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FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
FICCI India Real Estate Directory - 2011
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FICCI India Real Estate Directory - 2011

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The Real Estate Companies Directory 2011 by FICCI provides information about: …

The Real Estate Companies Directory 2011 by FICCI provides information about:

❐ Top management executives,
❐ Products & services offered,
❐ Domestic & international projects,
❐ Subsidiary companies,
❐ Other business areas,
❐ Joint ventures & technological collaborations, and
❐ Recognition and awards won by companies.

There is also showcase of some noteworthy real estate projects.

For information on FICCI Real Estate Directory 2013
Please Contact
Mr. Harsh Vardhan, Asst. Director
Real Estate Division
FICCI, New Delhi
Tel: 011-23487480 (D), 23738760-70 (Ext-480)
Mobile: 09801808766
Email: housing@ficci.com, harsh.vardhan@ficci.com

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  • 1. FICCI Real Estate and Urban Development DivisionFederation of Indian Chambers of Commerce and Industry (FICCI)Federation House, 1, Tansen Marg, New Delhi - 110001, IndiaPhone Direct Lines: +91-(0)-11- 23765318 / 23357245Board lines: +91-11-23738760-70 (Ext 394/480)Fax: +91-(0)-11-23765333, Email: housing@ficci.comIndian Real Estate CompanyDIRECT RYDIRECT RYIndian Real Estate Company2011-2012Established in 1927, FICCI is the largest and oldest apex business organisation in India. Itshistory is closely interwoven with Indias struggle for independence and its subsequentemergence as one of the most rapidly growing economies globally. FICCI plays a leading role inpolicy debates that are at the forefront of social, economic and political change. Through its 400professionals, FICCI is active in 52 sectors of the economy. FICCIs stand on policy issues issought out by think tanks, governments and academia. Its publications are widely read for theirin-depth research and policy prescriptions. FICCI has joint business councils with 79 countriesaroundtheworld.A non-government, not-for-profit organisation, FICCI is the voice of Indias business andindustry.FICCIhasdirectmembershipfromtheprivateaswellaspublicsectors,includingSMEsand MNCs, and an indirect membership of over 83,000 companies from regional chambers ofcommerce.FICCI works closely with the government on policy issues, enhancing efficiency,competitiveness and expanding business opportunities for industry through a range ofspecialised services and global linkages. It also provides a platform for sector specificconsensus building and networking. Partnerships with countries across the world carry forwardour initiatives in inclusive development, which encompass health, education, livelihood,governance, skill development, etc. FICCI serves as the first port of call for Indian industry andtheinternationalbusinesscommunity.About FICCI
  • 2. ABOUT FICCI REAL ESTATE DIVISIONReal Estate Secretariat:Real Estate Division of FICCI has been playing a pivotal role in bringing together the most prominent industryplayers from this sector under its fold to address the most critical issues of this industry. The FICCI Real EstateCommittee is currently Chaired by Mr. Niranjan Hiranandani, Founder & Managing Director, HiranandaniConstructions Pvt. Ltd, Co-chaired by Mr. Pranay Vakil, Chairman, Knight Frank (India) Pvt. Ltd and Mr. AjitKrishnan, Partner & Sector Leader - Infrastructure & Real Estate, Ernst & Young Pvt. Ltd and supported bymembers who are eminent players from real estate sector from across India. The committee has been guidingthe FICCI Real Estate Division in taking forward the agenda of the Real Estate Industry through its inputs,suggestions,commentsfromtimetotime.FICCI has created a strong synergy with the Industry and Government in the process of driving the importantpolicy changes such as the Foreign Direct Investment Policy in Real Estate, National Housing & Habitat Policy2007.FICCIoffersoneofthemostpowerfulplatformsfortheindustryannuallyintheformofInternationalRealEstate Summit which is widely acclaimed for its comprehensive agenda and focus on all asset classes andburning issues concerning the growth of Indian Real Estate Sector. The whos who from the Indian Real EstateIndustrygetstogetheralongwithsomekeyplayersfromvariouscountrieseveryyearonFICCIplatform.IthostsInternational Delegations providing a mutually beneficial opportunity for both the National and Internationalplayerstofurtherbusinessinterests.FICCI recognizes the need for continuous training for the Industry at various levels to disseminate the latestknow-howinthissector.Inthisregard,theRealEstatedivisionalongwithaleadingconsultingfirmhasinitiatedtrainingseriesfortheIndustry.IdentifythemajorbottlenecksthathinderthegrowthoftheRealEstateIndustrySensitize all stakeholders including the Central and the State Governments to catalyze the necessary policychangesthatareneededtomakethissectormorevibrantandcompetitiveRecommendpolicychangesthatwouldhelpcorporatizetheIndustryMakeindustryawareofglobalstandardsandbenchmarksthroughinternationalmeetsFICCI is continuously exploring the potential to forge business tie ups of Indian companies with foreign entitiesacross different areas in real estate sector. This is achieved by taking delegations of businessmen from the realestate sector to countries where exists possibility of forging partnerships in this area. Such delegations offertremendous exposure and mileage to the Indian companies and give them an opportunity to expand theirinternationalnetworks.TheobjectivesoftheRealEstateDivision:llllMs. Mousumi RoyDirector & Headmousumiroy@ficci.com
  • 3. Indian Real Estate CompanyDIRECT RYDIRECT RYIndian Real Estate Company2011-2012
  • 4. DISCLAIMERThis Directory has been prepared by FICCI based on information provided by companies listed in the directory. FICCI does notendorse or warrant the accuracy, reliability or legality of the information or advertisements published herein.FICCI including its employees will not be held liable for errors or omissions or any action taken by the user of this directory based onthe information provided herein.The directory is for information purpose only and should not be construed as an endorsement of any company or its services by FICCI.No part of this Directory should be reproduced, imitated, copied or transmitted in any form by any means without prior written consentand permission of FICCI.The views expressed in the articles are of the Authors only.
  • 5. FOREWORDBeing the voice of Industry, one of our commitments to the corporate world is to disseminateinformation for growth of businesses and the economy as a whole. The real estate companydirectory 2011 is a ready reckoner for anyone interested to get information on the range of Indian realestate players and their projects.FICCI would like to thank the companies who have participated and extended their support in thisendeavor. I am sure that this directory will prove to be beneficial to all the users and we look forwardto valuable suggestions for enriching the content and making it more informative.Dr. Rajiv KumarSecretary GeneralFICCI
  • 6. FOREWORDThe development of Indian Real Estate sector has led to the emergence of a large number of playersin the sector. Many real estate projects have come up in the last few years all over the country. FICCIIndian Real Estate Company Directory 2011 lists the leading players from the sector with theircompany details, existing projects and future areas of work.I hope this Directory will serve as a credible source of information on real estate companiesoperating in India and be of immense value to the user. I would like to thank all the companies whohave participated in this edition of the directory.Niranjan HiranandaniChairman, FICCI Real Estate Committee &MD, Hiranandani Constructions Pvt. Ltd.
  • 7. Extremely Fire Resistant - Can withstand temperatureupto 93°C52Years inservice(IS15778 : 2007)CPWD DSR 2007 Item:SUBHEAD-18.0 WATERSUPPLY: Page No. 291 & 292
  • 8. 29.55Application & Business Centre, 6th & 7th Floor,Jaswanti Landmark, Mehra Industrial Estate,L.B.S. Marg,Vikhroli (W), Mumbai - 400 079. India.Tel: +91-22-6602 7800Fax: +91-22-6602 7888Email : flowguardindia@lubrizol.comWebsite: www.lubrizol.com
  • 9. CONTENTLISTINGS1. AerenR Enterprises Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 022. Asset Homes Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 043. Bengal Ambuja Housing Development Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 064. CHD Developers Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105. Evershine Builders Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126. Forum Projects Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147. G:Corp Pvt. Ltd (Approved). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168. Godrej Properties Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 189. HBN Home Colonisers Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2210. Hiranandani Constructions Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2311. HM Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2412. Jaiprakash Associates Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2613. Jindal Realty Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3414. Kalpataru Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3615. Lanco Hills Technology Park Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3816. MFAR Holdings Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4017. OM Shakthy Agencies (Madras) Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4218. Ozone Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4319. Pashmina Builders & Developers Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4420. Patel Realty India Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4621. Peninsula Land Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4822. Phadnis Properties Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5223. Puranik Builders Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5424. Puravankara Projects Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5825. Raheja Developers Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6026. Raheja Universal Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6227. Rajesh Projects (India) Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6428. Ramky Estates & Farms Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6629. RMZ Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7030. RNA Corp Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
  • 10. 31. RPS Infrastructure Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7432. Sanghvi Group of Companies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7633. Satya Developers Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7734. Shapoorji Pallonji & Co. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7835. Shriram Properties Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8036. Silver Realties & Infrastructure Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8237. Srijan Realty Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8338. Sunil Mantri Realty Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8439. Tashee Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8640. Three C Universal Developers Pvt. Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8841. Usha Breco Realty Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9042. Value Infracon Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92ARTICLES1. Mr. Pranay Vakil, Chairman, Knight Frank (India) Pvt. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 942. Mr. Milind Korde, MD, Godrej Properties Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 973. Mr. Brotin Banerjee, MD & CEO, Tata Housing Development Co. Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1014. Mr. Atul Chordia, Chairman & CEO, Panchshil Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1035. Amod Singh, Vice President - Low Income and Rental Housing, TM City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1066. Mr. Rajesh Jaggi, MD, Peninsula Land Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1107. Mr. Uday Dharmadhikari, CEO, Usha Breco Realty Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1148. Mr. Manoj John, VP – Corporate Planning & Strategy, RNA Corp Ltd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1179. Patel Realty India Ltd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121
  • 11. LISTINGS
  • 12. AERENR ENTERPRISES PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 6th floor, Mahindra Towers, 2A Bhikaji Cama Place, New Delhi–110066: Dr.RajeshJAeren : ViceChairman: 011-42225222 : 011-42225223: rajeshaeren@aerenr.com : www.aerenr.com: AEREN R is a leading real estate group of companies engaged in path-breaking projects in the fields of retail, hospitality,edutainment, entertainment, integrated townships and specialty malls. It sustains growth and leadership in a dynamic andconstantlychangingbusinessenvironmentbydiversifiedpresenceinvariousstrategicbusinessunits.Aeren R has a number of land parcels in India extending over Punjab, Haryana, Rajasthan and Uttar Pradesh. Under activeconcept crystallization is Aeren R Medicity and Golden Homes for senior citizens at Amritsar which shall bring up high techhealthcare services at affordable prices along with secondary health related institutions like medical college and training facilitiesfornursing/paramedics.: `50croresProjects : CommercialProject Location(s) : LudhianaRajasthanDelhi NCROther Businesses : Venture CapitalAsset ManagementvvvvvTop Company OfficialsDr Rajesh J AerenVice Chairmanrajeshaeren@aerenr.comGp. Capt. D V Arora, VSMPresident, Corporate Relationshipsdvarora@aerenr.comCompleted Projects1. Name : Business City (Bharti Wal-Mart)Type : CommercialLocation : Ludhiana, PunjabSize (sq. ft.) : 50,000Year of Completion : May 20112. Name : Crown InteriorzType : CommercialLocation : NH2 Faridabad, HaryanaSize (sq. ft.) : 7.5 LacYear of Completion : 20083. Name : Wedding MallType : CommercialLocation : Pitampura, New DelhiSize (sq. ft.) : 1.0 LacYear of Completion : 2006-074. Name : AEZ SquareType : CommercialLocation : Vikaspuri, New DelhiSize (sq. ft.) : 50,000Year of Completion : 2003Upcoming Projects1. Name : Jaipur CentralType : CommercialLocation : Jaipur, RajasthanSize (sq. ft.) : 3.5 LacEstimated Year of Completion : 20122. Name : Fortune PlazaType : CommercialLocation : Sahibabad, Uttar PradeshSize (sq. ft.) : 9.0 Lac .Estimated Year of Completion : 20133. Name : Business CityType : CommercialLocation : Ludhiana, PunjabSize (sq. ft.) : 10 LacEstimated Year of Completion : 20144. Name : International CityType : Residential & CommercialLocation : Ludhiana,Size (sq. ft.) : 161 acresEstimated Year of Completion : in PhasesPunjabProjects (Domestic/International):02
  • 13. ASSET HOMES PRIVATE LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: G-129, 28/34A, Panampilly Nagar, Kochi – 36 (Kerala): Mr.KAMohamedSaleem : ManagingDirector: 0484-6456474,9846499999 : 0484-2320899: mail@assethomes.in : www.assethomes.inAsset Homes is a professionally managed company that focuses on good product quality and customer satisfaction through ownexecution.AlltheseelementssumsuptomakeAssetHomesanemergingdeveloperinafastgrowingindustry.ASSETHOMESinnovatedthenewageconceptsinrealtysegmentssuchasDigitalHomes,TownHouses,ServiceApartments,SOHO(SmallOfficeHomeOffice)ApartmentsinadditiontoofferingLuxuryApartments,SuperLuxurySkyvillaandWaterViewApartments.: 100cr/USD22mn: Asset Homes is the first builder in India with a CRISIL7 STAR RATING for a completed project and is the only developer to complete 23projectsinashortspanof46months.Projects : 23 completed and 9 ongoing projectsProject Location(s) : Kochi, Kottayam, Kannur, ThiruvananthapuramOther Businesses : Zing Lifestyle BoutiquesSummit Suite Hotel, Ipulse HotelAwards / Recognitions : Bloomberg New York Times International Property Awards for Best ArchitectureCRISIL CREDAI Award For Most Innovative Project In IndiaReality Plus Excellence Award 2011Asset Signature Awarded Prestigious CRISIL 7 Star RatingReality Plus Emerging Developer of the Year 2010Vocational Excellence Award 2009-10 from Rotary International District 3201vvvvvvvvTop Company OfficialsMr. K A Mohamed SaleemManaging Directorkamohamedsaleem@gmail.comMr. V Sunil Kumarsunair2000@gmail.comDirectorCompleted Projects1. Name : SignatureType : 6 Tower Apartment complexLocation : TrivandrumSize (sq. ft.) : 4,94,600Year of Completion : 20102. Name : NorthStarType : G+15 Luxury ApartmentsLocation : Edappally, KochiSize (sq. ft.) : 1,02,000Year of Completion : 20103. Name : East ThottekattType : G+12 ApartmentsLocation : ErnakulamSize (sq. ft.) : 29,904Year of Completion : 20104. Name : Cyber and Silicon HeightsType : Twin Tower ApartmentsLocation : Kakkanad, KochiSize (sq. ft.) : 1,54,800Year of Completion : 2009Upcoming Projects1. Name : Picasso PaletteType : G+15 Lifestyle ApartmentsLocation : KottayamSize (sq. ft.) : 1,05,000Estimated Year of Completion : 20132. Name : CasagrandeType : G+12 Super Luxury ApartmentsLocation : Thevara, KochiSize (sq. ft.) : 45,575Estimated Year of Completion : 20123. Name : PorticoType : TownhouseLocation : Kadavanthra, KochiSize (sq. ft.) : 51,000Estimated Year of Completion : 20124. Name : SilverstreakType : G+15 Waterfront ApartmentsLocation : AluvaSize (sq. ft.) : 1,18,216Estimated Year of Completion : 2013Projects (Domestic/International):04
  • 14. BENGAL AMBUJA HOUSING DEVELOPMENT LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: “Ecospace Business Park”, IIF/11, Action Area -2, Block A, Rajarhat, Jyoti Basu Nagar, (New Town), Kolkata - 700157: Mr.HarshavardhanNeotia : ManagingDirector: 033-40406060 : 033-40406161: writetous@ambujarealty.com : www.ambujarealty.com:: `500crore(apprx)Ambuja Realty (www.ambujarealty.com) is one of the more prominent and respected corporate houses headquartered in Kolkata withits forte in real estate and recent forays into hospitality, healthcare and education. The company, under the stewardship ofMr. Harshavardhan Neotia has been responsible for landmark projects in and around Kolkata such as Udayan, Kolkatas firstCondoville created around the Public Private Partnership model, City Centre Salt Lake, the mall that went on to re-write several retailrules,FfortRaichak,KolkatasfirstluxuryweekendgetawayandthepastoralhamletbytheGanges,GangaKutiramongstmanyothers.The Group also championed the cause of woman and child healthcare by setting up Bhagiarthi Neotia Woman & Child Care Centre inKolkata.Projects : Business Parks, Hospitals, Hotels & Resorts, Malls, Residential Complexesand TownshipsProject Location(s) : Kolkata, Siliguri, Raichak, Asansol, Burdwan, North Bengal, Sikkim, Raipur, Patnaand HaldiaSubsidiary Companies :v vv vv vv vv vAmbuja Housing & Urban Infrastructure Company Ltd. Bengal Ambuja Housing Development Ltd.Bengal Ambuja Metro Development Ltd. Ambuja Realty Development Ltd.GGL Hotel & Resort Company Ltd. Ganapati Parks Ltd.Park Hospitals AIPL Ambuja Housing & Urban Infrastructure Ltd.Institute of Technology and Marine Engineering RKBK GroupAwards / RecognitionsTop Company OfficialsMr. Naresh Kumar JainGroup Presidentnkjain@ambujarealty.comMr. Pradip Jyoti AgrawalAdvisor to Chairmanpjagrawal@ambujarealty.comCompleted Projects1. Name : City Centre, New TownType : CommercialLocation : New Town, KolkataSize(sq ft) : 6.8 lakh (apprx) (total built-up area)Year of completion : 20092. Name : Ecospace, Business ParkType : Business ParkLocation : New Town, KolkataSize(sq ft) : 1 million (apprx) (total built-up area)Year of completion : 2010 - 1st Phase3. Name : Ganga Kutir, Raichak-on-GangesType : ResortLocation : Raichak, West BengalSize(sq ft) : 17,500 (apprx) (total built-up area)Year of completion : 20084. Name : Udayan-The CondovilleType : ResidentialLocation : Ajoynagar on EM Bypass, KolkataSize(sq ft) : 2 million (apprx) (total built-up area)Year of completion : 2002Upcoming Projects1. Name : Ujaas-The CondovilleType : ResidentialLocation : Lake Town, KolkataSize(sq ft) : 3.5 lakh (apprx) (total built-up area)Year of completion : 20112. Name : Ganga Awas, Raichak-onGangesType : ResidentialLocation : Raichak, West BengalSize(sq ft) : 3.5 lakh sq ft (apprx)(total built-up area)Year of completion :Projects (Domestic/International):S. Presenter/(s) Occasion Vertical Year Remarks1. Realty Plus Realty Plus Excellenceoutstanding contribution insector2. Franchise India Annual Survey for 25 City Centre, 2011 Ranked amongst 25Best Shopping Malls3. 4Ps Business & Indias Best Marketed Ambuja Realty July, 20114. Construction CWAB Trophy 2011 Ambuja Realty August, 2011 Indias Top 10 BuildersNo.Awards 2011 HVN 2011 Lifetime Achievers Award forreal estateBestShopping Malls New TownMost Trusted CompanyMarketing Real Estate Company 2011World Architects& Builders06
  • 15. COMPLETED PROJECTSCity Centre, New Town Ecospace, Business ParkGanga Kutir - Raichak-on-Ganges Udayan The CondovilleUPCOMING PROJECTSUjaas - The Condoville Ganga Awas, Raichak-on-Ganges07
  • 16. CHD DEVELOPERS LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: SF-16-17, 1st Floor, Madame Bhikaji Cama Bhawan, 11 Bhikaji Cama Place, New Delhi -110066: Mr.NeerajKulshreshtha : AGM,CRM: 011-40100100 : 011-40100190: info@chddevelopers.com : www.chddevelopers.com: CHD Developers Limited is backed by an experience of two decades in the Indian real estate industry. The companys innovativeapproach has led it to become a formidable force in the north Indian real-estate industry with an aim to report projects worth Rs 2500crores by 2013. Their projects at Vrindavan, Hardwar, Karnal, Delhi NCR speaks volumes about their commitment to provide worldclass living standards to their customers. The group has already made its mark in several states and is now aiming to spread itsfootprintsinMumbaiandNCR.CHDDevelopersLimitedispubliclylistedonBSE.: `133.83/1.34bnProjects : Residential and CommercialProject Location(s) : Ludhiana, Rajasthan and Delhi NCRSubsidiary Companies : CHD Armaan Realtech Pvt. Ltd.CHD Blueberry Realtech Pvt. Ltd.CHD Elite Realtech Pvt. Ltd.CHD Facility Management Pvt. Ltd.Golden Infracon Pvt. Ltd.Divine townships Pvt. Ltd.Horizon Realtech Pvt. Ltd.CHD Retirement Townships Pvt. Ltd.Awards / Recognitions : BILA conferred the company with Innovative Developer Of the Year. Mr. GauravMittal Received Young Achievers Of the Year from Realty plusvvvvvvvvTop Company OfficialsMr. R.K MittalCMDrkmittal@chddevelopers.comMr. Gaurav MittalDirectorgaurav.mittal@chddevelopers.comCompleted Projects1. Name : CHD City Phase 1Type : Integrated TownshipLocation : KarnalSize (sq. ft.) : 54,00,000Year of Completion : 20102. Name : GayatrilokType : Group HousingLocation : HardwarSize (sq. ft.) : 1,80,000Year of Completion : 20003. Name : Sri KrishnalokType : Group HousingLocation : VrindavanSize (sq. ft.) : 2,32,836Year of Completion : 20094. Name : CommercialType : Office ComplexLocation : DelhiSize (sq. ft.) : 63,551Year of Completion : 1998Upcoming Projects1. Name : Avenue 71Type : Multi Storey Group HousingLocation : GurgaonSize (sq. ft.) : 21,00,000Estimated Year of Completion : 20132. Name : CHD City Phase 2Type : Plotted DevelopmentLocation : KarnalSize (sq. ft.) : 23 acresEstimated Year of Completion : 20123. Name : Srikrishna Lok Phase 2Type : Group HousingLocation : VrindavanSize (sq. ft.) : 1,80,000Estimated Year of Completion : 2014Projects (Domestic/International):10
  • 17. EVERSHINE BUILDERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 215, Veena Beena Shopping Centre, Opp. Bandra Railway Station, Bandra (West), Mumbai-400 050, Maharashtra, India: Mr.BharatLudhani : CEO: 022-40719719 : 022-26421859: bharatludhani@evershinebuilders.com : www.evershinebuilders.com: Evershine Group of Companies is engaged in construction of residential and commercial properties in and around the city of Mumbai.Making a modest beginning in 1960, Evershine has now emerged as one of the leading and most reliable real estate developers inMumbai. Its corporate philosophy has always been to provide high quality residential flats to its customers at affordable rates.Commitment to perfection, constant up-gradation of technology, timely possession, transparent and hassle free transaction are thehallmarks of Groups success. Its quest for excellence has helped the Evershine Group to achieve phenomenal success and occupy apride of place in the building and construction industry.Also, the group is running a project, Evershine Mall in Malad and recently startedaresortatMahabaleshwarknownasEvershine–AKeysResort(www.keyshotels.com): 136.63crplusjointventureProjects : Residential, Commercial & ResortProject Location(s) : Mumbai & MahabaleshwarOther Businesses : Evershine – A Keys Resort, MahabaleshwarJoint Ventures : Rustomjee Evershine Joint VentureEvershine Premium Build Tech Joint Venture.Awards / Recognitions :vvS. No. Award Year1. ICICI Bank Home Loans 2002-032. Lion Club International - Sol Appreciation Award 2003-043. HDFC - Destination 20044. MCHI - For your support & Participant in Property 20045. Realtors Association of Mumbai - For Services Rendered 2005Top Company OfficialsMr. Ramchand B. LudhaniChairmanramchandludhani@evershinebuilders.comMr. Lachman B. LudhaniManaging Directorlachmanludhani@evershinebuilders.comCompleted Projects1. Name : Evershine NagarType : ResidentialLocation : Malad (West)Size (sq. ft.) : 13,00,000Year of Completion : 19772. Name : Evershine EmbassyType : ResidentialLocation : Veera Desai Road, Andheri (West)Size (sq. ft.) : 2,30,000Year of Completion : 20113. Name : Evershine CityType : Residential, Commercial & SchoolLocation : Gokhiware, Vasai (East)Size (sq. ft.) : 5,82,531Year of Completion : 20014. Name : Evershine Millennium ParadiseType : Residential & CommercialLocation : Thakur Village, Kandivali (East)Size (sq. ft.) : 19,31,394Year of Completion : 2005Upcoming Projects1. Name : Evershine MeadowsType : ResidentialLocation : Mahim (East), MumbaiSize (sq. ft.) : 2,43,650Estimated Year of Completion : June 2014Projects (Domestic/International):12
  • 18. FORUM PROJECTS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 4/1 Red Cross Place, Kolkata 70001: Mr.VidyutSaraf : Director: 033-40117000 : 033-22487843: info@forumprojects.in : www.forumprojects.in: Cut above the rest is the phrase that best describes the essence of Forum Projects. As real estate developers the core strength ofForum Projects is to build the right development mix based on location, market scenario and the needs of the society.The endeavour isto create not only a financially viable development but also landmark projects based on innovative ideas that will set high standardswithintheindustry.BeitInfinity,ForumorTechnopolis,thevisionofthecompanyistothinkaheadoftime,understandthetrendsinvariousindustriesandcreate international standard infrastructure for those industries. The idea is to incorporate norms and practices today which wouldbecomemandatesforotherstofollowinfuture: `6.00CrTop Company OfficialsMr. Rahul Sarafrahul@forumprojects.inManaging DirectorMr. Vidyut SarafDirectorvidyut@forumprojects.inCompleted Projects1. Name : InfinityType : IT ParkLocation : Sector V, KolkataSize (sq. ft.) : 5,60,000Year of Completion : 20002. Name : Forum & Forum CourtyardType : Retail & Multi level car parkingLocation : Elgin Rd, KolkataSize (sq. ft.) : 2,00,000 +2,00,000 respectivelyYear of Completion : 20033. Name : TechnopolisType : IT ParkLocation : Sector VSize (sq. ft.) : 6,75,000Year of Completion : 20064. Name : Forum MartType : Retail & CommercialLocation : BhubaneswarSize (sq. ft.) : 1,65,000Year of Completion : 2004Upcoming Projects1. Name : AtmosphereType : Luxury ResidentialLocation : KolkataSize (sq. ft.) : 5,00,000Estimated Year of Completion : 20142. Name : Centenary MallType : Retail & CommercialLocation : JamshedpurSize (sq. ft.) : 9,00,000Estimated Year of Completion : 20123. Name : Forum Pravesh & RangoliType : Residential + RetailLocation : HowrahSize (sq. ft.) : 4,80,000 + 10,65,000 respectivelyEstimated Year of Completion : 2013 & 2012 respectively4. Name : Technopolis IIType : IT ParkLocation : Bantala, KolkataSize (sq. ft.) : 14,00,000Estimated Year of Completion : 2012Projects (Domestic/International):Projects : Retail, Commercial, Residential & ITProject Location(s) : Kolkata, Jamshedpur, Bhubaneswar, Howrah, Rourkela, AdityapurSubsidiary Companies : Safari Retreats Pvt. Ltd. Forum Ventures Pvt. LtdBengal Forum Housing Development Ltd.Joint Ventures: Safari Retreats Pvt. Ltd. - A joint venture with Banyan Real Estate Fund of Mauritius for development of ashopping mall with multiplex and office complex in Bhubaneswar.Bengal Forum Housing Development Limited - A joint venture with West Bengal Housing Board toundertake development of residential projects in urban and rural areas.Awards / Recognitions :v vvvvvvvvvvvvvvvvvvRetail & Real EstateBrick & Mortar Award 2003 by the Architect FraternityABID Award 2006 from the Architects, Builders, Interior Decorators & Allied BusinessesConcern for Calcutta Award for Rainwater Harvesting & Green Building 2005Award for Creation of barrier free environment 2007-from the Dept of WCD & Social Welfare (Govt. of WB)Award for Emerging Retailer of the Year (Real Estate) by Asia Retail Congress 2008 -Award for most admired shopping centre of the year TIER II to Forum Mart, Bhubaneswar by Indian Shopping Centre Association 2009National Award for the Empowerment of Persons with Disabilities, 2010 - The award was conferred by H.E. The President of India atVigyan Bhawan, New Delhi on 3rd December, 2010Realty Plus Professional Excellence in Real Estate Award 2011IT & GreenTiEGER Award 2006 by TiEEnvironment Excellence Award 2006 - awarded by West Bengal Cleaner Production CenterGold Certification 2006 - by United States Green Building Council under the LEED rating systemWEBEL Award 2006 by West Bengal Electronics Industry Development Corporation Limited for creating the best IT infrastructureWEBEL Award 2007 - awarded by West Bengal Electronics Industry Development Corporation Limited for contribution to ICTDevelopment in West BengalCarbon Credits 2007 - 1st Green Building in the world to be registered as a CDM project with UNFCCC to earn Carbon Credits14
  • 19. G:CORP PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: # 21/19, Craig Park Layout, Off. M.G. Road, Bangalore - 560001: Mr.GhanshyamSheth : Chairman: 080-25320315,25320316 : 080-25320315: infobangalore@gcorpgroup.com : www.gcorpgroup.com: G:Corpisanation-widepropertydeveloperwithalonghistorygoingbacktotheoriginalcoreteamofGreatEasternShipping.Thisteamcontinues to build our success and is responsible for several of the countrys landmark buildings. The group is active in all vital realestatesegments–residential,commercial,retail,entertainment,hotelsandtownships.Projects : Residential & CommercialProject Location(s) : BangaloreSubsidiary Companies : G:Corp Projects Private LimitedG:Corp Developers Private LimitedG:Corp Homes Private LimitedvvvTop Company OfficialsMr. Muninder SeeruExecutive Directormuninders@gcorpgroup.comMr. Jayesh ThakkarVP - Financejayesh@gcorpgroup.comCompleted Projects1. Name : Zen GardensType : ApartmentsLocation : Artillery RoadSize (sq. ft.) : 1,24,000Year of Completion : 20072. Name : Rays of LightType : ApartmentsLocation : Millers RoadSize (sq. ft.) : 32,000Year of Completion : 20083. Name : Sky GardensType : Flats + Penthouse + HelipadLocation : Langford TownSize (sq. ft.) : 2,15,000Year of Completion : 20104. Name : Lido MallType : CommercialLocation : Swami Vivekananda RoadSize (sq. ft.) : 1,20,000Year of Completion : 2006Upcoming Projects1. Name : M.G. One MallType : CommercialLocation : M.G RoadSize (sq. ft.) : 2,25,000Estimated Year of Completion : 20112. Name : The IconType : FlatsLocation : ThanisandraSize (sq. ft.) : 28,00,000 approx.Estimated Year of Completion : 2014Projects (Domestic/International):16
  • 20. GODREJ PROPERTIES LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Godrej Bhavan, 4A, Home Street, Fort, Mumbai - 400001, India: Ms.MerrylDsouza : AssistantManager-Media&PR: 022-66510200 : 022-22072044: mdsouza@godrejproperties.com : www.godrejproperties.com: Established in 1990, Godrej Properties Limited (GPL) brings the Godrej Group philosophy of innovation and excellence to the realestate industry. GPL aspires to be among Indias top three real estate companies while continuing to be the most trusted name in theindustry. GPL has completed several landmark projects and is currently developing significant projects in 11 cities across India.Throughoutitsoperations,GPLaimstodeliversuperiorvaluetoallstakeholdersthroughextraordinaryandimaginativespacescreatedoutofdeepcustomerfocusandinsight.GodrejPropertiesLtd.islistedontheBombayStockExchange(BSE)andTheNationalStockExchange(NSE).: `4,56.07Cr.Projects : Residential, Commercial and Township ProjectsProject Location(s) : Mumbai, Ahmedabad, Gurgaon, Chandigarh, Kolkata, Bangalore, Mangalore,Pune, Chennai, Hydrebad and KochiSubsidiary Companies : Godrej Industries Ltd.Awards / Recognitions :vvvvvvvvPlanet Godrej received Mumbai - 7 Star Rating by Crisil. This is the highest rating awarded to a project based onseveral stringent project specific parameters like construction quality, legal quality, financial quality and innovativeness.Godrej Properties was awarded the Best Business Practices, 2009 and 2010 award by Accommodation Times.Planet Godrej (Tower 1 to 4) declared as the winner in the "Best Residential Project in Western India" category at theCNBC AWAAZ CRISIL CREDAI Real Estate Awards 09.Godrej Properties was ranked No.1 in the construction and real estate industry in Indias Best Companies To Work For,2009 survey, conducted by The Economic Times and Great Place To Work InstituteGodrej Properties was awarded Corporate Governance of the Year, 2008 by Accommodation TimesGodrej Properties featured among the top ten construction companies in India for five consecutive years 2006, 2007,2008, 2009 & 2010 according to a study conducted by Construction WorldPlanet Godrej was awarded Project of the Year - Mumbai for the year 2007 by the Accommodation TimesPlanet Godrej was also awarded the Pinnacle Award, 2006 by ZEE Business for being the best upcoming real estateproject in IndiaTop Company OfficialsMr. Milind KordeManaging Directormaria@godrejproperties.comMr. Pirojsha GodrejExecutive Directormanishap@godrejinds.comCompleted Projects1. Name : Planet GodrejType : High Rise Apartment ComplexLocation : Mahalaxmi, MumbaiSize (sq. ft.) : 0.82 millionYear of Completion : 20102. Name : Godrej Woodsman EstateType : Residential apartment complexLocation : Bellary Road, BangaloreSize (sq. ft.) : 1.78 millionYear of Completion : 20103. Name : Godrej CastlemaineType : IT park, commercial office and retail spaceLocation : Off Bund Garden Road, PuneSize (sq. ft.) : 0.2 millionYear of Completion : 20054. Name : Godrej EterniaType : IT park, commercial office and retail spaceLocation : Mumbai-Pune Road, PuneSize (sq. ft.) : 0.57 millionYear of Completion : 2011Upcoming Projects1. Name : The TreesType : Mixed use projectLocation : Vikhroli, MumbaiSize (sq. ft.) : 2.8 millionEstimated Year of Completion : 20142. Name : Godrej Garden CityType : Township -Residential and CommercialLocation : off SG highwaySize (sq. ft.) : 40.43 millionEstimated Year of Completion : 20173. Name : Godrej Palm GroveType : ResidentialLocation : NH-4 Bengaluru Highway, ChennaiSize (sq. ft.) : 1.8 millionEstimated Year of Completion : 20154. Name : Godrej FrontierType : ResidentialLocation : off Delhi-Jaipur highway i.e. NH 8, GurgaonSize (sq. ft.) : 1.05 millionEstimated Year of Completion : 2014Projects (Domestic/International):18
  • 21. COMPLETED PROJECTSUPCOMING PROJECTSGodrej Castlemaine Godrej EterniaGodrej Woodsman EstatePlanet GodrejGodrej FrontierGodrej Garden CityGodrej Palm GroveThe Trees19
  • 22. HBN HOMES COLONISERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: B-53, B-1 Community Centre, Janak Puri, New Delhi – 110058: Mr.HSSran : CEO: 011-25555302 : 011-25555303: cmd@hbnglobal.com : www.hbnglobal.com: HBNHomesColonisersPvt.LtdisastrategicbusinessarmofHBNGroupandisinvolvedinthedevelopmentofTownshipsandcreationof retail revolution in the country. The Group has embarked an ambitious project of developing 10 Malls within a space of two yearsalongwiththedevelopmentofintegratedtownships.: `100Cr.Projects : Commercial & ResidentialProject Location(s) : BathindaMohaliIndoreRaipurNew DelhiOther Businesses : HBN Housing Finance Ltd. – Providing loan facilities for residential &commercial properties.Group Companies : Viraman Buildcon Developers Pvt. Ltd.Smriti Buildcon Pvt. Ltd.Sonali Colonisers Pvt. Ltd.Shuvam Colonisers Pvt. Ltd.Ambreen Projects & Infrastructure Pvt. Ltd.vvvvvvvvvvTop Company OfficialsMr. H S SranCEOcmd@hbnglobal.comMr. Amandeep Singh SranChairmansran.aman82@gmail.comCompleted Projects1. Name : HBN Peninsula Mall, BathindaType : Mall cum MultiplexLocation : NH-15, BathindaSize (sq. ft.) : 1.75 LacsYear of Completion : 20102. Name : HBN Sunrise City, BathindaType : Integrated TownshipLocation : Mansa Road, BathindaSize (sq. ft.) : 65 AcersYear of Completion : 20093. Name : The Radisson HotelType : Hotel cum MallLocation : Paschim Vihar, New DelhiSize (sq. ft.) : 8.5 LacsYear of Completion : 20104. Name : HBN Sunrise City, UjjainType : Integrated TownshipLocation : Indore Road, UjjainSize (sq. ft.) : 2.5 LacsYear of Completion : 20105. Name : HBN Country Inn ClubType : ClubLocation : HBN Sunrise City, Mansa Road, Bathinda, PunjabSize (sq. ft.) : 80,000Year of Completion : 2011Upcoming Projects1. Name : HBN Millenium Mall cum HotelType : Country Inn & Suites (Hotel)/ Mall/Corporate TowerLocation : HBN Sunrise City, MansaRoad, Bathinda, Punjab.Size (sq. ft.) : 3 LacsEstimated Year of Completion : 20112. Name : The Malwa HBN Mall, IndoreType : Country Inn & Suites (Hotel)/ Mall/MuiltiplexLocation : M R Road 10,IndoreSize (sq. ft.) : 6.5 LacsEstimated Year of Completion : 20113. Name : HBN Capitol Mall, RaipurType : Country Inn & Suites (Hotel)/Mall/MultiplexLocation : Ring Road No. 1,RaipurSize (sq. ft.) : 6 LacsEstimated Year of Completion : 20124. Name : HBN Mall, MohaliType : Country Inn & Suites (Hotel)/Mall/MultiplexLocation : Mohali, PunjabSize (sq. ft.) : 2.50 LacsYear of Completion : 2012Projects (Domestic/International):22
  • 23. HIRANANDANI CONSTRUCTIONS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: Olympia, 2nd Floor, Hiranandani Business Park, Central Avenue, Powai, Mumbai – 400076: Mrs.GirijaMenon/Mrs.JijiJacob : ExecutiveAssistant/Secy.: 022–2576705/6891 : 022–25706450: menon.girija@hiranandani.net/jacob.jiji@hiranandani.net : www.hiranandani.net: HiranandaniGroupisanorganizationdrivenbypeople.Communityisourreasonofexistenceanditshappinessourmotivation.Faceofthe new generation, Hiranandani is acknowledged for its emphasis on humanizing the urban environment and striking a balancebetweengreeneryandconcrete.Be it through the flagship business of real estate or its foray into education, healthcare, hospitality, retail and entertainment; with thevision, expertise and experience of its dynamic promoters, Mr. Niranjan and Mr. Surendra Hiranandani, the Group continues to deliverbetterexperienceineveryaspectoflife,thusleadingtheHiranandaniGroupofitsmission,ofcreatingbettercommunities.Top Company OfficialsMr. Niranjan HiranandaniManaging Directorniranjan@hiranandani.netMr.Managing Directorsurendra@hiranandani.netSurendra Hiranandani23
  • 24. HM GroupAddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: #14, HM Geneva House, 6th Floor, Cunningham Road, Bangalore – 560052: Mrs.Manjusri : DGM–Sales&Marketing: 080–22382288 : 080-22253761: manjusri@hmconstructions.com : www.hmconstructions.com: HM Constructions is one of the Bangalores largest real estate company with 19 years track record of sustained growth and customersatisfaction. Today, HM constructions behold the flagship of a conglomerate with 57 completed projects, both residential andcommercialinprimelocationofBangalorewiththousandsofsatisfiedcustomers.ThecoremandateofHMGroupistodevelopprimerealestateintoup-townlandmarks.FocusinupondeliveringqualitybuiltenvironsatchoicestlocationsinBangalore.HM is aggressive in registering its presence in the ever competitive real estate development business with products that feature state-of-the-artdesign,worldclassambience,uniquefeaturesandfacilitiesthatarerequiredformoderndaylivingandworking.Projects : Residential & CommercialProject Location(s) : BangaloreOther Businesses : Leisure & EntertainmentProperty ManagementInterior DesigningSubsidiary Companies : HM Management & Consulting ServicesHM Leisure & EntertainmentShop DesignAwards / Recognitions : Our greatest recognition is the satisfaction and the smiles on the face of the customers,employees and associates.vvvvvvTop Company OfficialsMr. Hanif J.SiwaniDirector & Partnerhmconstructions@vsnl.comMr. Maheboob J. SiwaniDirector & Partnerhmconstructions@vsnl.comCompleted Projects1. Name : HM GladiolusType : Super Luxury ApartmentsLocation : Aga Abbas Ali RoadSize (sq. ft.) : Approx. 87,000Year of Completion : 20052. Name : HM TambourineType : Luxury ApartmentsLocation : J.P. Nagar 6th Phase, BangaloreSize (sq. ft.) : Approx. 3,38,000Year of Completion : 20053. Name : HM Geneva HouseType : Commercial & RetailLocation : Cunningham Road, BangaloreSize (sq. ft.) : Approx. 1,00,000Year of Completion : 19994. Name : HM VibhaType : Commercial & RetailLocation : Hosur Main Road, Next to Forum MallSize (sq. ft.) : Approx. 2,25,000Year of Completion : 2007Upcoming Projects1. Name : HM GrandeurType : Uber Luxury ApartmentsLocation : Wheelers Road, Frazer Town, BangaloreSize (sq. ft.) : Approx.1,50,000Estimated Year of Completion : Dec 20122. Name : HM Tropical TreeType : Super Luxury ApartmentsLocation : RT Nagar, Near BDA Complex, BangaloreSize (sq. ft.) : Approx.1,93,000Estimated Year of Completion : Dec 20123. Name : HM InfoparkType : CommercialLocation : Electronic city BangaloreSize (sq. ft.) : Approx.10,20,000Estimated Year of Completion : Phase I (1,20,000 Sft is completed)Phase II Under progress4. Name : HM Tech ParkType : CommercialLocation : Hope Farm Circle, Whitefield, BangaloreSize (sq. ft.) : Approx. 2,00,000Estimated Year of Completion : Completed & Ready to OccupyProjects (Domestic/International):24
  • 25. JAIPRAKASH ASSOCIATES LTD. /JAYPEE INFRATECH LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Sector-128, Noida – 201304, (UP): Mr.VibhorGupta : DGM-Marketing: 0120-2470800 : 0120-4609160: The real estate development by Jaypee Group since year 2000 under the brand name Jaypee Greens has been creating lifestyleexperiencesfrombuildinggolf-centricpremiumresidencestobuildingmegatownshipstobuildingselfsustainedmegacities.Jaypee Greens is rated to be one of the largest urban real estate developments with three projects under implementation in NCRtotaling over 6600 acres. Jaypee Greens family is increasing rapidly with 23,000 families added in the last two years alone. The threeprojects under implementation of the Company are Jaypee Greens Greater Noida, Jaypee Greens Wish Town Noida, and JaypeeGreensSportsCity.: wishtown@jaypeegreens.com, response@jaypeegreens.com, : www.jaypeegreens.comsportscity@jaypeegreens.com: `14,000Crore/US$3bnapprox.Projects : Creating large format Townships which include Premium Residences, Recreational & SportsFacilities, Educational Institutes, Hotels and Commercial Spaces.Project Location(s) : Jaypee Greens Greater NoidaJaypee Greens Wish Town NoidaJaypee Greens Sports City on Yamuna ExpresswayOther Businesses : The Group is a leading player in various sectors like Heavy Engineering & CivilConstruction, Power (hydro & thermal), Cement, Hospitality, Real Estate, Expressways &Education (not-for-profit).Awards / Recognitions :vvvYear Award Recipient2011 International Property Awards in association with Jaypee Greens Greater NoidaBloomberg TV - Best Golf Development2011 International Asia Pacific Property Awards - Jaypee Greens Greater NoidaBest Development (Multiple Units) Golf Villas2010 Overseas Living Luxury Lifestyle Awards- Jaypee Greens Greater NoidaBest Lifestyle Development2010 Bloomberg Asia Pacific Property Awards- Kallisto Townhomes atBest Development India Jaypee Greens Wish Town Noida2010 Bloomberg Asia Pacific Property Awards - Jaypee Greens Sports CityBest Mixed Use DevelopmentTop Company OfficialsMr. Manoj GaurExecutive ChairmanJaiprakash Associates Ltd. &CMD, Jaypee Infratech Ltd.Mr. Sunil SharmaExecutive Vice-ChairmanJaiprakash Associates Ltd. &Vice Chairman, Jaypee Infratech Ltd.Completed Products1. Name : Estate Homes & Villas Type : Independent HomesLocation : Greater Noida Size (sq. ft.) : 500 -1000 Sq. YdYear of Completion : Delivered2. Name : Earth Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 4400 Sq. FtYear of Completion : Delivered3. Name : Sea Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 3050 Sq. FtYear of Completion : Delivered4. Name : Sun Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 3900 Sq. FtYear of Completion : Near CompletionUnder Construction Products5. Name : Star Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 1461 - 1850 Sq. Ft.Estimated Year of Completion : 2011/ 20126. Name : Crescent Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 1250 - 3375 Sq. Ft.Estimated Year of Completion : 2011/ 20127. Name : Spa Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 3150 Sq. FtEstimated Year of Completion : 20128. Name : Moon Court Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 1250-1850 Sq. Ft.Estimated Year of Completion : 20129. Name : The Castille Type : Luxury ApartmentsLocation : Greater Noida Size (sq. ft.) : 2200 - 3000 Sq. Ft.Estimated Year of Completion : 2013Projects (Domestic/International):PROJECT:JAYPEEGREENSGREATERNOIDASpread across 452 acres, Jaypee Greens Greater Noida is the maiden golf centric residential project of Jaypee Group. The project integrates Luxury Villas andApartments with an 18 Hole Greg Norman Signature golf course, 9 hole Chip & Putt golf course, landscaped parks and lakes along with Atlantis - The Club which is anIntegratedSportscomplex,60acreNatureReserve,aGolfResortincollaborationwithSixSensesSpa,TownCentreetc.26
  • 26. COMPLETED PRODUCTSEstate Homes Star CourtUNDER CONSTRUCTION PRODUCTSEarth CourtSea CourtCrescent CourtSpa CourtSun Court Moon CourtGreg Norman 18 Hole Signature Championship Golf Course at Jaypee Greens Greater NoidaJAYPEE GREENS GREATER NOIDA27
  • 27. PROJECT: JAYPEE GREENS SPORTS CITYThe 5000 acre Jaypee Greens Sports City located on the Yamuna Expressway, is the latest project launched by Jaypee Group and comprises of a first-of-its-kind-in-India Formula-1RacingTrack knownasBuddhInternationalCircuit,Internationalstandardcricket andothersports stadiaspreadacross 850acres.Thedevelopmentwill be divided into various thematic districts offering commercial, residential and institutional facilities. The Commercial areas will offer well defined areas for elaboratefinancialandciviccenters.TheResidentialDistrictswillhaveavastrangeofproductsincludingvillas,townhomes,residentialplotsandmidtohighriseapartmentblocks,withregularwatersupply,24hourselectricpowersupply,round-the-clocksecurityandmostmodernamenitiesforasafe,secureandcomfortablelife.1. Name : Country HomesType : Independent PlotsLocation : Yamuna ExpresswaySize (sq. ft.) : 3550 - 4550 sq. ft.Year of Completion : 20112. Name : Krown PlotsType : Independent PlotsLocation : Yamuna ExpresswaySize (sq. ft.) : 4400 sq. ft.Year of Completion : 20113. Name : Kassia ApartmentsType : Luxury ApartmentsLocation : Yamuna ExpresswaySize (sq. ft.) : 1800 - 3300 sq. ft.Estimated Year of Completion : 20144. Name : The KoveType : Luxury ApartmentsLocation : Yamuna ExpresswaySize (sq. ft.) : 815 -1600 sq. ft.Estimated Year of Completion : 2015Projects (Domestic/International):28
  • 28. JAYPEE GREENS SPORTS CITYCountry Homes Kassia ApartmentsKrown Plots The KoveInternational Cricket Stadium Buddh International Circuit29
  • 29. PROJECT:JAYPEEGREENSWISHTOWNNOIDAJaypee Greens Wish Town Noida is a picturesque community beautifully tucked-in neatly within the numerous golf facilities, mixed with world-class residences,recreational areas, commercial and institutional spaces. Wish Town is a diverse, progressive, vital community spread over 1162 acres that combines sophisticatedliving with pure natural surroundings. It offers excellent educational facilities, international standard health care facilities, recreational and entertainment centers,various art and cultural galleries, museums, spiritual centers, hotels, multiple shopping complexes, corporate offices, IT parks and public services. Wish Town offerscompletevarietyofpremiumprojectswithinitself.Under Construction Products1. Name : The Pavilion CourtType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 815-1600 sq. ft.Estimated Year of Completion : 20112. Name : The Pavilion HeightsType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 1240 - 2500 sq. ft.Estimated Year of Completion : 20123. Name : Augusta HomesType : Independent HomesLocation : NoidaSize (sq. ft.) : 4400 sq. ft.Estimated Year of Completion : 20124. Name : Kallisto TownhomesType : Independent HomesLocation : NoidaSize (sq. ft.) : 3550-4550 sq. ft.Estimated Year of Completion : 20125 Name : Imperial CourtType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 2300-3300 sq. ft.Estimated Year of Completion : 20136 Name : Kosmos ApartmentsType : ApartmentsLocation : NoidaSize (sq. ft.) : 850-1860 sq. ft.Estimated Year of Completion : 20137 Name : Kensington BoulevardType : ApartmentsLocation : NoidaSize (sq. ft.) : 575-2250 sq. ft.Estimated Year of Completion : 20148 Name : Knight CourtType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 1985-5100 sq. ft.Estimated Year of Completion : 2014Under Construction Products9. Name : Wish Town KlassicType : ApartmentsLocation : NoidaSize (sq. ft.) : 935-2300 sq. ft.Estimated Year of Completion : 201410. Name : Kensington Plots & ApartmentsType : Independent Plots & ApartmentsLocation : NoidaSize (sq. ft.) : 1050-2100 sq. ft. & 128-450 sq. ft.Estimated Year of Completion : 201411. Name : The OrchardsType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 1235-4285 sq. ft.Estimated Year of Completion : 201512. Name : Kasa IslesType : ApartmentsLocation : NoidaSize (sq. ft.) : 535-2300 sq. ft.Estimated Year of Completion : 201513. Name : Pebble BeachType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 4600-4900 sq. ft.Estimated Year of Completion : 201514. Name : Kingswood OrientalType : Independent HomesLocation : NoidaSize (sq. ft.) : 3850-5350 sq. ft.Estimated Year of Completion : Excavation+36 Months15. Name : The KubeType : ApartmentsLocation : NoidaSize (sq. ft.) : 995-4400 sq. ft.Estimated Year of Completion : Excavation+36 Months16. Name : Krescent HomesType : Luxury ApartmentsLocation : NoidaSize (sq. ft.) : 1115-2375 sq. ft.Estimated Year of Completion : Excavation+36 MonthsProjects (Domestic/International):30
  • 30. The Pavilion Court Wish Town KlassicThe Pavilion HeightsAugusta HomesKensington Plots & ApartmentsThe OrchardsThe Kallisto Townhomes Kasa IslesJAYPEE GREENS WISH TOWN NOIDAUNDER CONSTRUCTION PRODUCTS UNDER CONSTRUCTION PRODUCTS31
  • 31. COMPLETED PROJECTSJaypee Greens Golf CourseJAYPEE GREENS WISH TOWN NOIDACONSTRUCTION IN FULL SWINGJaypee Greens Golf Course32
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  • 33. JINDAL REALTY (P) LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: M-11, Middle Circle, Connaught Place, New Delhi – 110001: Mr.PradeepVarshney : CEO: 011-47108341 : 011-47108332: pradeep.varshney@jindalsteel.com : www.jindalrealty.com: JindalRealtyPrivateLimited(JRPL)isapartoftheO.P.JindalGroup-oneofIndiasmostdynamicbusinessgroupsthatranksamongstthetopsixIndianBusinessHouseswithassetsworthUS$12billion.The group has successfully forayed into the Real Estate sector, and is today setting benchmarks in the realty realm with severalresidentialandcommercialprojects,whichincludeJindalGlobalCity,SonepatandJindalGlobalCity,Kurukshetra.GlobalLiving,LocallyJindal Global City at Sonepat is located along the NH1, and is just 2 km from the KMP Expressway. This resort oriented township isspread over a sprawling 650 acres offering limited edition cottages, modern leisure homes and independent floors. The large expanseis shared by commercial zones, educational institutions, healthcare facilities with scores of amenities and facilities to enrich life withgrandeur. Among the major attractions is the Elite Club meant for world class recreation and rejuvenation. Also, the Jindal BusinessPark and Jindal Square, spread over 35 acres, are an exciting mélange of ultra-modern office spaces and renowned retail names.JindalGlobalCityisonedestinationwhichistrulyaharmoniousblendofmodernlivingandlushgreenenvirons.ACutabovetheRestJindal Global City at Kurukshetra is yet another eco-friendly integrated township spread over 89 acres in Sector-29, ready forpossession.Away from the madding crowd yet conveniently located within 1 km of the National Highway No.1, it is well connected withDelhi and Chandigarh on the 6-lane expressway and is surrounded byAmbala,Yamunanagar, Kaithal and Karnal.The township offersready-for-possessionplots,choiceofSpanish,Mediterranean,Continentalandcontemporaryvillas,commercialinfrastructurebesidesa rich blend of amenities, which include schools with play zones, academic and vocational institutions, medical infrastructure andtraditionalhealthcarelikeYogaandReiki.Thisspecialaddressoffersaneorichurbanlifestylethatisacutabovetherest.1. Name : Jindal Global City - KurukshetraType : TownshiplSize : 89 AcresEstimated Year of Completion : 2011-12Location : Sector 29, Umri Chowk, KurukshetraPlotslVillaslExpandable HomeslClublGallerialDispensarylEducational Institutions2. Name : Jindal Global City - SonepatType : TownshipSize : 650 AcresEstimated Year of Completion : 2012-13Location : Sector 33-35, SonepatlPlotslJindal – Farm VillazlJindal - ResidencylJindal - HeightslJindal – Elite ClublJindal - Corporate ParklJindal - GalleriaProjects (Domestic/International):Projects : TownshipProject Location(s) : Kurukshetra and SonepatGroup Companies /Jindal Petroleum LimitedJindal Steel BoliviaJindal CementAwards / Recognitions :Jindal Steel & Power Limited received the National Energy Conservation Award 2010Jindal Steel & Power Limited won Forbes Asia’s “Fabulous 50” International AwardJindal Steel & Power Limited ranked at No. 25 in the list of Super 100 companies in IndiaJSPL accorded “ Think Odisha Leadership Award” for excellence in CSRAnd many more .....Other Businesses :Jindal Steel & Power LimitedJindal Power LimitedllllllllllTop Company OfficialsMr. Pradeep VarshneyCEOpradeep.varshney@jindalsteel.comMr. Sunil MalhotraCFOsunil.malhotra@jindalsteel.comUPCOMING PROJECTS34
  • 34. KALPATARU GROUPAddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: 91, Kalpataru Synergy, Opp. Grand Hyatt, Santacruz (E), Mumbai 400055: Mr.BhavikBhandari : DGM,Marketing: 022-30643303 : 022-30644303: bhavik.bhandari@kalpataru.com : www.kalpataru.com: Established in 1969 by chairman and founder, Mr. Mofatraj P. Munot, the Kalpataru Group is a conglomerate with interests thattranscendthefieldofrealestate,andanemployeebaseofover6000qualifiedprofessionals.Kalpataruhasover42yearsofexperiencein the real estate industry and 73 landmarks to its name. It has also made its mark in other areas such as power transmission, civilcontracting,infrastructuredevelopment,propertyandintegratedfacilitiesmanagementservices,andlogisticsandwarehousing.Kalpataru Limited is the groups flagship company and its core competency is the development of residential, commercial, retail,integrated townships, lifestyle gated communities and redevelopment projects. Significant contributions to the field of real estateearned the company several accreditations and awards from prestigious institutions such as CNBCAsia-Pacific, CNBCAwaaz-Crisil,MCHIandConstructionWorld.With a philosophy that aims at not just providing people their dream homes but also granting their wish for a better quality of life, thecompanyhassuccessfullybroughtaboutarealchangetothethousandsoflivesithastouched.Projects : Residential, Commercial, Retail, Integrated Townships, Lifestyle gated communities andRedevelopment projectsProject Location(s) : Mumbai, Thane, Pune, Surat, Nagpur, Jaipur and UdaipurOther Businesses : Kalpataru Power Transmission Ltd. - Power TransmissionCivil Contracting & Infrastructure DevelopmentLogistics & Warehousing ServicesProperty Management & Integrated Facility ManagementAwards / Recognitions :vvvvvvvvvvJMC Projects (India) Ltd. -Shree Shubham Logistics Ltd. -Property Solutions (I) Pvt. Ltd. -Kalpataru Limited has been awarded "Best Residential Real Estate Developer 2011 in Indian Subcontinent" at the WorldFinance Real Estate Awards 2011Korum received the Merit Award for "Best Design (shopping centers & arcades)" at the VMRD Awards 2011Kalpataru Group has been rated as "Indias Top Builders" by Construction World magazine for last 5 yearsKalpataru Aura was awarded 5 star rating for "Best Architecture (multiple residences), India" at the Asia PacificResidential Property Awards 2010 in association with Bloomberg TelevisionKalpataru Square was awarded 5 star rating for "Best Office Development, India" at the Asia Pacific CommercialProperty Awards 2010 in association with Bloomberg TelevisionKalpataru Square is Asias first and worlds sixth building to get Platinum Level Certification LEED - Core & Shell v.2.0 byUS Green Building Council - 2009Top Company OfficialsMr. Mofatraj MunotChairmanMr. Parag MunotManaging DirectorCompleted Projects1. Name : Kalpataru HorizonType : Luxury residential twin-towersLocation : Worli, MumbaiSize : 102 unitsYear of Completion : 20062. Name : Kalpataru HabitatType : ResidentialLocation : Parel, MumbaiSize : 170 unitsYear of Completion : 20053. Name : Kalpataru ResidencyType : ResidentialLocation : Sion, MumbaiSize : 138 unitsYear of completion : 20034. Name : Kalpataru EstateType : ResidentialLocation : Andheri (E), MumbaiSize : 921 unitsYear of Completion : 2008Upcoming Projects1. Name : Kalpataru PinnacleType : ResidentialLocation : Goregaon (W), MumbaiSize : Approx. 80 unitsYear of Completion :Year of Completion :Year of Completion :Year of Completion :2. Name : Kalpataru AuraType : ResidentialLocation : Ghatkopar (W), MumbaiSize : Approx. 1240 units3. Name : Kalpataru CrestType : ResidentialLocation : Bhandup (W), MumbaiSize : Approx. 360 units4. Name : Kalpataru HarmonyType : ResidentialLocation : Wakad, PuneSize : Approx. 482 unitsProjects (Domestic/International):36
  • 35. COMPLETED PROJECTSUPCOMING PROJECTSKalpataru Estate, MumbaiKalpataru Habitat, MumbaiKalpataru Horizon, MumbaiKalpataru Residency, MumbaiKalpataru Aura, MumbaiKalpataru Crest, Mumbai Kalpataru Harmony, PuneKalpataru Pinnacle, Mumbai37
  • 36. LANCO HILLS TECHNOLOGY PARK PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Plot No. 4, Software Units layout, Madhapur, Hi-tech City, Hyderabad - 500081: Mr.S.VenkataRamaReddy : Director: 040-44799447 : 040-44799555: svrr@lancogroup.com : www.lancohills.com:: `83cr (Mar10)/USD17millionM/s Lanco Hills Technology Park Pvt. Ltd., is into development of Integrated IT Park at Manikonda Village, Rajendra Nagar Mandal,Ranga Reddy district . The project includes massive development of IT (both SEZ and Non-SEZ), Residential Development andCommercialDevelopment.Theentiredevelopmentistothetuneofnearly30millionsft.whichisoneofitskindintheentirecountry.Lanco Hills is one of the worlds largest mixed development projects. Designed to change the very skyline of Hyderabad, Lanco Hillsspreads across awe-inspiring acres of pristine land with world-class facilities and contemporary architecture. In scale and magnitude,fewcanmatchitsvision.Acityinitsownright,thismodernmetropolisisallsettoredefineHyderabadsskyline.ThisUSD1.5billionmegaproject,LancoHillsistheresultofmeticulousdetailingbytheworldsmostrenownedarchitects&consultantswhosecombinedeffortshavestructureditseleganttowers.Lanco Hills will be a unique world within, with convenient access to homes, premium office spaces, entertainment, hotels, leisure andshopping at one place. With the worlds tallest residential tower as a signature landmark and one of the best Clubhouses in the country,LancoHillswillbeanaddresstobeaspiredfor.Breathtakingvistas,landscapedgardensandhigh-riselivingcombinetocreateanexperiencethatisuniqueandspectacular.Projects : Lanco HillsProject Location(s) : Sy. No. 201, Manikonda Village, Rajendra Nagar Mandal, Ranga Reddy districtOther Businesses :Awards / Recognitions : Has been awarded gold rating by Ministry 0f Environment and Forests for Zero WasteDischargeLanco Group Business Segments - Diverse portfolio encompasses Engineering, Procurement& Construction, Power, Solar, Natural Resources, Infrastructure & Property DevelopmentEngineering, Procurement & Construction - With its wide range of project executionexperience in subcritical (300/600 MW), supercritical (660 MW), gas based and combinecycle projects, Lanco aims to become a global EPC organisation in the near future.Power - Thermal, Hydro, Wind & Solar Power Generation at various locations.Solar Power - To realise the vision of providing sustainable, innovative and cost-effectivesolutions to Indias ever-increasing energy needs, Lanco is focused on commercialisingalternate technologies for green and efficient energy generation systems such as solarthermal and solar photovoltaic (PV).Natural Resources - With the acquisition of the Australian Griffin mines and the successful bidto develop the Mahatamil coal block in Chhattisgarh, Lanco has added over 2 billion tonnes ofcoal resources to its business portfolio.Infrastructure - Lancos Infrastructure development business is focussed on executing largecivil and urban projects such as roads, highways, ports, airports, railway lines, etc. Thedivision envisions a pan India Build, Operate and Transfer (BOT) project portfolio worth Rs.10,000 crore by 2015, with a strong focus on the highways sector.vvvvvTop Company OfficialsMr. S. PochendarDirector & CEOpochendar@lancogroup.comMr. S. Venkata Rama ReddyDirectorsvrr@lancogroup.comCompleted Projects1. Name : Lanco HillsType : Luxury ApartmentsLocation : ManikondaSize (sq. ft.) : 2.8 million sq. ft.Year of Completion : Being DeliveredUpcoming Projects1. Name : Hanging GardensType : Luxury VillasLocation : ManikondaSize (sq. ft.) : 0.33 million sq. ft.Estimated Year of Completion : 20132. Name : DominaType : CondominiumsLocation : ManikondaSize (sq. ft.) : 0.58Estimated Year of Completion : 2013million sq. ft.Projects (Domestic/International):38
  • 37. MFAR HOLDINGS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompany Profilevvv: # 3, Lavelle Road, Bangalore - 560001, Karnataka: Mr.Y.MoideenRizwan : ExecutiveDirector: 080-41217471 : 080-41217470: rizwan@mfarholdings.com : www.mfarholdings.com: Mfar Holdings Private Limited was established in the year 2003.Mfar Holdings focuses on 3 core segments:Social Infrastructure - Housing and RetailCommercial Infrastructure - IT parksServices - Property and Infrastructure Management Services: `24.75/US$5.5millionProjects : Business & IT Parks and Residential ProjectsProject Location(s) : States of KarnatakaKerala with emphasis on major cities like BangaloreCochinMangaloreOther Businesses : Property and Infrastructure Management ServicesSubsidiary Companies : Mfar Developers Private LimitedLeonis Developers Private LimitedParsec Infrastructure Development Private LimitedRegulus Infrastructure Management Consultancy Private LimitedvvvvvvvvTop Company OfficialsDr. P. Mohamed AliChairmanpma@mfarholdings.comMr. Y. Moideen RizwanExecutive Directorrizwan@mfarholdings.comCompleted Projects1. Name : Mfar Manyata Tech Park - Phase I, II, & IIIType : CommercialLocation : Nagawara, North BangaloreSize (sq. ft.) : 659,000Year of Completion : 2005-20082 Name : Mfar Silverline Technology ParkType : CommercialLocation : Whitefield, East BangaloreSize (sq. ft.) : 225,000Year of Completion : 2005sq. ft.sq. ft.Upcoming Projects1. Name : Mfar Manyata Tech Park - Phase IVType : CommercialLocation : Nagawara, North BangaloreSize (sq. ft.) : 1.4 millionYear of Completion : 20122 Name : Villa DevelopmentType : ResidentialLocation : Eroor, KeralaSize (sq. ft.) : 1 millionYear of Completion : 20133 Name : Business ParkType : CommercialLocation : Devanahalli, BangaloreSize (sq. ft.) : 6 millionYear of Completion : 2016 (Phased Development)4 Name : Villa DevelopmentType : ResidentialLocation : Mangalore, KarnatakaSize (sq. ft.) : 875,000Year of Completion : 2013sq. ft.sq. ft.sq. ft.sq. ft.Projects (Domestic/International):40
  • 38. COMPLETED PROJECTSUPCOMING PROJECTSMfar Manyata Tech Park, Phase I, Il, Ill Mfar Manyata Tech Park, Phase I, II, IIIMfar Silverline Technology Park Mfar Silverline Technology ParkMfar Manyata Tech Park, Phase IV Eroor Villa ProjectMangalore Villa Project41
  • 39. OMSHAKTHY AGENCIES (MADRAS) PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: “Om Shakthi Towers”, N-1, Jawaharlal Nehru Road, Ekkattuthangal, Chennai – 600032: Mr.R.Ramachanthran : Chairman&ManagingDirector: 044-22253355/66 : 044-22251133: r.ramachanthran@omshakthy.com : www.omshakthy.com: Omshakthy Agencies (Madras) Private Limited is Chennais leading land bank aggregator with allied interests in construction andresidential development. Promoted by Mr. R. Ramachanthran, a first generation entrepreneur, the company has over the years built itsreputation through its focus on seamless and turnkey land bank aggregation for industrial projects and residential townships.Omshakthy was the first company in Chennai to provide land aggregation services in a structured fashion and the company has beenthesolelandaggregatorformanyofthemilestoneprojectsinChennai.Incorporated in 1991, the company has till date aggregated over 3000 acres of land its clients. Possessing in house capabilities in landand construction, the company is now focused on moving up the value chain to positions itself as a developer of choice for theresidential & commercial customer by developing land mark residential projects on the land bank owned by the company in variouspartsofChennai: `300.00Cr/USD70MillionProjects : Residential, Commercial & Hotel, Factory buildings, Cold Storage UnitsProject Location(s) : AvadiK.K. NagarAdyarThirunelveliOther Businesses : Land AggregationHospitalityConstructionCold StorageSubsidiary Companies : Omshakthy FIRE Realty Pvt. Ltd.Santha Build-Tech India Pvt. Ltd.Omshakthy ConstructionOmshakthy Homes Pvt. Ltd.Omshakthy Hospitality Pvt. Ltd.OmshakthyCold Storage Pvt. Ltd.Omshakthy Construction (INDSPAN) Pvt. Ltd.vvvvvvvvvvvvvvvvTop Company OfficialsMr. R. RamachanthranChairman & Managing Directorr.ramachanthran@omshakthy.comMr. N.R. ManigantanExecutive Directornr.manigantan@omshakthy.comCompleted Projects1. Name : Sara CourtyardType : Residential ProjectLocation : K.K. NagarSize (sq. ft.) : 15,000Year of Completion : 20082. Name : Santha PatioType : Residential ProjectLocation : Adyar, ChennaiSize (sq. ft.) : 15,000Year of Completion : 20113. Name : Factory building for Numeric Power Systems Ltd.Type : ConstructionLocation : Old Mahabalipuram Road, ChennaiSize (sq. ft.) : 10,000Year of Completion : 20034. Name : Factory building for Hydrotech Paryavaran(India) Pvt. Ltd.Type : ConstructionLocation : Ambattur & Korathur, Chennai 3 big tanks of 2 mld &3 mldYear of Completion : 2009Upcoming Projects1. Name : Santha TowersType : Residential ProjectLocation : Avadi, ChennaiSize (sq. ft.) : 5,00,000Estimated Year of Completion : August 20132. Name : RR InnType : Three Star HotelLocation : ThirunelveliSize : 61 roomsEstimated Year of Completion : 20113. Name : Omshakthy Temple NagarType : Ploted DevelopmentLocation : Kundrathur, ChennaiSize (sq. ft.) : 4.25 acresEstimated Year of Completion : 20114. Name : Omshakthy CanopusType : Ploted DevelopmentLocation : Avadi - ChennaiSize (sq. ft.) : 40 acresEstimated Year of Completion : 2011Projects (Domestic/International):42
  • 40. OZONEGROUPAddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 38, Ulsoor Road, Bangalore - 560042: Mr.SVasudevan : Chairman&MD: 080-40395600 : 080-25325661: vasu@ozonegroup.com : www.ozonegroup.com: Ozonegroup is focused on enabling a quality lifestyle to the ever evolving and aspiring consumer - be it Residential, Commercial orLeisure development. Over the years, our transparency in dealings, uncompromising quality, customer focus, embracing internationaldesignandtechnology,havemadeourproductsthepreferredchoiceforthediscerningbuyer.Our offerings range from residential condominiums, row houses, villas, serviced apartments, hotels, resorts, spas, business parks,SEZs,integratedtownshipstoretailmalls.OurProjectsarecurrentlybeingimplementedinBangalore,ChennaiandGoa.Our key differentiator is the abundant infrastructure in all our projects. We address the most basic needs like Water, Power and Securitybesides providing high-end conveniences and creature comforts with similar attention that form the important essentials that drive ourbusiness objectives.All our projects have well designed infrastructure like wide internal roads, adequate car parks for our residents andtheir visitors, large open green spaces with water features, effective security systems, besides carefully chosen high quality buildingmaterials. We also invest significantly to make all our projects environment friendly, with rain water harvesting, solar heating andlighting,wastemanagementandothersimilareco-friendlyfeatures.Wefirmlybelieveinkeepingourcustomershappyintheenvironmentwecreatearoundthem.: 600Cr/US$125mnProjects : Residential, Commercial, SEZ, Hospitality, Leisure, Retail and TownshipsProject Location(s) : BangaloreChennaiGoaSubsidiary Companies : Ozone Projects Pvt. Ltd., ChennaiOzone Urbana Infra Developers Pvt. Ltd., BangaloreOzone Shelters Pvt. Ltd., BangaloreJoint Ventures : Ozone Properties Pvt. Ltd., (JV for commercial project OMTP)Awards / Recognitions : CREDAI Karnataka & Tamil Nadu MembervvvvvvTop Company OfficialsMr. Sudarshan K SChief Operating Officersudarshan@ozonegroup.comMr. Shashidar PaiChief Financial Officershashi@ozonegroup.comCompleted Projects1. Name : Ozone Manay Tech ParkType : Commercial office spacesLocation : Hosur Road, BangaloreSize (sq. ft.) : 5.5 LacYear of Completion : 20072. Name : ResidenzaType : ResidentialLocation : Off Sarjapur Road, BangaloreSize (sq. ft.) : 2.25 lacYear of Completion : 2010Upcoming Projects1. Name : The MetrozoneType : Mixed Use projectLocation : Anna Nagar ChennaiSize (sq. ft.) : 8.5 millionEstimated Year of Completion : 20142. Name : EvergreensType : ResidentialLocation : Off Sarjapur Road BangaloreSize (sq. ft.) : 1.1 MillionEstimated Year of Completion : 20123. Name : Ozone UrbanaType : TownshipLocation : North BangaloreSize (sq. ft.) : 10 millionEstimated Year of Completion : 2017Projects (Domestic/International):43
  • 41. PASHMINA BUILDERS & DEVELOPERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompany Profile: 2nd Floor Doddamane, #19/1, Vittal Mallya Road, Bangalore – 560001: Mr.M.S.Jaiganesh : VP-SalesandMarketing: 080-42636363 : 080-42636300: info@pashminadevelopers.com : www.pashminadevelopers.com: Pashmina Developers is a new age property development company having its operations in Bangalore, Mumbai and Pune. Everyapartment, row house, villa, commercial and retail properties of Pashmina carries a signature touch by combining unique designaesthetics with state-of- the-art construction technique. Mr. Asit Koticha, the Chairman of ASK Wealth Management Group, is thechief promoter of Pashmina Developers.Projects : ResidentialProject Location(s) : BangaloreMumbaiPunevvvTop Company OfficialsMr. Rajesh TurakhiaCEOrajesh@pashminadevelopers.comMr. M. S JaiganeshVP-Sales and Marketingjai@pashminadevelopers.comUpcoming Projects1. Name : Pashmina WaterfrontType : Luxury ApartmentsLocation : Old Madras Road, BangaloreSize (sq. ft.) : 25,00,000Estimated Year of Completion : 20132. Name : Pashmina VillasType : VillasLocation : Budigere, BangaloreSize (sq. ft.) : 5,00,000Estimated Year of Completion : 2013Projects (Domestic/International):44
  • 42. PATEL REALTY (INDIA) LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 2nd Floor, Patel Estate, Off. S.V. Road, Jogeshwari West, Mumbai 400102, India: Ms.RomanaParvi : GM-ProjectDevelopment: 022-61366500 : 022-26785475: romana.parvi@patelrealty.in : www.patelrealty.in: Established in Mumbai in 2007, Patel Realty (India) Ltd. (PRIL) is a wholly owned subsidiary of the Patel Engineering Group. PatelEngineering(BSE:PATENG)isasixtyyearoldcompanywithaglobalpresenceininfrastructure,powerandtunneling.Patel Realty (India) Ltd. operates as a diversified real estate development company. It currently has a portfolio comprising of threeintegrated townships, one million sq ft of high end commercial space in Mumbai and several other residential projects in Mumbai andMauritius.Theexecutionofalltheprojectsofthecompanyisbackedbyitsparentcompanywhichhassuccessfullycompleted over350Projects in over six decades and has a global presence in USA, Greece, Indonesia, China, Chile, Eritrea (Africa), Qatar, Nepal,Mauritius,SriLanka&Bhutan.: `100crores/US$22millionProjects : Residential, Commercial, Integrated Townships, RetailProject Location(s) : BangaloreMumbaiMauritiusvvvTop Company OfficialsMr. Pravin MalkaniPresidentpravin@patelrealty.inMr. Sanjay JavkarVice President - Financesanjay.javkar@patelrealty.inCompleted Projects1. Name : Patel Corporate ParkType : Commercial Development – OfficeBuildingLocation : MumbaiSize (sq. ft.) : 75,213Year of Completion : 2009Upcoming Projects1. Name : Neotown, Bangalore SouthType : Integrated Township comprising of residential apartments,retail SEZ and an IT ParkLocation : BangaloreSize (sq. ft.) : 85,00,000Estimated Year of Completion : Phase 1 and 2 - March 2012/ December 2012Phase 3 - June 2013Entire Township will ready and occupied by 20152. Name : NeomallType : Retail Development - largest open formatlifestyle centreLocation : Neotown, Bangalore SouthSize (sq. ft.) : 25,00,000Year of Completion : August 20133. Name : Neotown, Port LouisType : Integrated Township comprising of residential apartments,marina villas, townhouses, commercial and institutionaloffices, hotel, convention centre, casino and a marina clubLocation : MauritiusSize (sq. ft.) : 60,00,000Estimated Year of Completion : End 20184. Name : Patel EstateType : Commercial Development - Green initiative - Aiming toachieve LEED GOLD certificationLocation : MumbaiSize (sq. ft.) : 10,00,000Estimated Year of Completion : August 2013BangaloresProjects (Domestic/International):46
  • 43. COMPLETED PROJECTSUPCOMING PROJECTSPatel Corporate Park - MumbaiPatel Estate - MumbaiNeotown – Port Louis, MauritiusNeomall – BangaloreNeotown – Bangalore47
  • 44. PENINSULA LAND LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 1, Peninsula Spenta, Mathuradas Mills, Senapati Bapat Marg, Lower Parel, Mumbai 400013: Mr.RajeshJaggi : ManagingDirector: 022-66229300 : 022-66229302: rajeshjaggi@peninsula.co.in : www.peninsula.co.in:: `817crPeninsula Land Limited (Peninsula), a part of the Ashok Piramal Group is an integrated developer of Commercial, Residential,Townships and Retail real estate, having businesses in the Realty fund space and Facility Management. Apart from being amongst thefirst few real estate companies to be listed on the stock exchange, its initiatives include pioneering retail ventures, world-classcommercial and residential projects. Since its first project in 1997, the company has executed close to 5 million sq ft of real estate inmultiple asset classes and has close to 25 million sq ft development pipeline spread across the cities of Mumbai, Pune, Hyderabad,Bangalore,Alibaug, Nasik and Goa. Value addition to clients being a corner stone of business philosophy, Peninsula offers - ServiensandVestainteriorideasofferconvenientlifestyletothecustomers.OurVisionTocreateinternationallandmarksthroughinnovationandbestpracticestherebyenhancingvaluetoourcustomers.Projects : Residential, Commercial & RetailProject Location(s) : Mumbai, Pune, Nasik, Hyderabad, Bangalore, Alibaug, Lonavla, GoaOther Businesses :Realty FundServiens – Concierge on CallVesta - Interior IdeasSubsidiary Companies : Peninsula Investment Management Company LimitedPeninsula Facility Management and ServicesJoint Ventures :Awards / Recognitions :vvvvvvvvvvvvFacility ManagementPeninsula Techno Park and Ashok Gardens with Swan EnergyCr2 with L&T and MMRDAAshok Heights, Hyderabad with GSG GroupProject in Pune with CloverThe Economic Times ACETCH 2010 Real Estate AwardsAshok Towers and Peninusla Techno Park were awarded excellence in Amenities andEntertainment FacilitiesTop Company OfficialsMr. Rajeev PiramalExecutive Vice Chairmanrajeevpiramal@peninsula.co.inMr. Rajesh JaggiManaging Directorrajeshjaggi@peninsula.co.inCompleted Projects1. Name : Peninsula Corporate ParkType : CommercialLocation : Lower ParelSize (sq. ft.) : 12,00,000Year of Completion : 20052. Name : Peninsula Business ParkType : CommercialLocation : Lower ParelSize (sq. ft.) : 12,00,000Year of Completion : 2011Residential3. Name : Ashok TowersType : ResidentialLocation : ParelSize (sq. ft.) : 11,00,000Year of Completion : 20094. Name : Ashok GardensType :Location : SewriSize (sq. ft.) : 10,00,000Year of Completion : 2010Upcoming Projects1. Name : Peninsula TechnoparkType : CommercialLocation : Off Bandra KurlaSize (sq. ft.) : 4,50,000Estimated Year of Completion : 20123. Name : Ashok BelezaType : ResidentialLocation : Betim, GoaSize (sq. ft.) : 3,50,000Estimated Year of Completion : 20122. Name : Ashok AstoriaType : ResidentialLocation : NasikSize (sq. ft.) : 7,00,000Estimated Year of Completion : 20124. Name : Ashok NirvaanType : Residential Vacation HomeLocation : LonavalaSize (sq. ft.) : 3,50,000Estimated Year of Completion : 2012Projects (Domestic/International):48
  • 45. COMPLETED PROJECTSPeninsula Corporate Park, Lower Parel, Mumbai Peninsula Business Park, Lower Parel, MumbaiUPCOMING PROJECTSAshok Gardens, Sewri, MumbaiPeninsula Technopark, Parel, MumbaiAshok Beleza, Goa Ashok Nirvaan, LonavalaAshok Towers, Parel, MumbaiAshok Astoria, Nashik49
  • 46. PHADNIS PROPERTIES LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Kalpavriksha 2nd Floor, SNO 46/1c/1,100 ft DP Road, Next to Surydatta Institute, Karvenagar, Pune - 411052: Ms.VrushaliAmale : CEO: 020-67243000 : 020-67243200: info@phadnisgroup.com : www.phadnisgroup.com: Phadnis Properties Ltd. is the Housing Property Development arm of Phadnis Infrastructure Group. Having laid various successfulhousing projects the group has transformed the skyline of Pune. Continuing the legacy of constructing innovative and luxuriousapartmentsthegrouphasseveralaward-winningstructurestoitscredit.Knowing the transition in the Indian Real Estate industry, the group is all set to play a significant role in the development of urbaninfrastructure.Withafocusondeliveringvalueservicesatoptimumprices,PhadnispropertieshavewontheheartsofcustomerswhosedreamsofowningahomehavecometruewithhouseswithastrongPhadnisimprint.Various completed projects proclaiming the life standards that Phadnis offers and several upcoming projects based on the world-classstandardsassureabouttheprosperousfutureofthegroup.: `21croresasof31March2011/US$4.2millionProjects : Sahil Serene, Sahil Sujal, Sahil Saga, Sahil Sarvadaa, Takshashila, Oakwood, EasternRanges, Green Square Residential, Green Square Commercial, GrihapraveshProject Location(s) : Baner, SUS, Kondhwa, Mundhwa, Balewadi, NoidaOther Businesses : Infrastructure, Power, Telecom, ITes, Hospitality, Real Estate and Danesita Phadnis FoodIndustries Ltd.Phadnis Group Companies : Phadnis Infrastructure, Phadnis Power, Phadnis Telecom, Vision India Software ExportsLtd., RIMC Sahil and Danesita and Sahil Spas and ResortsAwards / Recognitions : Entrepreneurship Excellence Award AC Neilson CIO Jury Award, ABCI Bronze Trophy forbest Brochure Design, Best Spa Treatment AwardAttributesofPhadnisProperties:PlannedanddesignedtomatchglobalscalesandstandardsPremiumresidentialpropertieswithgreenamenitiesSpaciousresidencethatgenerouslyfulfillthefanciesofeveryindividualsLuxurywithutilityandeleganceEquippedwithallthemodernamenities;terrace,Spa,landscapedgardens,playgroundetc.Intheproximityofpremiereeducationalinstitutes,upscalemalls,theatres,restaurantsetc.Amidstofthehustle-bustleofthecityatthesametimeboastingasereneandstress-freelifevvvvvvvTop Company OfficialsMs. Vrushali AmaleCEOvrushali.amale@phadnisgroup.comMr. Rohit KumthaAVP - Sales and Marketingrohit.kumtha@phadnisgroup.comCompleted Projects1. Name : Sahil SereneType : ResidentialLocation : Baner, PuneSize (sq. ft.) : 1,00,000Year of Completion : March 20102. Name : Sahil SagaType : ResidentialLocation : Baner, PuneSize (sq. ft.) : 92,000Year of Completion : 20083. Name : Sahil SujalType : Commercial and ResidentialLocation : Patwardhan Baug, PuneSize (sq. ft.) : 35,000Year of Completion : Feb 20094. Name : Sahil SarvadaaType : ResidentialLocation : KondhwaSize (sq. ft.) : 50,000Year of Completion : May 2008Upcoming Projects1. Name : Eastern RangesType : Residential and CommercialLocation : Keshavnagar Mundhwa, PuneSize (sq. ft.) : 11 lakhEstimated Year of Completion : 20142. Name : SunfieldsType : Commercial Residential and ITLocation : BalewadiSize (sq. ft.) : 6.5 lakhEstimated Year of Completion : 20153. Name : Griha PraveshType : ResidentialLocation : Sector 77, NoidaSize (sq. ft.) :Estimated Year of Completion : 20134. Name : Green Square CommercialType : CommercialLocation : S No 40, BanerSize (sq. ft.) : 26,000Estimated Year of Completion : 2013Projects (Domestic/International):52
  • 47. UPCOMING PROJECTSEastern Ranges, Mundhwa Sunfields BalewadiGreen Square Commercial, BanerGrihapravesh, Noida53
  • 48. PURANIK BUILDERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Puraniks One, Kanchan Pushp, Near Suraj Water Park, Kavesar, Ghodbunder Road, Thane (W) - 400607: Mr.DipakSharma : GeneralManager,Finance: 022-25988888 : 022-25988988: dipak.sharma@puranikbuilders.com : www.puranikbuilders.com: Pioneered by group founders, Mr. Ravindra and Gopal Puranik in the year 1968, these two are instrumental in charting the Puraniks groups growth story.Presently,Mr.ShaileshandYogeshPuranikamongotherexpertprofessionalsintheirrespectivefieldshavetakenchargetoleadthegroup.An ISO 9001:2008 certified company has been successful in building noticeable amount of area within a short time span. With a customer base of morethan 4000 happy families, the group has developed more than 30 projects. Till date the group has successfully developed 4 mln. sq. ft, around 5 mn sq.ft.area is under development and an additional 10 mn is under planning stage. Today, the Puranik Group has earned a reputation for being a conscientiousgroup,knownforourTrust,Transparency&CredibilityAs rightly envisioned by its promoters of the growth potential ofThane region, the group has identified potential growth areas in locations other thanThanesuch as Pune, Lonavala, Dombivali & Karjat. This has made the group stand out as it has this unique ability to rightly identify future growth areas, Thanebeingaprimeexample.The group has land banks spread across various parts of Pune, Lonavala, Dombivali & Karjat etc. and intends to unlock the value of its existing land banksby capitalizing on its brand leadership in Thane and meet the rising demand of different segments. The group also intends to venture into large formatresidentialandcommercialestablishmentsinthenearfuture.: `100croresProjects : Residential and CommercialProject Location(s) : Thane Mulund PuneNashik Karjat LonavalaOther Businesses : Advertising, Modular Kitchen Designs, Facilities ManagementSubsidiary Companies : Swapna Dhara Projects Private LimitedPuranik Construction Private LimitedShri Riddhi Siddhi Vinayak Developers Private LimitedJoint Ventures : InstasculptElementsUrja SolarAwards / Recognitions : Best Business Practices Award in 2005 from Accommodation Times.Kanchan Pushp- Best Project in Thane Award in 2006 from Accommodation Times.Overall Excellence Market Trust Award in 2007 from Indian Express & Vasturang.Residential - Amenities Galore Award in 2007 from Loksatta.Puranik City - Best Project in Thane Award in 2010 from Accommodation Times.Bali Project – Inaugurated by the hands of HE Mr. Dicky Fabrian, Head of Chancery,and Counselor (Consul - Economic) Consulate of Indonesia in Mumbai, India.v v vv v vvvvvvvvvvvvvTop Company OfficialsMr. Shailesh PuranikManaging Directorshailesh@puranikbuilders.comMr. Yogesh PuranikDirectoryogesh@puranikbuilders.comCompleted Projects1. Name : KavyadharaType : ResidentialLocation : Kolshet Rd, ThaneSize (sq. ft.) : 4,00,000Year of Completion : 20092. Name : Kanchan PushpType : ResidentialLocation : Ghodbunder Rd., ThaneSize (sq. ft.) : 4,68,980Year of Completion : 20063. Name : Pratah PushpType : ResidentialLocation : Ghodbunder Rd., ThaneSize (sq. ft.) : 2,00,000Year of Completion : 20074. Name : Puranik City - Phase IType : ResidentialLocation : Ghodbunder Rd., ThaneSize (sq. ft.) : 1,77,000Year of Completion : 2007Upcoming Projects1. Name : Sereno EspanolaType : ResidentialLocation : Bawadhan, PuneSize (sq. ft.) : 23,00,000Estimated Year of Completion : 20152. Name : Rumah BaliType : ResidentialLocation : Ghodbunder Rd., ThaneSize (sq. ft.) : 10,00,000Estimated Year of Completion : 20153. Name : Puranik CapitolType : ResidentialLocation : Ghodbunder Rd., ThaneSize (sq. ft.) : 1,33,000Estimated Year of Completion : 20124. Name : Aldea EspanolaType : ResidentialLocation : Baner, PuneSize (sq. ft.) : 8,50,000Estimated Year of Completion : 2014Projects (Domestic/International):54
  • 49. COMPLETED PROJECTSUPCOMING PROJECTSKavyadhara Kanchan PushpPratah Pushp Puranik City - Phase ISereno Espanola Rumah BaliPuranik Capitol Aldea Espanola55
  • 50. PURAVANKARA PROJECTS LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 130/1 Ulsoor Road, Bangalore - 560042, Karnataka: Ms.KalyaniSarkar : VPCorporateCommunications: 080-25599000 : 080-25583950: sales@puravankara.com : www.puravankara.com: Since inception in 1975, Puravankara has successfully completing 36 residential/ commercial projects across Mumbai, Bengaluru andChennai and are presently developing 16 residential / commercial projects. Till date, 8000 homes have been handed over to the endusers. With a strong commitment to work and ethos, Puravankara has been creating unique propositions, uncompromising qualityproducts,fairbusinesspracticesandahighlyscalableexecutioncapability.An ISO 9001 certification by DNV in 1998 and a DA2 rating by CRISIL demonstrate the Developers ability to execute real estateprojects,asperspecifiedqualitylevelwithinthestipulatedtimescheduleandtheabilitytotransfercleantitle.Puravankara has the distinction of being the first developer to obtain FDI in the Indian real estate industry through its joint venture withSingaporebasedKeppelLandLimited,thepropertyarmofthe54%governmentownedconglomerate,KeppelCorporationLimitedandarecurrentlydevelopingtwoprojectsinBengaluruandKolkata.Awholly owned subsidiary, Provident Housing Ltd. was established in 2009 to cater to the growing demand for mid-segment housing.Currentlytwolargeprojectscomprisingof5,500unitsprojectsarebeingdevelopedinChennaiandBengaluru.: AboutINR650crores(unaudited)forthefinancialyearended31March2011(INR6500MillionandINR6.5Billion)Projects : Residential, Commercial and RetailProject Location(s) : Bangalore ChennaiKochi CoimbatoreColomboOther Businesses : Significant investment in secondary housing market through Propmart.Subsidiary Companies : Substantial investment in the affordable housing segments through wholly ownedsubsidiary, Provident Housing Ltd.Substantial investment in infrastructure and contracting business through wholly ownedsubsidiary, Starworth Infrastructure and Construction Ltd.Joint Ventures : Keppel PuravankaraAwards / Recognitions : Luxury Project of the Year award for Purva Fountainsquare at the Realty Plusexcellence Awards South, 2010-2011Employer of the Year at the Realty Plus Excellence awards South, 2010-2011Best Landscape award in the residential category by the Mysore Horticulture Society2010Best Urban Design and Master Planning award for Purva Fountainsquare at theConstruction Source Felicitation Award Ceremony, 2010v vv vvvvvvvvTop Company OfficialsCompleted Projects1. Name : Purva FountainsqaureType : ResidentialLocation : BangaloreSize (sq. ft.) : 1.74 m sq. ft.Year of Completion : 20082. Name : Purva RivieraType : ResidentialLocation :Size (sq. ft.) : 1.3 m sq. ft.Year of Completion : 20073. Name : Purva PanoramaType : ResidentialLocation :Size (sq. ft.) : 0.97 m sq. ft.Year of Completion : 20074. Name : Purva ParkridgeType : ResidentialLocation :Size (sq. ft.) : 0.35 m sq. ft.Year of Completion : 2007BangaloreBangaloreBangaloreUpcoming Projects1. Name : Purva SkywoodType : ResidentialLocation : BangaloreSize (sq. ft.) : 1.24 m sq. ft.Estimated Year of Completion : 20132. Name : Purva WindermereType : ResidentialLocation : ChennaiSize (sq. ft.) : 4.1 m sq. ft.Estimated Year of Completion : 20153. Name : Purva EternityType : ResidentialLocation : KochiSize (sq. ft.) : 0.96 m sq. ft.Estimated Year of Completion : 20124. Name : Purva BluemontType : ResidentialLocation : CoimbatoreSize (sq. ft.) : 1.8 m sq. ft.Estimated Year of Completion : 2013Projects (Domestic/International):Mr. Jackbastian Kaitan NazarethCEOjack@puravankara.comMr. Ashish PuravankaraJoint Managing Directorashish@puravankara.com58
  • 51. COMPLETED PROJECTSUPCOMING PROJECTSPurva FountainsquarePurva ParkridgePurva PanoramaPurva RivieraPurva EternityPurva SkywoodPurva BluemontPurva Windermere59
  • 52. RAHEJA DEVELOPERS LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 215-216, Rectangle One, D-4, District Centre, Saket, New Delhi - 110017: Mr.VijaySehgal : DGM(CorporateAffairs): 011-40611111 : 011-40611110: vsehgal@rahejabuilders.com : www.rahejabuilders.com: Raheja Developers Ltd. was founded in the year 1989 by Mr. Navin M Raheja. Today, the company enjoys a strong presence and hasmade its position as one of the largest companies in the Real Estate Industry. The company having its registered office in New Delhi itsassociatesaredevelopinghighendresidential,commercialandSEZprojects,Raheja Developers actively seeks growth by investing in a variety of systematically identified businesses making it a well-diversifiedconglomerate with interests in different projects such as Residential, Premium Condominiums, Commercial Complexes, IntegratedModernTownships,MallsandSpecialEconomicZones.The company is managed by highly qualified professionals who are fully engrossed to ensure that the company maintains its highstandardsinqualityconstruction,timelydeliveryandcustomersatisfaction.: `358.25/US$79.61mnProjects : Residential, Commercial, SEZs, Retail, Core InfrastructureProject Location(s) : New Delhi, Gurgaon, Dharuhera, Sohna, Nainital, Manesar, Panipat etc.Other Businesses : Hospitality, Entertainment, Education and Healthcare projectsSubsidiary Companies : Standard Farms Pvt. Ltd, Raheja SEZS Ltd, Raheja Builders Pvt. Ltd, Raheja Towers Pvt.Ltd, Enkay Buildwell Pvt. Ltd, N A Buildwell Pvt. Ltd, Raheja Urja Pvt. Ltd, EldoradoEntertainment Pvt. LtdJoint Ventures : Tata Housing Development Company Ltd (only for Raisina Residency located at Sector-59,Gurgaon)Awards / Recognitions :Awarded the “Best Developer of the year- Retail” by Realty Plus at Realty Plus Excellence Awards.Raheja Developers awarded Internationally at London for “Best Marketing Campaign” for project Raheja Atharva situated in sector-109,Gurgaon in OPP Awards for Excellence 2010Raheja Developers awarded Excellence Award by IES (Institute of Economic Studies)Raheja Developers awarded the Best Developer in Asia for Raheja Mall in the Commercial/Office/Retail (Built) category in Cityscape AsiaAwards 2010Raheja Mall awarded the” Best Mixed Use Development in India” award by Asia Pacific-Bloomberg Property Awards 2010Our website www.rahejabuilders.com awarded the “Best Developer Website in India” by Asia Pacific-Bloomberg Property Awards 2010Raheja Mall awarded the “Best Architecture for Mixed Use Development in India” by Asia Pacific- Bloomberg Property Awards 2010CNBC-AWAAZ-CRISIL Real Estate Awards 2008-09 for Best Residential Development of the Country for Raheja Atlantis, situated in Sec-31, GurgaonvvvvvvvvTop Company OfficialsMr. Navin M RahejaChairman & Managing Directornraheja@rahejabuilders.comMr. Nayan RahejaExecutive Directornayanraheja@rahejabuilders.comCompleted Projects1. Name : Raheja AtlantisType : ResidentialLocation : Sector-31-32A, GurgaonSize (sq. ft.) : 11,34,676Year of Completion : 20082. Name : Raheja SquareType : CommercialLocation : IMT Manesar, GurgaonSize (sq. ft.) : 1,58,556Year of Completion : 20053. Name : Raheja MallType : CommercialLocation : Sector-47, GurgaonSize (sq. ft.) : 3,26,598Year of Completion : 20094. Name : Raheja Expo MallType : CommercialLocation : PanipatSize (sq. ft.) : 1,08,351Year of Completion : 2009Upcoming Projects1. Name : Raheja AtharvaType : ResidentialLocation : Sector-109, GurgaonSize (sq. ft.) : 10,40,122Estimated Year of Completion : 20112. Name : Raheja VedaantaType : ResidentialLocation : Sector-108, GurgaonSize (sq. ft.) : 10,91,538Estimated Year of Completion : 20113. Name : Raisina ResidencyType : ResidentialLocation : Sector-59, GurgaonSize (sq. ft.) : 13,24,495Estimated Year of Completion : 20114. Name : Raheja NavodayaType : ResidentialLocation : Sector-92, GurgaonSize (sq. ft.) : 7,88,672Estimated Year of Completion: 2011Projects (Domestic/International):60
  • 53. COMPLETED PROJECTSUPCOMING PROJECTSRaheja Atlantis Raheja SquareRaheja Mall Raheja Expo MallRaheja Atharva Raheja VedaantaRaisina Residency Raheja Navodaya61
  • 54. RAHEJA UNIVERSAL LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: Raheja Centre - Point, 294, C.S.T. Road, Kalina, Santacruz (E), Mumbai - 400098: Ms.AnitaKataria : SeniorV.P.(Sales): 022-66414141 : 022-66414399: mail@rahejauniversal.com : www.rahejauniversal.com: Raheja Universal has immense experience in creating luxury homes and offices and is well-known for its excellent construction qualityformorethantwodecadeswithaqualifiedandexperiencedteam.Oneoftheleadingreal-estatedevelopmentcompaniesinIndiawithareputed brand name in Mumbai Metropolitan Region (“MMR”). Crossed the Development of over 4.95 million sq. ft. of real estate in theMMR across 40 projects. Selected Business Superbrand India in 2008 and Selected Consumer Superbrand India in 2009-10. Alsoawarded ISO 9001:2008 certification for quality management systems and an ISO 14001:2004 certification for environmentmanagementsystems.RahejaUniversalreignsintherealmofcreation.Projects : Residential, CommercialAwards / Recognitions : Selected Business Superbrand India in 2008Selected Consumer Superbrand India in 2009-10vvTop Company OfficialsMs. Anita KatariaSenior V.P. (Sales)anita.kataria@rahejauniversal.comMr. Sudhir ThakkerVice President, Corporate Strategysudhir.thakker@rahejauniversal.comCompleted Projects1. Name : Raheja AtlantisType : ResidentialLocation : Lower Parel, MumbaiSize (sq. ft.) : 2,21,977Year of Completion : 20092. Name : Raheja Exotica IIType : ResidentialLocation : Madh Island, MumbaiSize (sq. ft.) : 3,25,016Year of Completion : 20063. Name : Raheja LegendType : ResidentialLocation : Worli, MumbaiSize (sq. ft.) : 1,09,077Year of Completion : 20094. Name : Raheja TitaniumType : CommercialLocation : Goregaon(E), MumbaiSize (sq. ft.) : 1,87,094Year of Completion : 2008Upcoming Projects1. Name : Raheja Reflections IIType : ResidentialLocation : Kandivali(E), MumbaiSize (sq. ft.) : 7,84,370Estimated Year of Completion : 20162. Name : Raheja Exotica IIIType : ResidentialLocation : Madh Island, MumbaiSize (sq. ft.) : 3,32,766Estimated Year of Completion : 20143. Name : Raheja IridiumType : CommercialLocation : Goregaon(E), MumbaiSize (sq. ft.) : 3,77,810Estimated Year of Completion : 20144. Name : Raheja Waterfront IType : ResidentialLocation : Kulai, MangaloreSize (sq. ft.) : 7,46,400Estimated Year of Completion : 2016Projects (Domestic/International):62
  • 55. COMPLETED PROJECTSUPCOMING PROJECTSRaheja Atlantis Raheja Exotica-IIRaheja Legend Raheja TitaniumRaheja Exotica IIIRaheja IridiumRaheja Reflections II- SerenityRaheja Waterfront63
  • 56. RAJESH PROJECTS (INDIA) PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 501 RG Trade Tower, Plot No. B-7 Netaji Subhash Place, Pitampura, Delhi - 110034: Mr.RajeshGoyal : ManagingDirector: 011-47770555 : 011-47770599: rg@rggroup.in : www.rggroup.in: RGGroup,oneoftheleadingRealEstateCompanyinDelhiNCR,isknownforvaluesliketrust,highqualitystandards&clientsatisfaction.Groups modest journey began in the year 2000 and after over a decade, the Group has taken a shape of a highly proficient and customer centric corporateentity. RG Group, under its flagship company Rajesh Projects (India) Pvt. Ltd, has touched new skies and defined new dimensions in the Real EstateSector.Today,thegroupisrapidlyevolvingintoaconglomeratethatisknownforquality,reliabilityandvalue-for-moneyrealestatesolutions.Under the visionary leadership & guidance of Mr. Rajesh Goyal, the Group is changing the real estate scenario for good. With its philosophy of providingcustomerswith"greatertransparency&simplifiedbuyingprocedures”,theGroupspopularityisgrowingleapsandbounds.Today RG Group is more than a decade old company and in retrospective, the group has seen the most challenging yet exciting times in these years. RGgrouphassuccessfullyexecutedanddelivered14commercial&retailprojectsatprimebusinesslocationsinDelhi.RG Group is a highly professional and process-driven company with its finger on the pulse of its customers.All RG developments are in compliance withinternationalbestpracticesandcomewithprimelocation,excellentconstruction,efficientmaintenance&timebounddeliveryascoreessentials.RG Group has come a long way continuing a tradition of trust & commitment. It is a financially robust company with excellent standing with bankers andfinancial institutions. It has collaborated with the finest minds in the field of architecture and construction.After successfully executing its business model inthecommercialandretailsectors,RGGroupisnowextendingitscommitment&dedicationtotheresidentialsector.: `355CroresProjects : ResidentialProject Location(s) : Delhi NCRSubsidiary Companies : Rajesh Projects India Pvt. Ltd.vvRG Residency Pvt. Ltd.Top Company OfficialsMr. Rajesh GoyalManaging Directorrg@rggroup.inMr. Aman GuptaExecutive Directoraman@rggroup.inCompleted Projects1. Name : RG SquareType : CommercialLocation : IP ExtensionYear of Completion : 20092. Name : RG City CentreType : CommercialLocation : Lawrence RoadYear of Completion : 20083. Name : RG Trade TowerType : CommercialLocation : Netaji Subhash PlaceYear of Completion : 20084. Name : RG MallType : CommercialLocation : Sector-9 RohiniYear of Completion : 2007Upcoming Projects1. Name : RG ResidencyType : ResidentialLocation : NOIDAEstimated Year of Completion : May 20132. Name : RG Luxury HomesType : ResidentialLocation : Greater NOIDAEstimated Year of Completion : Dec. 2013Projects (Domestic/International):64
  • 57. COMPLETED PROJECTSUPCOMING PROJECTSRG Square, I.P. Extn RG City Centre, Lawrence RoadRG Trade Tower, PitampuraRG Residency, Noida Sec - 120 RG Luxury Homes, Greater Noida65
  • 58. RamkyRAMKY ESTATES & FARMS LTD. (REFL)AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Plot No. 23, Rohini Layout, Opp. Cyber Towers, Hi-tech City, Hyderabad - 500081: Mr.M.NandaKishore : VP(Finance&Commercial): 040–23111667/78 : 040–23111667/78: nandakishorem@ramky.com : www.ramkyestates.com: REFL, over past decade and a half, has become a renowned developer in the real estate industry in south India, with its presence incities of Hyderabad, Bangalore, Chennai and Warangal. The company has focused on construction of residential and commercialspace, apart from nurturing active business thoughts on integrated township and gated communities simultaneously. The company isagiletowardsvariousopportunitiesavailableinthemarketandhasdevelopedanaggressivebusinessdevelopmentteamthatoperatesfromKolkata,Delhi,MumbaiandBangalore.: `171.19Cr/US$3.77mnProjects : Residential – Apartments, Villas, Farm Houses, Commercial – Office, Integrated TownshipsProject Location(s) : HyderabadBangaloreChennaiWarangal (A.P.)Subsidiary Companies : Ramky Towers Ltd. (RTL)Ramky Enclave Ltd. (REL)Ramky Villas Ltd. (RVL)Integrated Township Ltd. (RITL)Joint Ventures : Ramky Wavoo Developers Pvt. Ltd. (RWD) an ISO 9001-2008 certified companyvvvvvvvvRamkyTop Company OfficialsMr. N.S. HariharanManaging Directorhariharan@ramky.comMr. M. Gautham ReddyDirectormgr@ramky.comCompleted Projects1. Name : Ramky Utsav & SamruddhiType : ResidentialLocation : BangaloreSize (sq. ft.) : 1,28,128Year of Completion : 20062. Name : Ramky PrideType : ResidentialLocation : HyderabadSize (sq. ft.) : 73,064Year of Completion : 20093. Name : Ramky ReposeType : ResidentialLocation : HyderabadSize (sq. ft.) : 67,470Year of Completion : 20094. Name : Ramky HouseType : Commercial - OfficeLocation : BangaloreSize (sq. ft.) : 40,479Year of Completion : 2009Upcoming Projects1. Name : Ramky Towers LtdType : Residential & CommercialLocation : HyderabadSize (sq. ft.) : 22,37,748Estimated Year of Completion : 20112. Name : Ramky EnclaveType : Integrated TownshipLocation : Warangal (A.P)Size (sq. ft.) : 10,83,462Estimated Year of Completion : 20113. Name : The SeleniumType : CommercialLocation : HyderabadSize (sq. ft.) : 6,59,995Estimated Year of Completion : 20114. Name : Discovery CityType : Integrated TownshipLocation : HyderabadSize (sq. ft.) : 2,41,00,000Estimated Year of Completion : 2018 (completion in phases)Projects (Domestic/International):66
  • 59. COMPLETED PROJECTSUPCOMING PROJECTSRamky PrideRamky ReposeRamky EnclaveThe Selenium Discovery CityRamky TowersRamky HouseRamky Utsav67
  • 60. RMZ CORPAddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: The Millennia; Tower B, Level 2, 12-14,, 1 & 2 Murphy Road, Ulsoor, Bangalore – 560008 (India): Mr.RajMenda&Mr.ManojMenda : ManagingDirector: 080-40004000 : 080-40004100: : www.rmzcorp.com: Incorporated in 2002, RMZ Corp is Indias leading corporate Real Estate Developer and has set new standards in Real Estate Development. Our companymottoBeingtheChangereflectsRMZscommitmenttotransformingthewayIndianrealestateindustryfunctions.Underadecade,RMZhasacquiredanddeveloped over 13 million square feet and today manages a property portfolio in excess of US$ 3 billion in real estate value across India. In this time, wehavedevelopedanin-depthunderstandingofmarketdynamicsandhavebeenabletospotandanalyzetrends,therebycreatingandconstantlyenhancingour shareholder value. RMZ Corp is committed to sustainable development and is a founding member of the Indian Green Building Council as well as amemberoftheUSGreenBuildingCouncil.Over 150 world-class corporations such as Accenture, Airbus, Boeing, Ford, Google, Rolls Royce & Shell among others occupy work spaces built andmanaged by RMZ. In the past 8 years, we have excelled in the area of developing office spaces and are now committed to take our expertise into thedevelopmentofshoppingcenters,hospitalityandhomeconcepts.After making our mark in the office space segment, we have now stepped into the residential development segment. The standards that we havemaintainedinthecorporatespacewillbeappliedtothehomesegmentnow.With facilities that are the benchmarks in global condominiums, these residential properties will have a high standards of construction quality in keepingwithinternationaltrendsandstandards.Projects : Residential and CommercialProject Location(s) : BangaloreChennaiHyderabadPuneCalcuttaAwards / Recognitions : “RMZ Infinity” Bangalore has been awarded “BEST COMMERCIAL PROJECT OF 2010”by Realty PlusRMZ Millenia Chennai is “A LEED GOLD CERTIFIED BUSINESS PARK”vvvvvvvTop Company OfficialsMr. Raj MendaManaging Directoranupama.seshadri@rmzcorp.comMr. Manoj MendaManaging Directorbk.nagamani@rmzcorp.comCompleted Projects1. Name : RMZ MilleniaType : Business ParkLocation : ChennaiSize (sq. ft.) : 2.2 MillionYear of Completion : 20092. Name : RMZ InfinityType : Business ParkLocation : BangaloreSize (sq. ft.) : 1.2 MillionYear of Completion : 20093. Name : RMZ EcospaceType : Business ParkLocation : BangaloreSize (sq. ft.) : 2 MillionYear of Completion : 2008Upcoming Projects1. Name : RMZ GalleriaType : Mixed Use DevelopmentLocation : Yelahanka, BangaloreSize (sq. ft.) : 10,76,450Estimated Year of Completion : 20142. Name : RMZ LatitudeType : Mixed Use DevelopmentLocation : Hebbal, BangaloreSize (sq. ft.) : 7,73,023Estimated Year of Completion : 20143. Name : RMZ SawanType : VillasLocation : Bellary Road, Pallanhalli, BangaloreSize (sq. ft.) : 1,24,000Estimated Year of Completion : 2014Projects (Domestic/International):70
  • 61. COMPLETED PROJECTSUPCOMING PROJECTSRMZ Infinity (Bangalore)RMZ Ecospace (Bangalore)RMZ Latitude (Bangalore)RMZ Galleria (Bangalore)RMZ Millenia, Chennai71
  • 62. Completed Projects1. Name : RNA Royale ParkType : ResidentialLocation : Kandivali (W)Size (sq. ft.) : 5.27 LakhsYear of Completion : Ready Possession2. Name : RNA AurovilleType : ResidentialLocation : Santacruz (W)Size (sq. ft.) : 0.78 LakhsYear of Completion : Ready Possession3. Name : RNA MirageType : ResidentialLocation : WorliSize (sq. ft.) : 1.71 LakhsYear of Completion : Ready PossessionUpcoming Projects1. Name : RNA MetropolisType : ResidentialLocation : Sewri (E)Size (sq. ft.) : 5.1 LakhsEstimated Year of Completion : September 20142. Name : RNA ContinentalType : ResidentialLocation : Chembur (E)Size (sq. ft.) : 3.8 LakhsEstimated Year of Completion : December 20123. Name : RNA AddressType : ResidentialLocation : Santacruz (E)Size (sq. ft.) : 5.6 LakhsEstimated Year of Completion : January 20144. Name : RNA ExoticaType : ResidentialLocation : Goregoan (E)Size (sq. ft.) : 7.49 LakhsEstimated Year of Completion : December 2013Projects (Domestic/International):RNA CORP LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: RNA Corporate Park, Next to Collectors office, Kalanagar, Bandra (E), Mumbai - 400051: Mr.ManojJohn : VicePresident-CorporatePlanning&Strategy: 022-66805000 : 022-66805070: manoj.john@rnacorporate.com : www.rnacorprate.com: SalesRevenue`1072Cr./US$232mn: Established in 1981, RNACorp. is one of Indias leading property development companies with a large land bank and strong financials.RNA Corp.s core strength lies in the residential and mixed-use development, with a balanced mix of open plot and redevelopmentprojects.In the last ten years, the company has successfully developed 10 million sq.ft of residential, commercial and Mixed-Use Real Estate;whileabout40millionsq.ft.ofdevelopmentisinthepipelineallacrossMumbai.RNACorp.guaranteesthedesiredqualityofbuildingwiththerequisiteinfrastructureandconstructionfeatures.EveryprojectfromRNACorp.isalandmarkinitsownrightandstandstestimonytothestrongbondoftrustandconfidencethatitenjoyswithitscustomers.Projects : ResidentialProject Location(s) : MumbaiWorliSewriChemburSantacruzGoregaonKandivaliMira RoadBandravvvvvvvvTop Company OfficialsMr. Anil AggarwalChairmananilaggarwal@rnacorporate.comMr. Anubhav AggarwalManaging Directoranubhav@rnacorporate.com72
  • 63. COMPLETED PROJECTSUPCOMING PROJECTSRNA Royal ParkRNA Mirage, Worli RNAAurovilleRNAAddress RNA ExoticaRNA Metropolis RNA Continental73
  • 64. RPS INFRASTRUCTURE LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 1117 – 1120, 11th Floor, Tower – B, DLF Towers, Jasola District Center, New Delhi – 110025: Mr.VineyKakkar : VicePresident: 011-40543200 : 011-40543233: info@rpsgroupindia.com : www.rpsgroupindia.com: `181Crores/US$43mn: RPS Group is the fastest growing conglomerate in the field of Real Estate and Infrastructure. The Group was established in 2005 andsince then resting on the strengths of a strong foundation where trust comes first. It is committed to mark its excellence in the field ofRealEstatesinceinception.RPSGrouphasbeenformedwiththedesireofperfectionanddedicationtofulfillthecommitments,withtheaspiration of consumer satisfaction. The Group is a perfect blend of trust and integrity. Clear vision, expertise and experience of itsmanagement in the Real Estate Sector since 1998 is behind the success of the Group. The Group has successfully implementedseveralprojectsinFaridabad.Projects : Residential, Commercial IT ParkProject Location(s) : FaridabadAwards Business Sphere Award 2006 - 075th Meri Dilli Awards 20076th Meri Dilli Awards 2008Integrated Township Developer of The Year (2011) Award, by Builder Information Bureau(BIB), DelhiRecognitions LIC Housing Finance Ltd.- Homes for all HDFC – India Homes FairAxis Bank – Homez for less Magic Brick.com Properties Ahead 07NNS Vaish Community Media Award Ammas Children FaridabadMahavir International Farindex07Patanjali Yog Samiti Faridabadvvvvv vv vv vv vvTop Company OfficialsMr. S. P. GuptaChairmaninfo@rpsgroupindia.comMr. R. C. GuptaManaging Directorinfo@rpsgroupindia.comCompleted Projects1. Name : Paras ApartmentsType : Group Housing JVLocation : Secor 30-31, FaridabadSize (sq. ft.) : 1Lac (approx.)Year of Completion : 20062. Name : Green Valley ApartmentsType : Apartments JVLocation : Sec. 41-42, FaridabadSize (sq. ft.) : 8.75 Lac (approx.)Year of Completion : 20073. Name : Green Valley VillasType : Villas JVLocation : Sec. 41-42, FaridabadSize (sq. ft.) : 3.95 Lac (approx.)Year of Completion : 20074. Name : Green Valley PlazaType : Commercial JVLocation : Sec. 41-42Size (sq. ft.) : 30000 (approx.)Year of Completion : 2007Upcoming Projects1. Name : SavanaType : Group HousingLocation : RPS City, Sector-88, FaridabadSize (sq. ft.) : 36.60 LacEstimated Year of Completion : 20112. Name : RPS PalmsType : Independent FloorsLocation : RPS City, Sector-88, FaridabadSize (sq. ft.) : 7.10 LacEstimated Year of Completion : 20133. Name : RhythmType : Group HousingLocation : RPS City, Sector-88, FaridabadSize (sq. ft.) : 25.75 Lac (Approx.)Estimated Year of Completion : 20144. Name : RPS OxyparkType : IT ParkLocation : 12/6, NH-2, Near Badarpur TollPlaza, Faridabad, Delhi NCRSize (sq. ft.) : 9.30 Lac (Approx.)Estimated Year of Completion : 2013Projects (Domestic/International):74
  • 65. COMPLETED PROJECTSUPCOMING PROJECTSParas ApartmentsSavana - Living With Nature RPS Palms - Spacious Independent FloorsRhythm - Life in Harmony RPS Oxypark - The New-Age Business Destination, South of DelhiGreen Valley VillasGreen Valley ApartmentsGreen Valley Plaza75
  • 66. Current Projects1. Name : Shree Mohankheda HeightsType : Residential / CommercialLocation : MazgaonSize (sq. ft.) : 2 BHKEstimated Year of Completion : 20132. Name : Sanghvi JewelType : Residential / CommercialLocation : MaladSize (sq. ft.) : 2 BHKEstimated Year of Completion : 20133. Name : Sanghvi PrismaType : Residential / CommercialLocation : GhatkoparSize (sq. ft.) : 1 & 2 BHKEstimated Year of Completion : 20134. Name : Sanghvi AuraType : ResidentialLocation : SantacruzSize (sq. ft.) : 1 & 2 BHKEstimated Year of Completion : 2013Current Projects5. Name : Sanghvi ExoticaType : Residential / CommercialLocation : Nr. Dahisar StationSize (sq. ft.) : 1 & 2 BHKEstimated Year of Completion : 2011 End6. Name : Sanghvi EcocityType : Residential / CommercialLocation : Nr. Dahisar Check PostSize (sq. ft.) : 1, 1.5 & 2 BHKEstimated Year of Completion : 20147. Name : Shankheshwar NagarType : ResidentialLocation : DombivliSize (sq. ft.) : 1, 1.5 & 2 BHKEstimated Year of Completion : 20118. Name : Sanghvi ParadiseType : Residential / CommercialLocation : Asangaon (E)Size (sq. ft.) : 1 & 2 BHKEstimated Year of Completion : 2012Projects (Domestic/International):SANGHVI GROUP OF COMPANIESAddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: 1st Floor, Sanjana Mansion, Nr. Hotel Nagina, Dr. B.A. Road, Byculla (E), Mumbai - 400027: Mr.ManjunathShetty : Asst.ManagerSales: 022-23787000 : 022-23757777: divyaljogal@sanghvigroup.co.in : www.sanghvigroup.co.in: Over last 28 years, Sanghvi Group of Companies, an ISO 9001-2008 certified company has offered best living conditions for allsegments of society by developing Luxury Lifestyles, Affordable Mass Housing projects, Commercial Ventures, Second Homes andRedevelopment projects of commendable quality. The Group has successfully completed more than 40 real estate projects acrossMumbai, Lonavla and Nasik and several current projects in progress.Along with this, It has also identified huge potential for affordablehousing in extended central suburbs and has therefore strategically earmarked over 100 acres of land across Kalyan, Shahapur,VasindandAsangaon.Thecompanyhascateredtomorethan15,000satisfiedfamiliesacrossMumbai.Projects : Residential and CommercialProject Location(s) : Girgaon MazgaonWadala SantacruzMalad DahisarGhatkopar Mira RoadKalwa DombivliKalyan AsangaonLonavla NashikAwards / Recognitions :Mass Housing Company of the Year - Accommodation Times in 2005Accommodation Times award for Best Housing Project – Thane 2007MCHI Lifetime Achievement Award – Shri S.C. Jain, Founder and Chairman – 2010Accommodation Times award for Best Housing Project – Nashik 2011Navbharat Times, Udaan Achievement Award – Shri S.C. Jain, Founder and Chairman – 2011v vv vv vv vv vv vv vvvvvvMr. Rakesh SanghviDirectorrks@sanghvigroup.co.inTop Company OfficialsMr. Shailesh SanghviDirectorsss@sanghvigroup.co.in76
  • 67. SATYA DEVELOPERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: Plot No. 8, Sector – 44, Gurgaon – 122002 (Haryana): Mr.ManishAgarwal : Director: 0124-4989300 : 0124-4989366: manish@satyadevelopers.com : www.satyadevelopers.com: `100cr.(Approx): The Satya Group is committed to its core values that define its company philosophy, to deliver exceptional experience, to protect itsnatural environment; and to conduct itself with integrity in everything it does. It continues to explore innovative ways to become one ofthe prominent developers in the industry. The Group sets new standard in its services and continually endeavors to surpass them. Itsfocusisondeliveringlevelspromised.Anditscommitmenttodeliverexcellence.Projects : Residential, Commercial, Group Housing, IT Park, Shopping Cum Entertainment Centre,Integrated TownshipProject Location(s) : Gurgaon (Haryana)Indore (MP)Bhatinda (Punjab)Other Businesses : Hotels & HospitalityvvvTop Company OfficialsMr. Nawal Kishore AgarwalDirectormanish@satyadevelopers.comMr. Manish AgarwalDirectormanish@satyadevelopers.comAn ISO : 9001 : 2008 . EMS 14001 : 2004Certified GroupOHSAS - 18001 - 2007Completed Projects1. Name : The GalaxyType : Five Star Hotel & Shopping-SpaLocation : 32nd Milestone, NH-8, Gurgaon HaryanaSize (sq. ft.) : 1.60 LacYear of Completion : 20092. Name : Centrum PlazaType : Premium Office ComplexLocation : Golf Course, Sector-53, Gurgaon, HaryanaSize (sq. ft.) : 2.72 LacYear of Completion : 20093. Name : The LegendType : Luxury Residential Group HousingLocation : Sector-57, Sushant Lok-III, Gurgaon, HaryanaSize (sq. ft.) : 14.37 LacYear of Completion : 20094. Name : City CentreType : Shopping Cum Entertainment CentreLocation : Mini Secretariat, PunjabSize (sq. ft.) : 97,000Year of Completion : 20095. Name : Malwa CountyType : Intregrated TownshipLocation : Agra Mumbai Highway, Indore, MPSize (sq. ft.) : 26.74 LacEstimated Year of Completion : 2009Upcoming Projects1. Name : The HermitageType : Luxury Residential Group HousingLocation : Sector-103, Dwarka - GurgaonExpressway, Gurgaon, HaryanaSize (sq. ft.) : 9.87 LacEstimated Year of Completion : 20142. Name :Type : CommercialLocation : Sector - 47 & 49, Gurgaon, HaryanaSize (sq. ft.) : 1.82 LacEstimated Year of Completion : Yet to Start3. Name :Type : IT ParkLocation : SECTOR-102, Dhankot, Gurgaon, HaryanaSize (sq. ft.) : 7 LacEstimated Year of Completion : Yet to StartProjects (Domestic/International):77
  • 68. Completed Projects1. Name : The ImperialType : Premium ResidentialLocation : MumbaiSize (sq. ft.) : Approx. 7,50,000Year of Completion : 20092. Name : SP Infocity PuneType : IT Park & IT SEZLocation : PuneSize (sq. ft.) : Approx. 5.5 millionYear of Completion : Ongoing - phase wise completion.Operational facility3. Name : SP Residency Phase 1Type : ResidentialLocation : PuneSize (sq. ft.) : Approx. 74,000Year of Completion : 20104. Name : SP Infocity ChennaiType : IT Park - office spaceLocation : ChennaiSize (sq. ft.) : Approx. 2.6 millionYear of Completion : Ongoing - phase wise completion.Approx. 9,50,000 completed and operationalUpcoming Projects1. Name : SP Infocity MohaliType : IT Park - office spaceLocation : MohaliSize (sq. ft.) : Approx. 3,00,000Estimated Year of Completion : 20112. Name : Vadodara MallType : MallLocation : VadodaraSize (sq. ft.) : Approx.550,000Estimated Year of Completion : 20133. Name : SP Residency Phase 2Type : ResidentialLocation : PuneSize (sq. ft.) : 2,50,000Estimated Year of Completion : 20134. Name : SP Infocity Nagpur Phase 1Type : IT SEZLocation : NagpurSize (sq. ft.) : Total 7.7 millionEstimated Year of Completion : Phase 1 of approx.2, 50,000 to becompleted in 2011Projects (Domestic/International):SHAPOORJI PALLONJI & CO. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: SP Centre, 41/44 Minoo Desai Marg, Colaba, Mumbai - 400005: Mr.RayomandDastur : Exec.VP–Sales&Marketing: 022-67490000 : 022-66338176: rayo.dastur@shapoorji.com : www.shapoorji.in: `2500Cr: One of the pioneers of construction and real estate development, Shapoorji Pallonji is a name of repute in India as well as overseas.Shapoorji Pallonji Real Estate is a prominent force present in multiple verticals such as residential, commercial, IT parks, retail andhospitality. Its projects are situated at multiple locations across the country and span a vast range in terms of diversity. From premiumresidential to mass housing and office spaces, the portfolio includes all kinds of fresh developments and redevelopment projects also.Withaprofessionalteamandmodernoutlook,ShapoorjiPallonjiispoisedtosetmanybenchmarksintherealestatedomain.Projects : Residential, Commercial, IT Parks, Retail and HospitalityProject Location(s) : Mumbai Pune VadodaraNagpur Mohali ManesarGurgaon Kolkata ChennaiMysoreOther Businesses : Shapoorji Pallonji Group is also present in the following business segments through itsvarious divisions and group companies:Interiors & Furnishing, Facades, Electromechanical Services, Infrastructure & Power,Shipping, Precision Engineering, Water Purifiers & Security Systems, PublishingSubsidiary Companies : SP CMG, SP Fabricators, Sterling & Wilson, Afcons, SP Infra, SP EPC, Forbes, EurekaDivisions Forbes, Nextgen PublishingJoint Ventures : SD Corporation Pvt. Ltd.Awards / Recognitions :SP Infocity Pune won the award in the Best Infrastructure category at the Maharashtra IT Awards in 2008The Imperial has won a total of 10 Asia Pacific Property Awards in the years 2009 and 2010SP Infocity Chennai is a pre-certified Gold rated Green buildingSP Infocity Manesar is a Green Building as per TERI- Griha Standardsv v vv v vv v vvvvvvTop Company OfficialsMr. Kekoo ColahCEO (Real Estate)kekoo.colah@shapoorji.comMr. Rayomand DasturExecutive V P, Sales & Mktg.rayo.dastur@shapoorji.com78
  • 69. SHRIRAM PROPERTIES LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: No. 40 / 43, 8th Main, 4th Cross, RMV Extension, Sadashivanagar, Bangalore - 560080: Mr.MMurali : ManagingDirector: 080-40229999 : 080-41236222: murali@shriprop.com : www.shriramproperties.com: `248Cr: “Shriram Properties Ltd” is the property development arm of the diversified multibillion USD Conglomerate, the “Shriram Group,Chennai (www.shriram.com)” and was incorporated in 1995. The company has operations in Bangalore, Chennai, Kolkata,Visakhapatnam and Coimbatore. Shriram Properties has to its credit having delivered over 5.44 Million sq. ft. of built-up space whichincludesresidentialandITSEZ.Anotherover60Millionsq.ft.builtupspaceisundervariousstagesofdevelopment.TheCompanyhasattracted and have creditable investments both at the Entity levels & SPV levels from various Investors from US, UK & India-thanks toprovenperformancerecords.Projects : Residential and CommercialProject Location(s) : BangaloreChennaiVizagKolkataCoimbatoreSubsidiary Companies : SPL Realtors Pvt. Ltd.Shriprop Housing Pvt. Ltd.Shriprop Structures Pvt. Ltd.Joint Ventures : Shriram Properties & Infrastructure Pvt. Ltd.Bengal Shriram Hitech City Pvt. Ltd.Global Entropolis (Vizag) Pvt. Ltd.vvvvvvvvvvvTop Company OfficialsMr. M MuraliManaging Directormurali@shriprop.comMr. S S AsokanExecutive Directorasokanss@shriprop.comSome of the Completed Projects1. Name : Shriram SpandhanaType : Residential ApartmentsLocation : BangaloreSize (sq. ft.) : ~ 1 Mn SFT BUAYear of Completion : 20072. Name : Shriram SamrudhiType : Residential ApartmentsLocation : BangaloreSize (sq. ft.) : ~ 1 Mn SFT BUAYear of Completion : 20073. Name : Shriram White HouseType : Residential ApartmentsLocation : BangaloreSize (sq. ft.) : ~ 1 Mn SFT BUAYear of Completion : 20054. Name : Shriram GatewayType : IT SEZLocation : ChennaiSize (sq. ft.) : ~ 1.2 Mn SFT BUAYear of Completion : 2010Some of the Ongoing Projects1. Name : Shriram GatewayType : IT SEZ, Residential Apartments,Mall, HospitalityLocation : ChennaiSize (sq. ft.) : ~ 6 Mn SFT BUAEstimated Year of Completion : 20152. Name : Shriram Sonar BanglaType : Integrated TownshipLocation : KolkataSize (sq. ft.) : ~ 26 Mn SFT BUAEstimated Year of Completion : 20203. Name : Shriram Panorama HillsType : Intergrated TownshipLocation : VisakhapatnamSize (sq. ft.) : ~ 6.5 Mn SFT BUAEstimated Year of Completion : 20154. Name : Shriram SahanaType : Residential ApartmentsLocation : BangaloreSize (sq. ft.) : ~ 1.3 Mn SFT BUAEstimated Year of Completion : 2014Projects (Domestic/International):80
  • 70. SOME OF THE ONGOING PROJECTSShriram Gateway - ChennaiShriram Panorama Hills - VizagShriram Sonar Bangla - KolkataShriram Sahana - BangaloreShriram Samrudhi - BangaloreShriram Gateway - IT SEZ - ChennaiShriram Whitehouse - BangaloreShriram Spandhana - BangaloreSOME OF THE COMPLETED PROJECTS81
  • 71. SILVER REALTIES & INFRASTRUCTURE PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 112-113 Silver Sanchora Castle, 7-8 R.N.T Marg, Indore - 452001: Mr.HiteshMalhotra : Sr.VicePresident: 0731-4276300 : 0731- 4042272: info@silverinfra.com : www.silverinfra.com: ` 40Cr: Silver Realties & Infrastructure Pvt. Ltd., a joint venture company between FIRE Capital Fund Mauritius Pvt. Ltd. & its Indian partnerM. Jhaveri Group of Indore. Silver Springs township, the flagship project of SRIPL, is synonymous with luxurious living & internationallifestyle. The fully built-up self contained township sprawled over 139 acres of prime spaces has created a benchmark in real estatedevelopment in central India. The township is designed by the world renowned firm of architects, RMJM, UK. The Central Indias firstFDI funded township has all the world class amenities like School, Club House, Hospital, Commercial Spaces, Residential complexes,Convenient Store, Sports Complex, Hotel, Restaurant etc. The availability of diverse housing options suitable for all budgetrequirements ranging from large spectacular villas to compact independent row houses, from luxurious & spacious apartments tocomfortable & well priced midrise units makes the township simply beyond comparison. Silver Springs, where form & function meet, iscreating spaces that truly match international standards. Here one can reveal in the essence of luxury, experience comfort of modernlifestyle&enjoyaestheticsofcontemporaryarchitecture,withintheambienceof139acresoftownship.Projects : Residential & CommercialProject Location(s) : Agra Bombay Bypass Road, Gram Mundla Nayta, New IndoreJoint Ventures : SRIPL- Joint venture company between FIRE Capital Fund Mauritius Pvt. Ltd. & its Indianpartner M. Jhaveri Group of IndoreAwards / Recognitions :Central Indias first township awarded with Mega Project by M.P. GovernmentIDA My Realty Kings awards for the excellence in real estate based on the study by the renowned firm ”Ernst & Young”in 3 different categories:Silver Springs Township awarded as The Best Integrated Township - UpcomingSilver Springs Phase I awarded as The Best Residential Complex - CompleteVilla Ruby awarded as The Best Residential Property Luxury Segment - CompletevvlllTop Company OfficialsMr. Abhishek JhaveriManaging Directorabhishek@silverinfra.comMr. Hitesh MalhotraSr. Vice Presidenthitesh@silverinfra.comCompleted Products1. Name : Villa RubyType : Independent Luxury VillasLocation : Silver SpringsSize (sq. ft.) : 4,456Year of Completion : Being Delivered2. Name : Villa PearlType : Independent VillasLocation : Silver SpringsSize (sq. ft.) : 2,893Year of Completion : Being Delivered3. Name : Midrise ApartmentsType : 2/3 BHK Luxury ApartmentsLocation : Silver SpringsSize (sq. ft.) : 1,517 / 2,089Year of Completion : Being Delivered4. Name : Silver UrbaneType : 2/3 BHK Premium CondominiumsLocation : Silver SpringsSize (sq. ft.) : 1,323-1,521 / 1,768-2,071Year of Completion : Being DeliveredUpcoming Products1. Name : Silver Springs-Business ParkType : Commercial-Serviced Plots & Office SpacesLocation : Silver Springs-Phase IISize (sq. ft.) : 9,14,760Estimated Year of Completion : 20122. Name : Villa EmeraldType : Independent Luxury VillasLocation : Silver Springs-Phase IISize (sq. ft.) : 3,530Estimated Year of Completion : 20123. Name : Town House-Topaz/OnyxType : Row HousesLocation : Silver Springs-Phase IISize (sq. ft.) : 1,970/1,645Estimated Year of Completion : 20124. Name : Silver LifespacesType : 2/3/4 BHK ApartmentsLocation : Silver Springs-Phase IISize (sq. ft.) : 1,000/1,211/1,350/1,565Estimated Year of Completion : 2012Products82
  • 72. SRIJAN REALTY LTD.AddressKeycontactperson DesignationTe FaxE-mail WebsiteTurnoverCompanyProfile: Srijan House, 36/1A, Elgin Road, Kolkata – 700020: Mr.ShyamSunderAgarwal : Chairman: 033-40402020 : 033-40402040: shyam@srijanrealty.com : www.srijanrealty.com: `208.84Cr.(approx.)/US$45.93mn(approx.): Srijan Realty Limited is a fast growing real estate company engaged in construction of several real estate projects across the country tomeet the growing demand of an emergent India. The Enviable Reputation Company has acquired in Eastern India for its expertise inbuildingconstructioninjust7yearsistheresultsofInnovationsandImaginationofMr.ShyamSunderAgarwal.Srijanbelievesinintegratingcreativity,experienceandtechnicalexpertiseintothemostextensivevarietyofhighqualitypropertiesfromResidentialdreamhomestosuperiorCommercialhubs,InfrastructuresandITzonestofulfillspecificaswellasmultiutilitydesires.The Company is well known for setting benchmarks for residential and commercial projects. Its landmark residential and commercialprojects include Sherwood at Narendrapur, PS SrijanTech Park at Sector V Salt Lake City, Palazzo near Ballygunge, Greenfield City atBehala,GalaxyMallatAsansol,HeritageSrijanToweratKankurgachiandTheGrandVelacheryMallatChennai.The Companys upcoming residential property in Kolkata includes Project in Manikpur near Goria, Buroshibtala near New Alipore,Bantala, Ghuni in Rajarhat, kamalgazi near Pepsi Factory, Liluah near Howrah, Mahesvatan near Salt lake and townships at Chennaiand Coimbatore.The Planned commercial properties coming up at Kolkata are business park at gobra road, Wood Square Mall atNarendrapur, Continental at Topsia Road, PS Srijan Corporate Park at Sector V Salt Lake City and The Grand Coimbatore Mall atCoimbatore.Completed Projects1. Name : Sherwood EstateType : ResidentialLocation : 169, N.S.C. Bose Road, Narendrapur, Kolkata-700103Size (sq. ft.) : 11,07,000Year of Completion : 20092. Name : PS Srijan Tech ParkType : IT ParkLocation : DN 52, Salt Lake City, Sector V, Kolkata - 700 0910Size (sq. ft.) : 4,28,000Year of Completion : 20103. Name : Srijan Heritage EnclaveType : ResidentialLocation : Ward No. 6, Mouza Atghara, P.S. Rajarhat, Dist.24Paragans, NorthSize (sq. ft.) : 1,90,000Year of Completion : 20094. Name : Trinity PlazaType : CommercialLocation : 84/1A,Topsia Road, South,Kolkata-700 046Size (sq. ft.) : 54000Year of Completion : 2006Upcoming Projects1. Name : Greenfield CityType : ResidentialLocation : Behala, KolkataSize (sq. ft.) : 3896455Estimated Year of Completion : 20162. Name : PS Srijan Corporate ParkType : CommercialLocation : GP 2, Block GP, Sector V,SaltLake,Kolkata-700 091Size (sq. ft.) : 852380Estimated Year of Completion : 20143. Name : Srijan MidlandType : ResidentialLocation : Jessore Road, Madhyamgram, KolkataSize (sq. ft.) : 3,40,000Estimated Year of Completion : 20124. Name : Srijan ManikpurType : ResidenttialLocation : ManikpurSize (sq. ft.) : 1500000Estimated Year of Completion : 2014Projects (Domestic/International):Projects Location(s) : KolkataChennaiAsansolSalasarCoimbatoreBurdwanSubsidiary Companies : N.K. Realtors (P) Ltd.N.K. Tower (P) Ltd.Lansdown Medicals (P) Ltd.Srijan Arts (P) Ltd.Awards / Recognitions : “SHERWOOD ESTATE” residential project got CNBC AWAZ REAL ESTATE AWARD forbest residential building in eastern India for 2008-2009“PS SRIJAN TECH PARK“ commercial project got ULTRA TECHEXCELLANCE AWARDABID Award of Excellence 2008 by ABID, KolkatavvvvvvvvvvvvvTop Company OfficialsMr. Shyam Sunder AgarwalChairmanshyam@srijanrealty.comMr. Ram Naresh AgarwalWhole Time Directorrna@srijanrealty.com83
  • 73. SUNIL MANTRI REALTY LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: GA-1, Court Chambers, 35, New Marine Lines, Mumbai – 400020: Mr.AbhishekTewari : Sr.Manager(Marketing): 022-61560500 : 022-22000044: abhishek.tewari@mantrirealty.com : www.mantrirealty.com: Sunil Mantri Realty Ltd., the flagship of the Sunil Mantri Group, is a leading real estate development company in India with buildingactivities spread across the country. It provides high quality living and working spaces, with a presence in states of Maharashtra,MadhyaPradesh,AndhraPradesh andKarnataka.With an industry exposure of 20 years the company has built a loyal customer base. The companys project management skills areattested by over 15,000 customers who occupy 140 projects spanning 15 million square feet of development in 650 completedstructures.The companys sister organisation, Alliance Finstock Limited, incorporated in 1995, was formed with the objective of facilitating thetrading of stock on the Bombay Stock Exchange (BSE), Over the Counter Exchange of India (OTCEI), Bangalore Stock Exchange(BGSE)andPuneStockExchange(PSE).With offices in 12 cities including Mumbai, Pune, Solapur, Bangalore, Hyderabad, Kolhapur, Nagpur and Gwalior, the company is wellequippedtorenderqualityservicestothemarketwithitshighprofilecoregroupofprofessionalsledbyitstechnocratchairmanMr.SunilMantri.Projects : Residential, Commercial, IT Parks, Integrated TownshipsProject Location(s) : Mumbai Pune Solapur KolhapurSangli Nagpur Bangalore GwaliorOther Businesses : Hospitality, Financial ServicesSubsidiary Companies : Alliance Finstock Ltd. Mantri Hospitality Pvt. Ltd.Awards / Recognitions :Realty Excellence Award – 2011 - Mrs. Sarita Mantri - Female Real Estate Professional of the Year 2011Accommodation Times - Award for Mass housing project of the year 2011Western India Mobile Associations PCRA - 1st runner up Award - Petroleum Conservation Research AssociationInstitute of Economic Studies (IES) - IES - Udyog Rattan Award to Mr. Sunil MantriMaharashtra Economic Development Council - Award for Use of Land Resources in Economic Development ofMaharashtraAccommodation Times Awards - Award for IT Space provider of the year 2007Entrepreneurship Excellence award for the year 2007 - Awarded to Mr. Sunil MantriMarathvada Lokvikas Manch - Marathvada Gaurav Puraskar Award – 2011, awarded to Mr. Sunil MantriVishveshvaraiya Construction - Excellence Award 2003 - Award for Eminent Building of the Year 2003v v v vv v v vv vvvvvvvvvvTop Company OfficialsMr. Sunil MantriChairmanMr. Sarita MantriKey PersonCompleted Projects1. Name : Mantri ParkType : Residential + CommercialLocation : MumbaiSize (sq. ft.) : 7 lakhYear of Completion : 20102. Name : Mantri SereneType : ResidentialLocation : MumbaiSize (sq. ft.) : 7 lakhYear of Completion : 20113. Name : The SquareType : Residential + CommercialLocation : SolapurSize (sq. ft.) : 15,500 sq. mtrs.Year of Completion : 20114. Name : Mantri PremeroType : ResidentialLocation : BangaloreSize (sq. ft.) : 3.1 acresYear of Completion : 2011Upcoming Projects1. Name : Mantri RoyaleType : ResidentialLocation : BangaloreSize (sq. ft.) : 3 acresEstimated Year of Completion : 20122. Name : WaterfrontType : Residential + CommercialLocation : SolapurSize (sq. ft.) : 3 acresEstimated Year of Completion : 20123. Name : Mantri CityType : Residential + CommercialLocation : GwaliorSize (sq. ft.) : 375 acresEstimated Year of Completion : 20134. Name : Mantri ImperialType : ResidentialLocation : GwaliorSize (sq. ft.) : 1 acreEstimated Year of Completion : 2013Projects (Domestic/International):84
  • 74. TASHEE GROUPAddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 517 A, 5TH Floor, Narain Manzil, 23, Barakhamba Road, Connaught Place, New Delhi - 110001: Maj.SanjayKhorana : VP-BusinessDevelopment: 011-41519663/64,41519553 : 011-41519665: info@tashee.in : www.tashee.in: `1050Cr/US$233mn: TASHEE has a business interest in real estate. The Group has a successful track record of conducting real estate projects in India.Tashee in now in a stage of expansion and is currently focused on developing quality real estate projects.The group is distinguished byitsfocusedapproachondevelopmentofstrategicallylocatedrealestateprojectsinvariouspartsofNorthIndia.The company is well geared and equipped and has launched its Group Housing Colony at Sector-68, 106 & to launch Sector-111 inGurgaon,Haryanainthecurrentfinancialyear.Projects : Residential and TownshipsProject Location(s) : AmritsarGurgaonOther Businesses : Entertainment (Film Industry)Subsidiary Companies : K N Consultants Private LimitedTASHEE Land Developers Private LimitedK N Infracon Private LimitedSoni Infratech Private LimitedTASHEE Entertainment Private LimitedJoint Ventures : Spire WorldvvvvvvvTop Company OfficialsMr. K. N. ShuklaCMDshuklakn@tasheee.inMaj. Sanjay KhoranaVP - Business Developmentsanjaykhorana@tashee.inUnder Construction Projects1. Name : Spire CentralType : ResidentialLocation : New Palam Vihar, Sector -106,Gurgaon, HaryanaSize (sq. ft.) : 10,00000Estimated Year of Completion : 20132. Name : Capital GatewayType : ResidentialLocation : New Palam Vihar, Sector 111Gurgaon, HaryanaSize (sq. ft.) : 9,00000Estimated Year of Completion : 2014Upcoming Projects1. Name : Spire SouthType : ResidentialLocation : Sector - 68, Gurgaon, HaryanaSize (sq. ft.) : 11,00000Estimated Year of Completion : 20132. Name : Mega TownshipType : TownshipLocation : NH-1, Amritsar, PunjabSize (sq. ft.) : 1,70,00000Estimated Year of Completion : 2015Projects (Domestic/International):86
  • 75. UNDER CONSTRUCTION PROJECTSUPCOMING PROJECTS87
  • 76. THREE C UNIVERSAL DEVELOPERS PVT. LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteCompanyProfile: C-23, Greater Kailash Enclave – 1, New Delhi – 110048: Mr.DevanshuMohanBhatnagar : Executive-CorporateCommunications: 0120-4766414 : 0120-4766445: info@the3c.in : www.the3c.in: Apioneer in conceiving and executing Green Developments in Delhi and NCR, the pro-environment The 3C Company is driven by themotto "Creating, Caring and Conserving" and focuses primarily on delivering state-of-the-art energy efficient buildings.At a time whenmany of the major players in the construction and development industry are still accumulating their resources to develop environmentfriendly construction solutions, 3C has already set very high standards and created benchmarks of Green Construction for others tofollow. Pledged towards reducing the carbon footprint on Earth, 3C has been creating buildings that are truly sustainable in form,functionanduse.Thesesustainabledevelopmentsnotonlyusefarlessnaturalresourcesandenergyinthemannerinwhichtheyarebuilt,butarealsomoredurableandrequirelessmaintenance.Projects : Commercial, IT Park, Mixed Land Use, Residential, SEZ and SchoolAwards / Recognitions : 2011CSR Initiative of The Year by a Real Estate Firm, at the Realty Plus Excellence Awards2011Lotus Panache Awarded as the most Environment Friendly Project at the BIB IndustryLeadership Awards 2011Lotus Panache Awarded as the Most Innovative Green Housing Project BIB IndustryLeadership Awards 2011The 3C Company awarded with Corporate Social responsibility Initiative of the Year 2011.project in India2010Best Developer – Commercial, at the Realty Plus Excellence Awards 2010Green Developer of The Year - Estate Awards 20102009Rashtriya Nirman Rattan Award (Outstanding Services to Society and Excellence) by AllIndia Achievers ConferencevvvvvvvTop Company OfficialsMr. Surpreet SuriDirectorsurpreet@the3c.inMr. Nirmal SinghDirectornirmal@the3c.inMr. Vidur BharadwajDirectorvidur@the3c.inCompleted Projects1. Name : Green BoulevardType : CommercialLocation : Sector 62, NoidaSize (sq. ft.) : 9,52000Year of Completion : 20092. Name : Wipro CampusType : CommercialLocation : GurgaonSize (sq. ft.) : 40,00000Year of Completion : Already Operational3. Name : Patni CampusType : CommercialLocation : Sector 139-140, NSEZ, NoidaSize : 4,60,000Year of Completion : Already Operational4. Name : CSC CampusType : CommercialLocation : NoidaSize (sq. ft.) : 18,00000Year of Completion : Already OperationalUpcoming Projects1. Name : Lotus Boulevard & LotusBoulevard EspaciaType : ResidentialLocation : Sector 100, NoidaSize (sq. ft.) : 40 Acres (30 + 10) AcresEstimated Year of Completion : For Lotus Boulevard 1st Phase ofconstruction delivered in Last Quarter of2011 and for Lotus Boulevard Espacia in 20142. Name : Lotus PanacheType : ResidentialLocation : Sector 110, NoidaSize (sq. ft.) : 41 AcresEstimated Year of Completion : 1st Phase in July 20123. Name : Delhi OneType : Mixed Land Use DevelopmentLocation : Sector 16 A, NoidaSize (sq. ft.) : 12.5 AcresEstimated Year of Completion : Under construction4. Name : Lotus 300, NoidaType : ResidentialLocation : Sector 107, NoidaSize (sq. ft.) : 10 AcresEstimated Year of Completion : 2014Projects (Domestic/International):88
  • 77. COMPLETED PROJECTSUPCOMING PROJECTSCSC Campus, NoidaGreen Boulevard, Noida - Platinum Rated LEED Certified BuildingPatni Campus, Noida - Platinum Rated LEED Certified BuildingWipro Campus, Gurgaon - Platinum Rated LEED Certified BuildingLotus Panache, NoidaLotus Boulevard Espacia, NoidaLotus Boulevard, NoidaDelhi One, NoidaLotus 300, Noida89
  • 78. USHA BRECO REALTY LTD.AddressKeycontactperson DesignationTel FaxE-mail WebsiteTurnoverCompanyProfile: 710 Meadows, Sahar Plaza, Andheri – Kurla Road, Andheri (East), Mumbai 400059: Ms.ReneldaFernandes : AssistantManager(SecretarialServices): 022-40493800 : 022-40493805: renelda.f@usharealty.net / info@usharealty.net : www.usharealty.net / www.ushaspaces.com: NewEntityformedinearly2008: Usha Breco Realty Limited is a real estate development company, majority owned by Jhawar family, promoters and founders of UshaMartin Group, one of the worlds leading manufacturers of wire ropes, having turnover of US$ 1 billion and employing more than 4500peopleacrosstheglobe.Usha Breco Realty; focus has been on joint venture / joint development of real estate projects particularly, affordable value housingandhasunrivalledprojectmanagementexpertise.Usha Breco Realty has its headquarters in Mumbai and also offices in Delhi, Kolkata and London and developing residential projectsvaluingmorethanUS$80million.Projects : Residential, Integrated Development & Educational InfrastructureProject Location(s) : Boisar (West), Maharashtra and in & around Kolkata and RanchiiOther Businesses : Real Estate & Infrastructure program managementAwards / Recognitions :First Affordable Housing Project to get CRISIL (A Standard & Poors Co.) Real Estate Star RatingsAn Entrant to the Sustainable Urban Housing by Ashoka Changemakers supported by Rockefeller Foundation25th Accommodation Times National Real Estate Awards 2010 - "Corporate Governance" AwardRealty Plus Excellence Awards (West) 2011 - Debutant of the year in Real Estate - Usha Breco Realty Limited: Thereal estate organization, which is yet to deliver the first project in its domain but has demonstrated tremendous footworkin the sameRealty Plus Excellence Awards (West) 2011 - Pathfinders Award for the Most Enterprising CEO: The Chief Executivewho has demonstrated excellence in leading his/her organization, and has been the agent for the greatest change for theorganizationvvvvvTop Company OfficialsMr. Uday DharmadhikariChief Executive Officerrenelda.f@usharealty.netMr. Dileep SinghVP-Corporate Finance & Investmentsdileep.s@usharealty.netUpcoming Projects1. Name : Chhaya NiwasType : Affordable Value HousingLocation : Boisar (West) MaharashtraSize (sq. ft.) : 425000 sq. ft.Estimated Year of Completion : 20132. Name : EstelleType : ResidentialLocation : Boisar (West) MaharashtraSize (sq. ft.) : 450000 sq. ft.Estimated Year of Completion : 2014Projects (Domestic/International):90
  • 79. VALUE INFRACON INDIA PVT LTD.AddressKey contact person DesignationTel FaxE-mail WebsiteCompanyProfile: CORPORATE OFFICE- H-198, 2nd Floor, Sector-63, Noida - 201301REGISTERED OFFICE- 715, Naurang House, 21 K.G. Marg, Connaught Place New Delhi - 110001: Ms. Priya Nair : Deputy Manager - Corporate Communications: 0120-4630463 : 0120-4630400: priya.nair@valueinfracon.com : www.valueinfracon.com: Value Infracon India Pvt Ltd is a company which made a mark in the real estate and infrastructure industry. Incorporated in 2007, thegrouphasgrownmassivelyoveryearsachieving aturnoverofINR100CroresWhat distinguishes the company is the primacy it accords to new innovations and creations and magnificent homes in a affordableprice.ValueInfraconsstrengthstemsfromitshighlyexperiencedteam,strongdisciplinarycapabilitiesandstate-of-the-artinfrastructure.ThegrouphasasizeablepresenceinDelhi/NCR,andwillspreaditsoperationallacrossin Indiaandinternationally.Projects : MEODOWS VISTA (Residential)Project Location(s) : Rajnagar Extn. NH-58, GhaziabadSubsidiary Companies : Maxout Infrastructures Pvt. Ltd.Awards / Recognitions : 2009 - Upcoming Developer Award2010 - Award for Best Company In SBI Loan CarnivalImportant Joint Ventures : Long Jain Road & Bridge Co. Ltd for NH-8 ProjectGeo Miller& Co. Pvt. Ltd for STP projects in Meerut and MoradabadAdani Logistics Ltd.vvvvvTop Company OfficialsMr. Pramod Kumar SinghManaging Directorwww.valueinfracon.com92
  • 80. Articles
  • 81. India has the second largest population in the world and is expected to overtake China by 2025. Fulfilling thehousing needs of the Indian population which is growing at 1.41% annually is a tremendous challenge for thegovernmenttoday.Indiasurban populationtoo issteadilyrisingand isexpectedto reachcloseto 600millionby2031,puttingIndiancitiesandtownsinthecenterofthecountrysgrowthtrajectory.Today, the infrastructure in Indias urban centers is stretched to the limit due to the influx of millions of peoplemigrating there in search of a source of livelihood. Urban Indias housing shortage itself is estimated to be amammoth 24.7 million housing units and nearly 99% of this shortage is in the low-income housing bracket. Thereal estate industry has been making the most of this massive demand but development has been solelymotivated byprofit and has failed to ease the housing deficit. Coupled with a lax regulatory scenario and its wellearned reputation as a convenient outlet for black money, this industry has become a haven for tax evaders.This proliferation of a parallel cash economy has created an asset price bubble which has refused to burst eveninthefaceofaglobaleconomiccrisis.The current housing crisis in the urban centers can be alleviated to a large extent if the powers that be focus onthe pillars of transport infrastructure, industry regulation, rental housing and organizing an efficient fundingmechanismtothesector.Urban Centers are bursting at their seams today as they keep stretching their boundaries to accommodate theever increasing workforce. Urban infrastructure however has not kept pace with this massive influx of people.Roads in a constant state of disrepair, perpetual traffic congestion and an overstressed rail network arecharacteristics of our transportation system. One only has to look westward at leading western cities likeManhattanandLondonwhichhavemultipleefficientlinesofcommuteintotheCBD.Manhattan faces much of the same land constraints of Mumbai as well as the fact that it is a peninsular city.However, efficient and farsighted planning has ensured its evolution over and under the ground withskyscrapers and underground metros which maximize land-use. Its local railways connect locations up to 132kms away and ferries provide connectivity to dense residential hubs like New Jersey. Using this example as amodel, existing FSI norms for frontline cities such as Mumbai, Delhi and Bangalore must be relaxed to maximizeland-use.It is critical for the development of any urban center that transport infrastructure be augmented by avenueswhich have a minimum land footprint such as waterways and flyovers and are built to last and dont requirerepairs during every monsoon. The very approach to FSI norms, input costs, taxation and approval processesneeds to change if supply is to be increased to cater to the right demographic in the right locations. For eg FSInormsshouldberelaxedforareaswhichareclosetotransportationnodeslikehighwaysandstationssothattheurban populace canbe concentrated there, tax sops and TDR should be provided so developers are incentivizedtobuildforthebulkofthemassesatlowerticketsizes.TransportConnectivityTHE REAL ISSUEBy: Pranay Vakil, Chairman, Knight Frank (India) Pvt. Ltd.94
  • 82. RegulationRentalHousingRegulation is required for any industry to function properly and the real estate industry is no exception. Themarket is being manipulated by the big and influential real estate lobby causing large inequities in resource andproduct allocation. It is imperative that a governing body such as the Real Estate Regulatory Authority (RERA)comes into force. The RERA which is being lobbied for by the Confederation of Real Estate DevelopersAssociationofIndia(CREDAI)beanimplementeroflawsratherthanjustactinanadvisorycapacity.The new Bill should evolve procedures supported by law and ensure the safety of the common man which isseverely compromised in the current scenario. The RERA should ensure transparency in new projects byimposing mandatory clearances from the RERA after careful scrutiny from all angles of feasibility and successfulimplementation.BasicclearancedocumentssuchastheCommencementcertificateandCompletioncertificateshould be made available to all prospective buyers before the agreement for sale is signed. The RERA should befurnished with all details of the project, credibility of the promoter as well as the availability of resources withthepromotertodelivertheprojectinatime-boundschedule.Accounting norms for the listed players should be standardised across the industry. It is extremely difficult tojudge the financial health of developers by studying their balance sheets. For example the method by whichthese companies book revenues differ across the industry, some prefer to use the Percentage Completionmethod while others book revenues on completion of the project. A company might not even stick to the samemethodeveryyearwhichmakesitverydifficulttocompareresultsbetweenperiodsandbetweencompaniesaswell.Homebuyers and investors confidence which has been severely hit as the scamtainted industry is constantly inthemediaglarewillgetaboostoncetheregulatorplaysamoreactiveroleinpolicingtheindustryplayers.The ever-increasing housing needs in urban centers have caused home prices to shoot up to extremelyunaffordable levels. According to CREDAI, this is caused as the equilibrium of demand and supply has collapsedandthesupplycurvehasgonelopsidedwithdemandescalatingrapidly.Rental Housing can go a long way in addressing the problem of urban housing for the economically weakersections of society. While it is a plausible solution, what it requires is support mechanisms which incentivizerental housing in the housing policy, specifically for the lower incomegroups. This government policy thrust hasalwaysbeenonincreasingthehomeownershiprateandhasonlyjustbeguntoexplorerentalhousingasaviablealternative. The Mumbai Metropolitan Region Development Authority (MMRDA) model is a good example ofhow government agencies can boost this sector by incentivizing development using the TDR model, AdditionalFSI Model and Model for Govt. Lands vested with MMRDA. The MMRDA has already sanctioned locationclearancestoatotalof34,63,720squaremetersoflandtoaccommodate1,99,529rentalunitstocomeupintheRaigadandThaneDistricts.The Rent Control Act was brought into force to protect the interests of the tenants by shielding them from rentincreases and from being evicted from the property, thereby encouraging rental housing. This law has provedcounterproductiveasownersnowrefusetoinvestinrepairsandrenovationofthepropertyastherentalreturnsdonotjustifytheexpenseanymore.95
  • 83. Global markets have been known to support rental housing in a much better and organized manner. The adventof Real Estate Investment Trusts (REIT), Real Estate Mutual Funds (REMF), insurance companies and long termproprietary funds which invest up to 10% of their corpus in real estate have provided a huge boost to the globalresidentialrentalmarket.TheseinvestmentvehiclesareyettofindafootholdinIndia.Itisestimatedthatnearly60% of all properties in Europe and the US are rental but people in India look down upon rental housing asowned property is perceived as a greater measure of financial prudence and wealth. Also, there is the risk oflosingonespropertyastherentallawsfavortheinterestsofthetenanttoamuchgreaterextent.India is the ninth largest construction market in the world according to a Global Construction 2020 report byOxford Economics. Growing at an estimated cumulative annual growth rate of 8.9%, it is expected to becomethethirdlargestmarketby2020andisgloballyacknowledgedasanextremelylucrativebusinessopportunity.The real estate market in India, particularly the residential segment, has been on a roller coaster ride over thelast three to four years due to the economic crisis. The highly leveraged real estate sector was faced with asevere liquidity crunch as sales momentum all but ground to a halt and it was unable to service its debtobligations. Upon RBI directions, banks had extended generous debt restructuring support to the real estatesector. This was on the premise that the sales momentum would continue post the economic recovery and thedevelopers would have adequate liquidity in 12 to 24 months period. However, sales momentum has notrecovered while prices have zoomed above their 2007 highs. Debt refinancing will not be an easy task this timearound for the real estate sector as the RBI has been actively encouraging banks and other financial institutionstoreducetheirexposuretothisscamtaintedsector.The Equity market is no longer a viable source of funding either as investors stay away from the industry afterburning their fingers on earlier equity issues. All but one of the listed players stock is still being quoted at apremium to its listing price. Another source of funding which the industry was banking on was Real EstatePrivate Equity Funds (PE), several of whom were aggressively chasing deals in the recent past. Gradually, thissource too is steadily drying up since 2007. The PE players have expressed concern about difficulty in exits,governance issues in investee companies and certain taxes such as the Dividend Distribution Tax which areexcessiveanddonotconformwithglobalstandards.Also,theinterestofoverseasLimitedPartnersinIndianrealestate has shown decline in the recent months. The current PE activity in India has largely been by domesticinvestorsorbywayofmezzaninecapital,organisedasForeignDirectInvestments.Even the extraordinarily bullish investors segment which had no qualms picking up real estate stock in the pre-sales stagewith little more than an allotment letter protecting their interests, has becomewary in recent times.Theyhavebegunregisteringagreementstopartiallyinsulatethemselvesfromtheinordinatedelaysinsalesandconsequently delayed completions that characterise the industry today. Developers have been forced toborrowatover30%fromHNIsandotherunorganizedsourcestocovertheirinterestpaymentsfromthebankingfraternity. However, this can at best be seen as a source of Bridge/ Mezzanine finance and cannot be sustainedoverthelongrun.It remains to be seen how long developers choose to hang on to inventory and prolong this deadlock. However,it seems like just a matter of timebefore this stalemate is broken and developers are forced to reduce pricesandsubmittothemarketforces.Funding96
  • 84. RealEstateOverviewAdvantageIndiavvvvvThe last few years saw Indian real estate sector witness a quiet revolution, owing to a growing economy and apositive government attitude, which includes a liberalized foreign direct investment regime. The IT and ITESsector growth further had a domino effect since for every sq ft of developed office area around 10 sq ft ofresidentialspaceneededtobedevelopedforaccommodationoftheemployees.Almost 80 per cent of real estate developed in India is residential space, the rest comprising of offices, shoppingmalls,hotelsandhospitals.AccordingtotheEleventhFiveYearPlan,thereisashortageof26.53milliondwellingunits. Thus, over the next 10 to 15 years, 80 to 90 million housing dwelling units will have to be constructed withamajorityofthemcateringtomiddleandlowerincomegroups.After agriculture, real estate sector is the secondlargest employment generator in India and contributes heavilytowards gross domestic product (GDP). Five per cent of the countrys GDP is contributed by the housing sector.Inthenextfiveyears,thiscontributiontotheGDPisexpectedtorisefurther.Real estate sector is also responsible for the development of over 250 other ancillary industries such as cement,steel, paints etc. A study by rating agency ICRA shows that the construction industry ranks 3rd among the 14majorsectorsintermsofdirect,indirectandinducedeffectsinallsectorsoftheeconomy.Apart from the huge demand, India also scores on the construction front. McKinsey report reveals that theaverage profit from construction in India is 18 per cent, which is double the profitability for a constructionprojectundertakenintheUS.According to The World Fact Book, India is among the worlds youngest nations with a median age of 25years as compared to 43 in Japan and 36 in USA. Of the BRIC-Brazil, Russia, India and China-countries, Indiaisprojectedtostaytheyoungestwithitsworking-agepopulationestimatedtoriseto70percentofthetotaldemographicby2030-thelargestintheworld.India has the second largest area of arable land in the world, making it one of the worlds largest foodproducers.With the largest number of listed companies - around 10,000 across 23 stock exchanges, India has the thirdlargestinvestorbaseintheworld.Indias healthy banking system with a network of over 70,000 branches is among the largest in the world.NPA (non-performing assets) levels of banks in India are under 3 per cent, one of the lowest amongemergingnations.According to a study by the McKinsey Global Institute (MGI), Indias consumer market will be the worldsfifth largest (from twelfth) in the world by 2025 and Indias middle class will swell to 583 million people by2025.GODREJ PROPERTIES LTD.By: Milind Korde, Managing Director, Godrej Properties Ltd.97
  • 85. vvTheRealEstateOpportunityAccording to a report Emerging trends in Real Estate in Asia Pacific 2011, released byPricewaterhouseCoopers (PwC) and Urban Land Institute (ULI), India is the most viable investmentdestinationinrealestate.According to the data released by the Department of Industrial Policy and Promotion (DIPP), housing andreal estate sector including cineplex, multiplex, integrated townships and commercial complexes etc,attracted a cumulative foreign direct investment (FDI) worth US$ 9,405 million from April 2000 to January2011whereinthesectorwitnessedFDIamountingUS$1,048millionduringApril-January2010-11.Commercialsegmentopportunity:A growing economy leads to increased commercial activity and development. India has a 496.4 million workforce. It enjoys a competitive edge in the commercial real estate as it has vast pool of intellectual capital and ishighlycosteffectiveness.Typically, the yields on commercial properties are between 10%-12% pa along with built-in escalations. Aninvestor buying this property can borrow amounts against the property and its future rentals leading to anadditional yield of about 3% due to the arbitrage. Even assuming a modest annual appreciation, the totalreturns work out in the range of 17%-18% pa, which translates in to an excellent investment opportunity. Theotherfactorsdrivinginvestmentsarerisingoccupancies,on-the-riserentals&pricing,highergrowthindemandvis-à-vis supply. Of course factors like location, infrastructure, connectivity, facilities & amenities also play amajor role. The rate of growth of IT/ ITES sector in the country has also fueled opportunities in the commercialsegment.Retailsegmentopportunity:Indian consumer is emerging from decades of minimal choice, restrictive legislation and stifling culturalconcerns. The consumer is now freely able to exercise his or her right to a comfortable lifestyle without guilt orjudgment. Emerging modern retail formats are offering exciting customer interaction, pleasing ambience and aconnectionwith previouslyunseen product. Newretailformats thathave taken several decadesto evolve in theWestareavailableinIndiaovernight.As this market grows exponentially and newer and larger formats are being introduced, investors have theoption of having either a pure rental model or a revenue sharing model where rentals are a function of the salesorrevenues.Hospitalitysegmentopportunity:Business tourism has taken over from pure leisure travel in the priority list of hotels. The emergence of India asan outsourcing hub has led the surge of foreign tourists arriving in India. The rise in economic activity has alsocontributedtotheincreaseinbusinesstravelers.Thishasledtoasteepincreaseintheoccupanciesandaverageroom rates of the organized sector. According to an estimate, the demand for real estate focused on hospitalitysector is estimated to entail a capital investment of around $ 8 - 9 billion. Such favorable signals are bound tobringininvestments.98
  • 86. Residentialsegmentopportunity:According to the report of the Technical Group on Estimation of Housing Shortage, an estimated shortage of26.53 million houses during the Eleventh Five Year Plan (2007-12) provides a big investment opportunity.Increased incomes, easy availability of finance, favorable interest rates and tax benefits has ensured that therewill be a huge demand for residential properties. This opportunity is not only limited to the metros butpercolates to Tier II and Tier III cities as well. No wonders then investors are looking to tap this huge investmentopportunity.ApprovalprocessesMultiple approval authorities and processes lead to project delays during various stages. Simplifying theapprovalprocesswillleadtofewertimeandcostoverrunsandbetterproductsandservicesforcustomers.RampingupexecutionThe construction processes in India are highly labour-intensive. However, new technologies such as Mivan andprefabsarebeingextensivelyusedtoday.Thequalityoffinishingmaterialisimproving.Progressiveconstructionfirms have their own labour training institutes which impart training to external as well as sub-contractorslabour.Thisalongwiththetechnologiesmentionedabovewillbeabletotakecareoftheexecutionprocess.LegalframeworkLand laws in our country are archaic and very little has been done to simplify these. To this day, land remains astate subject, and every state has it own set of rules. Languages in which land documents are registered aredifferent.Theregulatoryframeworkstillisabigchallenge.QualityandTimelyDeliveryToday, people have traveled around the globe and are more aware of quality and hence dictate terms. If anybusinessisnotdeliveringonqualityandtime,thatbusinesswillnotbeabletosurviveforalongperiodoftime.InfrastructureThe key to any development is to have a well developed infrastructure in and around the location. Withgovernment focussing on developing infrastructure in the country, more and more projects are expected to beannounced.The government has introduced many progressive measures to unlock the potential of the sector and also tomeettheincreasingdemandlevels.100 per cent FDI allowed in townships, housing, built-up infrastructure and construction developmentprojectsthroughtheautomaticroute,subjecttoguidelinesasprescribedbyDIPP100 per cent FDI is allowed under the automatic route in development of Special Economic Zones (SEZ),subject to the provisions of Special Economic Zones Act 2005 and the SEZ Policy of the Department ofCommerceKeyChallengesGovernmentInitiativesvv99
  • 87. TheVerdictReal estate in India is a big opportunity. The rapid urbanization, nuclear family concept, higher disposableincomes, easier availability of credit, younger population, growing Indian economy, Government focus ondevelopment of Infrastructure etc. will lead to huge demand. This demand will be spread over to the Tier II andTierIIIcitiesandnotmerelyrestrictedtometros.Furtherthisdemandwillbeacrossallsegments.Indias GDP has grown significantly and the country has emerged as one of the fastest growing economiesin theworld.ThestockmarketshavedonewellandsohavetheIT/ITESsectors.We are also seeing public listing of real estate companies and their boards largely comprising of independentdirectors. This brings in more transparency, accountability and professionalism in the way business is carriedout. It also contributes in the development of reliable indicators of value, such as brands, in the real estatesector.On a larger level, we hope the real estate sector evolves the way the auto sector has evolved where there is aproduct for everybody. So while you have a premium offering at one end of the spectrum, for customers whocan afford it, you also have a product for the mid range and a product at the other end of the spectrum. Everypersonshouldbeabletobuytheproductbasedonhisorherpurchasecapacity.100
  • 88. Roti, Kapda, Makaan, is a common phrase in India used to denote the most fundamental needs of anyindividual. Sadly while the first two are met, a very small percentage is ever able to meet the need of owning ahome. The problem is already acute with rising property prices and inflation, and is slated to become a seriousissue in India in the next few decades as a large population reaches their retirement age. One solutionpromulgatedislowcosthousing.ButinanationlikeIndiawithahugepopulationisitevenpossible?Thedemandforaffordablehousingcanbejudgedfromafewsimplestatistics.TheurbanpopulationofIndiahasgrown from about 290 million in 2000 to over 340 million now. While the Indian urban population grew by 230million between 1971 and 2008, 250 million people will be added to already exploding cities in half the timesince 2008. This creates tremendous pressure on urban infrastructure, especially considering thatgeographically urban land occupies only 2.3% of the land mass of India but houses 30% of its population, apercentagethatwillgrowto40%by2020withoutmuchincreaseinurbanland.There is thus a huge gap between demand and supply of housing for the Indian population, especiallyconsidering that riding on a strong GDP growth year on year, millions of Indians are rising out of low incomebrackets to enter the great Indian middle lass. This class with affordable income will balloon to over 30% to 40%of our population in 20 years. And it is a population that is well informed, savvy, assertive and aspirational intheir needs and will demand better and more cost effective homes with recreational spaces. It is a populationthatwillnotbesatisfiedwiththebareminimumintheirlivingspaces,butwillinsteadseekingacertaineleganceand lifestyle in their homes rather than living in multistory buildings that are no different than slums with noamenitiesandfeaturesbeyondthefourwalls.The Indian Real Estate sector is thus in the midst of one of its greatest challenges, of not just meeting thisdemand but anticipating future demand as well. However, the industry has still not totally emerged from thechaos of the pre-liberalized era and is saddled not just byinternalcontradictions, but also heavy regulations andlawsthatarenotgeareduptomeetthisgreatdemandthatIndiafaces.For the developer, the challenges are as huge as the potential opportunities. Real estate is not just an organizedsector, but also one that is reliant on team work. However, the industry is plagued by a lack of quality staff in themanagerial, financial, technical and organizational departments. To add to this problem is the absolute lack ofany specialized courses in the country geared to teach and thus meet the need for specialized and trained staff.On top of this, those people taking educational courses that are associated to the industry, like civil engineers,areallbeingpoachedawaybyotherlucrativeindustriesliketheboomingITsector.The setting of quality standards, of construction, safety and maintenance – has not yet been done for theindustry. To add to this is the multiplicity and complication involved in getting regulatory approvals. So far theconcept of one window clearance for any construction project today has not stirred up any political will and adeveloper has to run around to different regulatory bodies that take up a minimum of eight to ten months evenafter the acquisition of land and construction planning. This is a problem where a united industry has topressurethegovernmentgogettheiracttogether.By: Brotin Banerjee, MD & CEO, Tata Housing Development Company Ltd.PUTTING ATTENTION INTO MAKAAN AFTER ROTI AND KAPDA101
  • 89. While the nation is straddled with the needs of existing infrastructure, there is hardly any focus given to theneeds that are growing everyday. There needs to be a national vision for the industry as a whole, with allconcerned bodies working towards giving this very important industry its necessary attention for it tocontributetothenationseconomyinitsfullpotential.The real estate industry is also plagued not only by lack of innovations, but also by its inability to use existingtechnology. New technology adoption, especially in e-governance, project planning, monitoring, constructionetc.canspeeduptherateofgrowthoftheindustryandthenation.One of the biggest problems of the industry is a constant liquidity crunch. Due to delay in getting regulatoryapprovalsandotherissues,ofteneitherinvestorbackoutorthepriceshootsupsohighthattheprojectremainsno longer as feasible as initial estimates. Introduction of Real Estate Mutual Funds (REMF) and REITs can be onesolution.These are general problems for the real estate industry in general, that multiplies when one applies them to adeveloper that wants to provide affordable housing, where the key trick is to have a control on all these factorsto ensure quick turn around time. On top of that, rising inflation is causing the interest rates of banks to shoot.Thus a person paying a certain EMI, suddenly finds it has multiplied making owning a house, that much moredifficult.The real estate industry has a very low barrier point for entry, resulting in many new entrants who get into themarket, offer seemingly affordable housing, but are not able to maintain that and shut shop. This is the reasonthatwhen it comesto consumertrust, this industry is one thatfaces the greatest credibilityissues.This problemis being addressed by big, established brands, like Tata Housing and Godrej etc. entering the sector, andleveragingonthetrustestablishedwiththeircustomerfordecades.There is also disconnect between what a consumer needs and what is being doled out to them. Statistics showthatmostoftheresidentialrequirementinrealestateinIndialiesintherangeofRs.2000toRs.4000persquarefooti.e.withinacapitaloutlayofRs.15toRs.40lakhperunitofhousing.Butthecustomersbuyingthemaretherising middle class of the nation, who not only want a house to live in, but also want to have a lifestyle aroundthis. The need for the industry is thus to come out with exciting lifestyle solutions while working within theconstraintsofaffordability.Thesolutiontothisfromtheperspectiveoftheindustry,perhapsliesinreducingtheoverall cost of a unit of housing by creating pipelines that allow the inflow of low cost inputs and funds intoprojects that are mass based and the use of technology in every stage of the way – design as well asconstruction.Despitetheseseeminglyinsurmountableproblems,theindustry,asmentionedearlier,hasnowheretolookbutup with demand, especially in the low cost housing sector, growing exponentially. What is needed is acomprehensive overhaul of the real estate ecosystem that has to involve every stake holder – the industry, thegovernmentandthenationspopulace.The real estate business is a long term sustainable business that not only creates value and profits for its stakeholders but fulfils a very crucial social need for the nation. While Roti and Kapda for the masses are taken careof, the Makaan element deserves to be given the attention it deserves, not just for the sake of the individual,butforthegrowthoftheentirenation.102
  • 90. By: Atul Chordia, Chairman & CEO, Panchshil RealtyREAL ESTATE & INFRASTRUCTUREPune, a preferred destination for retirement has turned out to be home to Auto industries and now ITcompanies. Pune is the 3rd largest IT hub in the country after Bengaluru and Hyderabad. With 39.5 million sq ftof space notified under the SEZ Act of 2005, about 94% of this supply is consumed by IT/ITES companies. Thevast student population feeds the demand for manpower at these technological giants. The immediate senseonegetswhenofftheexpressway,isthatofovercrowding;concretestructuresfillinguptheviewofthehorizon.RealEstateinIndiaisoneofthemostimportantrevenuegeneratingsectors.Thegrowthanddepreciationinthissector directly influences the economy. Having a property of your own is a matter of pride especially for anIndian, attachment to the property is immense. Also, this is the most profitable investment in India. Investmentin property is believed to be the smartest move as chances of loss is negligible. The growth graph of the RealEstatesectorisobservedtobeescalatingdaybyday.The growth is witnessed not only in the metropolitan cities like Delhi, Chennai, Mumbai, Hyderabad, Pune etc.but also in the surrounding regions and other tier II cities. The suburban areas are also developing at a fasterpaceandhaveopenedthegatesforinvestment.Having said the above, real estate does rely to a great extent on infrastructure. Infrastructure and real estatetogether create the locality and go a long way in determining how the area would come up. A stronginfrastructure is an indicator of the area being a developed one and where people would have a comfortablestay. People would rather prefer to stay in the city center and have easy access not just to their work place butalso restaurants, clubs, shopping malls etc than stay in areas that have bigger apartments but poorinfrastructure. For real estate companies strong infrastructure means better accessibility to the place, demandfor the property and therefore appreciation in the value of the property. Infrastructure development is a keyenabler of real estate growth and is one of the most critical drivers of demand for real estate as it allows forgeographic expansion of cities. Major infrastructure initiatives that are particularly effective in this regardinclude improved connectivity through road, rail and air networks, as well as the sustained availability of powerandwater.As per a report by JLL it is estimated that the total investment in infrastructure in the Eleventh Plan would bearound INR 2,054,205 Crore (2 Million Crore) which yields an average of 7.55 per cent of GDP for the EleventhPlan as a whole. Out of this projected investment, the Centre, State and Private sectors are expected tocontribute34%,30%and36%respectively;whichindicatesaninvestmentofINR742,912Crore(0.75MillionCr)from the private sector. The growth of private investment in infrastructure is thus projected to grow to INR208,413in2011-12.The realestate sector in India is being slowlyrecognised as an infrastructure service thatis drivingthe economicgrowth engine of the country, according to industry experts. In fact, foreign direct investment (FDI) in the sectoris expected to increase to US$ 25 billion in the next 10 years, from present US$ 4 billion, according to a latest103
  • 91. industrybodyreport.Further,asperajointstudyRealtyDecoded:InvestingAcrossBordersreleasedbyErnst&YoungandanindustrybodyonSeptember16,2010,Indiahasbeenplacedfifthintherankingofselectcountriesforfuturerealestateinvestment,onaccountofastrongeconomicgrowthandadevelopingrealestatemarket.The above figures clearly show how infrastructure key role in economic development of the country and, inIndia, it has being increasingly recognized that Infrastructure development is inevitable for a sustained highgrowthrateinGDP.I believe the private sector can play a major role in upgrading the infrastructure, if not of the entire country butsurelyof theareainwhichtheyoperate.Themostsignificantcriteriaforacontinuedgrowthrateof an economyrests on the provision of a quality infrastructure. PPP can be a very successful model if executed in the rightmanner and can do wonders to uplift the standard of living of people as well as increase the value of the place.PPPs are arrangements in which the private and public sectors collaborate in some manner to achieve mutuallybeneficial goals. Over the past two decades more than 1400 PPP deals were signed in the European Union,whichrepresentanestimatedcapitalvalueofapproximately€260billion.India is set to see a massive infrastructure capex cycle over the next decade as the existing infrastructure fails tosupport Indias massive population. $500 Billion is expected to be spent in Indias next 5 year plan withexpenditure concentrated on roads, railways, ports, water, power, transportation etc. Capital Goods,ConstructionandRealEstateCompanieswillbenefithugelyfromthiscapexcycle.ANumberofCompanieshavebeen raising capital from the Indian Stock Markets as India requires massive amounts of capital to fund itsambitiousgrowthplans.Panchshil has successfully worked on a PPP model for their SEZ, EON FREE ZONE at Kharadi, Pune. The roadnetworkhasgivenanupliftmenttotheareaandtodayKharadiisoneoftheupcomingareasforinvestment.FewyearsbackKharadiwasanunheardlocationandnoonewouldhaveeventhoughtofinvestinginthatarea.APPPmodel therefore works mutually in favour of the government as well as the private player. But again, thegovernment needs to understand that as Realty firms our expertise lies in construction of property and notinfrastructure. This therefore calls for more support from the government and better negotiation terms.Promotion of PPP is therefore necessary since its the most preferred mode. Despite of its benefits, there aresomeconstraintstoowhichcanbesummarizedas:Sufficient instruments as well as the ability to undertake long-term equity cannot be provided by the marketin the present financial scenario. Also financial liability required by infrastructure projects would not besufficed.Most sectors face a lot of hindrance in enabling a regulatory framework as well as a consolidated policy. Soits important to convert such policies into a PPP friendly model. To achieve the desired results, activeparticipationofvariousstateprojectsareessential.Lack of ability of private sectors to fit into the risk of investing in diversified projects also needs to beovercome. Modernization of new airports, transmission systems and building power generating plants aresomeoftheavenueswhichrequiredskilledmanpower.vvv104
  • 92. vvAbilityofpublicinstitutionstomanagethePPPprocessshouldalsobesubdued.Maximizingthereturnofthestakeholders needs to be managed due to the involvement of long term deals including the life cycle of theassetinfrastructure.Lack of credibility of bankable infrastructure projects used for financing the private sector should also beovercome. Inconsistency is still visible in the limitations of PPP projects, despite of continued initiatives byStatesandCentralministries.The development of Indias infrastructure presents a huge task as well as a huge opportunity. The previoussections have raised some of the key issues that will need to be addressed for a major step-up in infrastructuredevelopment. But there are other challenges too. Building good quality infrastructure is integral to thedevelopment of a competitive Indian economy that is expected to play a larger role in the world economy. Andbuilding it rapidly with the least damage to the environment is important. How the huge growth in powergeneration, transportation and urbanization can be managed is therefore especially important. A second issueis the importance of transparent processes of bidding and procurement if a PPP is to play a major role. Fairnessandalevelplayingfieldmustbefirmlyestablishedandnotperceivedtobecompromisedatanystage.Therefore real estate & infrastructure can prove to be complimentary to each other and go a long way inchangingtheskylineofthecountry.105
  • 93. By: Amod Singh, Vice President - Low Income and Rental Housing, TM CityTHE IMPACT OF CORRUPTION ON THESELLING PRICE OF AFFORDABLE HOUSINGAccording to some estimates, in India, a majority of the population still lives below the poverty line and a verysizeable section forms the lower middle class. Consequently, there is a huge demand for affordable housing. Alot of developers are developing low cost and affordable housing for this population. The Government has alsolooked at PPP (Public-Private Partnership) model for development of such housing properties. However, it ispublic knowledge that corruption in the sector is rampant. At the end of the day, developers incorporate thecostsofcorruptionintotheirsellingpriceanditistheconsumerwhopaysahigherpriceforhishouse.Corruption is rampant in the real estate industry. A recent KPMG survey reported by the Financial Express inMarch, 2011 shows that the real estate industry topped the list of the most corruption-prone sectors of theIndian economy. The biggest impact of corruption on businesses is that it skews natural competition and allowslessefficientfirmstonotonlyenterthemarket,butalsoremainandprosperinit.TMC pioneered low incomehousing in India, when it launched its first project in November 2008 at Karjat in theMumbai metro-region. TMC was awarded the UN Habitat Award for best practice in 2009. The first batch of3,000homesreceivedarecord66,000applications.Theinnovativefeaturesoftheprojectwere:Houses designed in small format, for example the 2-bedroom houses were designed within 400 sq. ft. ofcarpetareaAfinancialmodelwherethecommercialspacescross-subsidizedtheresidentialareasandConstructioncostoflessthanRs500persq.ft.whilebeingfasterandgreener.Our mission is to build cities for the poor. We believe there is greater merit in building new cities rather thanmaking the existing ones implode with new population. It is highly improbable to achieve the scale needed toaddress the problem through the in-situ route, although it appears more advantageous from the viewpoint ofmaintaining social and employment ecosystems. Our approach is the antithesis of piece-meal development.Developingnewcitiesneedsaholisticandsustainableapproach.Corruption impacts the selling price of affordable housing in many ways. We attempt to describe a fewimportantaspectshere.Cartels are normally led by local politicians who merge with local quarry owners, brick manufacturers and sandlicensees to corner developers and then impose extortionately higher raw material costs. Awarding of tenders,especially for sand extraction and quarrying, is a very political process and has violent ramifications for thetender-hearted.Instances have been observed where members of such cartels create a siege around the construction site andprevent the incoming or outgoing of raw materials, labour and other basic resources, until their demands arevvvMaterialSupplyandLabourCartels106
  • 94. met. These cartels discourage natural competition and prove detrimental in efficient allocation of resources forthedevelopers.Thisresultsinprojectdelaysandincreasedcosts.Labour suppliers, under the guise of appeasing local communities, encourage inefficiencies amongst localworkers, and also lower the bar of output standards of the competing non-local labour. Locals, under theprotectionofpoliticians,arepermittedtodolittleworkwithaviewtomaintainlocalpeace.With the decentralisation of power through the 73rd and 74th Amendment Acts, Panchayati Raj Institutes haveassumedgreaterpowertoregulatelandrelatedprojects.Sarpanchesfindthemselvesinapositionofpowerandtheir conduct can at best be described as arbitrary and whimsical. In theory, redistributed power is expected toprotect the local farmers and land owners from extortionary practices of developers; however, it has increasedthe rungs of officials the developers need to bribe in order to acquire the relevant licenses. Moreover, thesubstantiallyincreasedinflowofFDImoneyhasonlyencouragedthe"officialdemands".The Economic and Political Weekly in its article on Corruption: Where does the money go? has accuratelypointedout thatadministrativecorruptionisahighlysystematic"business",whereindividualofficersoftenfindthemselvesunderintensepressurefrom"above".Pettycorruption,originatingatlowerrungs,isaggregatedina systematic way to generate huge revenues for those in positions of high authority, without the senior officialsandpoliticiansnecessarilyhavingtogettheirownhandsdirty.It has been said that the regulatory environment in India has contributed to a "criminalization" of real estate.Many regulations have the effect of rendering construction unaffordable for a large part of the population. As aresult,manyhouseholds,developersandfirmsresorttoillegalconstruction.Changes in land use regulations are also a big factor. These regulations have the effect of allocating landadministratively, ignoring demand and costs and bypassing market mechanism in allocating resources. Bymaking urban development financially unfeasible in areas where there is high demand for commercial orresidential space, some regulations encourage corruption. Corruption is again compounded by the fact thatnobody sees any social benefit in enforcing the regulation (contrary to environmental regulations where thesocialbenefitsareusuallyobvioustoall).Regulationsalsopreventorslowdowntheconversionoflandforoneusetoanother.Anychangeofuserequiresa lengthy approval process. This is particularly serious at the periphery of cities where land needs to beconverted from agricultural to urban use. Change of land use within cities also involves a long andcumbersome process resulting in pockets of "dead land". All of the above mentioned structural changes havehurttherealestateindustry,increasingdevelopmentcostsanddissuadingbuildersfromdevelopmentprojects.In the face of adversities brought on by regulations, builders succumb to corrupt practices in an attempt tolowercosts.AuthorityofLocalPanchayatsAmbiguousRegulations&LandUseEnvironment107
  • 95. Indian urban planners have a tendency to prefer low intensity of development, as seen through low FSI values.They impose a ban on commercial development in central areas to "avoid congestion". This seems like theurban version of the regional development philosophy which had been banning new industries aroundsuccessful metropolitan areas like Bombay and Surat and had been subsidizing industrial infrastructure inremote areas like Western Gujarat (next to the desert of Kutch) and in the mountains of Arunachal Pradesh. Awide debate should take place in India to discuss "demand, location, congestion, economy of scale and uniformgeographic development". There still seems to be a widespread perception among policy makers that theabsence of development in some remote location (whether urban or regional) is a sign of market failure whichshould be corrected by Government investment and tax-subsidies; and that, correspondingly, fast growth inhigh-demandlocationsshouldbediscouragedbygovernmentregulations.Over the last decade there have been significant changing trends in the real estate industry that have led torising land costs. One of the most significant factors is the introduction of FDI by the Government in the year2005.AccordingtoTOIfiguresreportedinAugust2011,theFDIinrealestatein2005amountedtoRs.171croreswhichtookatremendousleaptoRs.13586croresintheyear2009-2010.FDI in real estate in India has grown 80 times in the last five to six years. There is a sudden drastic increase in theamountof moneychasing land. This has resulted in skyrocketingland prices. Take, for instance, the price of landinChakan(Pune).Driveninpartbythenewautomobileplants,thecostoflandhasmovedfromRs5lacsperacrein 2005 to Rs 2 crores (Rs 500 psf) in less than six years. In the municipal corporation of Karjat which is on theoutskirtsofMumbaicity,landhasshotupfromRs20lacsperacrein2006toRs4crorestoday.In conclusion, there is sufficient evidence to suggest that corruption leads to inflated pricing, especially in thereal estate sector. A greater impact is felt by those for whom having an affordable house is the dream of alifetime. Despite great efforts, including those in legislation, it is very difficult to completely eradicatecorruptionintheindustry.Most incidences of corruption are not reported. To understand the reasons, one has to understand that thereare three different types of bribes - collusive, anticipatory and extortionary, as classified in the Economic andPoliticalWeeklyarticle-Corruption-WhowillbelltheCat?.Collusivebribesarebribeamountspredeterminedand agreed on both by the bribe giver and the bribe taker for the execution of a certain task. Anticipatory bribesare paid to officials in lieu of a speculated favour. Extortionary bribes, sometimes known as harassment bribes,are bribes that people are forced to give for utilities that are rightfully theirs. People involved in collusive oranticipatory bribes are obviously not likely to report them, thus perpetuating corruption. On the other hand,people forced to pay extortionary bribes rarely report them because they would be punished as severely as thepersonwhodemandedthebribe,undertheprovisionsofthePreventionofCorruptionAct,1988.Refusaltopaythe bribe would only result in delayed project costs and thus, instead of taking the ethical path, developerschoosetopaythebribeandincorporatethesameintotheircosts.A recent post on the website of the Finance Ministry, Mr. Kaushik Basu introduced the idea of decreasing theincidenceofbribebylegalizingthegivingofbribes.ThecentralmessageofhispaperwasthatweshoulddeclareLandHoarding&IrrationalIncreaseinLandPrices108
  • 96. the act of giving a bribe in all cases of harassment bribes as legitimate activity - the giver of a harassment bribeshouldhavefullimmunityfromanypunitiveactionbythestate.Themainargumentofthepaperwasthatsuchachangeintheanti-corruptionlawwouldcauseadramaticdropintheincidenceofbribery.There are two main problems with this suggestion. Firstly, it reduces the immorality of corruption on the part ofthe bribe giver, thereby increasing the probability of bribery. Secondly, it provides the bribe giver theopportunity to turn the tables on the officials and use the evidence of the bribe to extort him. This again wouldperpetuate corruption. For a long time, officials have extorted developers making them pay hefty prices; if thedeveloper was presented with an opportunity to extort the official he would jump at it. This would only serve tobringanewfacettocorruption-vindication. EconomistJeanDrezerespondedtoBasusnovelideainherarticleon the subject in Indian Express dated 23rd April 2011. She said, "Creative and thought-provoking as it may be,Kaushik Basus paper is symptomatic of a common disease in the economics profession: the tendency to makesweepingpolicyrecommendationsbasedonanalyticalmodelsthathaveaverylimiteddomainofvalidity.Inthiscase, the problem is compounded by analytical flaws as well as tensions between economic arguments andethicalconcerns."The solution to fighting corruption does not lie in just reforms of existing laws. Even the introduction of theLokpal Bill will only help curb corruption at the top tiers. Developers are not only faced with corruption at thatlevel but also at lower ranks of the hierarchy and there are very few policies to help reduce corruption there.What we need is a complete policy shift, an executive cleansing and a layered approach to eradicating housingpoverty.Wehavetoattackcorruptionateverylayerofthepyramid.109
  • 97. LongtermprospectsThe real estate sector is one of the major drivers of the economic growth of the country. With realty markets inthe West reaching a point of saturation - registering zero and even negative growth, the Asia Pacific region andespeciallyIndiahasemergedasoneofthenewinvestmentmagnet.The Indian real estate market is currently experiencing a good growth curve. After recovering from one of theworst global economic crisis, the Indian realty sector has bounced back by a great degree and promises a lot ofhopetoallitsstakeholders.ThisinturnhashelpedtheIndianeconomymaintainitsgrowthmomentum.Indian economy is at present, the second fastest growing major economy. Experts have estimated that it shouldcapturethenumberonepositionbythetimewereachtheyear2018.While the largest contribution to this growth of Indian economy has been from the IT sector as a result of theincreased investments made by the multinational companies, a major role has been and is still being played bythe real estate sector that has been a witness to an unprecedented growth in the last few years. The real estatesectorcontributesapproximately8%toIndiasGDP.The last couple of years have seen a large number of cities and towns that have found a place in the real estatesector.However,theMumbaipropertymarkethasalwaysbeenonthetopoftheinvestorslist.Realestateisacyclicalbusinessanddemandintherealestatemarketisnotconstant.Itvariesfromtimetotime,depending on various factors. However, in the recent years, the sector has undergone major transformationwhichhashadapositiveimpactonthesectorandtheIndianeconomyasawhole.The Government on its part has been pro-active and initiated certain decisions/ measures that have fuelled thegrowth of the sector. The large number of private developers has kept the growth momentum going in thissector. With new technologies and strategic thinking by the private developers, there are more affordable andmodernhousingoptionsavailableforbuyerstosuittheirrequirements.Andthisgrowthcurveispredictedtogoevenhigherinthenearfuture.The sector continues as one of the most appealing investment areas for domestic as well as foreign investors.Despitetheeconomicslowdown,ForeignDirectInvestments(FDI)intothecountrycrossedtheUS$1.1billioninthelastoneyear(April2010toMarch2011period).India has replaced US as the second most favored destination for foreign direct investment in the world andmaking India amongst the "dominant host countries" for foreign direct investment in Asia and the Pacific(APAC). Over the years, the sector graph has shown an upward trend and the real estate sector has clocked anaveragegrowthrateofabout30%eachyear.According to industry experts, FDI in the sector is expected to increase to US$ 25 billion in the next 10 years.India has been placed fifth in the ranking of select countries for future real estate investment, on account of astrongeconomicgrowthandadevelopingrealestatemarket.TRENDS IN REAL ESTATE SECTORBy: Rajesh Jaggi, Managing Director, Peninsula Land Ltd.110
  • 98. In addition, to the huge shortfall of residential housing the real estate sector will continue to derive its growthfromtheboomingITandalliedsector,sinceanestimated70percentofthenewconstructionisfortheITsector.The sector is experiencing growth in all its areas, be it residential or commercial in the Tier I & Tier II cities.PropertyinIndiaisadreamforeverypotentialinvestorlookingforprofits.The Indian economy is an ever growing economy, on a continuous rise, which will further create increasedpurchasing power and demand for realty sector. Relaxed FDI rules in India have attracted more foreign investorsandallowedNRIstoownpropertywithminimumsizeforhousingestatesbuiltwithforeigncapitalreducedto25acres.With these changes in investment policies, the sector is definitely going to attract more foreign investors in thenearfutureaswellaslongterm.The India real estate sector is getting organized day by day. For a major part of the last few decades sinceindependence, the sector comprised of small and regional players. But in the last five years, the scenario haschangedsignificantlywithcorporatesandinternationalplayersarrivingonthescene.Till recently, the sector was largely unorganized and characterized by factors that impeded the growth of thissector. The rapidly growing real estate market is getting matured by each passing day as corporates andinternationalplayersaredrivingthesectorandensuringthatthereistransparencywhiletransactingbusiness.Inrecentyears,thissectorhasexhibitedatrendtowardsgreaterorganizationandtransparencywhichhasmadeit one of the most attractive sectors for investors. This has led to more and more foreign investors looking atinvestinginthissector.ThisinturnhashelpedtheIndianeconomyclockafastergrowthrate.The level of transparency in real estate dealings has grown, whether it is large scale commercial or smallerresidential deals. It is a sign that the domestic real estate industry is growing to the level of the internationalmarket.Theimportanceoftheconsumerhasbeenemphasizedhere.GoodcorporategovernancepracticesbackedbyinnovationintheconstructionindustryhavetransformedIndiainto a unique market for investors. Indias current property yield of 10% to 25% is a big attraction for both,foreign as well as local investors. This has led to several multinational corporations showing great confidence ininvestinginIndianrealestatesectors,foritspromisetogaintremendousreturnsoninvestments.Competition among the Indian players is on the rise with the entry of global property players. This necessitatedproperty firms to strengthen their operational infrastructures, personnel and finances to better compete withglobalplayersandmoreorganizedIndianplayers.The government is also taking its steps to regulate and control the real estate sector. It has established acontrolling body Confederation of Real Estate Developers Associations of India (CREDAI). CREDAI aims topromote real estate and housing in an organized manner and coordinate with the government bodies forvarious related issues. Such organizations can play a significant role and ensure that the developers conductbusinessinanethicalandtransparentmanner.SectorisgettingorganizedandtheIndianmarketismoretransparentnow111
  • 99. AllthishasinfusedasenseofsecurityinthepeoplewhichhasfurtherboostedtherealestatesectorinIndia.The various stakeholders in the entire supply chain - the material manufacturers, developers, propertyconsultants,occupiers,investorsandpolicymakers,haveallemergedstrongerandprimedthaninyesteryears.The most visible changes in the Indian real estate sector include the emergence of well-defined productcategoriesandthedivisionofthemarketintotieredcities.Shortages of prime products in Tier I cities have encouraged investors to widen their search to Tier II and Tier IIIcities. The realty boom is gradually advanced towards the smaller towns and cities. The real estate sector acrosscities has seen an unprecedented upswing. And the smaller towns and cities also present no exceptions to thisnow. They are also witnessing an unparalleled boom in the real estate market, which has grown exponentiallydespitethenegativeeffectsofrecession.And the growth is here to stay. Growth of property in the smaller towns and cities will now be the mainstay oftheIndianrealtysectorasthemega-metrosandbigcitiesareeithersaturatedorthelandandrealtypricestherehavebecomeoutofreachforalargenumberofpeople.This growth is also attributed to increased investments across industries including IT/ITES, improvement ininfrastructure and urban governance, rapid influx of knowledge industry professionals, improvement in qualityoflife,rapidindustrializationandrisingopportunities.This pattern of property growth is shifting the focus of investors and developers to the relatively smaller citiesand hence there is a probability of such emerging cities leading the transformation of the Indian real estatesector.The Government on its part is also taking an active interest in promoting these cities as investment options inordertode-congestbigcities.India has 30 cities with a populationof a million people each. The returnsare hugein Tier II cities, where there isalargeuntappedpotential.ThegrowthfromthesecitieswillgraduallymovetoTierIIIcitiesinthenextcoupleofyears.Goingforward,thesmallerurbancenterswillexperienceahousingboomtotargetnewsegmentsofcustomers.The future will see more satellite townships as big cities expand where salaried and the educated middle classwillownhomes.These cities also offer properties at par with what is available in metros. So while the first housing colonies hadnothing but a security guard, these new housing colonies have a gym (spa, jacuzzi, steam), swimming pool(heated,linedwithItalianmarble).The rise of the suburbs and Tier II cities has given rise to townships which is fuelled by the "walk to work"concept. This is catching up fast in Tier I and Tier II cities. With availability of space, most developers are settingupintegratedtownshipswhicharethelatesttrendinthesesmallercities.EmergenceofTierIIandTierIIIcities112
  • 100. Vacationhomes:thelatestopportunityinrealestateThegrowthoftherealestatesectorisexpectedtocontinuewithstrongIT&ITES,banking,financialservices andinsuranceandcorporatedemanddrivingtheofficesector.In the residential segment, the mid-segment and high end real estate sector has done well and continues todrive the growth in this sector. With higher disposable incomes, Indians are witnessing growth not only in themetropolitan cities but also in the surrounding regions. The suburban areas are also developing at a faster pace.SustainabilitywillgainfocusastheindustrylooksforwardtowardsIGBCGreenhomesstandards.However, another interesting trend in the residential segment is the emergence of second homes/ vacationhomes. This concept not only allows the investor to own a property at holiday locations but also a goodinvestmentopportunity.India is producing more multi-millionaires and these millionaires areexploring newopportunities to breakfromtheir high pressurized jobs. Traveling for pleasure or spending quality time with their families, this affluent classiswillingtoinvestinvacationorsecondhomes,awayfromtheirhomes.Recent trends have highlighted that Non Resident Indians investment for residential properties in India eitherserve as second homes, vacation homes, investment property or as retirement homes. Apart from this, theaffluent class in India is also looking at investing at holiday locations which has fuelled this demand for secondhomes.With increased buying power, the demand for acquiring these homes is on the rise as more people areinterestedtoliveinluxurioushomesorinvestinpropertythatwillappreciatesignificantlyinthefuture.These homes not only offer luxurious facilities for the owners but also serve as a good investment in the longterm.So overall, it appears that the growth momentum is here to stay. There may be a few blips but overall the sectoris on a strong footing. India will continue to be one of the preferred destinations for foreign investment and alarge chunk of this will be ploughed in the real estate sector which promises to give the highest returns to theinvestors.Prices have stabilized and likely to remain stable during the next couple of quarters. The demand for residentialunits, driven by the high growth rate in the Indian economy and rapid urbanization, is expected to be the maindriveroftheindustryinthemedium-term.113
  • 101. TheIndianrealestatesectorinperspectiveAffordablehousing-TheneedofthehourThe Indian real estate sector has witnessed a sea of changes with a variety of trends emerging over the past fewyears. The initial phases of the global economic slowdown witnessed in the latter part of the year 2008 sawproperty developers beginning to experience a slowdown in sales of their projects. There was a sharp reductioninthedemandforresidentialhousing,largelyinthepremiumandhigh-endsegment.A strategy adopted by many prominent market players to steer through the challenging market conditions in2008 was to change their growth approach and align focus on Affordable Housing. The affordable housingsegment emerged as an important category and at present constitutes significantly to the overall housingdemand.However in the last few quarters of 2009, there began a gradual escalation in property prices as a result of therevivalofthecountrysoveralleconomy.Propertypriceshavebeenincreasingconstantlyeversince,particularlyinkeymetrosoveraperiodasaconsequenceofseveralinfluencingfactorsincludingimprovedliquidity,positivemarketsentiments,increaseontaxesandrawmaterialsprices.During2010,severalrealestatedeveloperstookadvantage of the improvement in equity markets and raised funds through initial public offers (IPOs). Otherlisted companies raised funds through qualified institutional placements (QIPs), and used some of these fundstoreducetheiroveralldebtportfolio.Real estate prices have reached a peak at present and this has resulted into a slowdown in the demand forresidential real estate. Developers have gone to the next level to market their projects and ensure sales byoffering perks to brokers, free bees and discounts to home buyers and this trend has been witnessedparticularly in the high-end housing segment. The real estate projects launched in the recent past have becomeincreasingly unaffordable and this has crippled the supply for affordable housing which is the need of the hoursacrosskeymetros.A recent report by rating agencies like CRISIL indicates that affordability in the residential sector has taken abeatingascurrentrealestatepricesacrossIndia,havesurpassedthepropertyratespeakinthefirsthalfof2008,bymore than 26 per cent. Affordable housing refers to an apartment or a house thatis within the budget of low-income and mid-income group and the price of units vary from one city to another. The concern today howeveris that the launch prices of houses within key metros and their respective micro-markets barely fall within theaffordable range. It is prominent that Real Estate supply at present is primarily targeted at the wealthy classes,while there is a serious requirement for affordable housing to cater to the masses. It is also important to deliverhomes that are not just affordable but also provide true value for the money invested by home seekersbelonging to this category. These homes need not essentially incorporate amenities and facilities associatedwith luxury, but should imperatively provide all the basic necessities for convenient living. So is there a longAFFORDABLE HOUSING TO FUEL GROWTH OFTHE INDIAN REAL ESTATE SECTORBy: Uday Dharmadhikari Chief Executive Officer, Usha Breco Realty Limited114
  • 102. termstrategytopropelthegrowthoftheaffordablehousingsegmentandcatertothehugesupply-demandgapthatexistsinthiscategory?Risinglandcostsandavailabilityofland:OneofthelargestconcernsIndiaatpresentiswithregardtoadequatesupply of land for housing purposes. In relation it is also important to understand that the cost of land, has beenescalatingdramaticallyyearonyear.Financial and Regulatory Support: Financial and regulatory constraints have are not seen as viable to cater tothe masses because of various regulatory constraints. The current financing mechanism prevalent in thecountryismostlybenefitedbytheMIGandHIGhouseholdsatlarge.Microfinanceinstitutionsareconsideredtobe the next best alternative to for financing end users seeking financial assistance for low-cost and affordablehousing. However, there are various regulatory challenges faced by microfinance institutions which preventthemfromhousingloans.Need for infrastructure in peripheral areas: A key challenge for developers for promoting affordable housingproject in the outskirts of the city is the lack of basic infrastructure including water-supply, power, roads andtransport infrastructure. In relation, transport infrastructure to commute from these locations to thecommercialhubsofthecityismoreoftenthannotlimited.Increase in the price of raw materials: The prices of raw-material for construction has been increasing quiteconsiderably in the recent past, part of which has been accounted for by the rise in steel and cement prices andthisisbesidesthemountinglandcosts.Public-Private-Partnerships (PPP) Models: Its time for the public as well as the private sector to team up andwork on practically feasible PPP models to facilitate mass social schemes as houses become more affordableand the shortfall can be catered to. Many PPP models in the recent past have been successfully implemented inIndiainthetosupplementthe affordableandlow-costhousingsupply.Infrastructure development: A push by the Government during the union budgets for infrastructuredevelopment in Key Tier 1 and 2 cities, including infrastructure in peripheral locations in the outskirts of keymetros can help facilitate affordable housing. Providing basic urban infrastructure including water supply,power supply, roads and transport infrastructure for commuting from these locations to prime commerciallocationswillencourageaffordablehousing,Support by housing finance and microfinance companies: There are number of housing finance companiesthat offer cheap home loans at a low interest rate. There are many nationalized banks that offer finance foraffordable housing. These institutions will play an integral role in facilitating affordable housing and providingfinancialassistancetoend-users.Affordable loans / Standard operating procedures (SOPs): In order to ensure thatthe growth in the affordablehousing segment continues, interest rate on home loans for such projects should be reduced for people toChallengesKeygrowthdriversthatcanfacilitateaffordablehousing115
  • 103. purchase flats. This is important to aid the purchasing power of especially those who rely on bank finance, forhousingneeds.DuringtherecentUnionBudgetforFY-12,thegovernmenthasliberalizedtheschemeofinterestsubversion of 1% on home loan by including loans upto 15 lakh for houses that cost upto Rs 25 lakh. Also theInterestsubventiononhousingloansisextendedbyoneyear. Thismovehasbeenaimedatprovidingaboosttotheaffordablehousingandlowcosthousing.Pre-engineered construction technology: Projects developed using pre-fabricated building materials can beused as this technology is quicker, less labour intensive and more cost effective. Although the technology inIndia is not widely accepted at present, as it is in the western countries it will go a along way in providingaffordablehomesespeciallyconsideringtheriseinrawmaterialpricesowingtothecountrysrising inflation.Additional FSI: This Central and State Government should create housing policies to facilitate affordablehousing by providing higher Floor Space Index (FSI) for affordable housing projects. These policies will to a largeextent create adequate affordable housing stock for Lower Income Group (LIG) and Economically WeakerSection(EWS)onownershiporrentalbasis.Taxconcessionsonrawmaterials:Theinputcostsofrawmaterialshouldbereduced,althoughthereisinflationwhich is hitting different sectors of the economy. As a special case particularly in the case of affordable housingprojects,input costof rawmaterialsshould bereduced.Offeringconcessionson customs and exciseduty of rawmaterialcanprovideanimpetustotheaffordablesegment.The real estate sector in India has emerged as one of the most dynamic industrys and has been experiencingexponential growth for the past few years. In relation, with an increase in the number of real estate companies,rise in demand for residential properties, and availability of financing options, the Indian housing sector isexpectedtogrowphenomenallyinthenearfuture.In relation, it is important to note that the affordable housing segment accounts for the major share in the Indiahousing industry, both in terms of volume and value. This segment is mainly targeted at the economicallyweaker class and low-income groups. Recent reports by industry experts have indicated that, with continuousprovisions from the central government and financial institutions, and increased focus on affordable housing,thedemandinthissegmentinIndiaisforecastedtogrowataCAGRofaround13%duringtheperiod2011-2013.Considering the current and future stimulus provided by the Government towards the real the real estatesector, particularly in the residential segment, the onus now lies on the developers not only to leverage thesebenefits to derive maximum returns on projects but also to ensure that these benefits are shared equally withthe customer, which would truly make affordable housing a reality. With high end housing having its ownposition,affordablehousinghastakenitsownplaceintheresidentialhousingspaceandwillcontinuetofuelthegrowthoftheIndianrealestatesectorinthefuture.Indianrealestatesectorfutureoutlook116
  • 104. CitiesareGrowthEnginesoftheCountryHousing&InfrastructurewoesofUrbanAgglomerationsvvvvCities have evolved as drivers of growth in the modern economy. By 2008, an estimated 340 million people livedin urban India, representing nearly 30 percent of the total population. Compare this to last statisticalcompilation of 2001 Census that lists 286 million people living in urban areas. We have already observed 19percentgrowthin7years;somethingwhichmostofourcitieshavenotbeenabletocopeupwith.As per a study conducted by McKinsey Global Institute, some of the future indicators for the cities in India arethat by 2030 the urban population would grow to 590 million, thriving on the 70 percent of all new jobs createdin India. The scale of urbanization will result in 68 cities with populations of more than 1 million, 13 cities withmore than 4 million people, and 6 megacities with populations of 10 million or more. By 2030, it is estimatedthat urban India will generate nearly 70 percent of Indias GDP. Mumbai Metropolitan Region (MMR) GDP isprojectedtoreach$265billionorINR12LakhCrores,whichisbiggerthanmanycountries.The projected growth is built on the premise that the urban centers would be equipped to provide for andmanagethe outcomesof rapid growth. Today the consequencesof urbanization are felt through environmentaldegradation and deteriorating living standards. The investment in infrastructure including housing has failed tokeep pace with the growth of population, which has direct negative consequences on living conditions. There isurgent need to improve strategies to make urbanization process more efficient and equitable through urgentactions.If a city were to be compared to an enterprise, then the success of the city is a combination of its capacity foreconomicgrowthandabilitytoprovideasustainablequalityoflifeforitcitizens.Qualityoflifequotientcompriseofthefollowingfactors:Public Infrastructure: Clean drinking water, efficient sewage disposal, connectivity by roads & metro railnetworksSocialServices:Hospitals,Schools&Colleges,HousingforallRecreationalfacility:Openspaces,parksandcommunitywelfarecentersLivingEnvironment:Preservationofnaturalresources,maintenanceofcleanair,waterandlandIn contrast to a desired level of quality-of-life in our cities, we realize that the reality is falling significantly short.As per the data compiled by various international and national bodies the current performance of Indian citiesascomparedtobasicstandardandbestinclassFUTURE CITIES: PLANNING FOR INCLUSIVE GROWTHBy: Manoj John, Vice-President - Corporate Planning & Strategy, RNA Corp Ltd.117
  • 105. AspertheestimatesofNSSO,outofcountrys totalurbanpopulationofabout286million(2001Census),nearly87 million population lives in slums and squatters, constituting over 23.62 percent. For a city like Mumbai, thepercentage is alarmingly higher at about 55 percent. The estimates for beginning of the Eleventh Five Year Plan(2007 - 2012) put the shortage of nearly 25 million houses in urban area. This figure has since then increased toalmost 30 million corresponding to the growth experienced in many Tier 2 & Tier 3 cities. Of the total estimatedshortage more than 90 percent is attributable to Low Income Group (LIG) and Economically Weaker Sections(EWS) of the society. Hence there is a need for a sustainable, equitable, humane and socially inclusivedevelopmentstrategy.An Inclusive City promotes growth with equity. It is a place where everyone, regardless of their economicmeans, gender, race, ethnicityor religion, is enabled and empowered to fully participate in the social, economicand political opportunities that cities have to offer. Participatory planning and decision making are at the heartofInclusiveCities.In India the citieswould have to adopta newframework to causea turnaround from the lows experiencedon allaccounts. Theframeworkneedstoaddressthefollowingparameters:ResourcePlanningUrbanPlanningDevelopmentPoliciesAdministrativeStructuresSocialPlanningInclusiveCityPlanningvvvvv118
  • 106. ResourcePlanningUrbanPlanningDevelopmentPolicies(AffordableHousing)Generate sufficient funds in the Tier 1 and Tier 2 cities through monetizing land assets, maximizing property taxcollections, recovering operating costs through user charges, and pushing for greater leveraging of debt andprivateparticipationbyconvertinglargeinfraprojectsintoSPVs.Itisalsoimportanttorationalizetaxcollectionsemerging from the real estate development; a case in point being the debate on payment of Service Tax onunder-construction properties when there is already a VAT enforced. Recent market correction of the capitalvalues or ready reckoner rates in Mumbai for calculation of property taxes has left many residential micromarketsburdenedoninequitableterms.Create a sufficiently funded grant system from state and central governments by tripling annual JNNURMallocation in the short term and sharing 18 to 20 percent of proposed GST with cities in the medium term. GiveadditionalsupporttoweakerTier3and4citiesfromthecentralstagegovernments.Devolve the planning function to local governments by empowering Metropolitan Planning Committees tocreate statutory metropolitan plans and transferring local urban planning powers to municipalities. Execute anintegrated, cascaded planning system consisting of 20-year master plans at metropolitan and municipal levelscontaining calculations of predicted population, GDP, required transportation, affordable housing and otherurban infrastructure as well as use of FSI norms. Create well-resourced planning organizations at metropolitanmunicipal levels and innovate with latest planning technologies and models. Create tight execution andenforcement mechanisms for city plans with a transparent system for exemptions and sufficient publicparticipation.Encourage metropolitan governments and municipalities to plan for affordable housing and allocate landdedicated for this purpose. Mandate 20 percent area for affordable houses in new developments above 5000square meters with associated incentives. Offer a basket of incentives like additional FSI, utilization of 10percentincentiveareaforcommercialuse,interestratesubsidies,andfavourabletaxregime,todevelopersandstate housing boards to trigger new affordable units and slum development. Some steps have been taken byGovernmentofIndiaintheBudget2011-12byextendingtheinterestsubventionof1percentonhomeloansupto Rs 15 lakhs from the current Rs 10 lakhs, allowing for 100 percent tax deduction on capital expenditure onaffordablehousingprojectunderthedesignatedschemesofcentralorstategovernments.Create flexible affordable housing solutions with 30 percent rentals with defined targets on yearly capacityaddition.ThereisarentalhousingpolicypromotedbysomestateslikeMaharashtra,andcertainlevelofsuccesshas been achieved through active participation by private builders in submitting proposals, though not a singleproject has been commissioned till date. Create a corporatized agency for affordable housing withinmetropolitanauthoritiesandrentalmanagementcompaniestooperateandmaintainrentalstock.119
  • 107. AdministrativeStructureSocialPlanningRoadtoSuccessDevolve power to city administration as per the 74th constitutional amendment in full. Institutionalizemetropolitan structures for at least all Tier 1 & 2 cities. Implement the modified mayor-commissioner system inat least 25 cities. Allow for directly elected mayor for metropolitan areas in the medium term and rely onmetropolitan authorities in short term under the Metropolitan Planning Committee. Modernize servicedelivery structures, including corporatization of select municipal functions and leveraging targeted private-sector participation. Improve local government capacity through creating a new city cadre and allowing lateralhires from the private sector. Drive transparency and accountability in city government through city charters,MOUsbetweenmayorsandagencies,andthroughastate-levelurbanregulator.The urban growth needs to be spread across the country, and the necessary planning to spur & support thesedistributed growth centers should come from the state governments. This would create a healthy control onskewed migration of labour currently observed and generate sustainable centers of economic activity. Inaddition to the planning for mega-cities, its very important that 20 year plans for Tier 2 cities are prepared tohelp them grow in a more structured manner. This will ensure that these cities do not face the debacles andhardships faced by mega-cities. In addition, special thrust plans need to be prepared to develop certain cities ortowns on basis of industries or services that are characteristic to these places. Another component of theplanning for mega-cities would be to plan for satellite townships supporting the housing needs, and creating ausefulfeedersystemforurbanworkforce.There is so much said and written every day on the deplorable state of many of our leading cities and theapathetic demeanor of the administration. Owe it to huge inertia to change existing systems or resistance toadopt new structures & procedures, the potential of Indian cities remain grossly unrealized. As result of 74thAmendment to Indian Constitution and JNNURM, the urban reforms process has been set rolling, but sustainedcollaborativeeffortsbetweencentralandstategovernmentscanonlydeliverthedesiredresults.In the recent budget (2011-12) allocation for Rajiv Awas Yojana has been increased by over 8 times from lastyears Rs 150 crores to Rs 1270 crores for 2010-11, and allocation for urban development is being increased bymore than 75% from Rs 3,060 crores to Rs 5,400 crores in 2010-11. The allocation for Housing and UrbanPoverty Alleviation is being raised from Rs 850 crores to Rs 1000 crores in 2010-11. These are important steps,but the State Governments need to recognize urban transformation, create desired administrative mechanism,investinlongtermplanningwhichwillattractinvestment,createjobsandbecomesustainablegrowthcenters.120
  • 108. For decades,the Indian real estate sector has been inspired byAmerican humorist Mark Twains quip: "Buy land-theyrenotmakingitanymore."Thismindsethasseensomedevelopersbidandoutbidforlandasiftherewereno tomorrow. Consequently, prices have been high in most pockets across India - an unhealthy scenario forbuyers and sales. Presently, the realty sector seems suspended in Pause mode. Despite latent demand evidentin almost all geographies across India, sales of residential units have slowed considerably in some zones and arestagnatinginothers.Twin problems currently curtail sales: high prices and negative sentiments. Yet, barely eight months ago theIndia story was earning global accolades. The Bombay Stock Exchanges Sensitive Index had crossed an all-timehigh of 21,000-plus points, with talk about the 25,000 barrier being breached by December. A few weeks later,the LIC loan scam unfolded. Market sentiment soon turned bearish and the stock markets tanked. A series ofscam unfolded and sceptics in the country and abroad even began questioning Indias success story. Again, thestock markets bore the brunt and the bears ran riot. Although some of these scams are not real estate scam butthesectorhasbeenunfairlytarnishedandtheBSERealtyIndexhastakenabeating.It wasnt just the scams that affected market sentiment, though. Escalating inflation, tight liquidity, risinginterest rates and bankswithdrawal of teaser home loan rates on RBIs misplaced diktat also had a major role indriving down sentiment. Despite high realty rates, the markets currently are in a down cycle, as stagnating salestestify.Coming to the first point about high prices, barely half a decade ago, the industry was riding high on the boomcycle. Indeed in 2004, home loan interest rates touched a historic low of 7%, with ABN Amro Bank even offeringloansat6%.Thelowinterestratesnaturallyboostedhomebuyerssentiments,givingafilliptorealestatedeals.A slew of projects were launched. Land auctions hit national and international headlines as leading buildersrushedintoamadscrambletobuylandatanycost-evenpayingusuriousratesforafewacres.Noonebotheredthat overbidding for land was not in the interests of stakeholders - the builders, the industry and the end users.But buying land at exorbitant rates guaranteed one fact - profits could only accrue if units were sold at highprices.The first stage in the high-prices spiral had begun. In the euphoria of having won the land auction bid, however,winning developers were blind to the future reality. Not surprisingly, there have been instances where thebuilderfacedtheignominyofbeingunabletomakefullpaymentforaplotwoninanauction.Boom-and-BustCyclesBy: Patel Realty India Ltd.to turn negative sentiments around and boost salesAs high realty rates stall revival, a correction seems imperativeINDIAN REAL ESTATE:CORRECTION-CUM-REVIVAL AROUND THE CORNER121
  • 109. From 2004 to the third quarter of 2008, the real estate sector witnessed a spate of launches across India.Property prices rose year on year, even month on month. Builders who purchased land at high prices thenlaunchedprojectsatevenhigherrates.Withoutwarning,though,themarketscrashedworldwideinSeptember2008, spooked by the collapse of Lehman Brothers and the sub-prime crisis in the United States. Almostovernight, markets globally went into a boom-to-bust tailspin. And like their global peers, Indian builders wereleftholdingexcessinventoriesofunsoldstock.In 2008 and 2009, sales slipped further as prices slid and customers withheld purchases, anticipating furtherfalls. In 2010, a slow-but-steady recovery began, with stable prices and lowinterest rates encouraging sales. Buteven as sales were picking up, prices rose in tandem. Within weeks of prices rising in 2010, sales began todwindle. Presently, property prices are holding in most zones, despite declining sales. With interest rates alsorising,demandhasgonedormant,inspiteofmostIndiansnothavinghomesoftheirown.Itsclearthatamarketcorrectionisimperativetopushupsalesandreignitedormantdemand.These are not the only issues that bedevil the real estate industry, though. The sector is generally portrayed invarious shades of black. It is also believed thatblack moneychangeshands in many transactions. But stray casesapart, today theres no black money in primary transactions. Black money is usually paid in secondarytransactions. Rather than blaming the real estate players only, the authorities need to look at the larger pictureandcorrecttheunderlyingfactorsthatpushpeopletopayoracceptblackmoney.Forinstance,stampdutyratesvary from state to state and are high in some zones. Even Honble Prime Minister Manmohan Singh recentlyacknowledged that stamp duties are a "big obstacle" in promoting transparent transactions. He suggestedtheseshouldbereducedtocontroltheflowofblackmoneyinrealestate.To make matters worse, since July 2010 the Government has imposed service tax on real estate construction. Itis illogical and unfair to impose service tax when stamp duty is being levied. Considering the severe shortage ofhousing and the inability of most Indians to afford their own roof, service tax will only exacerbate the situation.TheGovernmentshouldinsteadrescindtheservice taxorder,declareuniformstampdutyratesacrossIndiaandrationalize taxes to boost market sentiment and make it possible for the masses to buy their own homes. Indiasnational slogan Roti, Kapda aur Makaan (Food, Clothing and Shelter) will only ring true if the Governmentpromotesinitiativestomakethisanationwidereality.To begin with, presently too many approvals are required from myriad authorities before a builder can evenbegin basic foundation work. All this takes a minimum of one year - usually more. Such delays cause costescalations even before a single brick is laid! The best way out would be to institute a single-window clearancefor real estate projects throughout India. The authorities should prepare a standard checklist of documentsandapprovals required to be submitted via this single window. Action and approvals should then follow in a time-bound manner. Such streamlined services can promote quick approvals and control corruption thats rampantin many areas. Moreover, these measures will benefit customers by reducing the cost of flats by at least 10% ormore.RealtyReformsRequired122
  • 110. From the industrys perspective, all players need to professionalize their services and streamline the sector ifpopular negative perceptions are to be turned around. This can only happen if total transparency prevails in alltransactions. In fact, CREDAI (Confederation of Real Estate Developers Association of India) already has theseissues on its agenda and is working to usher transparency in dealings, including mentioning carpet area, ratherthansuperbuilt-uparea.On its part, the Government too is striving to bring in transparency via the proposed Model Real EstateRegulatory Authority Bill. The draftBill must be modified, however, to bring all stakeholders - buyers, financiers,licensing authorities and developers - under its ambit. In its present form, only developers are liable under theBill.The present concept of "affordable housing" is a misnomer, a myth. Most promoters of "affordable homes"simply locate their projects on the city outskirts where land rates are already low. Costs are also cut by cuttingcorners and not providing specific amenities. These flats are then touted as "affordable", although actually soldat prevalent market rates. Some people buy such flats not realising they will spend hefty amounts of time andmoney in commuting to work everyday. Many customers would have been better off buying a flat at a higherpricewithinthecityprecincts,butthensavingondailypetrolcostsandcommutinghassles.Long term, the so-called "affordable homes" may actually turn out to be more expensive. Developers shouldstop mislabelling market-priced units as "affordable homes". Over the years, it not only tarnishes theirreputationsbutendsupgivingtheentirerealtyindustryabadname.If all the reform measures outlined above are implemented by regulatory authorities and the industry, the costsof homes could fall by as much as one-fourth. Adoption of efficient processes and even prefabricatedtechnologies could also make it possible to reduce costs further. Some of these projects could clearly qualifythenas"affordablehomes".Besides real estate reforms, land reforms are urgently required to overcome archaic laws and regulations thathave throttled the sectors smooth growth for decades and become the root cause of high land prices. Landreforms will free more land for development and have a direct bearing on pushing down high rates. Once morelandisavailableinvariouszones,theblindscrambleforscarcelandanddesperatebiddingatauctionswillcease.Developers would then bid sensibly, secure in the knowledge that if one bid fails, there are more lands and landauctionsaroundthecorner.Corruption and black money deals will also fall. This will boost supplies too and reduce demand-supplymismatches, ensuring lower prices for developers during land purchase and construction as well as forcustomers purchasing individual units. More supply will then curtail speculative deals, further reducing pricesforactualusers.These reforms apart, the Government needs to institute policy reforms that permit FDI (foreign directinvestment) in real estate, but without tiresome conditions that make investments unattractive for foreigncompanies.Conferringindustrystatuswillalsoopenregularavenuesforfundingatreasonableinterestratesforreal estate. Developers presently seek loans from microfinance companies, private equity firms, high net worthAffordableHomesandReforms123
  • 111. individualsandevenmoneylendersatusurious interestratesandburdensometerms.Developershighinterestpaymentstherebytranslateintohighercostsforflatbuyers.The real estate industry is a crucial part of the Indian economy contributing between 5 and 10% of the GDP,directly and indirectly. The time for major reforms in real estate is long overdue. Lack of reforms andtransparency has brought the real estate sector to this sorry pass where sales are stagnating for quite sometime.Giventheoverallmarketscenariowithbuyerswaitinginthewingsforratestodropbeforetheystepinandbuy, 2011 will be the year of correction and revival for real estate in India. A drop in rates of between 10% and15% is likely sometime soon. When this happens, it will help push up sales and improve market sentimentconsiderably.Going by the report of the Technical Group on Estimation of Housing Shortage, India has an estimated shortageof 26.53 million houses during the Eleventh Five-Year Plan (2007-12). In other words, tremendous investmentopportunities abound for real estate and its allied sectors - provided the pricing is right. The shortfall in houseswill not only boost Indian realty, but also tertiary sectors such as cement manufacturing, interiors, ceramics,infrastructure and suchlike. This has full potential to transform the real estate sector into a national growthengine, creating millions of jobs for Indias unskilled, semi-skilled and skilled labour and spawning thousands ofbusiness opportunities for entrepreneurs. Furthermore, since metro cities are saturated, more opportunitiesarebeinggeneratedintierIIandIIIcitiesandtowns,particularlyduetotheirlowandaffordablelandrates.Once reforms are implemented and transparency practised by various stakeholders, the Indian real estatesector will bounce back with renewed vigour and reinvigorated sales. India could then become the worldsnumber one destination for FDI in real estate. And Mark Twain would still be proved right about the preciousutilityofland.124
  • 112. ABOUT FICCI REAL ESTATE DIVISIONReal Estate Secretariat:Real Estate Division of FICCI has been playing a pivotal role in bringing together the most prominent industryplayers from this sector under its fold to address the most critical issues of this industry. The FICCI Real EstateCommittee is currently Chaired by Mr. Niranjan Hiranandani, Founder & Managing Director, HiranandaniConstructions Pvt. Ltd, Co-chaired by Mr. Pranay Vakil, Chairman, Knight Frank (India) Pvt. Ltd and Mr. AjitKrishnan, Partner & Sector Leader - Infrastructure & Real Estate, Ernst & Young Pvt. Ltd and supported bymembers who are eminent players from real estate sector from across India. The committee has been guidingthe FICCI Real Estate Division in taking forward the agenda of the Real Estate Industry through its inputs,suggestions,commentsfromtimetotime.FICCI has created a strong synergy with the Industry and Government in the process of driving the importantpolicy changes such as the Foreign Direct Investment Policy in Real Estate, National Housing & Habitat Policy2007.FICCIoffersoneofthemostpowerfulplatformsfortheindustryannuallyintheformofInternationalRealEstate Summit which is widely acclaimed for its comprehensive agenda and focus on all asset classes andburning issues concerning the growth of Indian Real Estate Sector. The whos who from the Indian Real EstateIndustrygetstogetheralongwithsomekeyplayersfromvariouscountrieseveryyearonFICCIplatform.IthostsInternational Delegations providing a mutually beneficial opportunity for both the National and Internationalplayerstofurtherbusinessinterests.FICCI recognizes the need for continuous training for the Industry at various levels to disseminate the latestknow-howinthissector.Inthisregard,theRealEstatedivisionalongwithaleadingconsultingfirmhasinitiatedtrainingseriesfortheIndustry.IdentifythemajorbottlenecksthathinderthegrowthoftheRealEstateIndustrySensitize all stakeholders including the Central and the State Governments to catalyze the necessary policychangesthatareneededtomakethissectormorevibrantandcompetitiveRecommendpolicychangesthatwouldhelpcorporatizetheIndustryMakeindustryawareofglobalstandardsandbenchmarksthroughinternationalmeetsFICCI is continuously exploring the potential to forge business tie ups of Indian companies with foreign entitiesacross different areas in real estate sector. This is achieved by taking delegations of businessmen from the realestate sector to countries where exists possibility of forging partnerships in this area. Such delegations offertremendous exposure and mileage to the Indian companies and give them an opportunity to expand theirinternationalnetworks.TheobjectivesoftheRealEstateDivision:llllMs. Mousumi RoyDirector & Headmousumiroy@ficci.com
  • 113. FICCI Real Estate and Urban Development DivisionFederation of Indian Chambers of Commerce and Industry (FICCI)Federation House, 1, Tansen Marg, New Delhi - 110001, IndiaPhone Direct Lines: +91-(0)-11- 23765318 / 23357245Board lines: +91-11-23738760-70 (Ext 394/480)Fax: +91-(0)-11-23765333, Email: housing@ficci.comIndian Real Estate CompanyDIRECT RYDIRECT RYIndian Real Estate Company2011-2012Established in 1927, FICCI is the largest and oldest apex business organisation in India. Itshistory is closely interwoven with Indias struggle for independence and its subsequentemergence as one of the most rapidly growing economies globally. FICCI plays a leading role inpolicy debates that are at the forefront of social, economic and political change. Through its 400professionals, FICCI is active in 52 sectors of the economy. FICCIs stand on policy issues issought out by think tanks, governments and academia. Its publications are widely read for theirin-depth research and policy prescriptions. FICCI has joint business councils with 79 countriesaroundtheworld.A non-government, not-for-profit organisation, FICCI is the voice of Indias business andindustry.FICCIhasdirectmembershipfromtheprivateaswellaspublicsectors,includingSMEsand MNCs, and an indirect membership of over 83,000 companies from regional chambers ofcommerce.FICCI works closely with the government on policy issues, enhancing efficiency,competitiveness and expanding business opportunities for industry through a range ofspecialised services and global linkages. It also provides a platform for sector specificconsensus building and networking. Partnerships with countries across the world carry forwardour initiatives in inclusive development, which encompass health, education, livelihood,governance, skill development, etc. FICCI serves as the first port of call for Indian industry andtheinternationalbusinesscommunity.About FICCI

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