SPR 360˚ | JUNE 2019 | Edition - 011

MONTHLY NEWSLETTER FOR SPR HIGHLIVING INNER CIRCLE

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www.sprhighliving.com

IS 2019 THE RIGHT YEAR TO INVEST IN CHENNAI REAL ESTATE? FIND OUT MORE

INSIDE THIS ISSUE: Construction progress across multiple SPR projects SPR announces first ever trade awards - MOITA Market of India receives overwhelming response in Coimbatore MOU signed between SPR and CAA

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SPR organizes a safety week for its workforce

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INDEX 03

From the MD’s Desk

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Is 2019 the right year to invest in Chennai real estate?

PROJECT PROGRESS REPORT 06

Tower A

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Tower B

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Tower H

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Shri Ram Universal School

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Origine: Bungalow development

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Market of India

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MOI mockup and non-tower area

HIGHLIVING UPDATES 13

SPR commands a strong presence at Chennaiyil Sondha Veedu Property

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Market of India on wheels – Taking MOI to every trader in the city

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Safety comes first: SPR organizes ‘Safety Week’ towards achieving a Zero-accident zone

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Celebrating womanhood: Women-only party hosted for SPR family

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SPR sets up a new Market of India experience centre in May 2019

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SPR successfully concludes Market of India Trade Meet in Coimbatore

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SPR announces the first ever trade awards MOITA in association with FMMMA

IN THE NEWS 22

100 shops booked by Chennai Apparel Association under an MOU with Market of India

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SPR’s Quiz Corner

Disclaimer: This newsletter is exclusively intended for private circulation only. Sales or multiplication in any way is not allowed without prior written permission. The information and photography presented in the newsletter are subject to modifications. SPR Highliving reserves the right to change it without any preliminary notification. No liability will be accepted for errors or misprints.

Published by SPR Highliving, Chennai. Compiled, edited and designed by SPR Marketing Team. All correspondence to be sent to marketing@sprindia.com

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FROM THE MD’S DESK The outlook for real estate in 2019 has never looked

progressing at a rapid pace. New batching plants

better. As projected in the estimations earlier on,

and tower cranes have been set up. We’re also

the growth momentum has managed to sustain its

planning on further infrastructural upgrades in the

course. In fact, the landslide victory for the Modi-

coming days. Another one of our luxury residential

led government augurs well for the growth of Indian

development on EVK Sampath Road, Osian One is

real estate, since the government has been credited

ready for handover on 8th September, 2019. The

for bringing in some landmarks measures during

lifestyle masterpiece will include Chennai’s first

its regime such as RERA, GST etc., to stabilize the

international club managed by Elle, a world-class

sector. Added to that, the ambitious ‘Housing for all

gym by boxing legend Evander Holyfield, and a host

by 2022” objective will further gather in strength

of other amenities.

thanks to the political stability and the overall growth of Indian economy. We, at SPR Group, have always

So far, Q2 of 2019 has been quite positive for SPR.

aligned ourselves with the vision of building a

I sincerely thank each one of you for being a part

bigger and brighter future, and as such, we strongly

of our journey and look forward to your continued

believe that our range of revolutionary projects can

support

transform the real estate scene in the country.

I’m pleased to announce that construction work across our properties is in full swing. Recently, Tower B’s final floor slab was casted. This landmark achievement follows only five months after the 36th floor mark was reached in Tower A. Work across bungalows, School, and Market of India is also

Hitesh Kawad

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COVER STORY

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PROJECT PROGRESS REPORT

TOWER A

Construction work is currently in progress in above terrace crown area. Flat, lobby finishing works, external painting, window and main door frame fixes have also been initiated. Main door frame fixing has been completed until the 18th floor.

Waterproofing work upto 34th floor has been completed. MEP 1st fix has been done until 32nd floor.

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PROJECT PROGRESS REPORT

TOWER B

THIRTY SIXTH FLOOR

Final floor (36th floor) slab has been casted and work is now currently in progress. Waterproofing work has been completed upto the 19th floor and MEP 1st fix has been done until the 17th floor.

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PROJECT PROGRESS REPORT

TOWER H Construction work across the Tower-H site is being carried out in full swing. At present, work in the 26th floor has been completed and it is currently underway in the 27th floor.

TWENTY SEVENTH FLOOR

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PROJECT PROGRESS REPORT

SHRI RAM UNIVERSAL SCHOOL There has been considerable progress in the construction work being carried out at the school site. 3rd floor work is in progress across Block A. Above terrace floor work is in progress in Block B, C, D, E and F. Block work has been done in ground and 1st floor, 2nd floor and 3rd floor is in progress.

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PROJECT PROGRESS REPORT

ORIGINE

At the bungalow site, construction work is proceeding at a rapid rate. Currently, in Zone 1 terrace floor work has been completed and block work is in progress. In Zone 2, Terrace floor work and block work is in progress. In Zone 3 and 4, second floor work is in progress. In Zone 5, podium work is in progress.

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PROJECT PROGRESS REPORT

MARKET OF INDIA

Work is in progress in full swing at the Market of India site. Excavation work is nearing completion in Zone A, while in Zone E it has been completed. Raft in basement 2 floor, basement 1 slab and lower ground cellar work is being carried out at a rapid pace in Zone A and E. In the Central Plaza area, excavation work has been completed and raft work in basement 2 floor is underway.

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PROJECT PROGRESS REPORT

MOI MOCKUP Internal & external fabrication as well as wall fixing work have been completed. Finishing work is currently in progress.

NON - TOWER In the basement parking and podium area, construction work is proceeding at a steady pace.

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HIGHLIVING UPDATES

SPR COMMANDS A STRONG PRESENCE AT CHENNAIYIL SONDHA VEEDU PROPERTY EXPO

We all deserve to own the home of our dreams – and we wanted Chennai to have just that! When Chennaiyil Sondha Veedu Property Expo was announced, we knew we had to be a part of it. The event witnessed participation from several prominent residential real estate developers in the city and drew in a large number of interested home buyers.

At the expo, SPR showcased its range of entire residential projects and was well-received by the attendees. Our stall alone commanded a 200+ footfall with customers keen on owning an apartment in Chennai’s tallest towers. There were also quite a number of individuals interested in our greenery-oriented ready-to-move-in project Osian Chlorophyll. Overall, the huge turnout and positive response received ensured a successful presence for SPR at the Expo. We would like to take this opportunity to thank each one of you, who visited our stall at the Expo and made our presence there, a successful one.

MARKET OF INDIA ON WHEELS – TAKING MOI TO EVERY TRADER IN THE CITY

In order to expand the reach of Market of India and take it to the traders in Chennai, a roadshow kicked off in the month of May 2019. The van travelled to all the trade hotspots in the city and featured a complete AV set up and discussion space. The activity was further supported by kiosks in the vicinity and on-the-move promoters on two wheelers.

The endeavour allowed Market of India to expand its reach across every nook and corner of the city and presented an opportunity for us to interact with the trading community at the ground level.

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HIGHLIVING UPDATES

SAFETY COMES FIRST: SPR ORGANIZES ‘SAFETY WEEK’ TOWARDS ACHIEVING A ZERO-ACCIDENT ZONE Mishaps on a construction site are commonplace, however, with

which included a medical and eye check-up camp, Blood donation

the right safety measures in place keeping accidents at bay is not

drive, Safety slogan and drawing competition, a cultural show and also

only possible but also completely avoidable. At SPR, we take safety

a PPE awareness program.

quite seriously. In order to further enhance the safety culture and

The program managed to reinforce the importance of safety and

reiterate the importance of safety to achieve our goal of creating a

emphasised the way forward to avoid accidents on site. With stringent

Zero Accident zone, a ‘National Safety Day/Week Campaign from 04th

measures in place and an equally proactive workforce that follows the

- 09th March’19 was held.

best safety practices, we believe that achieving a ‘Zero accident’ zone

The program kicked off with a Flag Hoisting ceremony, followed by

is not just a possibility, but a reality.

a safety pledge taken by everyone. Mr. Hitesh Kawad, Managing Director, SPR Group, was the first to take to the stage to deliver an informative message on safety measures to be followed on site. Mr. Jawahar C, SPR Group, Mr. Vimal Jain, SPR Group, Mr. Manish. G, SPR Group, Mr. Siva Subramanian, JCC, Mr. Ravi Kumar, Uniqcore, and Mr. Ranganathan, Labour Inspector also shared a few words on safety to the workforce and staff.

A safety skit was carried out by the workforce which highlighted issues and offered preventive tips on “Fall from Height” and “Grinding Work”.

Gifts were handed out to the skit participants in recognition of their efforts. There was also an award ceremony to felicitate the workforce who’ve abided by the best safety practices.

Over the course of the next 6 days, a series of events were organized,

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HIGHLIVING UPDATES

6 DAILY WORKPLACE SAFETY TIPS TO FOLLOW #1 Prevent falls, trips and slips by cleaning up spills, leaks, using platforms, mats, replacing damaged flooring and acting on any troublesome issues right away. #2 Always stay aware of your surroundings. Being constantly on the alert and mindful of the hazards of working in a construction site can avert accidents. #3 Ensure that you take regular breaks when it comes to labour-intensive work. This is essential to prevent a burn out and avoid injuries. #4 Use machines and tools as per protocol. Remember, there are no shortcuts to operating heavy machinery. Follow the proper procedure to prevent the likelihood of injuries. #5 Report dangerous conditions to the management. Always maintain an open channel of communication with the authorities to highlight dangerous working conditions, if any. #6 Ensure all workers wear the proper safety gear that includes hard hats, ear muffs, gloves, goggles, among other equipment.

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CELEBRATING WOMANHOOD: WOMEN-ONLY PARTY HOSTED FOR SPR FAMILY Customer service is the crux of any business. And to us, maintaining a healthy, positive relationship with our customers is of utmost importance.

So when Mother’s Day came around, we decided to do something special for the women who’ve played a crucial part in shaping our success. We hosted a fun afternoon, loaded with wholesome entertainment, fun games, music, dance and food. The event dubbed “Femme Fete” was a roaring success, and witnessed enthusiastic attendance from over 300+ women.

Some of the highlights of the event included a photobooth, tambola, carnival game setup and a kids play area. Prizes were given out to the winners.

Fun and entertainment aside, it also provided an opportunity to meet, greet, interact and share their stories with the rest. Overall, the event was a massive success and was well-received by the attendees. We hope to plan and conduct more such fun events in the near future.

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SPR SETS UP A NEW MARKET OF INDIA EXPERIENCE CENTRE IN MAY 2019 Somethings are better experienced, than explained. No matter the extent of your imagination, seeing is believing and to accomplish that, we decided to set up a dedicated MOI experience centre wherein one could step in to get a glimpse of the various markets and shops that will come up in the wholesale market.

The experience centre was set up as part of the ongoing promotional campaign for Market of India and to provide visitors a chance to gather first-hand insight into the project. There were dedicated stalls set up for each market division, a large AV room for screening of project explainer videos, a massive model designed for easy visualization and other aids to gain an in-depth overview of the market This temporary set up will soon give way to a life-size experience centre that will offer a more realistic view of the market. Currently, this is under construction and will open its doors soon.

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HIGHLIVING UPDATES

SPR SUCCESSFULLY CONCLUDES MARKET OF INDIA TRADE MEET IN COIMBATORE SPR Group successfully concluded first leg of its Trade Meet in Coimbatore on 17th May 2019. The meet was held as a part of the launch of Market of India, India’s largest wholesale market which is taking shape in Chennai, and witnessed attendance from prominent traders, businessmen and entrepreneurs. Prior to this, similar meets have been held exclusively for the benefit of the trading community in Erode and Tiruppur.

Following the successful completion of the first phase of its campaign, Mr. Hitesh Kawad, Managing Director, SPR Group stated, “Market of India has the potential to transform the country into a trade destination and can benefit the traders in growing their business. As such, we are pooling in maximum effort to reach out to traders from all corners of the country. After receiving overwhelming response from traders in Erode, Tiruppur and Coimbatore, we now plan on reaching beyond Tamil Nadu to draw in traders from Surat, Delhi, and other prominent trading hubs in the country” The trade meets received overwhelming response from the textile manufacturers, traders and distributers, with several of them signing Expressions of Interests to become a part of India’s first and largest wholesale market. We now plan on conducting similar Trade Meets for the benefit of traders in other cities which will be lined up in the next few months.

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HIGHLIVING UPDATES TIRUPPUR

ERODE

COIMBATORE

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IN THE NEWS

100 SHOPS BOOKED BY CHENNAI APPAREL ASSOCIATION UNDER AN MOU WITH MARKET OF INDIA SPR signed a Memorandum of Understanding (MOU) with Chennai

traders in the state to tap into the business potential presented by the

Apparel Association (CAA) to set up apparel shops in Market of India. The

global platform that the market offers.”

MOU was signed between Mr. Hitesh Kawad, Managing Director, SPR

SPR Group is the developer behind Market of India, India’s largest

Group, and Mr. Bharat Sarda, President, CAA on 27th May, 2019. The

wholesale market with 5000+ shops and offices. Built to overcome the

MOU signing was held as a part of the ongoing efforts to unite the trade

current trading challenges witnessed in unorganized traditional Indian

industry from different verticals under one roof. Prior to this, a similar

markets, the wholesale centre provides a cohesive marketplace for

MOU was signed between the Bathroom and lighting giant Jaquar Group

business, and is expected to rival the biggest trade centres in China.

and MOI for the setting up of an experience centre at the market.

Providing world-class infrastructure, warehousing, logistics, supply, and

Following the successful signing of the MOU with CAA, Mr. Hitesh

trade ecosystem, Market of India is expected to transform India into a

Kawad, Managing Director, SPR Group stated, “Market of India has the

trade destination and will provide enable traders in India and South Asia

potential to transform the country’s business landscape and is all set to

to expand their business.

become a leading trade destination in the future. Towards this vision,

CAA’s association with Market of India is expected to provide a global

we have been relentlessly working to bring onboard traders from across

opportunity for all its member organizations to expand their business

the country. Today, this MOU between the largest apparel association in

presence and reach. To benefit traders from all corners of the country,

TN and Market of India marks a major milestone in fulfilling the vision of

SPR now plans on forming similar associations with representative

making India one among the top trade destinations in the world, rivalling

organizations from other verticals which will be lined up in the next few

the likes of China.”

months.

In a joint statement, Bharat Sarda, President, CAA and Mr. Ramesh Bisani, Member of CAA said at the event, “Chennai is the largest garment consumer market in the country recording the highest sales of all types of garments. In this hub of textiles, the upcoming ‘Market of India’ is going to be a landmark in itself. This association will ensure that all types of and all stratas of garment manufacturers & retailers will be presented under one roof, and thus will boost business growth in the sector.”

Jadgeesh Sarda of Smart Ventures added, “Market of India will easily be the largest wholesale market in the country. In the near future, it is bound to be the preferred address for global and national brands and businessmen. The association between CAA and MOI will allow textile

AS FEATURED IN:

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Send in your answers to these questions to marketing@sprindia.com.

Three lucky winners with the correct answers will win two free movie tickets each*.

Winners will be announced in the next edition.

1) 1) Which of the following is a part of SPR’s luxury collection? a) Tower H c) Osian One

TAKE THE QUIZ NOW

b) Origine d) All of the above

2) Osian One, Vepery will be ready for handover on‌.? a) 8th September, 2019 b) 8th September, 2020 c) 10th December, 2019 d) 10th December, 2020 3) What is the revised GST rate without ITC for under construction properties? a) 1% c) 5%

b) 12% d) 18%

4) If you are an SPR City resident, which school will be the nearest to you? a) Everwin Vidhyashram c) Shri Ram Universal School

b) KRM Public School d) Don Bosco HSS

5) Do NRI's require permission of Reserve Bank to acquire an independent house in India? a) Yes

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b) No

23 *Reward is subject to change depending on the availability and maybe substituted with one of an equivalent value.

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