hard to realize his goals. He now wanted to establish his own printing house, which could give him freedom to earn and write

freely. And for that purpose, he even journeyed to a so far o place, London. We should remember that in those days, America was not such a rich nation, and splendor was not heard of among its citizen. It was infested with war and hatred and animosity among its inhabitants. The rule of the land was divided into many lords and governing bodies, and populace of the country even lagged behind in finding the basic amenities of life like public transport, road, electricity etc., even the coun-

try had not seen and witnessed the miracle of science and invention. You will be pretty surprised to know that Benjamin Franklin was a man who first invented the room heater, established the fire fighting unit in his town, got the first time a road of his town paved, established

cleansing system like a municipal department for his people, established public library based on subscription, and many more things to come. He did not show his exemplary achievements and mettle in printing and publishing work but also as an administrator of par excellence. When he was appointed as a postmaster general of his province, he did his work coomendebly well even in that situation where means and money was scare. When he was chosen as a military Colonel to save his province from the greatest danger of enemy Indians, he fought with his men to the enemy as he was a seasoned and experienced military man from his early days of his life. He wrote such a vivid and interesting account of those days when he was on the battlefield , it gives the reader not only a picture of that wretched America of its time, but, it also shows that how he was a man of extraordinary power of letters. He writes about one of his experiences in his autobiography about the war of those days as this: “Just before Bethlehem, eleven farmers, who had been driven from their plantations by the Indians, came back to me requesting a supply of firearms that they might go back and fetch o their cattle. I gave them each a gun with suitable ammunition. We had not marched many miles before it began to rain, and it continued raining all day; there were no habitations on the road to shelter us, till we arrived at night near the house of a German, where, and in his barn, we were all huddled together, as wet as water could make us. It was well that

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Legend

How these words could be applied to us Indians also. Should not our government think prudently in that way to curtail the mass unrest of many areas where our men are aiming guns against our own establishment. we were not attacked in our march, for our arms were of the most ordinary sort, and our men could not keep their gun locks dry.” Remember that this was an America of eighteenth centuries where even basic amenities for its army men were scant, and now an America of impeccable military power and scienctific propwess that makes her dare to wage war even at the slightest whim and hurt of its pride. Benjamin was at heart a good writer, so he was a good observer of human feelings and sentiments also. He writes in the same chapter of the book while observing his men on the battlefield in these words: “This gave me occasion to observe, that, when men are employed, they are best contented; for on the days they worked they were goodnatured and cheerful, and, with the consciousness of having done a good day’s work, they spent the evening jollily; but on our idle days they were mutinous and quarrelsome, finding fault with pork, the bread, etc., and in continual ill-humour, which put me in mind of a sea-captain, whose rule it was to keep his men constantly at work; and, when his mate once told him that they had done everything, and there was nothing further to em-

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ploy them about, “OK”, says he, “make them scour the anchor.” How these words could be applied to us Indians also. Should not our government think prudently in that way to curtail the mass unrest of many areas where our men are aiming guns against our own establishment? Doesn’t it show us that if we want to get rid of all kinds of extremism and terrorism from this country, we should also think about employing our disgruntled youth in some


serious manner, so their genuine and real energies could be channelized and tapped in most fruitful manner? But alas! Who has time to think over it? We want to get cured of the wound, but, we don’t bother to see that how this wound came out on our bodies. Benjamin didn't stop here to make his countrymen a wise and sensible citizen. He gives them many types of advice and shows the path of success through his own experiences and proper exhortations. In his very famous almanac, which was published in his own time, and was a great hit among the masses, he writes these wise words on its pages: “It would be thought a hard Government that should tax its People one-tenth part of their “Time”, to be employed in its service. But, “idleness” taxes many of us much more, if we reckon all that is spent in absolute “sloth”, or doing of nothing, with that which is spent in idle employments or amusements, that amount to nothing. Sloth, like rust, consumes faster than labor wears; while the used key is always bright.” He writes further on the same page: “If you were a servant, would you not be ashamed that a good master should catch you idle? Are you then your own master, “be ashamed to catch yourself idle?” “Poverty often deprives a Man of all spirit and virtue: It is hard for any empty bag to stand upright.” He remembers his early days of life in one of his letters to Samuel Mather, on May 12, 1784. He writes: “It is now more than 60 years since I left Boston, but I remember well both your father and grandfather, having heard them both in the pulpit, and seen them in their houses. The last time

I saw your father was in the beginning of 1724, when I visited him after my first trip to Pennsylvania. He received me in his library, and on my taking leave showed me a shorter way out of the house through a narrow passage, which was crossed by a beam overhead. We were still talking as I withdrew, he accompanying me behind, and turning partly towards him, when he said hastily, “Stoop, stoop!” I did not understand him, till I felt my head hit against the beam. He was a man that never missed any occasion of giving instruction, and upon this he said to me, “You are young, and have the world before you’ stoop as you go through it, and you will miss many hard thumps.” This advice, thus beat into my head, has frequently been of use to me; and I often think of it, when I see pride mortified, and misfortunes brought upon people by their carrying their heads too high.” Such a man of extraordinary character and vision could not gain wisdom by sitting idle and dreaming on wild days. He earned all his achievements through hard labor and persistent struggle. How he had covered his distance from his hometown to Philadelphia while running away from his home could be easily judged and understood by this account of an article writer on his book, Franklin Benjamin- An Autobiography: “Running away was illegal. In early America, people all had to have a place in society, and runaways did not fit in anywhere. Regardless, Ben took a boat to New York, where he hoped to find work as a printer. He didn't, and walked across New Jersey, finally arriving in Philadelphia via a boat ride. After debarking, he used the last of his money to buy some rolls. He was wet, disheveled, and messy when his future

wife, Deborah Read, saw him on that day, October, 6, 1723. She thought him odd-looking, never dreaming that seven years later they would be married.” Benjamin after successfully establishing his own printing press which was so rare in those days in America, which was infested with slavery, hardship and penury, brought his own newspaper, The Pennsylvania Gazette. He also wrote many articles under aliases. His newspaper soon succeeded in attracting attention of people, and it became a most sought after reading material among the learned men. He was one of the first editors, who printed political cartoons authored by him. He hasn't earned reputation and rewards only as a writer of par excellence but as one of the founding fathers of the United States of America. His autobiography portrays a fascinating picture of America, through his shrewd observations on the literature, philosophy, religion and its colonial and revolution periods. He wrote the first five chapters of his autobiography in England in 1771, and resumed again, thirteen years later (1784-85) in Paris, and later in 1788 when he returned to the United States. He ended the accounts of his life in 1757 when he was 51 years old. This great masterpiece of literature was written in eighteen long years. And it truly surprises many that how a book which was written some two centuries back could still be a good book to read and admire. I salute this man of art and vision with an open heart and deep feelings.n

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retail

Delhi

A Preferred Market For Global Retailers

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ew Delhi achieved more new entries compared to other South East Asian markets such as Bangkok, Kuala Lumpur and Jakarta.

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retail

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ccording to CBRE’s new Retail Hotspots in Asia Pacific report, New Delhi witnessed the entry of 13 prominent global retailers in 2012 as compared to 27 in Singapore and 51 in Hong Kong. Hong Kong, Japan and Singapore top the list of cities for new retailer entries across Asia Pacific. However, New Delhi achieved more new entries compared to other South East Asian markets such as Bangkok, Kuala Lumpur and Jakarta and has been characterised as an emerging retail market in Asia-Pacific, similar to the likes of Beijing, Shanghai and Ho Chi Minh City. In tracking new store openings by retailers entering a market for the first time, CBRE, a leading commercial real estate services firm, has found that while established locations witness steady expansion, maturing/emerging markets are seeing a steady increase of activity, especially in tier II cities in China and Southeast Asia. Anshuman Magazine, CMD, CBRE South Asia Pvt. Ltd. says, “International retailers from across the globe are slowly but surely looking at India as a mature and viable market to expand their business. With Asia Pacific continuing to lure international and domestic retail chains, India is poised to witness a retail revolution. With the government permitting FDI in multi-brand retail, we can expect more international retailers to seriously consider the growing consumer base here.” The Indian market as a whole is anticipated to see the number of new retailer entries increase further following the gov-

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ernment’s move to permit foreign direct investment (FDI) in multi-brand retail, which should herald the entry of foreign supermarket chains. In examining new entrants by sector, ‘luxury and business’ retailers accounted for the highest portion (26%) in Asia Pacific in 2012. This was followed by ‘mid-range’ fashion accounting for 18%, along with ‘specialist clothing’ (13%), ‘coffee and restaurants’ (13%) and ‘value and denim’ (11%). In overall terms, new store openings for mid-range fashion retailers are now expanding at a faster rate compared to their luxury counterparts. “Given Asia’s young demographics and propensity to use technology to increase fashion knowledge, along with the growing buying power of its emerging middle class, we are seeing an increased demand for mid-range stylish fashion,” said Sebastian Skiff, Executive Director, CBRE Retail Asia. “This represents a significant opportunity for more affordable brands across the region, especially in China.” EMEA Retailers were collectively the most active in entering new markets in 2012. At a country level, retailers from the United States led the pack with 70 new entries, almost double those of the next best placed country, France (38).Despite a lack of new prime retail supply in many established markets, new retailer openings, especially from international mid-range, value and denim retailers, are expected to continue at a steady rate across Asia Pacific for 2013. n


Expanding The Footprint The Asia Pacific economy continues to be relatively resilient and outperform other regions, due mainly to strong growth in South East Asian markets. The growth of the region’s retail sector has been particularly impressive in recent years. According to Canadean’s The Future of Global Retailing to 2016, the Asia Pacific retail market is now the world’s largest, with regional retail sales rising from US$3.2 trillion in 2006 (31% of the worldwide total) to US$3.8 trillion in 2011 (41% of the total). Asia Pacific is expected to account for just under half of the world’s total retail sales by 2016. Despite slower economic and retail sales growth in 2012, Asia Pacific continues to lure retail chains looking to capitalise on its young demographics, growing middle class and rising incomes. Tourism flows have also been a significant contributor to retail sales growth, with outbound tourists from China accounting for a large portion of retail sales across the region, particularly in Hong Kong. These drivers and others are prompting major retailers to further expand their footprint across the region and are also luring a steady flow of new market entrants. To examine the expansion of international retailing in more detail, CBRE has tracked and analysed the extent to which retailers have expanded their operations outside their own market by tracking new store openings by retailers entering a market for the first time. We classified cities as “established” markets or “maturing/emerging” markets. Although several markets have characteristics that could place them into either category, those cities with the fastest historic and expected future rates of personal income growth have been identified as “maturing/emerging” markets. This is because of the high likelihood that they will continue to see significant changes in the

structure and size of their retail market. Furthermore, we categorized retailers by sector and identified their home market to determine which “types” of retailers were entering new markets and from where.

Retailer Category Classification: l

Coffee & Restaurants: includes fast food, restaurants, confectionary retailers and coffee shops. l Consumer Electronics: includes computing, phones, other electronics and electrical retailers. l Homeware & Department Stores: includes DIY, department stores and furniture retailers. l Luxury & Business Fashion: includes any luxury retailers from all areas of retailing, including men’s and women’s luxury clothing/footwear, jewelry and business clothing retailers. l Mid-range Fashion: includes men’s and women’s midmarket and casual fashion retailers. l Other: includes all other types of retailers including chemists, pet stores, books, music and DVD retailers. l Specialist Clothing: includes general (as opposed to luxury) footwear, underwear, sportswear, children’s wear and accessories retailers. l Supermarkets: includes multiple grocery/convenience stores, supermarkets and hypermarkets. l Value & Denim: includes value and discount clothing, and denim retailers. This report aims to identify the markets that have been the most successful in attracting retailers. n

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retail Top Cities for New Retailer Entries It remains clear that retailers continue to look for opportunities to grow their store network outside their home market. Crossborder activity involving new retailer openings in Asia Pacific reflect the fact that he region continues to witness steady expansion from global and regional retailers. Hong Kong remains a key destination for many retailers and was ranked #6 in CBRE’s How Global is the Business of Retail 2012. Rising demand and rents in the city have been largely driven by strong spending from mainland Chinese visitors, prompting retailers – particularly those in the cosmetics, luxury brands and jewelry

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sectors – to seek a greater presence in key shopping districts. However, the supply of prime space remains tight. evertheless, Hong Kong and other "established" locations including Singapore and Tokyo continued to lead the rest of the pack in terms of the number of new retailer entries in 2012. However, so called maturing/emerging" markets also witnessed an increase in activity. This trend is particularly prevalent in China, where tier II cities such as Wuhan, Shenyang and Nanjing are firmly on the radar of international retailers that are already established in Beijing, Guangzhou and Shanghai.


New Retailer Entries by Retailer Origin CBRE’s How Global is the Business of Retail 2011 revealed that American retailers were expanding aggressively into new markets, a trend that continued into 2012. Retailers from the United States accounted for 70 new entries across Asia Pacific in 2012, almost double those of the next best placed country, France (38). Retailers from

within Asia Pacific have also been active, led by Japanese (36) groups in the value and denim, coee and restaurants, and homeware and department store sectors. There has also been activity from Korean retailers in the latter category and the consumer electronics sector, and by Chinese groups.

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retail Top Cities for New Retailer Entries In terms of new entrants by sector, luxury and business retailers (26%) continued to account for the highest portion in Asia Pacific in 2012. However, with most of these groups already having a firm presence in established cities, many are turning their focus towards opening new stores in emerging locations. In overall terms, their portion of new openings is shrinking as other sectors such as mid-range fashion (18%) expand at a faster rate. Coee and Restaurants (12%) is another growth sector as international and regional F&B retailers expand to meet consumer demand for experience and entertainment-based retail, with this sector having a particularly strong focus on Australia, India, Singapore and emerging cities in China.

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New Retailer Entries by Sector & City Maturity Luxury and Business fashion retailers accounted for the largest number of new market entries in 2012 in both established and maturing/emerging cities. Many of these retailers have already opened stores in established cities and are now focusing more on emerging locations. This trend is most noticeable in China, where new retailer entries from this sector were lower in

tier I (6) vs. tier II and tier III (21) cities. Emerging markets in Southeast Asia – particularly Vietnam, Indonesia and Thailand – recorded solid retail sales during 2012 due to robust domestic consumption. The likes of Ho Chi Minh City (15), Bangkok (8), Kuala Lumpur (8) and Jakarta (6) all saw a steady flow of new entrants over the course of the year seeking to tap into this demand.

New Delhi (13) also welcomed the entry of several new retailers during 2012. The Indian market as a whole is anticipated to see the number of new retailer entries increase further following the government’s move to permit foreign direct investment in multi-brand retail, which should herald the entry of foreign supermarket chains.n

Outlook Asia Pacific will continue to drive global retail growth in 2013, but slower economic growth, rising inflation and regulatory hurdles all pose significant obstacles for retailers planning to expand. In some sectors, international retailers will face stronger competition from emerging local brands, whilst the growth of online retail may also eat into their market share. In some markets, retailers from overseas may find it challenging to adapt to local consumer preferences and will need to reassess and refine their product offering in order to succeed. The lack of new prime retail supply in many established markets may also limit expansion in such locations, with the likes of Hong Kong, Tokyo and key cities in China all recording very low vacancy in core areas. Indeed, retailers in the region frequently cite a shortage of appropriate good quality units as the key factor limiting their expansion, they would be opening more stores if the right space was available. New retailer openings in Asia Pacific are nevertheless expected to continue at a

The lack of new prime retail supply in many established markets may also limit expansion in such locations, with the likes of Hong Kong, Tokyo and key cities in China all recording very low vacancy in core areas. steady rate over the course of 2013, particularly from international value and denim retailers targeting emerging markets and also from Japanese and Korean groups. Australia will emerge as a major focus, with a number of big department store and mid-range fashion openings scheduled for this year.

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technology

Nokia Asha 501 Another feather added to Asha series

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okia the Finnish handset manufacturer is very much focused on the feature phone market in India. And keeping this in mind the company has launched its new Asha phone the Nokia Asha 501. The phone runs on the latest version of Symbian 40 operating system. It comes with a 3-inch TFT capacitive touchscreen with the resolution of 240x320 pixels. It also offers dual SIM (GSM+GSM) functionality. It consists of 64MB of RAM and 128MB

internal memory which can be further expanded up to 32GB via microSD card. The device boasts 3.1-megapixel rear shooter for making videos and taking photos. The onboard connectivity options include GPRS, EDGE, WiFi and Bluetooth. Like most of the Nokia devices this one also comes with various colour options and you can choose your colour from Cyan, Yellow, Red and Green. The price of the device is not yet disclosed by the company but markets expect it to be in the vicinity of Rs 6,000. n

Micromax Canvas Music A88 The musical Canvas

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n a small time frame Micromax has launched an array of products in its Canvas series. The latest to join the family is the Micromax Canvas Music A88. The device will provide the users with unlimted music which can be downloaded through the MLive. The company has also tied up with the audio brand JBL and will be offering the JBL tempo headsphones with the device. The Canvas music runs on Android Jelly Bean operating system and is powered by 1 GHz dual core MediaTek MT6577 processor. It comes with a 4.5-inch TFT multi-touch capacitive display with 854x480 pixels resolution. On the memory front the smartphone offers 512MB RAM and 4GB internal memory which can be expandable up to 32GB via microSD card. The Canvas music is equipped with a 5.0-meagapixel primary camera with LED flash and a 0.3-megapixel secondary camera for video calling. Like all the previous Canvas devices this one also comes with dual SIM capability. The connectivity features of the device include 3G, WiFi and Bluetooth. For the smooth functioning of the device it comes with a 1,800 mAh battery. The company has priced the Canvas Music A88 for just Rs 8,499 which is an amazing deal as you get the handsets for free. The device will be available in two colour options Black and White. n

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Panasonic P51 First smartphone from Panasonic Panasonic has made its entry to the smartphone market with its P51 smartphone. The device comes with a 5-inch IPS capacitive display with a resolution of 720x1280 pixels. The display of the device also features Dragon Trail Glass from Asahi which makes it scratch and dust resistant. It also bears an oleo- phobic coating to keep away finger prints and smudges. The company assured that the Dragon Trail Glass is as capable as Corning Gorilla glass. It runs on the latest version of the Android 4.2 Jelly Bean operating system. Powering the device is the 1.2 GHz MediaTek quad core processor. The smartphone

offers 1GB RAM and 4GB internal memory which can be further expanded to 32GB through a microSD card. The device boasts an 8.0megapixel rear camera with autofocus and flash, while the 1.3-megapixel front facing camera facilitates video calling. The connectivity attributes of the device includes 3G, Wifi, GPS, GLONASS and Bluetooth. The phone also offers dual SIM capability. The device also houses a powerful battery of 2,500 mAh. The company has priced the device for Rs 26,990. It will also be launching some more products in this series in the months to come. Panasonic has also joined forces with Jaina Marketing for marketing, distribution and customer support for Panasonic P51 and all the other smartphones. n

HTC desire P After One, it’s the desiring P

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TC will soon be launching a the mid range smartphone the HTC desire P. Tasting the success HTC One the flagship, now the company is shifting focus on the mid range. The HTC desire P has a 4.3-inch Super LCD2 display with 480x800 pixel resolution. It runs on Android 4.1 Jelly Bean operating system accompanied by HTC sense. The device comes powered by 1 GHz dual core processor with QSD8250 chipset. The HTC Desire P boasts an 8.0-megapixel autofocus rear camera with LED flash and WVGA high resolution recording facility. On the memory front the device offers 786MB RAM with 4GB internal storage expandable through a microSD card. The connectivity features of the device include WiFi, Bluetooth, GPS with GlONASS and USB connectivity. For good quality sound it has the Beats audio and to keep the device going it comes with 1,420 mAh battery. The phone comes with two colour options to choose from White and Red. n

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automobile

Dream Neo, Dio and Yuga

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iming to increase its market share in the volume-driven commuter segment in India, Honda Motorcycle & Scooter India (HMSI) recently brought in its “most affordable” two-wheeler in the country -- Dream Neo, priced at Rs 43,150. HMSI is the Japanese auto major Honda’s wholly-owned subsidiary and its 110cc scooter 'Dio' was its lowest cost two-wheeler so far in the country at Rs 44,718. Developed specifically for the Indian customers, the new model is powered by a 110 cc engine and the company claims that it will give a mileage of 74 km per litre of petrol. The Dream Neo uses a carburetor-fed, four stroke, single-cylinder engine that is equipped with the company’s latest Honda Eco Technology (HET). This technology incorporates improved combustion, a cleaner spark thanks to a Nickel-plated spark plug and optimised inlet ports. HET also uses lower tension piston rings, improved oil seals and lighter engine components to reduce friction. This technology is targeted at improving fuel efficiency. HMSI's another mass segment bike 'Dream Yuga' with an 110 cc engine is the cheapest bike

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that is available between Rs 45,101 and Rs 48,619 (ex-showroom, Delhi) as per its official website. Honda's erstwhile two-wheeler joint venture partner and the market leader Hero currently sells its cheapest motorcycle 'HF Dawn' at a starting price of Rs 36,600 (ex-showroom, Delhi). Earlier this year, Honda's compatriot Yamaha had said it is working towards rolling out the world's cheapest motorcycle, priced at around USD 500 from India with setting up of its fifth global research and development centre here. Yamaha had said India will become the global hub for development of low-cost bikes, which will be exported to other countries in Africa and Latin America.

Amaze in India

Honda Motor Co also launched its much-awaited entry level sedan Amaze in the Indian market, which is likely to give a tough competition to market leader Maruti Suzuki’s Swift Dzire, with prices starting from Rs 4.99 lakh. The Amaze is the first model from Japanese auto major’s stable to be available in a diesel variant. It is available in petrol version as well. While the petrol version will be available in a price range of Rs 4.99 lakh to Rs 7.50 lakh, the diesel car is priced between Rs 5.99 lakh and Rs 7.60 lakh (prices are ex-showroom Delhi). Terming it as their “most strategic model” in the Indian market, Honda Motor Company

Managing Officer Yoshiyuki Matsumoto said the car has been developed with strong focus on Indian requirements. The new model will give a stiff competition to Maruti Suzuki's Swift Dzire, which is currently the market leader in the segment. Dzire is priced between Rs 4.92 lakh and Rs 6.74 lakh for the petrol option and between Rs 5.99 lakh and Rs 7.5 lakh for the diesel variant. Prices for both the variants are as per the company's official website and for ex-showroom Delhi.The Amaze diesel option is powered by a 1.5 litre engine and the company claims that it will give a mileage of 25.8 km per litre. The petrol option has a 1.2 litre engine and the manual transmission has a fuel economy of 18 km per litre, while the automatic one is claimed to run 15.5 km in every litre. The model is being manufactured at the company’s facility in Greater Noida, with localisation level of more than 90 per cent. The entry level sedan qualifies for the excise duty benefit, enjoyed by small cars in India. At present, any car with a petrol engine capacity under 1,200 cc or diesel engine under 1,500 cc, but length shorter than four metres, attracts an excise duty of 12 per cent.n

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event

Noida’s First Ever

Mercedes-Benz Dealership he new dealership was inaugurated by Mr. Eberhard Kern, Managing Director and CEO, MercedesBenz India and Mr. Rajiv Gambhir, Director, Silver Arrow Automobiles Pvt. Ltd.

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ontinuing its growth, Mercedes-Benz India announced the launch of its world class facility “Silver Arrows” in the burgeoning city of Noida. Conveniently located near the DND toll bridge at Sector 8, Noida, the new facility is spread over an area of 42,000 sq. ft. The new dealership was inaugurated by Mr. Eberhard Kern, Managing Director and CEO, Mercedes-Benz India and Mr. Rajiv Gambhir, Director, Silver Arrow Automobiles Pvt. Ltd. Mr. Eberhard Kern, Managing Director and CEO, Mercedes-Benz India stated, “The launch of our state-of-theart dealership in Noida is of much significance as we aim to provide the fascinating experience of owning the prestigious Three Pointed Star to our customers. With its world class infrastructure and the promise of service akin to our brand philosophy ‘Best or Nothing’, we are certain that Silver Arrows will address the needs of our discern-

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ing customers who look up to brand Mercedes-Benz.” Mr. Rajiv Gambhir, Director, Silver Arrow Automobiles Pvt. Ltd. commented, “Silver Arrows will display a full range of fascinating Mercedes-Benz cars and our service station can service up to 14 cars a day and take care of all the requirements of our discerning customers. This facility adheres to the globally benchmarked standards of Mercedes-Benz and we are delighted to offer to our patrons the delightful Mercedes- Benz vehicle ownership experience.” The top-notch service center at Silver Arrows is spread over a 20,000 sq. ft. and employs 26 highly skilled personnel. With 14 productive bays and a capacity of servicing up to 14 cars a day this will allow round the clock support. The workshop is equipped to undertake general repairs, accident jobs, body paint, spares and maintenance work.n


Bollywood Comes Forth To Save Water!

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n light of the recent drought condition and unprecedented water scarcity across India, various celebrities from Bollywood have come together to take a national pledge of ‘Pani Bachao Life Banao’ while supporting leading radio network 92.7 BIG FM, who has initiates this national water conservation campaign. Believing that small changes will bring about a larger impact in the society, the big-wigs from the Bollywood and entertainment fraternity has come together urging their fans and audiences to follow some of the most basic measures of water conservation at home for the nation’s benefit. Here are some of the guidelines and measure that B-town shared with 92.7 BIG FM that they believe can help the water crisis in the country: Anupam Kher- “We should not waste water. Just because we get water 24x7 through our taps whenever we need it, it doesn’t imply that there is no water scarcity issue in the country. I would definitely request people to conserve water in the country because it is an essential commodity. Every drop of water is useful and hence we should not waste it. At a personal level, I have adopted various basic measures in my daily routine to save water. For instance, every time I brush my teeth, I ensure I shut the tap when not in use. Apart from this, while taking a bath, I use a bucket instead of the shower; it serves as a good exercise as well.” Arjun Kapoor- “There are many ways to save water at home. I would sug-

gest people to take a bath only once in a day, wash your car once or twice in a week and keep the tap closed while shaving your beard or brushing your teeth to avoid wasting water especially in a state like Maharashtra that is facing the worst drought condition yet.” Arjun Rampal- “Our Government should put up more water reserves for rain water harvesting to facilitate water conservation. Also we, as citizens, should consume as little water as possible by adopting simple measures in your daily routines to save water, such as, use water in buckets instead of showers for bathing purposes.” Neha Dhupia- “I request people to follow basic guidelines to saving water at home, such as, closing taps when not in use while brushing teeth, and keeping the shower off while applying soap.” Preity Zinta- “I would like to ask everyone to “Pani Bachao, Life Banao”, since water is very essential in our day-to-day lives. With the country facing the worst water scarcity issue and drought condition so far, it’s important for us to save water in every possible way like, don’t waste water while taking a shower or brushing your teeth, adopt measures to save rain water for better use later.” Ranbir Kapoor- “It has become the need of the hour to save and conserve water, I would request my fans to save water starting at the very basic level, like not wasting water during routine tasks.” n

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event

KDP Buildwell Performs

Bhoomi Poojan

The auspicious moment was graced by the presence of known Bollywood stars and prominent public figures.

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DP Buildwell, a premium real estate developer performed bhoomi poojan at its project MGI Maple in Govindpuram, Ghaizbaad. MGI Maple is a residential project with the investment of around 150cr which offers premium lifestyle living at affordable prices. As a part of its inclusive growth in NCR, KDPMGI has been developing housing projects and in continuation of this tradition, the newest offering “MGI Maple” will help in delivering the dream homes to the aspiring buyers from Ghaziabad and nearby areas at an affordable price. The project is spread over an area of approx 2 acre and will have 350 units. The price of per unit will start from Rs 3250/ sq. ft (all inclusive). Manoj Goyal, CMD, KDP Buildwell Pvt. Ltd., said, “The aspir-

ing buyers from Ghaziabad and nearby areas who are looking for a dream home in the close vicinity for them MGI Maple is the best address. MGI Maple will offer best in class luxury lifestyle at an affordable price which would be difficult for any developer to offer. In our latest offering we will live up to the quality that we have maintained so far in all other projects. The project is strategically located which brings Railway Station, Bus Stop, Shopping Malls and Food Courts in a 4 to 5 kms well in the reach’. The bhoomi poojan was followed by live music and performance by the Bollywood stars like Hrishita Bhatt, Nilanjana Bhattacharya, Anjana Sukhani, Harish Kumar, Ashutosh Kaushik, Director Anil Sharma and Anand Kumar. n

Mr. Manoj Goyal , CMD KDPMGI with film director Mr. Anil Sharma, Actress Hrishita Bhatt and others Mr. Hariom Tyagi, Editor, Observer Dawn and Mr. Manoj Goyal, CMD KDPMGI

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Mr. Manoj Goyal , CMD KDPMGI with film director Mr. Anil Sharma, Actress Hrishita Bhatt and actor Mr. Harish Kumar and others on the occassion of Bhoomi Poojan of MGI Maple

Mr. Manoj Goyal , CMD KDPMGI with SP Leader Sudhan Rawat

KDPMGI Team welcoming to Mr. Madan Chauhan, MLA, SP

Mr. Hariom Tyagi, Mr. Anil Sharma, Film Director, and Mr. Kashif Usmani, President, AMR

Mr. Manoj Goyal (at the center), presenting bouquet to actor Mr. Harish Kumar June 2013

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real event estate

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he May 18th evening saw the presence of the who’s and who of the glittering world and political stalwarts at Hotel Taj Palace, Dhaula Kuan, on the occasion of the wedding of Mr. Mohit Arora, Director, Supertech Limited with Ms. Parul Anand, Daughter of Lt. Rajesh Vir Anand & Ms. Sona Anand. The proud father, Mr. R.K. Arora, CMD, Supertech Limited and mother Mrs. Sangeet Arora gave blessings to the newlywed couple. The marriage was arranged in a Punjabi tradition where both the bride and groom tied nuptial knot and took vows around the sacred fire.

Hundreds of guests that included the known faces such as Bhagat Singh Khoshiyari, Amar Singh, Salman Khurshid, Rajeev Shukla and Prabhu Chawla were present to wish the couple on the beautiful day of their lives. The week long celebrations were started on May 11th with a Cocktail party followed by Dinner. The celebrations also had ceremonies of sagan and sangeet. A sizeable number of guests were present on both the occasions to make it special. The culmination of the festivity took place with the reception ceremony at Noida Expo Centre on 20th May. n

Blessed be the Royal Couple

Mohit and Parul

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Mr. Mohit Arora(in barat) entering the venue

Mr. R.K Arora, Chairman & Director, Supertech Ltd. welcoming the guests at his son’s wedding

From L To R: Mr. Prateek Anand (Mr. Mohit Arora’s brother-in-law), a guest, Mr. Mohit Arora, Director, Supertech Ltd., Ms. Soma Anand (Mr. Mohit Arora’s mother-in-law) and Ms. Sangeeta Arora (Mr. Mohit Arora’s mother & JMD of Supertech Ltd.)

From L To R: Mr. Hariom Tyagi, Editor, Observer Dawn, with Mohit and Parul June 2013

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desk news Workshop for Eicher Brand

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E Commercial Vehicles Limited (VECV) a Volvo group and Eicher Motors JV inaugurated the modern, state of the art workshop for Eicher branded trucks and buses in Kathmandu to provide aftersales support its rapidly growing customer base in Nepal. The new Eicher workshop and parts distribution centre is located in Gatthaghar, Kathmandu. The workshop has a modern equipped set up of 12 bays spread over 90,000 square feet with modern tools and equipment. The service personnel have been trained at the Eicher competency development centre (CDC) in Pithampur, India. The central sales office of the dealership is well established in Gairidhara, Kathmandu. The dealership is managed by Batas group, a renowned corporate house with 40 years of business history. The group is headed by Mr. Ananda Raj

Batas, Chairman and Mr. Santa Raj Batas, Group CEO who is also an engineer from National Institute of Technology, Nagpur. The dealership operations are managed by Mr. Deepak Thapa and ably supported by a team of seasoned professionals who have rich knowledge and experience of the commercial vehicles industry.n

Harley-Davidson Assistance Programme

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arley-Davidson owners across the country now have another reason to enjoy every kilometer of their riding experience with the new Harley-Davidson Road-

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side Assistance Program. Launched in association with INDIA ASSISTANCE, a 100% subsidiary of leading international assistance company MAPFRE ASSISTANCE, the new roadside assistance program from HarleyDavidson India provideson-road assistance support to registered Harley-Davidsonowners in all nine dealership locations across the country. “As a brand built around the customer, Harley-Davidson is committed to providing ourriders with a superior ownership experiences. With the team at INDIA ASSISTANCE, It is now offeringa menu of important services, 24x7 support, and trucks that can safely and efficiently tow our entire model line-up. The roadside assistance program provides a sense of safety and comfort to our customers who can now cruise Indian roads with greater peace of mind.n


Just Dial IPO Subscribed 12 Times

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ndian search engine Just Dial’s IPO was subscribed by 12 times as the issue closed today. With the SEBI’s new move to provide for a safety net for retail subscribers, coupled with a

10% discount, the segment saw a huge rush. Analyst Arun Kejriwal of KRIS said the rush from retail investors clearly proved that the safety net and the discount provision have worked well. Under the safety net, promoters will buy back the shares from retail subscribers if the market value falls sharply within six months of listing. The Retail portion of the issue was subscribed three times, QIB segment over ten times and the HNI portion over 22 times. The IPO that targeted to raise Rs 950 crore, with a face value of Rs 10 per equity share, had a price band of Rs 470Rs 543. Citigroup and Morgan Stanley are the book-running lead managers to the issue and Justdial plans to list on the BSE, NSE and MCX-SX. Just Dial has already mopped up over Rs 208 crore through issue of shares to anchor investors, including Goldman Sachs and HSBC.n

Garmin to Consolidate Its Position

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armin Corporation, a unit of Garmin Ltd., the global leader in satellite navigation, cemented their reach in the Indian PND market with the launch four new products. The four PNDs -- nüvi 42LM, nüvi 52LM, nüvi 2460 LM and nüvi 2568 LM – will help Garmin consolidate its position as it has maximum number of PNDs by a company in Indian market.The prices of the four devices are kept at Rs 8990, Rs 9990, Rs 13990 and Rs 16990 respectively. The latest launch took place exactly one year after the launch of cost effective nüvi 40LM,nüvi 50LM. “With the launch of these devices we are ensuring that people should get the world class experience in navigation. Being a company which has reached a

mark of selling more than 110 million products, we take it as our responsibility to constantly upgrade our products and this is an attempt in that direction,” says Tony An, Sales and Marketing Director, Garmin Corporation.n

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desk news Symphony Wins India Design Mark

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ymphony Limited, the world leader in air cooler manufacturing, has recently won India Design Mark for best design of its Diet 22i air cooler. Symphony bagged this prestigious India Design Mark through a systemised process wherein a highly qualified jury of 19 outstanding experts observed and found the distinguished features of designing in Symphony’s Diet 22i as the best in class and warded this mark. India Design Mark is granted by India Design Council - an autonomous body, established by the Government of India, functioning under the aegis of Department of Industrial Policy & Promotion, Ministry of Commerce & Industry. India Design Mark recognizes and evaluates good design through a systemized process. It constitutes the India Design Mark logo that reflects the virtues of good design, which can be used as a

symbol of distinguished excellence of the product. On getting the recognition by Indian Design Council, Mr. Achal Bakeri, Chairman and Managing Director of Symphony Limited said, “This Indian Design Mark for our product is a reward on the constant efforts put after design and innovation at Symphony Limited.”n

Oberoi Garden City Gets Award

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beroi Realty, one of India’s leading real estate development companies focused on premium developments, has been awarded for its flagship

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development – the ‘Oberoi Garden City’ as the “Integrated Township of the Year” by Realty Plus Excellence Awards 2013 – at an award function held at the Trident, Bandra Kurla, Mumbai on Wednesday, May 22, 2013. Commenting on the company’s achievement, Mr. Vikas Oberoi, Chairman and Managing Director, Oberoi Realty, said, It is a great honour for us to have won the award for our flagship development - the Oberoi Garden City. Through this development we aim to provide a holistic living experience that fulfils the customers’ live, work, play and other lifestyle needs all in the same location. This recognition is a testament to our efforts across all our projects and will continue to keep us motivated to create spaces that enhance the quality of lives of our homebuyers.n


Noida Pushes Infrastructure

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oida Authority gave nod to seven road infrastructure projects to ease traffic flow. The move is to upgrade road infrastructure and makeover plans include four underpasses, two elevated roads and a flyover. Detailed Project Re-

ports of several infrastructure projects were also reviewed. One of the elevated roads will be along Master Plan Road-II between Film City and the Uflex crossing with a cloverleaf at the City Center crossroads. “The 6km road is proposed to start from Vishwa Bharti School (Sector 28) and link Shopprix Mall (Sector 61) with an exit at City Center (Sector 32),� said Rajeev Kumar, chief project engineer. Commuters use the stretch to reach Ghaziabad via NH-24 and East Delhi. The second elevated road is proposed to be constructed near the Dadri-SurajpurChalera (DSC) road. This 5.5km road will be of six lanes and connect to a flyover near Bhangel. The elevated road projects had been shelved last year by the former CEO of Noida Authority, Sanjeev Saran, who had reasoned that making roads signal-free through construction of underpasses was more economical than building elevated roads.n

Bhartiya City Gets Covetous Glory

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hartiya City has added another feather to its cap as it has been honoured with the 2013 Realty Plus Excellence Award during the 5th Realty Plus Excellence Awards 2013 ceremony. The Award was received by Mr Sasi Medathil, CEO of the Bhartiya Group in a glittering ceremony held in Bangalore last week. Realty Plus Excellence Award is one of the most prestigious awards in India and Bhartiya City, the 125-acres integrated city near Hebbal in Bangalore and envisioned as the largest development of its kind within metro limits in India, won this Award under the category for the Debutante of the Year 2013 - South.

The rationale behind the Realty Plus Excellence Awards 2013 is to honor Real Estate Developers, Realtors, Architects and other Stake Holders for their contribution tothe Indian Real Estate sector in 2012.n

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desk news Demand for Nikoo Homes Rises

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hartiya City, an integrated city spanning 125-acres near Hebbal in Bangalore and envisioned as the largest development of its kind within metro limits in India, is all set for the Release III of Nikoo Homes. Designed for a wide spectrum of Indians, Nikoo homes contain apartments, cosy studios, luxurious lofts and sky villas among ten other housing options priced between Rs30 lakhs and Rs 2 crores. Having started the construction, ReleaseIII is set to commence for the much-in demand Nikoo Homes. Fuelled by the overwhelming response to Release-I of 800 apartments, Bhartiya City released another large batch of apartments early this year. This was also sold out quickly owing to the unabated interest from discerning homebuyers, setting new benchmarks in the real estate

market in Bangalore. At Bhartiya City, the current development of Nikoo Homes has over 2000 apartments spread over 10 towers. Designed and planned by renowned architects, these design led homes seek to present new standards in good urban living.n

Indian Realty Award(IRA) of Excellence to Finlace

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n recognition to its tremendous contribution, Noida-based Finlace Consulting was conferred Award of Excellence by IRA. Regarded as the most professional broker in NCR, Mr. Pawan Jasuja promoted consultancy is remarkably a one-stop solution for all y real estate needs whether you are hunting for a home of your choice or seeking investment in commercial or residential sector or considering of taking the home loan for investing for buying your dream home. It is the place where you get all information on different projects from different developers on various states of their completion. Consultancy firm basically offers assistance in Delhi and NCR providing best customer care solutions and individual assistance to buyers.n

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Ramprastha Launches PRIMERA

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amprastha Group has launched much awaited premium residential project, PRIMERA in Sector 37D, Dwarka Expressway. Built to match one’s aspiration, the pre-

mium residential project comprises of air-conditioned 3 BHK apartments in two size options. Ramprastha “Primera” presents the perfect opportunity to live in an integrated township, spread over more than 450 lush green acres of land, providing the opportunity to be close to the nature in a pollution free environment. Speaking on the occasion Mr. Nikhil Jain, CEO, Ramprastha Group, said, “Dwarka Expressway is the fastest growing real estate destination in Delhi/NCR with excellent connectivity to both Delhi & NH8. The project, worth Rs. 600 crores, will be a part of the 450 acre integrated township, Ramprastha City.” The lavish township provides 3 BHK fully air conditioned apartments strategically designed to allow the maximum amount of fresh air and natural sunlight to flow into the room. The distinctive design of the units allows residents to enjoy the warmth of the sunlight throughout the day.n

RBS’ New Initiative in India

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BS Financial Services, a part the Royal Bank of Scotland Group, has announced the launch of Real Estate Services (RES) in India. This new initiative follows on from the launch of Wealth Planning, which was introduced last year. RES is a referral based service which will offer a comprehensive range of real estate solutions to high net-worth (HNW) clients in India. With the new service, in-house Real Estate Specialists will work closely with clients in order to establish their goals and understand their risk appetites. They will then work with the client to guide them to a bespoke panel of real estate service providers,

each of whom would be selected – after diligent analysis – on the basis of their skill, market expertise, integrity and professionalism.n

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Price `100, Year 2, Issue June 2013

Observer Dawn June Issue  

Observer Dawn stands for an unbiased coverage as a monthly magazine and is rooted in professionalism and impartial views. Its stories/artic...

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