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Pw 59

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BI -MONTHLY E-PAPER

BI -MONTHLY E-PAPER

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  • 1. Property World ONLINE RNI No.KARENG/2003/11992- VOL.10- ISSUE.59- BI-MONTHLY, -BANGALORE,27 NOV 2013- - Pages - 4 ,1/-$USD MONEY & RATES HOUSE & GARDEN In Brief Excon 2013-A view of Excon 2013 – South Asia’s biggest construction equipment event held from 20-24 November 2013 in Bangalore. Excon 2013-L–R: Mr R J Shahaney, Past President, CII; Mr Vipin Sondhi, Chairman, Excon 2013 and Mr Chandrajit Banerjee, Director General, CII visiting a outdoor stall at the Excon 2013 exhibition. HOME IMPROVEMENT RELOCATION BUSINESS & FINANCE Vacancy Falls but Cautious MNCs Signal Weaker Demand New Supply Could Spell Attractive Leasing Terms when the rate was 5.8 million sq. ft. Against this background, demand for office space in Asia Pacific weakened—on the heels of cautious occupier sentiment—with net absorption for Q3 totaling 6.7 million sq. ft., the lowest figure recorded since the market began to recover from the global financial crisis in Q1 2010. “Whilst we expect a number of substantial and high profile transactions to be completed during the year, occupier sentiment will generally remain cautious into 2014. MNCs will continue to develop cost-effective occupational solutions—with a particular focus on decentralized areas—and rationalization and consolidation will remain key demand drivers. Leasing activity by domestic corporations will continue to be strong in many Hong Kong, November 2013 – Vacancy rates in the Asia Pacific region dipped in Q3 2013, as few office building completions offset low leasing volume driven by a subdued level of occupier demand, according to the latest report by leading commercial real estate firm, CBRE. The third quarter saw occupiers, with a few exceptions, remain cautious, and this conservative attitude was reflected in the limited volume of leasing transactions. Of the deals that were signed, most involved renewals; expansions were limited. The overall vacancy rate for the Asia Pacific region slightly declined from 9.82% to 9.43% in Q3 2013. Vacancy fell in 11 markets, was flat in eight and rose in another seven. At the same time, only 4.7 million sq. ft. of new office space was completed in Asia Pacific in CONT.ON PAGE 3 CBRE Group, Inc. Acquires CB Richard Ellis Carmody to Expand its Reach in the Southeastern United States Los Angeles, November 1, 2013 – CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired CB Richard Ellis Carmody, a Charleston, South Carolina based commercial real estate services firm that has been an affiliate of CBRE serving the South Carolina coastal markets since 1997. The acquisition of CB Richard Ellis Carmody enhances CBRE’s coverage of the rapidly growing southeastern corridor of the U.S. The firm was founded by Brian and Charles Carmody in 1992, and ARCHITECTURE Q3, well down on the 9.7 million sq. ft. of new supply added in Q2 2013. This was the lowest quarterly volume of stock completed in Asia Pacific since Q4 2006,
  • 2. PROPERTY WORLD ONLINE - NOV 2013 ARCHITECTURE 2 2 FIRST RENDERINGS OF NEW LAS VEGAS ARENA UNVEILED BY PROJECT DEVELOPERS AEG AND MGM RESORTS INTERNATIONAL View of the new Las Vegas arena from west of The Strip. Scheduled to open in 2016 the 20,000-seat arena is a partnership between AEG and MGM Resorts International. Joint Venture Releases First Images of Privately Funded 20,000-Seat Indoor Sports & Entertainment Arena Set to Open in Early 2016 LAS VEGAS (November .2013) / PRNewswire / — Joint venture partners AEG and MGM Resorts International (NYSE: MGM), developers of a new world-class indoor arena in Las Vegas, have released the first images and details of the 20,000-seat sports and entertainment venue which will be located near the heart of the famed Las Vegas Strip and adjacent to the I-15 corridor. The images were unveiled as part of a project update by the ownership group for the new arena, which is expected to break ground in April 2014. The arena is being designed with an array of unrivaled premium offerings and club experiences as well as features that will make it immediately available to host NBA and NHL teams, concerts, boxing, mixed martial arts, family shows, award shows and other major events. The arena, which will be the centerpiece of the revitalization of the area between New York-New York and Monte Carlo resorts, extending from Las Vegas Blvd. to Frank Sinatra Drive, is scheduled to open in the spring of 2016. The project’s anticipated cost of approximately $350 million will be financed entirely with equity contributions from the partners and privately funded third-party debt financ- Balcony view from the new Las Vegas arena looking toward New York-New York on The Strip. Scheduled to open in 2016 the 20,000-seat arena is a partnership between AEG and MGM Resorts International. Rendering of the new Las Vegas arena, a 20,000-seat sports and entertainment venue scheduled to open in 2016 is a partnership between AEG and MGM Resorts International. ing. In keeping with the partners’ commitment to building responsibly, the arena is being designed to meet the U.S. Green Building Council’s standards for LEED Gold Certification. Since its selection as the project’s architect of record, Populous has worked closely with the project owners and their project manager, ICON Venue Group, to design an arena that will connect the contrasting influences of Las Vegas – the desert and Spring Mountains to the west and the pulsating, high-energy Las Vegas Boulevard to the east. To capture the excitement of The Strip, the design includes an expansive glass façade with an LED overlay; sweeping, dramatic balconies; an exterior performance stage and a sleek exterior that is as bold as it is sophisticated, creating a visually captivating and iconic focal point in Las Vegas’ bustling entertainment market. “As with arenas such as STAPLES Center in Los Angeles, London’s The O2, Mercedes-Benz Arena in Shanghai and several others in the AEG Facilities portfolio, this new arena in Las Vegas is destined to be one of the most recognizable, respected and iconic venues in our industry,” said Dan Beckerman, President and CEO, AEG. “From the diverse collection of unique and custom-designed premium seating and hospitality options to the variety of program- ming that will be booked, there will be offerings to appeal to the widest audience; from casino operators and their guests to international travelers and local residents, this will be world-class in every sense.” Brad Clark, Senior Principal at Populous and a lead designer of the arena, said “The design of the arena ensures we will create a truly striking entertainment venue for Las Vegas – representing the color, drama and excitement the city exudes. The arena will be an extension of The Strip’s high energy – our job with the design was to stay authentic to that spirit.” The renderings highlight day and night exterior views of the arena which reaches 145’ at the highest point of the roof. A monumental glass entry façade with a giant LED overlay runs along the northeast side of the arena reaching a height of 118’ at the parapet of the entry façade. Highlights, features and concepts of each rendering include:PLAZA NIGHT rendering (LVA1):• Exterior view looking west.An expansive glass façade with an overlay of video marks the front door and monumental interior atrium, creating a striking arrival statement. With a spectacular balcony featuring an LED soffit and exterior performance stage below, the arena becomes an extension of the visual cacophony and high energy of the Las Vegas Strip. Pale Yellow Named 2014 Color of the Year by PPG PITTSBURGH PAINTS’ THE VOICE OF COLOR Program Homeowners seek energetic, more optimistic color to Pause & Refresh from the busy daily grind PITTSBURGH, November. 2013 / PRNewswire / — The PPG Pittsburgh Paints(R) brand today named Turning Oakleaf, a soft, but energetic buttercream yellow, as its 2014 Color of the Year. Experts from PPG Industries (NYSE:PPG), makers of PPG Pittsburgh Paints products, said they expect the color to have a prominent role in home décor in the coming year as part of their forecast for use of brighter, more optimistic colors among homeowners. Refreshed thinking is driving homeowners to unwind from their stressful lives and seek colors that emphasize enlightenment, according to the brand’s color forecast for 2014-2015. Incorporating colors into the home that illustrate hopefulness in society, such as Turning Oakleaf (ATC-38), can transfuse a room with brilliant energy. Turning Oakleaf is one of 25 featured colors presented in Pause & Refresh, a collection of five new color palettes showcasing the 2014-2015 color trends for THE VOICE OF COLOR(R) program. “Homeowners have moved away from the muted hues influenced by economic factors in recent years. Turning Oakleaf, which is soft enough to be a neutral but bright enough to generate a sunshine-like energy, represents a trend toward warmth in harmonious living, deep appreciation for the surrounding natural elements and a thorough understanding of enlightened philosophies,” said Dee Schlotter, brand manager, The Voice of Color program. “We are experiencing the popularity of the soft yellow shade across all markets, such as home décor, automotive and electronics, making it a clear Color of the Year selection.” PPG employs more than 20 color stylists around the world, each specializing in different markets, who collaborate to determine styles and color trends for the home, consumer products and automobiles. The megatrend of refreshed thinking drives diverse color options in the Pause & Re- fresh trend palettes, enabling homeowners to determine what color combinations will create a customized room that captures the necessary elements to evoke a calming and refreshing hiatus from the hectic nature of everyday life. Whether it’s a bold, rich red like Red Gumball (223-7), an elegant and refined blue like Stained Glass (447-6) or a soft, pale pink like Ballet Slipper (231-2), consumers are using color to capture their personal definition of tranquil living.“With today’s 24-hour connectivity and onthe-go lifestyle becoming more and more common, homeowners are transforming their living spaces into comfortable retreats with colors that represent how individuals perceive their ideal form of relaxation,” Schlotter said. “For some, the back-to-basics feel that captures an earthy, primitive and organic reference is the natural influence needed to pause from today’s technologically-driven lifestyle. For others, bold, dynamic colors mixed with artisan patterns, shapes and prints generate an atmosphere that is lively, vibrant and creatively energizing.”The key trend colors for the PPG Pittsburgh Paints brand are presented in signature five-color palette cards that create color opportunities for all design elements in a space, including window treatments, flooring and fabric. The five new Pause & Refresh palettes in The Voice of Color program for 20142015 are available at dealers of PPG Pittsburgh Paints products across the United States. These palettes are: New Spirit:Earthy and Primitive.This trend focuses on the new consciousness of earth and organic references. A calm and modern approach to color captures earthy tones for a relaxed atmosphere, combined with the raw colors of the great outdoors.
  • 3. PROPERTY WORLD ONLINE - NOV 2013 BUSINESS WORLD 3 Regatta Apartments Sell Fast as the Pick of The Springs A boutique apartment development that forms part of the transformation of The Springs urban renewal project in Rivervale has proved popular with 40 per cent of apartments sold. The remaining stock of two bedroom apartments is selling from $540,000 to $580,000. Called Regatta Apartments, it has been created by upmarket local developer Motus Property - the development arm of highly regarded local architect Motus Architecture, which has created some of Perth’s most innovative residential projects. The boutique Regatta Apartments consists of just 22 luxury residences offering stylish living with expansive floor spaces and large balconies. The development will focus on sustainable design and an active living environment and occupies a premium site in The Springs, close to the river. Motus director Peter Jodrell said the company selected the challenging, triangular shaped site due to its ideal location, with the river just 100 metres away through parklands, a number of established neighbours and being well protected from the Graham Farmer freeway and Great Eastern Highway. He said The Springs offered a unique, near city living environment, but it was important for Motus to have the right site within the 14 acre urban renewal to ensure a tranquil lifestyle with amenity and accessibility. “Regatta will really focus on lifestyle, with large internal living areas, a special area for storing canoes and kayaks and also a bicycle repair and maintenance space. A glass faced lift will let residents always feel connected to their surroundings,” Mr Jodrell said. “We have also designed it to the Adaptable Housing Guide- lines with very few steps, wide doors and large rooms so that as residents age or if they become immobilized, the spaces can still accommodate them.” Knight Frank selling agent Neha Shah said Regatta Apartments was very different to other developments at The Springs due to it only having 22 apartments over five levels. She said this had proved extremely popular with buyers and had given the project a more intimate and exclusive feel. Ms Shah said Motus had an excellent track record and was committed to a quality living environment with extras such as timber floors, gas cooking, Miele appliances, travertine tiles and reverse cycle air conditioning. The Springs is a major initiative by Landcorp to reactivate a large tract of riverfront land at the junction of Great Eastern Highway and the Graham Farmer Freeway. It is one of the biggest urban renewal projects undertaken south of the river and will introduce new and diverse styles of apartment living as well as a unique investment opportunity. Ms Shah said it would provide a range of medium to high density residential developments, including townhouses and apartments, plus a mix of commercial sites and tenancies. “The development is close to parks, the river, public transport and a wide range of shopping and lifestyle options, including the Crown complex as well as the new planned Perth Stadium.” Ms Shah said. “Just six kilometres away from the Perth CBD, The Springs will have plenty of public open spaces, created for office workers and residents and it will all be linked to the city by cycle and walking paths.” CBD Value Add or Conversion Opportunity Property investors looking for a guaranteed rate of return while considering various options will be lining up for Perth’s high profile HBF Building, which is for sale by Expressions of Interest through Knight Frank. The central Murray Street building occupies a prime CBD location with the opportunity to value add or convert to alternative uses in the future – plus the rental return will be set at a fixed eight per cent of the purchase price. HBF - Western Australia’s largest health insurance provider - occupies the entire building and will enter into a new, two year lease at settlement. It will also commit to a further two 12-month lease option terms. The nine level building has a total net lettable area of approximately 6325 square metres and is located on 1,138 square metres of land near the corner of Murray and Barrack Streets. It is situated in the heart of the Perth CBD, close to many new developments and buildings including Equus (a mixed use residential and commercial development), The Old Treasury office and retail buildings and 6 star hotel, the City of Perth Library and the soon to be developed FESA site on Hay Street Knight Frank associate director Todd Schaffer said the HBF Building was ideally located in a central position between Pier Street and Barrack Street and provided excellent transport accessibility and lifestyle amenities. He said the building offered significant upside for redevelopment or conversion once the HBF tenancy ended, with a variety of floor plate sizes ranging from 600 square metres on the ground floor to approximately 787m square metres on level two. “The building has three side core lifts allowing for efficient sub division of tenancy areas or potential strata titling,” Mr Schaffer said. Knight Frank managing director John Corbett said the Perth CBD was undergoing a significant commercial and residential transformation with a large number of new projects including the development of Kings Square, Elizabeth Quay and the City Link underground train station. He said these developments would further enhance the Perth CBD’s appeal with increased amenity and this was adding value to CBD landlords. The HBF building was constructed by HBF Health Limited in 1980. It will be sold by Expressions of Interest closing on December 5, 2013. New Report Calls on GEF to Prioritize Transport in GEF-6 to Support Sustainable Development and Climate Change Progress New York, NY (November,2013) - From November 5-7, the Global Environmental Facility (GEF) meets at the World Bank to set its investment strategy for the coming years. A new report offers recommendations for how GEF can deliver better progress to address transportation, the fastest growing source of energy related climate change pollution. GEF is a small but vital source of funding for low-carbon pilot projects and capacity building in the transport sector for dozens of countries. GEF has invested more than $3.6 billion since its inception toward mitigating climate change, but only about 10% of this has gone to sustainable transport. The GEF has progressively increased its allocation toward its transport portfolio - investment has grown from around 3% of total climate change investment to roughly 20% in GEF-5. However, utilization is still low, demonstrating the need for improvement.Rapid economic growth and urbanization in developing nations spurs global demand for transport, a critical component of all economies. Transport accounts for nearly a quarter of global energy use and total transport energy use and carbon emissions are projected to grow 80 percent from 2002 levels by 2030. GEF can play a key role financing transformational initiatives that support improved mobility and access while curbing emissions. The current GEF-5 Strategy named sustainable transport as a key objective under the Climate Change Mitigation Focal Area. While the proposed GEF-6 Strategy highlights sustainable transport as a critical component in several programs, it is no longer a key objective. The Partnership on Sustainable Low Carbon Transport (SLoCaT), representing over 80 organizations, recently raised concern in a letter to the GEF Secretariat that this reorganization might result in a diluted focus on sustainable, low-carbon transport interventions, where GEF's support is needed most. A report released today by the Institute of Transportation and Development Policy, Maximizing the Effectiveness of the Global Environmental Facility (GEF) Sustainable Transport Portfolio, examines selected GEF projects and offers recommendations for more effective GEF action in the transport sector. The paper addresses the proposed restructuring of GEF-6 and its implications for future transport funding. The full report is available for download on www.itdp.org. The Report discusses how the Rio + 20 commitment by eight Multilateral Development Banks (MDBs) of $175 billion for more sustainable transport over the next decade makes GEF investments in this area more important because GEF funding often creates the foundations for larger projects that can be funded by more mainstream development mechanisms. Complex General Manager, Mr. Sanjay Sharma, receiving ‘Best Luxury Business Hotel NCR’ Award for The Westin Gurgaon, New Delhi by Mr. Oscar Fernandes, Hon. Minister for Road Transport and Highways, Government of India Woodstock Ambience now Acquired by Manipal Integrated Services Bangalore, Karnataka, India Manipal Integrated Services, a part of Manipal Education and Medical Group (MEMG) has recently acquired Woodstock Ambience, a Bangalore-based provider of gated living for students and young professionals. Woodstock Ambience has been in operation for over seven years. Woodstock is built on 2+ acres land. The facility can accommodate over 1,000 people which offers both single and double occupancy options. It is India's first campus style residence for post graduate students and young professionals. 60% of the nine-lakh IT and BPO workforce in Bangalore are single men and women. Manipal Integrated Services offers facility management services to educational institutions, hospitals, corporate houses, research laboratories and hospitality institutions. Speaking on this occasion, Mr. K Shobhit Agarwal, CFO of MIS said "This acquisition is a step towards providing quality accommodation to students and working professionals across the country. Woodstock matched our requirements of providing a campus with facilities that encourage smart community living for students and young professionals. Woodstock has clientele like IBM, Infosys, Hewlett-Packard, TATA Consultancy Services and Wipro" Estimates say that young population of Tier I cities are interested in such services. MIS is therefore keen on providing integrated campuses and build network in other Indian metros and education hubs with comfort and convenience. The Vice President, Mr.Mohd. Hamid Ansari, the Chief Justice of India, Mr. Justice Palanisamy Sathasivam and other dignitaries at the “Inaugural Ceremony of Faridkot House and 3rd Foundation Day of National Green Tribunal (NGT)”, in New Delhi . Leasing Terms...... markets and smaller- to medium-sized requirements will account for the bulk of leasing deals,” says John Falkiner, Managing Director, Transactions, CBRE Asia. Opportunity for Better Leasing Deals? Office rents have been flat for the past two years and are likely to remain so in the short term; however, downward pressure is likely to increase as a large volume of new supply becomes available—with annual new supply expected to reach all-time highs in the next two years. “The pressure on rental levels will increase in 2014 as a large volume of new supply comes on stream giving occupiers the opportunity to secure attractive leases. We should start to see occupiers considering postponing expansion plans or pre-committing to this new supply to secure better terms,” said Jonathan Hsu, Director, CBRE Research, Asia Pacific. The CBRE Asia Pacific Office Rental Index stayed flat for an eighth consecutive quarter. Rents were unchanged on a year-on-year basis, and Grade A rents in most markets continued to display little movement during the period, although there were a few exceptions, with Jakarta posting the strongest rental growth.
  • 4. PROPERTY WORLD ONLINE - NOV 2013 4 GLOBAL PROPERTY SEARCH Beau Monde, Benson Cross Road, Bangalore fixed price INR RP70,000,000 Villa Maria, Resthouse Road Bengaluru , Karnataka price on application Saudi Build 2013-Mr. Sibi George, Minister and Deputy Chief of Mission, Embassy of India , Riyadh. Inaugurating the India Pavilion at “Saudi Build 2013” on 4th November 2013. Knight Frank appoints new Asia Pacific Head for Capital Markets Mitra Kunj, 4th Floor, Peddar Road, Mumbai - 400 026 fixed price INR RP180,000,000 Craigslist Kills Real Estate Marketing SAN FRANCISCO, Nov .2013 /PRNewswire-iReach/ -Craigslist HAS BEEN a major source of website traffic and leads for real estate agents and brokers for the last few years. But starting late October and culminating on November 6th, Craigslist has stopped allowing embedded photos and hyperlinks to be used in postings to the website. Many in the real estate world are in a panic as a major source of free traffic and leads is essentially gone. With the alternatives of PPC continuing to dramatically rise in price year over year, buying traffic and leads is becoming untenable and on the SEO front, there are still only 10 spots on page 1 of Google. Now What? The main benefit of Craigslist ads was the ability to include hyperlinks that would take people out of Craigslist and into a website page or landing page of the agent or broker where there was more information and lead capture that would result in more leads. But there are more ways of getting these same hyperlinks in front of buyers and sellers without relying on Craigslist! With Listings-to-Leads these same hyperlinks, are included in all marketing tools for the property. These tools include: Auto Virtual Tours,Auto Single Property Websites,Auto eFlyer Campaigns,Auto YouTube Videos,Auto Mobile Sites with QR Codes,Auto W ordPress Blog Posts,Auto Facebook Campaigns,Auto Open House Tools This now allows a consistent way to get multiple marketing messages out for the same listing. ALL messages include multiple hyperlinks that take people into the website or landing page of the agent or broker where there is more information and lead capture that results in more leads!It also promotes the agent and broker with much stronger branding capabilities than were available on Craigslist!Instead of worrying about what Craigslist will do next, implement an automated system that is proven and consistent.Listings-to-Leads at NAR San Francisco To find out more about how to generate traffic to your website and leads for your business, stop by our booth in San Francisco. We are in the SPARK Platform booth #1229. If you are not at NAR, for information about broker / company accounts, contact Vince Meza at 800-788-8508 ext. 4000 or success@listingstoleads.com or visit us here at our broker success center.For agents, visit http:// www.listingstoleads.com October 2013:Knight Frank today unveiled a strategic strike in the capital markets business with the appointment of Mr Neil Brookes as Knight Frank’s Regional Head, Capital Markets for Asia Pacific. Brookes has 12 years of experience in capital markets and extensive experience in major sales and acquisitions with overseas investors. Backed by his solid knowledge and dealings with Asian-based investors, Brookes has a sound understanding of the financial markets, and specifically capital raising and fund structuring relevant to property acquisitions. He will be based in Singapore as part of the Asia Pacific team where he will spearhead the regional capital investment market business which drives all outbound and inbound capital flows to Asia. Stephen Ellis, Executive Chairman at Knight Frank in Australia said: “We are excited to have Neil join us at Knight Frank. Neil’s extensive background and experience will no doubt significantly add value to our business as the world’s leading independent property advisor and our aim to increase turnover and profits from outside of the UK, with particular emphasis on growing our Asia Pacific region. “Working alongside Managing Director of Capital Markets Australia, James Parry in Sydney and Head of International Investment, Jeremy Waters in London, I am confident that Neil will ensure that we continue to be the first choice for HMWIs and investors across the Asia Pacific region,” added Mr Ellis. James Parry, Managing Director of Capital Markets Australia at Knight Frank said: “Asia Pacific is a major part of Knight Frank’s global strategy, particularly with the weight of money actively trying to invest into Australia.” “Having Neil join the team is yet another demonstration of our commitment to Capital Markets both in Australia and globally, and complements the local investments we’ve made into the business over the last few years,” continued Mr Parry. Brookes started his career as a graduate with Knight Frank in London in 2001 where he focused on commercial and retail investment transactions in the UK and Europe. Brookes moved to Australia in 2005 where he was involved in the sale of several high profile transactions during his time with the major players in the Australian Investment market: Häfele India Launches State of the Art ‘Design Centre' in Mumbai Mumbai, Maharashtra, India Bhandup is the new Design Capital of Mumbai Häfele, the world leader in architectural hardware, furniture fittings and kitchen fittings launches its State of the Art – Design Center in Mumbai. The Design Center is an experience center where one can come, See, Touch, feel & Experience Häfele's products and fittings in a live environment. The Häfele's Mumbai Design Center, a complete interior solutions store houses an array of products and fittings from world renowned super-premium brands in Appliances such as Asko, Bertazzoni , Falmec & Liebherr to name a few a complete new range of bathroom solutions from Webert, Edelbad&Boing in Sanitary, kitchen fittings solutions from Vauth Sagel and Kitchen Partner Blum. The New Design Centre offers the world's finest designs and innovative interior fitting solutions making it a favorite destination for architects and contractors. The Design Centre enables customers to see, touch and feel the fittings in applications before purchasing them. It will also help to give a complete overview and enable customers to make an informed decision to best suit one's individual requirements. Customers can also seek guidance from the highly trained in house designers on the design solutions that Häfele offers. Speaking on the Launch of the new Design Centre Mr. Jürgen Wolf, Managing Director, Häfele India Pvt. Ltd says, "Functionality is how we think; functionality is what we make and functionality is what we sell. With the opening of this Häfele Design Center in Mumbai, we are committed to identify and understand the specific needs of our customers across segments and provide them with desired benefits and now bring a World class Experience to our customers in a real life environment. All Häfele products stand for quality and design keeping their functionality at the top of the mind." FW GROUP OF PUBLICATIONS-INDIA EDITOR-IN-CHIEF : SRINIVAS B.L. PUBLISHER : SRINIVAS .OWNED, PUBLISHED AND PRINTED BY SRINIVAS, BL.FWG-INDIA PH : CELL :+91 09663982684 PRINTED AT K.M.S. PRINTERS, BANGALORE - 560 003. UNSOLICITED MATERIAL MAY NOT BE RETURNED. THE OPINIONS OF WRITERS ARE THEIRS, NOT OURS. WE ARE NOT RESPONSIBLE FOR INCORRECT LISTINGS AND INFORMATION. WE DO ALL WE CAN TO ENSURE CORRECTNESS, BUT READERS ARE ADVISED TO RECHECK WITH ESTABLISHMENTS. NO PART OF THIS PUBLICATION SHOULD REPRODUCED WITHOUT OUR WRITTEN PERMISSION. LEGAL JURISDICTION RESTRICTED TO BANGALORE CITY ONLY. EMAIL:editor@fortuneworldmedia.com.